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ITC Board accords in-principle approval to demerge hotels business into a new entity The Board of Directors of ITC Limited on Monday evaluated and discussed various alternative structures for the Hotels Business towards crafting the next horizon of growth as also enhancing value creation for all stakeholders. In the meeting, the Board noted that the Company's Hotels Business has matured over the years and is well poised to chart its own growth path as a separate entity in the fast- growing hospitality industry with sharper focus on the business and an optimal capital s...
ITC Board accords in-principle approval to demerge hotels business into a new entity
ITC Board accords in-principle approval to demerge hotels business into a new entity
Source: IANS
24/07/2023 3:38:47 PM
Arihant Foundations soars on getting nod to incorporate wholly owned subsidiary Arihant Foundations & Housing is currently trading at Rs. 56.70, up by 2.69 points or 4.98% from its previous closing of Rs. 54.01 on the BSE. The scrip opened at Rs. 55.24 and has touched a high and low of Rs. 56.71 and Rs. 55.24 respectively. So far 1561 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.59 on 04-Jul-2023 and a 52 week low of Rs. 29.90 on 28-Jul-2022. Last one week high and low of the sc...
Arihant Foundations soars on getting nod to incorporate wholly owned subsidiary
Arihant Foundations soars on getting nod to incorporate wholly owned subsidiary
Source: Accord Fintech
24/07/2023 10:29:12 AM
Amended Schedule III to the Companies Act 2013 and CARO 2020- An Overview The Corporate Affairs Committee of PHDCCI organised the Workshop on Amended Schedule III to the Companies Act 2013 and CARO 2020 on 23 March 2023 at PHD House, New Delhi. Mr Sameet Gambhir, Co-Chair, Corporate Affairs Committee welcomed the esteemed speakers and the delegates. He said that in light of several companies falling prey to corporate fraud and scams, the Ministry of Corporate Affairs (MCA) has increased the responsibilities of auditors. As part of this effort to promote transparenc...
Amended Schedule III to the Companies Act 2013 and CARO 2020- An Overview
Amended Schedule III to the Companies Act 2013 and CARO 2020- An Overview
Source: PR Agency
27/03/2023 12:14:30 PM
MG Motor says India sought clarifications on losses for first year in country MG Motor India, owned by China's SAIC Motor, said the Indian government sent a notice asking for the reason for the automaker's losses in 2019-2020, its first year of operations in the country, a move that Bloomberg reported was over alleged financial irregularities. India's Ministry of Corporate Affairs started the probe after an analysis of MG Motor India's statements indicated suspicious related-party transactions, alleged tax evasion, under- and over-invoicing of bills ...
MG Motor says India sought clarifications on losses for first year in country
MG Motor says India sought clarifications on losses for first year in country
Source: Reuters
1/11/2022 2:39:59 PM
Board of Ircon International approves appointment of Government Nominee Director The Board of Ircon International at its meeting held on 23 September 2022 approved the appointment of Ram Prakash (DIN: 09746225) as the Government Nominee (Part-Time Official) Director (Additional Director) on the Board of the Company w.e.f. date of allotment of DIN by the Ministry of Corporate Affairs i.e. 23 September 2022, till he holds the post of Additional Member (RE) and/or Additional Member (Planning), Railway Board or further orders, whichever is earlier.
Board of Ircon International approves appointment of Government Nominee Director
Board of Ircon International approves appointment of Government Nominee Director
Source: Accord Fintech
26/09/2022 12:24:19 PM
Shreeji Translogistics trades higher on incorporating subsidiary 'TKD Digitrans Tech' Shreeji Translogistics is currently trading at Rs. 301.00, up by 4.85 points or 1.64% from its previous closing of Rs. 296.15 on the BSE. The scrip opened at Rs. 315.00 and has touched a high and low of Rs. 315.00 and Rs. 297.85 respectively. So far 4443 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 351.95 on 17-Aug-2022 and a 52 week low of Rs. 43.50 on 01-Oct-2021. Last one week high and low of the scrip st...
