Sachin Pilot

Detection of Corporate Frauds

The Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs has signed two Memorandums of Understanding (MoUs) on 18-03-2013 with: (i) the National Institute of Electronics and Information Technology (NIELIT), an autonomous scientific society of the Department of Information Technology, Government of India for setting up a Forensic Lab within SFIO premises in… Read More

Tags: Corporate Affairs MinistryFinancial IntelligenceIndiaMemorandum of understandingNew DelhiRajya SabhaSachin PilotSerious Fraud Investigation OfficeSFIO

Committee on Business Climate

A Committee under the Chairmanship of Sh. M. Damodaran has been constituted on 23.08.2012 by this Ministry to extensively examine different areas of root functioning such as financial reforms, governance reforms, liberalized policy framework, process reforms etc, and to suggest a roadmap for improving climate in India. The Committee is likely to submit its report… Read More

Tags: CommitteeCompanyCorporate Affairs MinistryIndiaLok SabhaMergers & AcquisitionsMinistrySachin Pilot

CLR Important | Provision Regarding ˜Key Managerial Personnel™ in the Companies Bill, 2012

The Companies Bill, 2012, as passed by Lok Sabha, inter-alia, incorporates provisions (Clause 203) regarding appointment of ˜Key Managerial Personnel™ (KMP) which provides that every Company, belonging to such class or classes of company as may be prescribed, shall have a Company Secretary as whole-time key managerial personnel. Giving this information in written reply to… Read More

Tags: CompanyCompany SecretaryCorporate Affairs MinistryICSIIndiaInstitute of Company Secretaries of IndiaLok SabhaSachin Pilot

CLR Urgent :: New Norms for XBRL Filing

New norms have been put in place for Extensible Business Reporting Language (XBRL) filing with effect from 6th October, 2011 for select class of companies. For the financial years 2010-11 and 2011-12 a total of  2,90,39 and 2,57,86 companies respectively have filed their Balance Sheet using the revised XBRL norms. Giving this information in written reply to a question… Read More

Tags: Balance sheetICAIInstitute of Chartered Accountants of IndiaLok SabhaMinistry of Corporate AffairsSachin PilotTaxonomyxbrl

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: AsiaCorporate Affairs MinistryGovernmentIndiaLok SabhaMinister of Corporate AffairsSachin PilotShri Sachin Pilot

Companies Bill, 2012 provides for Regulation of Foreign Online Companies

Sachin Pilot, MCA It had come to the notice of the Government that certain foreign entities are conducting online activities in India without actually getting themselves registered. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that in order to regulate online activities… Read More

Tags: AsiaBillCompanyCorporate Affairs MinistryGovernmentIndiaRajya SabhaSachin Pilot

Penal Action Against Fraudulent Companies

Sachin Pilot, Minister for Coroporate Affairs During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of companies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default for… Read More

Tags: Balance sheetCompanies ActCorporate Affairs MinistryMarket ResearchRajya SabhaSachin PilotThe Companies Act 1956xbrl

Multi Level Marketing – Curbs on Fraudulent Companies

Multi Level Marketing (MLM) Schemes involving enrollment of a vertical chain of investors/agents constitute Money Circulation and are banned under the Prize Chits & Money Circulation (Schemes)Banning Act, 1978 which is implemented by the States. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs,… Read More

Tags: Central Economic Intelligence BureauMinistry of Corporate AffairsMLMMulti-level marketingRajya SabhaReserve Bank of IndiaSachin PilotSchemes

Corporate Social Responsibility and the Existing Companies Law

There is no provision for Corporate Social Responsibility (CSR) spending by companies in the existing Companies law i.e. Companies Act, 1956. However, the Companies Bill, 2012 incorporates a provision of CSR under Clause 135. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said… Read More

Tags: Businesscorporate social responsibilityCSRNet profitRajya SabhaRupeeSachin PilotShri Sachin Pilot

MCA for Strengthening Bilateral Relations with Sweden

Shri Sachin Pilot Meets Swedish Ministers to Further Strengthen Bilateral Relations between India and Sweden Shri Sachin Pilot, Minister for Corporate Affairs, during his three day official visit to Sweden last week had a meeting with the Foreign Minister of Sweden, Shri Carl Bildt and Swedish Minister for Financial Markets, Shri Peter Norman. On Saturday… Read More

Tags: Arctic CouncilCorporate lawEconomy of IndiaGovernmentIndiaSachin PilotShri PilotSweden

MCA Directs Distribution of Monies realized from Assets of Defunct Companies

Shri Sachin Pilot Directs Expeditious Distribution of Rs 3,270 Crore, Realized from the Assets of Defunct Companies, to Claimants Corporate Affairs Minister ShRI Sachin Pilot took a meeting of the Official Liquidators (OLs) attached with different High Courts here yesterday to take stock of their work relating to dissolution and winding up of companies. It… Read More

Tags: Capacity buildingIndiaLiquidationMinisterMinistryNew DelhiSachin PilotStandard operating procedure

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 MinistryCorporate GovernanceIndiaInstitute of Company Secretaries of IndiaMinister of Corporate AffairsPosteritySachin PilotSustainability

Page 4 of 4« First...34

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates