Ministry Of Corporate Affairs

The IL&FS resolution has delivered higher-than-expected recoveries for lenders while triggering key changes in India's insolvency framework, corporate regulation and laws governing business conduct

In a stinging remark, the Supreme Court on Thursday orally remarked that the Ministry of Corporate Affairs has completely hijacked the National Company Law Tribunal and its appellate body, NCLAT. While calling for autonomy for the NCLT and NCLAT presidents over appointments, a bench comprising Chief Justice Surya Kant, Justices Joymalya Bagchi and V Mohana suggested deputation as an interim measure and phased regular recruitment through UPSC or SSC. "I know how contractors play their hands. They don't care about judicial/technical members. Complete autonomy must be with presidents. They can take UPSC/SSC. The tribunal has been completely hijacked by the Ministry of Corporate Affairs. That is impinging on the autonomy of the institution. That's the problem. The ministry wants to have complete grip; that's most unfortunate," CJI orally remarked. The observations were made while hearing a petition filed by contractual employees working in the NCLT and National Company Law Appellate ...

MCA extends FY26 filing deadlines to December 31 for financial statements and January 31 for annual returns, waiving additional fees amid concerns over portal glitches

The Centre is consulting stakeholders on a revamp of the filing architecture under the Companies Act, 2013. Here are five changes being considered and what they could mean for companies

Sebi has asked the Ministry of Corporate Affairs to recognise the issuance and holding of fractional shares, which could widen investment options for retail investors

The competition watchdog could be left with only two members, potentially affecting antitrust proceedings even as merger clearances may continue under the doctrine of necessity

The Ministry of Corporate Affairs has amended CSR rules to allow companies to route funds through social stock exchanges, expanding funding options for eligible not-for-profit organisations

The committee had already met MCA, CCI on commitment regulations on March 10

MCA plans AI-based green channel for company name approvals with confidence ratings, aiming to reduce processing time to under a day and improve transparency

Some ministries are over 45% short of revised estimates

Despite large Budget allocations for PMIS and ELI, uptake remains low due to design issues, wage concerns and limited reach beyond big firms, prompting calls for a rethink

The Ministry of Corporate Affairs is set to propose a Corporate Amendment Bill covering changes in the Companies Act and LLP Act, with a focus on easing compliance and processes for businesses

The corporate affairs ministry has moved a proposal to tweak age limits and internship duration in the PM Internship Scheme pilot to improve participation ahead of a full rollout

The exemption under Section 3 lapsed in 2021; the ministry's October 2024 draft proposed a three-year dispensation with conditions on Indian-flag vessels and space for Indian NVOCCs

MCA has relaxed KYC norms for company directors, cutting the filing frequency to once every three years while mandating updates within 30 days of any change in personal details

The labour ministry has extended the SPREE 2025 deadline to January 31, 2026 after requests from employers and state governments, keeping 'no past dues' and no inspections benefit

The MCA has extended the annual filing deadline by a month to January 31, 2026, with no additional fee, after professionals flagged persistent glitches on the V3 portal

Union Finance Minister Nirmala Sitharaman, along with Union Minister of State for Corporate Affairs Harsh Malhotra, chaired the 'Chintan Shivir' of the Ministry of Finance and the Ministry of Corporate Affairs here on Saturday. According to an official statement, all Secretaries of the Ministry of Finance and the Ministry of Corporate Affairs, Chairmen of Central Board of Direct Taxes (CBDT) and Central Board of Indirect Taxes and Customs (CBIC), and the Chief Economic Adviser to the Government of India were also present at the brainstorming session. Senior officers from the Ministry of Finance and the Ministry of Corporate Affairs, and associated departments also attended the event. In a session on "AI, Ease of Doing Business and Financing for Viksit Bharat", the discussions focused on strengthening institutional capacity and policymaking through the use of artificial intelligence, technology-enabled systems, and process reforms to improve Ease of Doing Business. "Deliberations .

SC criticised Sebi, the CBI and the MCA for inconsistent and passive handling of allegations against IHFL, now Sammaan Capital, and directed coordinated action and fresh affidavits in the case

MCA finalises cabinet note; Bill to streamline rules, permit multi-disciplinary firms and widen NFRA's powers