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JSPL continues its effort to support the Fight against COVID-19

With an objective to support the district administration, government and the local community to fight against COVID-19, Jindal Steel & Power Ltd (JSPL) has been continuing to undertake multi-dimensional intervention during the last four months. Through its CSR Arm, JSPL Foundation, led by its Chairperson Smt. Shallu Jindal, the Company has been closely collaborating with the District Administration as well ...

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CCI invites public comments regarding examination of non-compete restrictions under regulation of combinations

The Competition Commission of India (CCI) has been looking at non-compete restrictions stipulated in mergers and acquisitions while reviewing combinations. Notifying parties are required to furnish information on non-compete restrictions for the purpose of its examination. The CCI has issued a Guidance Note explaining the circumstances under which a non-compete restriction would be regarded as ‘ancillary’ or ‘not ancillary’. The ...

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NLC India Limited, a Navratna Public Enterprise under the Ministry of Coal, commences Coal production for the first time

NLC India Limited, a Navratna Public Enterprise under the Ministry of Coal, has for the first time, commenced production of Coal.  The coal produced from Talabira II and III Mines in the state of Odisha, which was allotted to NLCIL in 2016 with a capacity of 20 Million Tonne per annum will be used to meet its requirement of its ...

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CPSEs under the Ministry of Steel Pay Tax Dues under Vivad Se Vishwas scheme

Several Central Public Sector Enterprises (CPSEs) under the  Ministry of Steel have made payment of  due tax to the government  under Vivad Se Vishwas scheme by 31st March 2020. Government  initiated Vivad Se Vishwas scheme with the objective of  reducing income tax pending litigation,  generate timely revenues for the Government and  help taxpayers to end their tax disputes with the department by paying disputed ...

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NALCO clocks all time high production of bauxite and alumina amidst corona crisis

National Aluminium Company Limited (NALCO), the Navratna CPSE, under Ministry of Mines, Govt. of India and country’s leading manufacturer and exporter of alumina and aluminium has recorded an all-round success in bauxite and alumina productions in the Fiscal 2019-20.  It may be mentioned that with more than 100% capacity utilization, NALCO’s Panchpatmali Mines has achieved bauxite production of 73.02 lakh ...

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MCA filed 11,082 prosecutions for non-filling of statement of accounts by Companies

As per the provisions of the Companies Act, prosecutions are filed by the Ministry of Corporate Affairs (MCA) through Registrar of Companies against such companies which have not filed Financial Statements from time to time and there are 11,082 number of prosecutions filed by the MCA during the said period for non-filing of financial statements. This was stated by Shri ...

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Company Law Committee-2019 submits its report to Finance Minister

The Company Law Committee was constituted by the Ministry of Corporate Affairs in September, 2019, inter alia, to further decriminalise the provisions of the Companies Act, 2013 based on their gravity and to take other concomitant measures to provide further Ease of Living for corporates in the country. The report of the Committee was presented today to the Union Minister ...

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JSPL Supports Safety in Small Scale Industries of Angul Region

A safety awareness program was organized by Jindal Steel & Power Limited (JSPL) at M/S Amritesh Industries Pvt. Limited (AIPL) under the Guidance of Asst. Director of Factories & Boiler, Angul UK Samantray. The program was organized as a part of “Safety Buddy Program” initiated by the Directorate of Factories & Boilers, Odisha. An experienced team from JSPL consisting of ...

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JSPL Foundation distributes Study materials to children of Jail inmates

JSPL Foundation, the Corporate Social Responsibility (CSR) arm of Jindal Steel and Power Ltd. (JSPL), in association with John Augusts Prison and Social Welfare Services (JAPASWS), has distributed study materials for the children of Jail inmates at Angul. Tapan Kumar Satapathy, ADM, Angul and Pankaj Gautam, JSPL’s Chief Operating Officer – Odisha, graced the occasion as Chief-guest and Guest of ...

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FM: CCI should safeguard Indian enterprises from abuse by overseas entities 

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said  that Competition Commission of India (CCI) should ensure Indian enterprises are safeguarded from abuse by entities operating from other jurisdictions. Smt. Sitharaman was speaking at the 10th anniversary celebrations of the CCI. Smt. Sitharaman said that CCI must keenly observe market developments around the globe as borders no longer determine competition ...

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