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Corporate Laws

Govt mandates Physical Verification of Address while Company Formation [Read Notification]

Taxscan Team

In a significant amendment, the Ministry of Corporate Affairs (MCA), while notifying Companies (Incorporation) Third Amendment Rules, 2022, has...

MCA issues Frequently Asked Questions (FAQs) V3 Company Forms

MCA Simplifies Procedure for PAN application & allotment for Incorporating LLPs [Read Circular]

IBBI disposes off 6,172 Complaints and Grievances out of 6,231 against Service Providers under IBC

4,32,796 Companies struck off down during last 5 years

Default Debt includes Principal and Interest on delayed payment: NCLAT [Read Order]

The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) comprising of Justice Ashok Bhushan, Justice M. Satyanarayana Murthy, Member (Judicial), and Naresh Salecha, Member...

NCLT rejects Amazon's intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]

The Delhi bench of the National Company Law Tribunal (NCLT) rejected Amazon’s intervention application on insolvency proceedings against Future Retail Ltd and ordered insolvency resolution...

1,67,080 Companies registered in FY 2021-22 as compared to 1,55,377 in FY 2020-21

The Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh has stated that, 1,67,080 companies registered in FY 2021-22 as compared to 1,55,377 in FY 2020-21. Limited Liability...

MCA issues Clarification on Spending CSR Funds for 'Har Ghar Tiranga' Campaign [Read Circular]

The Ministry of Corporate Affairs (MCA) has issued a clarification on spending corporate social responsibility (CSR) funds for "Har Ghar Tiranga" campaign. 'Har Ghar Tiranga', a campaign...

Mr. Jayanti Prasad appointed as Whole Time Member of IBBI [Read Notification]

The Central Government has appointed Mr. Jayanti Prasad as a Whole time Member of the Insolvency and Bankruptcy Board of India (IBBI) for five years. A notification issued by the Government on...

IBBI to conduct Disciplinary Proceedings against IPA as per IBBI (Inspection & Investigation) Regulations, 2017 [Read Notification]

The Insolvency and Bankruptcy Board of India (IBBI) notified on Tuesday that disciplinary proceedings against IPA are to be conducted as per IBBI (Inspection & Investigation) Regulations, 2017. ...

Govt. notifies Constitution of Financial Services Institutions Bureau for Board-level Appointments in PSBs and Financial Institutions [Read Notification]

The Ministry of Finance has notified the establishment of a Financial Services Institutions Bureau (FSIB) for the purpose of recommending persons for appointment as whole-time directors and...

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