Corporate Law News

EPFO adds 12.83 lakh net subscribers in the month of June 2021

21 August 2021 at 07:17

Of the total 12.83 lakh net subscribers, around 8.11 lakh new members have come under the social security coverage of the Employees’ Provident Funds Scheme for the first time. 48% of these additions are in the age group of 18-25 years.

Posted in Corporate Law | 1758 Views

Nearly 72% of financial transactions of Public Sector Banks (PSBs) done through digital channels in FY 2020-21

11 August 2021 at 05:50

Nearly 72% of financial transactions of Public Sector Banks (PSBs) are now done through digital channels, with customers active on digital channels having doubled from 3.4 crores in FY 2019-20 to 7.6 crores in FY 2020-21.

Posted in Corporate Law | 1386 Views

MCA amends Schedule III of Companies Act on disclosure norms in financial statements

11 August 2021 at 05:47

Ministry of Corporate Affairs vide notification dated 24.03.2021 has amended Schedule III to the Companies Act, 2013 effective from 01st April 2021 to mandate various disclosures by companies in their financial statements.

Posted in Corporate Law | 4569 Views

MCA | Companies (Registration of Foreign Companies) Amendment Rules, 2021

06 August 2021 at 17:16

The MCA has notified a new set of Rules to amend the existing Companies (Registration of Foreign Companies) Rules, 2014 which shall come into force on the date of its publication in the Official Gazette (not yet published).

Posted in Corporate Law | 2409 Views

MCA | Companies (Specification of Definitions Details) Third Amendment Rules, 2021

06 August 2021 at 17:11

The MCA has notified a new set of Rules to amend the existing Companies (Specification of Definitions Details) Rules, 2014 which shall come into force on the date of its publication in the Official Gazette (not yet published).

Posted in Corporate Law | 1902 Views

Insolvency and Bankruptcy Code (Amendment) Bill, 2021 passed by Lok Sabha and Rajya Sabha

05 August 2021 at 06:22

The Insolvency and Bankruptcy Code (Amendment) Bill, 2021 was passed by the Lok Sabha on 28th July 2021 and by the Rajya Sabha on 3rd August 2021.

Posted in Corporate Law | 5760 Views

12,889 shell companies struck off in FY 2020-21

04 August 2021 at 06:37

GoI has undertaken a Special Drive for identification and strike off of Companies by invoking the provisions of section 248 (1) of the Act by which the Registrar of Companies struck off those companies after following the due process of law.

Posted in Corporate Law | 2280 Views

8 resolved, 65 settled/withdrawn and 23 ordered for liquidation in insolvency cases under IBC in real estate sector

03 August 2021 at 06:26

212 applications pertaining to the real estate sector were admitted for the Corporate Insolvency Resolution Plan under the IBC. 8 cases out of these were resolved, 65 cases have been settled or withdrawn and 23 cases were ordered for liquidation.

Posted in Corporate Law | 2415 Views

Cabinet approves amendments to LLP Act, 2008 - Check All Details Now!

30 July 2021 at 17:38

The Cabinet, on 28th July 2021 approved amendments to the LLP Act, 2008 vide LLP Amendment Act, 2021. These amendments to the LLP Act were suggested in Union Budget 2021, presented by FM Nirmala Sitharaman in the parliament on 1st February 2021.

Posted in Corporate Law | 9246 Views

Ministry of Corporate Affairs has deployed Costing Validation Tool 3.2

28 July 2021 at 06:31

The Ministry of Corporate Affairs has deployed the Costing Validation Tool 3.2. Thus, the Institute of Cost and Management Accountants of India has requested professionals to use the current tool for validating Instance Documents.

Posted in Corporate Law | 1854 Views