Shreeji Translogistics trades higher on incorporating subsidiary 'TKD Digitrans Tech'
Shreeji Translogistics trades higher on incorporating subsidiary 'TKD Digitrans Tech'
Source: Accord Fintech
19/09/2022 9:44:35 AM
MCA raises threshold for paid up capital of small companies In order to further improve the ease of doing business, the Ministry of Corporate Affairs (MCA) has yet again revised the threshold limit for paid-up capital of small companies. Earlier, the definition of small companies under the Companies Act, 2013 was revised by increasing their thresholds for paid-up capital from not exceeding Rs 50 lakh to not exceeding Rs 2 crore and turnover from not exceeding Rs 2 crore to not exceeding Rs 20 crore. It stated this definition has, now, been further ...
MCA raises threshold for paid up capital of small companies
MCA raises threshold for paid up capital of small companies
Source: IANS
16/09/2022 2:12:21 PM
Centre revises threshold for paid up capital of small companies  Aiming to facilitate the ease of doing business and reduce compliance burden on small companies, the Ministry of Corporate Affairs has revised the threshold for paid up capital for such companies. The government has taken several measures in the recent past towards ease of doing business and ease of living for the corporations. These included decriminalisation of various provisions of the Companies Act, 2013 & the LLP Act, 2008, extending fast track mergers to startups, incentivi...
Centre revises threshold for paid up capital of small companies
Centre revises threshold for paid up capital of small companies
Source: IANS
16/09/2022 11:09:24 AM
Indrayani Biotech hits new 52-week high on the bourses Indrayani Biotech is currently trading at Rs. 105.40, up by 5.00 points or 4.98% from its previous closing of Rs. 100.40 on the BSE. The scrip opened at Rs. 99.90 and has touched a high and low of Rs. 105.40 and Rs. 98.90 respectively. So far 439789 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 105.40 on 14-Sep-2022 and a 52 week low of Rs. 18.40 on 03-Mar-2022. Last one week high and low of the scrip stood a...
Indrayani Biotech hits new 52-week high on the bourses
Indrayani Biotech hits new 52-week high on the bourses
Source: Accord Fintech
14/09/2022 2:59:51 PM
BYJU's long delay in FY21 audit report filing alarms govt, company mum India's most-valuable startup BYJU's is facing larger scrutiny from the government as it has failed to submit its audited financial report from Deloitte for the financial year 2021 even after more than 17 months. Insider company sources told IANS that the report is expected anytime soon, may be next week, but the long delay has now alarmed the Ministry of Corporate Affairs (MCA). According to sources, the ministry sent a letter to BYJU's earlier this month, asking the $22 bi...
BYJU's long delay in FY21 audit report filing alarms govt, company mum
BYJU's long delay in FY21 audit report filing alarms govt, company mum
Source: IANS
26/08/2022 11:50:42 AM
Revenue Secretary Tarun Bajaj gets addl charge of Corporate Affairs Secretary Tarun Bajaj, Revenue Secretary, has been given an additional charge of secretary at the Union Ministry of Corporate Affairs. "The Competent Authority has approved assignment of additional charge of the post of Secretary, Ministry of Corporate Affairs to Tarun Bajaj, lAS (HY:1988), Secretary, Department of Revenue, Ministry of Finance with immediate effect and till the appointment of a regular incumbent or until further orders, whichever is earlier," said an order issued by the Ap...
Revenue Secretary Tarun Bajaj gets addl charge of Corporate Affairs Secretary
Revenue Secretary Tarun Bajaj gets addl charge of Corporate Affairs Secretary
Source: IANS
22/08/2022 3:43:08 PM
India's growth story continues despite Covid; more people turning into 'job creators' Various waves of the Covid pandemic could not sweep off India's growth story completely. Showing resilience India has registered 1.67 lakh companies in the financial year 2021-22 (April-March), according to a report by Ministry of Corporate Affairs (MCA). The increase is significant considering that number of companies incorporated during Financial Year 2020-21 were the highest in any of the previous years. The MCA had registered 1.55 lakh companies in 2020-2021. The incorporations ...
India's growth story continues despite Covid; more people turning into 'job creators'
India's growth story continues despite Covid; more people turning into 'job creators'
Source: IANS
21/04/2022 9:13:26 AM