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 ...

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 ...

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 ...

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 ...

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 ...

The Foundation Stone for Second Generation (2G) Ethanol Bio-Refinery of Bharat Petroleum Corporation Limited, which is being set up at Baulasingha Village, Bhatli Tehsil, Bargarh district, Odisha, was laid today by His Excellency, Governor of Odisha, Professor GaneshiLal, in the presence ofShriDharmendraPradhan Honorable Union Minister of Petroleum & Natural Gas and Skill Development &Entrepreneurship, ShriPrafulla Kumar Mallik, Hon’ble Minister for ...

The Competition Commission of India (‘CCI’) passed a final order imposing penalty on Panasonic Energy India Co. Limited (‘Panasonic’) and Geep Industries (India) Private Limited (‘Geep’) for colluding to fix prices of zinc-carbon dry cell batteries in India. In respect of Panasonic, CCI granted 100 percent reduction in penalty by invoking the provisions of Section 46 of the Competition Act, ...

Continuing its bull run, National Aluminium Company Limited (NALCO), the Navratna PSU under Ministry of Mines, Govt. of India, has once again brought cheer in the stock market by declaring record dividend payout of Rs 1102 crore – an increase from 56 % in 2016-17 to a whopping 114 % in 2017-18, which works out to Rs 5.70 per equity ...

The Dredging Corporation of India Limited has declared  a 20% dividend on the paid up capital of Rs.28 Crore for the year 2017-18. A cheque of Rs. 4,11,44,026  (Rs. 4.11 Crore ) was handed over to Shri Nitin Gadkari,  Minister of Shipping, Road Transport & Highways, Water Resources, River Development & Ganga Rejuvenation by Shri Rajesh Tripathi, CMD, DCI  in ...

The Committee constituted by Government of India in July 2018  to review the existing framework dealing with offences under the Companies Act, 2013 and related matters and make recommendations to promote better corporate compliance, has submitted its report here today. The report was presented to the Union Minister for Finance & Corporate Affairs, Shri Arun Jaitley by Secretary, Ministry of Corporate ...