Page 51 - Ruchika Chitravanshi

NFRA aligning to global standards but industry awaits more clarity

Experts want the authority to set some limit on the time it would spend on on-site visits

Consulting firms stepping up to build stronger cyber armour for businesses

Cyber threats, especially ransomware, have spiked in the past 12-18 months largely due to the highly digitised post-pandemic economy. Some experts have pegged the rise at 38% over pre-pandemic levels

Raids on Kalrock Capital's investor: Jet Airways hopes to escape unhurt

The sources said that the raids are on an individual and do not amount to culpability. Also, the investor in the consortium is the PE fund and not an individual

NFRA issues inspection guidelines to improve quality control at audit firms

Inspections will consist of firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards

Active companies in India close to 15,00,000, registrations fall in Sept

The Finance sector showed a small rise of 0.9 per cent in the number of active companies

IBBI rescinds 11 circulars issued from 2018 to 2021 to avoid duplication

Contents of these circulars have already been included subsequently in updated regulations issued by the IBBI

15 new judicial and technical members appointed for NCLT benches

The tribunal has a total sanctioned strength of 63 members and 28 benches

CCI needs an update to ensure fair play in digital economy, say experts

New Bill, better training will help anti-trust regulator perform better, they add

How IBBI's tighter compliance rules for resolution professionals will help

Insolvency professional agencies will have to designate/appoint a compliance officer

CCI puts AGI Greenpac's acquisition of HNG on hold, seeks more details

On the CCI website, the notice filed by AGI Greenpac on September 27 regarding the acquisition, has been marked as 'Notice Not Valid'

Glitches in MCA portal: CAs, CS seek extension in annual filing deadline

They were protesting against glitches in the MCA portal

India Inc moves to Dubai in droves as emirate eases ownership rules

The CEPA aims to boost India-UAE bilateral trade to $100 billion in goods in the coming five years

NFRA warns auditors against non-accrual of interest on NPA borrowings

Mere classification of a firm's loans as NPAs by lender banks does not relieve the borrower from its liability towards payment of interest or the principal, the authority says

Hindusthan National Glass lenders vote in favour of AGI Greenpac's plan

The voting on the resolution plans concluded on Thursday evening

SC order puts 'charity' in charitable education institutes back in focus

Possible loss of tax exemption for educational institutions that are making profits puts the question of charity back in focus

After Rs 1,338-cr penalty on Google, CCI speeds up Apple antitrust case

Apple's restrictions prima facie result in denial of market access for potential app developers and distributors

Consultancy companies doubling capacity in sustainability divisions

According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants

66% CEOs in India expect recession in 2023; layoffs on the cards

Eighty-six per cent CEOs in India, compared to 71 per cent CEOs globally, predict that a recession will impact company earnings by up to 10 per cent over the next 12 months.

MCA planning to shift all company forms to new portal by December

Currently only nine forms are to be filled on the new version, ministry officials cite surge in company submissions on version 3

CCI urges self regulation for film industry, wants end to bans and boycotts

Implementation of a box office monitoring system, sharing of promotion cost by multiplexes, phasing out the virtual print fee are among other suggestions made by antitrust watchdog