West Bengal | Corporate Law Reporter

MCA Measures to Prevent and Deal with Occurrence of Frauds

During the last three years and the current year (till date), the Ministry of Corporate Affairs has ordered investigations under section 235 and section 237 of the Companies Act, 1956 in 139 cases of alleged corporate frauds through the Serious Fraud Investigation Office (SFIO) of the Ministry. Giving this information in written reply to a question… Read More

Tags: Collective investment scheme, Companies Act, Companies Act 1956, Corporate Affairs Ministry, Corporate Governance, LokSabha, Sachin Pilot, West Bengal

Investigation of Corporate Frauds by Serious Fraud Investigation Office

During the last three years, the Ministry of Corporate Affairs has ordered investigations under section 235 of the Companies Act, 1956 in 134 cases of corporate frauds through the Serious Fraud Investigation Office (SFIO) of the Ministry. Year-wise details are as under: Year No. of companies ordered for investigation 2011-12 12 2012-13 46 2013-14 (Till… Read More

Tags: Companies Act, Companies Act 1956, Corporate Affairs Ministry, French Section of the Workers' International, Lok Sabha, Securities & Exchange Board of India, SFIO, West Bengal

ICSI News:: Signs Tripartite MoU with West Bengal and Assocham for MSME growth

The Institute of Company Secretaries of India (ICSI), Department of Micro & Small Scale Enterprises and Textile, Government of West Bengal (MSSET) and Associated Chambers of Commerce and Industry (ASSOCHAM) have entered into a tripartite Memorandum of Understanding (TRI-MOU) for a larger cause of growth and development of the MSME sector in West Bengal. This… Read More

Tags: ASSOCHAM, Companies Act, Corporate Governance, India, Institute of Company Secretaries of India, Kiosk, Kolkata, West Bengal

National Electricity Fund

In order to provide interest subsidy on loans raised by distribution companies to improve the distribution network, National Electricity Fund (NEF), an interest subsidy scheme has been set up. Under the Scheme, loan amounting to Rs.25,000 cr. sanctioned by lenders during the financial year 2012-13 & 2013-14 for capital projects in distribution sector duly approved… Read More

Tags: Andhra Pradesh, Himachal Pradesh, Lok Sabha, Madhya Pradesh, Rajiv Gandhi, State Electricity Regulatory Commission, Subsidy, West Bengal

Corporate Social Responsibility by Steel manufacturing undertakings

The Minister of Steel, Shri Beni Prasad Verma has said that under the Corporate Social Responsibility (CSR) scheme, the public sector steel manufacturing undertakings, namely, Steel Authority of India Limited (SAIL) and Rashtriya Ispat Nigam Limited (RINL) are allocating funds for the CSR activities, as per the guidelines prescribed by the Department of Public Enterprises… Read More

Tags: Andhra Pradesh, corporate social responsibility, CSR, Department of Public Enterprises, Minister of Steel, Ministry of Steel, Rashtriya Ispat Nigam, West Bengal

National Consumer Helpline – Complaint Report, May 2013

The National Consumer Helpline (NCH) received 12,704 calls during May, 2013. In addition to these telephonic calls/complaints, 2135 complaints were also received through online complaint system on NCH website. The maximum calls were received from Delhi followed by Uttar Pradesh, Maharashtra, Haryana, Rajasthan, Bihar, Gujarat, West Bengal, Madhya Pradesh and Punjab. Break-up of calls in respect of top ten States during May,… Read More

Tags: Delhi, Gujarat, Haryana, Madhya Pradesh, Maharashtra, National Consumer Helpline, Rajasthan, Uttar Pradesh, West Bengal

MoCIT seeks Support from CMs and other ministers on Investment in ESDM projects

Kapil Sibal Meets with Chief Ministers and Ministers to Seek Support for Promotion of Investment in Electronics System Design and Manufacturing (ESDM) in States Proposals for Investment Worth Rs.4500 Crore Received for Manufacturing Facilities. Shri Kapil Sibal, Hon™ble Minister for Communications and Information Technology and Law & Justice held a meeting with Chief Ministers and Ministers… Read More

Tags: Andhra Pradesh, Government of India, India, Madhya Pradesh, National Policy on Electronics, State Government, Tamil Nadu, West Bengal

ICAI Exams 24 May 2013 – Centres Changed for some Candidates in Kolkata, Udaipur, Vijayawada

Announcement 16th May 2013. Change in venue for Paper 7-Information Technology andStrategic Management, of Intermediate (IPC) Examination May 2013, to be held on 24th May 2013, in some candidates in Kolkata, Udaipur and Vijayawada Due to unavoidable circumstances, the venue for Paper 7-Information Technology and Strategic Management, of Intermediate (IPC) examination May 2013, to be held on 24th May 2013, has been changed, as given below, for… Read More

Tags: Asia, Delhi, ICAI, India, Institute of Chartered Accountants of India, Kolkata, Management, Udaipur, Vijayawada, West Bengal

Setting up of new major ports in the states of West Bengal and Andhra Pradesh

The Cabinet Committee on Economic Affairs (CCEA) today approved the proposal of the Ministry of Shipping for: (i) setting up a new major port at Sagar Island in West Bengal through the Public Private Partnership (PPP) mode by following the extant procedures for project appraisal/approval, including obtaining environmental clearances, etc. (ii) appointing the transaction advisers… Read More

Tags: Andhra Pradesh, Council for the Curriculum Examinations & Assessment, Haldia, Hooghly River, Publicâ€“private partnership, Sagar Island, Visakhapatnam Port, West Bengal

Ministry Statement on CCEA approval regarding revival of five closed units of FCIL

The Union Minister of State (Independent Charge) for Chemicals & Fertilizers and Statistics & Programme Implementation, Shri Srikant Kumar Jena said that the Cabinet Committee on Economic Affairs yesterday cleared the recommendations of Empowered Committee of Secretaries for revival of five units of Fertilizer Corporation of India Ltd. (FCIL) at Sindri, Talcher, Ramagundam, Gorakhpur &… Read More

Tags: Chhattisgarh, FCIL, Government of India, Minister of State, Odisha, Ramagundam, Talcher, West Bengal

Incentives Given for Business Units in SEZs

The fiscal concessions and duty benefits allowed to SEZs are in built into the SEZs Act, 2005 and Rules framedthereunder. These exemptions are uniformly applicable to all SEZs and are primarily in the nature of incentives for export and are consistent with the principles that guide export promotion initiatives of the Government in general. Since… Read More

Tags: Andhra Pradesh, Export, Government, Madhya Pradesh, Minister of State, SEZ, Special Economic Zone, West Bengal

CLR Snippets | Work Commences on Six Greenfield Airports

The Minister of State for Civil Aviation, Shri K.C. Venugopal informed Lok Sabha today that construction at various airports including Aranmula airport project has not stopped. The Government of India has granted `in principle` approval for setting up of 15 Greenfield airports across the country out of which, physical work at 6 airports namely, Gulbarga,… Read More

Tags: Aranmula, Government of India, Gulbarga, Kerala, Lok Sabha, Pakyong, Shimoga, West Bengal

Package for Tea and Coffee Growers

The Tea and Coffee Board had made a comprehensive analysis of the problems of the small tea and coffee growers in the country. In the tea sector, more than 2 lakh growers are involved and they are concentrated in the states of Assam, West Bengal, Tamil Nadu, Kerala, Tripura and Himachal Pradesh. Of late, small… Read More

Tags: Arunachal Pradesh, Himachal Pradesh, Manipur, Meghalaya, Mizoram, Nagaland, Tamil Nadu, West Bengal