Page 2 - Mca

MCA revises thresholds for mergers and amalgamation under Competition Act

Merger transactions with acquisition targets having assets under Rs 450 cr or turnover below Rs 1,250 cr are exempt from CCI approval

Initial penalties on cos won't be on global turnover: CCI's new guidelines

The penalty for anti-competitive practices will not initially be imposed on global and total turnover but adjusted over the penalty calculated on the relevant turnover of the company

Edtech major Byju's, investors slug it out in NCLT over rights issue

NCLT has directed the parties to file written submissions of their contentions in three days. It has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC)

MCA probing some loan apps over allegations of violating Company Law

Many gullible borrowers are often defrauded of their money by fraudulent loan apps

MCA calls for speeding up edtech company Byju's inspection report

The edtech company's financial disclosures had also come under the Institute of Chartered Accountants of India's (ICAI's) scanner because of a 22-month delay in submission of financial reports

MCA, Meta to curb AI-generated misinformation with WhatsApp helpline

The Misinformation Combat Alliance (MCA) and Meta have announced that a dedicated fact-checking helpline on WhatsApp - aimed at combating deepfakes and deceptive AI-generated content - will be available for the public in March 2024. The pledge to crack down on deepfakes comes at a time when the world's largest democracy is preparing for general elections. The Lok Sabha elections are due in April-May this year. "The Misinformation Combat Alliance (MCA) and Meta are working on launching a dedicated fact-checking helpline on WhatsApp in an effort to combat media generated using artificial intelligence (AI) which may deceive people on matters of public importance, commonly known as deepfakes, and help people connect with verified and credible information," according to a release. The helpline will be available for the public to use in March 2024, it added. MCA is a cross-industry alliance bringing companies, organisations, institutions, industry associations and entities together to ..

Indian startup ecosystem welcomes MCA's performance review of CCI

The Finance and Corporate Affairs Minister, Nirmala Sitharaman, is likely to convene a meeting in this regard this month

MCA launches framework for self-governing standards on fact-checking

A framework for trusted fact-checkers in India has been under discussion for over 10 months

Byju's core business sees 2.3x revenue growth, Rs 2,253 cr net loss in FY22

The financials revealed by Byju's are based on an 'unqualified FY22 audit'; it will file the financials with MCA in the next few weeks, according to the sources

Corporate exits under C-PACE now in 100 days instead of 180 days: MCA secy

In her Budget speech last year, Finance Minister Nirmala Sitharaman had introduced the inception of C-PACE for the 2022-23 fiscal year

DGCA fills 27% of newly created positions amid expansion of airlines: MoCA

The expansion comes in response to the rapidly growing fleets of airlines such as IndiGo and Air India

Regional rural banks merger unlikely to happen in current financial year

The exemption dispensation from prior scrutiny and approval of CCI would be available for five years, the Corporate Affairs Ministry (MCA) said

Corporate Affairs ministry examines Sebi's allegations against Zee Ent

However, the MCA has not issued an inspection order, the report added

MCA considering easing moratorium rules in IBC for certain sectors

Section 14 of the IBC declares a moratorium on proceedings, transfer or disposal of any of the assets of the company from the date of commencement of its insolvency

Corp affairs sec to hold stakeholders' consultations on MCA21 portal issues

The Ministry of Corporate Affairs will hold consultations with stakeholders on issues related to MCA21 portal in Chennai and Hyderabad next week. The move comes amid stakeholders facing various issues with respect to the portal, which is the key platform for submitting statutory filings under the companies law. In a series of tweets on Sunday, the ministry said the secretary will hold consultations with stakeholders in Chennai on June 20 and in Hyderabad on June 21. "Secretary @MCA21India will hold stakeholders' consultations, along with the team of @LTIMindtreeOFCL @theicai and @icsi_cs at Chennai on 20th June and at Hyderabad on 21st June on the issues relating to the MCA-21 Version-3 Portal. @nsitharamanoffc," it said in a tweet. Manoj Govil is the corporate affairs secretary. Filings under the companies law and the limited liability partnership law are submitted to the ministry through the MCA21 portal.

Right to Repair: how to access it, what it covers, and consumer benefits

Everything you need to know about the MCA's new portal Right to Repair and how it can increase the shelf life of your electronic devices

MCA portal sees 20 times increase in number of authenticated users

A key feature of the portal is to identify the transactions by linking each user ID with PAN number

Govt extends deadline to apply for CCI chief's post till March 27

The Ministry of Corporate Affairs (MCA) has extended the deadline for submitting applications for the post of Chairperson of the Competition Commission of India (CCI) till March 27. Earlier, the deadline to submit the applications was March 9. The last date for receipt of application has been extended up to 27th March 2023, according to a notice issued by the MCA on Monday. "The candidates who had applied earlier in response to the previous advertisement/ vacancy circular dated 26th July, 2022 inviting applications for the post of Chairperson need not apply," the notice said. Last month, the government had invited applications for the post of Chairperson of the fair-trade regulator. The post has been lying vacant since October 25. Sangeeta Verma, a CCI member, has been the acting chairperson since October last year. Recently, her tenure was extended by the central government for three months. CCI keeps a tab on anti-competitive practices across sectors in the market place and al

Centre invites Big Tech, start-ups to discuss digital competition law

Big Tech companies have been asked to come separately on March 11 to make suggestions on the digital competition law

RoC to check GoMechanic's books amid allegations of irregularities: Report

According to the Companies Act, Section 264 (4), the RoC has the authority to conduct an inquiry into the affairs of a company in line with directions from the Ministry of Corporate Affairs (MCA)