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Govt to observe annual 'India Corporate Week'17-NOV-09
Beginning this December, the Ministry of Corporate Affairs will observe the third week of the month every year as “India Corporate Week”.
Dalmia-owned GHCL postpones board meeting15-NOV-09
Sanjay Dalmia-owned Gujarat Heavy Chemicals (GHCL), a major producer of soda ash, has postponed its board meeting scheduled for today.
Govt asks SFIO to start prosecution in Satyam case13-NOV-09
The government today asked investigating agency Serious Fraud Investigation Office (SFIO) to initiate prosecution proceedings against persons involved in Satyam accounting fraud and partners of Price Waterhouse, the auditors of the IT company.
NMDC-SIIL merger likely by January12-NOV-09
The country's largest iron ore producer NMDC expects the proposed merger of secondary steel maker SIIL with itself to take place in January, after it gets the Corporate Affairs Ministry's clearance.
M&A law impact on ongoing mergers to be minimal: MCA10-NOV-09
The Ministry of Corporate Affairs will ensure that the notification of Sections 5 and 6 of the Competition Act, which pertain to mergers and acquisitions (M&As), will have minimal impact on the ongoing merger or acquisition deals.
MCA to track unusual performance06-NOV-09
The Ministry of Corporate Affairs (MCA) is putting a structure in place to ensure companies do not resort to fraud, said minister Salman Khurshid.
'No cap on CEO's salaries in new Companies Bill'05-NOV-09
Minister of State for Corporate Affairs Salman Khurshid said today here that the government did not try to control salaries of the CEOs, as it should be decided by the shareholders.
MCA's new motto: Friend first, regulator later04-NOV-09
Ministry moves to cut subjectivity in decision making, delegates more powers to Registrar of Companies.
Govt finalising scheme to give jobs to poor, minorities21-OCT-09
The government in collaboration with the private sector is finalising a scheme to provide employment to the poor and minorities, Corporate Affairs Minister Salman Khursheed said today.
Central UP to get 3,500-Mw plant03-OCT-09
Power-starved region of central Uttar Pradesh may get relieved from the exigencies of prolonged power failures soon.
SFIO to be armed with additional powers02-OCT-09
The government is likely to arm SFIO, an investigating wing of the Corporate Affairs Ministry, with powers to interrogate and seize documents among others, following the complaints that it faced problems in probing the multi-crore Satyam accounting fraud.
Whistle-blowers deserve protection: Khurshid01-OCT-09
People who blow the whistle on scams or wrongdoings in companies need official protection, but regrettably there is no structure in place to encourage them to do so, feels Corporate Affairs Minister Salman Khurshid.
MCA to scrutinise accounts of registered firms29-SEP-09
To outsource work; priority on actively-traded, listed companies.
Roadmap under preparation to meet IFRS deadline22-SEP-09
With the April 1, 2011, deadline for implementation of International Financial Reporting Standards (IFRS) getting closer, efforts are being stepped up in India to meet the deadline.
'Pledging of shares allowed us to save Maytas Infra'22-SEP-09
The Satyam scam will not deter the corporate affairs ministry from going ahead with its plans to de-regulate the corporate sector. The proposed Companies Bill, 2009, which is under the consideration of a parliamentary committee, will not have any major Satyam-triggered changes, according to Corporate Affairs Minister SALMAN KHURSHID. In an interview with Joe C Mathew, the minister gives an overview of his plans for the ministry and various autonomous institutions attached to it.
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