Amendment of Accounting Standards
Examination of various Rules and Accounting Standards under the Companies Act, 2013 is an ongoing process. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that Accounting Standards are amended from time to time keeping in view the requirements of the situation.… Read More
Tags: Companies Act, Companies Act 1956, Corporate Affairs Ministry, LokSabha, Minister of Corporate Affairs, Rajya Sabha, Sachin Pilot, Shri Sachin Pilot
Women Directors on Boards of Corporate Companies
As per the data available in the MCA-21 system of the Ministry of Corporate Affairs, as on 28.11.2013 there were 4,83,103 women directors on boards of corporate companies registered under the Companies Acts including government companies. Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of… Read More
Tags: Board of directors, Companies Act, Corporate Affairs Ministry, List of Latin phrases (I), LokSabha, Minister of Corporate Affairs, Rajya Sabha, Sachin Pilot
Establishing A National Company Law Tribunal
Detailed Rules and necessary arrangements are under preparation with respect to the establishment of a National Company Law Tribunal (NCLT). Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that the relevant provisions of the Companies Act, 2013 regarding operationalisation of NCLT have… Read More
Tags: Asia, Companies Act, Corporate Affairs Ministry, Government, India, LokSabha, Minister of Corporate Affairs, Sachin Pilot
Strengthening the ˜Market Research and Analysis Unit™ of the Serious Fraud Investigation Office
Since 2009, a Market Research and Analysis Unit (MRAU) has been functioning in the Serious Fraud Investigation Office (SFIO) with the objectives of analyzing media reports and for market surveillance relating to corporates. Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that… Read More
Tags: Corporate Affairs Ministry, French Section of the Workers' International, LokSabha, Market Research, Minister of Corporate Affairs, Sachin Pilot, Serious Fraud Investigation Office, SFIO
Registration of One- Person Company
Draft Rules have been prepared with regard to ˜One- Person Company™ registration system for small entrepreneurs and would be notified in due course after stakeholders™ comments and legal vetting. Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, however, said that the relevant provisions… Read More
Tags: Business, Companies Act, Company, Corporate Affairs Ministry, India, Lok Sabha, Minister of Corporate Affairs, Sachin Pilot
Fast Track Exit Mode for Defunct Companies
The Ministry of Corporate Affairs launched Fast Track Exit Mode on 03.07.2011 to provide an opportunity for defunct companies under Section 560 of the Companies Act, 1956 for getting their names struck off from the register of companies, to facilitate the exit of such defunct companies without getting into the process of winding up. Giving this… Read More
Tags: Corporate Affairs Ministry, Dormant company, Lok Sabha, Minister of Corporate Affairs, Rajya Sabha, Sachin Pilot, Shri Sachin Pilot, The Companies Act 1956
Unclaimed Money Lying With Companies
The Ministry of Corporate Affairs has decided to analyse the data uploaded on the MCA 21 portal by companies regarding unpaid and unclaimed money lying with such companies. Giving this information in written reply to a question in the Lok Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that it has also been decided… Read More
Tags: Asia, Corporate Affairs Ministry, Government, India, Lok Sabha, Minister of Corporate Affairs, Sachin Pilot, Shri Sachin Pilot
Corporate Governance Conference in Delhi
Companies Need to Look Beyond Shareholder Value And Make Sustainability a Core Driver of their Strategy Sachin Pilot Corporate Affairs Minister Inaugurates ˜CSIA International Corporate Governance Conference™ Shri Sachin Pilot, Minister of Corporate Affairs, inaugurated the two-day 2nd CSIA (Corporate Secretaries International Association) International Corporate Governance Conference on the theme ˜Corporate Governance for Sustaining Prosperity… Read More
Tags: Corporate Affairs Ministry, Corporate Governance, India, Institute of Company Secretaries of India, Minister of Corporate Affairs, Posterity, Sachin Pilot, Sustainability