Page-2 of Companies Act 2013
Steps taken to provide Ease of Doing Business in India
The Ministry of Corporate Affairs (MCA) has taken several landmark decisions and initiatives during this year with the objective of providing greater Ease of Doing Business to all stakeholders and to further enhance the efficiency of the processes under the ..
National Financial Reporting Authority submits first report since constitution
The National Financial Reporting Authority (NFRA) issued its first audit report of IL&FS Financial Services Limited for the year 2017-18. It is the first report submitted by the authority since its constitution in October 2018. The audit was conducted abiding ..
Month: Current Affairs - December, 2019
Education sector received the maximum CSR funds from 2014-15 to 2017-18
The Union Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur in a written reply to Rajya Sabha on Tuesday, 10th December 2019 informed that the Educational sector has received the maximum Corporate social responsibility(CSR) spent during the ..
IRCTC Revenue doubles; 14% increase in profits
The earnings from internet ticketing services of IRCTC (Indian Railway Catering and Tourism Corporation) increased by 80.8% between the period April, 2019 and September, 2019. The earnings in the four-month period is Rs 199.3 crores. It was Rs 199.3 crore ..
Month: Current Affairs - November, 2019
Committee on Companies Act, 2013 submits its report to Finance Ministry
Ministry of Finance and Corporate Affairs constituted the Company Law Committee in September 2019. The Committee submitted its report to the Finance Minister on November 18, 2019. Objective of the Committee The Committee was constituted to decriminalize the Companies Act, ..
Month: Current Affairs - November, 2019
The amendment of Companies Act, 2013
The Companies Act, 2013 was passed by the Indian Parliament to consolidate and amend the law relating to companies. What is the Companies Act, 2013? It regulates the incorporation of a company, the responsibilities of a company. appointment of directors ..
NALCO to get President’s award for excellent CSR in social development
National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President’s award for utilisation of Corporate Social Responsibility (CSR) fund in social development. NALCO was selected for its Aliali Jhia Scheme. About Aliali Jhia In 2015 NALCO ..
Month: Current Affairs - June, 2019
Government plans introducing AI system in MCA 21 portal
The Ministry of Corporate Affairs (MCA) has laid out its plans to introduce artificial intelligence (AI) system in its MCA 21 portal. It will be introduced when Ministry will roll out the Version 3 of the MCA 21. Key Highlights ..
Month: Current Affairs - May, 2019
Government promulgates Companies (Amendment) Ordinance, 2019
The government has re-promulgated the Companies (Amendment) Ordinance, 2019 to amend the Companies Act 2013. Even though the Companies (Amendment) Bill, 2018 for this effect was passed in Lok Sabha, it was pending before Rajya Sabha. The ordinance was first ..
Month: Current Affairs - January, 2019
Lok Sabha Passes the Companies (Amendment) Bill, 2018
The Lok Sabha has passed the Companies (Amendment) Bill, 2018. The bill aims to amend the Companies Act, 2013. The bill would replace the ordinance promulgated on November 2018. Features of the Companies (Amendment) Bill, 2018 The features of the ..