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Business done by Hindustan Aeronautics Limited (HAL)

Business done by HAL in last ten years is as under:- Rs. In Crore Particulars 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 Revenue from Operations 13124 14211 14328 15135 15730 16758 17950 18519 20008 21438 Profit before tax 2839 3328 3497 3578 3172 3207 3583 3240 3742 3928 The list of defence equipment manufactured by HAL is ...

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Sanction for prosecution accorded in 366 cases in violation of CSR provisions

Whenever any violation of CSR provisions is reported, action against such non-compliant Companies are initiated as per provisions of the Act after due examination of records and following due process of law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today. ...

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1,38,051 new companies registered from April 2020 to February 2021

The Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur said that 1,38,051 new companies registered in the current Financial Year from April 2020 to February 2021 while  10,113 of Companies have been struck off by invoking the Provisions of section 248 of the Companies Act, 2013 from April 2020 to February 2021. This the Minister stated in ...

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Bankrupt Companies after lockdown was imposed due to COVID-19 pandemic

As per information from Insolvency and Bankruptcy Board of India (IBBI), details for the period from 01.04.2020 to 31.12.2020 of the number of companies declared bankrupt in the country after the lockdown was imposed due to COVID-19 pandemic is as under: 283 firms were admitted into corporate insolvency resolution process (CIRP). 76 CIRPs ended in resolution, 128 CIRPs were closed ...

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Competition Commission of India organises Sixth Edition of National Conference on Economics of Competition Law

The Competition Commission of India (CCI) here today organised the Sixth National Conference on Economics of Competition Law through virtual mode. Shri N. K. Singh, Chairman, Fifteenth Finance Commission was the Keynote Speaker at the Conference. Mr Ashok Kumar Gupta, Chairperson, CCI, delivered the Special Address at the Inaugural Session and Dr. Sangeeta Verma, Member, CCI opened the Conference with ...

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CCI approves acquisition by Bank of India (BOI) of BOI AXA Investment Managers Private Limited and BOI AXA Trustee Services Private Limited

The Competition Commission of India (CCI) approves acquisition by Bank of India (“BOI”) of BOI AXA Investment Managers Private Limited (“BOIAXA IM”) and BOI AXA Trustee Services Private Limited (“BOIAXA TS”) under Section 31(1) of the Competition Act, 2002, today. The proposed combination involves the acquisition of 49 % of the total share capital of BOI AXA IM & BOI ...

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CCI approves subscription to securities of Ecom Express Private Limited by CDC Group plc.

The Competition Commission of India (CCI) approves subscription to securities of Ecom Express Private Limited by CDC Group plc. The proposed combination envisages subscription tosecurities of Ecom Express Private Limited(Ecom) by CDC Group plc. (CDC). CDCis a Development Finance Institution, wholly owned by the UK Government, which provides capital to private sector entrepreneurs in developing countries. Ecom, a company incorporated ...

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Incorporation of Companies in current fiscal increased 21% as compared to corresponding period in previous fiscal

The number of companies incorporated from April, 2020 till December, 2020 (COVID 19 period) in the Financial Year 2020-21 (till 31-12-2020) compared to corresponding period from April, 2019 to December, 2019 in the Financial Year 2019-20 (till 31-12-2019) has actually increased by about 21% as is evident from the following details: Number of New Companies Incorporated Increase in percentage (%) ...

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4,73,131 number of Indian Companies and 1,065 number of Foreign Companies have been benefited by availing the Companies Fresh Start Scheme (CFSS), 2020

As per records available with the Ministry of Corporate Affairs (MCA), 4,73,131 number of Indian Companies and 1,065 number of Foreign Companies have been benefited by availing the Companies Fresh Start Scheme (CFSS), 2020 for filing their pending documents. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs in a written reply to ...

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MCA initiates process of De-criminalisation of compoundable offences under Limited Liability Act,2008

With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of criminal prosecutions for non- substantive minor and procedural omissions and commissions in the normal course of their business transactions, the Government of India in the Ministry of Corporate Affairs (MCA) decided to initiate the process of decriminalization of compoundable offences under the limited ...

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