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Government mulling regulatory measures for startups The government is learnt to be mulling applying stricter regulations on startups through a panel, according to reports. The Corporate Affairs Ministry panel, known as the Company Law Committee (CLC), formed in 2019, is likely to look into the possibility of having regulatory measures for startups, reports said. The need for having a regulatory regime for startups is being felt amid instances of concerns been raised over issues related to corporate governance in such entities, reports sa...
Government mulling regulatory measures for startups
Government mulling regulatory measures for startups
Source: IANS
31/07/2023 11:28:37 AM
Total 6,199 Corporate Insolvency Resolution Process started, 611 successful: Government Since the provisions relating to Corporate Insolvency Resolution Process (CIRP) came into force on December 1, 2016, a total of 6,199 CIRPs have started, as on the end of December 2022, the Parliament was informed on Tuesday. As of December 2022, 611 CIRPs have resulted in resolution, where the creditors have recovered 30.40 per cent of their admitted claims, Minister of State for Corporate Affairs, Rao Inderjit Singh told the Rajya Sabha in a written reply to a question seeking to know th...
Total 6,199 Corporate Insolvency Resolution Process started, 611 successful: Government
Total 6,199 Corporate Insolvency Resolution Process started, 611 successful: Government
Source: IANS
22/03/2023 9:16:51 AM
Shock-absorbing capabilities of Indian retail investors is the silver lining On June 7, Finance Minister Nirmala Sitharaman, while speaking at an event of the Corporate Affairs Ministry as part of the 'Azadi ka Amrit Mahotsav', had said that retail investors seemed to act as "shock absorbers" even when foreign portfolio investors kept their bets away from the Indian equity segment. "Retail investors seem to act like shock absorbers... Even if FPIs went away, our markets did not really have to show their ups and downs in a very distinct way be...
Shock-absorbing capabilities of Indian retail investors is the silver lining
Shock-absorbing capabilities of Indian retail investors is the silver lining
Source: IANS
19/06/2022 12:16:52 PM
Ministry of Corporate Affairs registers 1.55 lakh company incorporations in FY21 The Ministry of Corporate Affairs (MCA) registered more than 1.55 lakh company incorporations in FY 2020-21. The registration of companies increased 27 per cent compared to 1.22 lakh companies in FY 2019-20, said an official statement. Similarly, 42,186 limited liability partnerships (LLPs) got incorporated in the last fiscal as against 36,176 in the previous fiscal, an increase of about 17 per cent. The increase is significant considering the unprecedented situation faced by the countr...
Ministry of Corporate Affairs registers 1.55 lakh company incorporations in FY21
Ministry of Corporate Affairs registers 1.55 lakh company incorporations in FY21
Source: IANS
2/04/2021 9:56:33 AM
3.8L shell companies identified, struck off during FY18-20 The Ministry of Corporate Affairs (MCA) has identified and struck off over 3.8 lakh shell companies during FY18-20. In a reply to the Rajya Sabha, Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur stated that there is no definition of the term "shell company" in the Companies Act, 2013. It normally refers to a company without active business operation or significant assets, which in some cases are used for illegal purposes such as tax evasion, money laun...
3.8L shell companies identified, struck off during FY18-20
3.8L shell companies identified, struck off during FY18-20
Source: IANS
10/03/2021 12:04:48 PM