UNION MINISTRY OF CORPORATE AFFAIRS
Plan to set up coop bank, milk producers' union in every district of country: Amit Shah
Union Cooperation Minister Amit Shah outlined the government's ambitious plans during the 'Sahkar se Samriddhi' programme marking the 102nd International Day of Cooperatives. He announced targets to establish cooperative banks and milk producers' unions in every district, and to set up multipurpose agriculture credit societies in two lakh panchayats lacking cooperative institutions within five years.
Haj Committee now under Minority Affairs Ministry
The government has designated the Ministry of Minority Affairs as the nodal ministry for the Haj Committee, taking over from the Ministry of External Affairs. Changes include new rules and the nomination of officers from various ministries to the committee.
HUA ministry extends deadline for Smart Cities Mission till March 2025
The Union housing and urban affairs ministry has announced an extension of the Smart Cities Mission deadline until March 2025, allowing completion of ongoing projects. This comes after requests from states facing delays. As of July 3, 2024, 100 cities have completed 90% of projects worth Rs 1,44,237 crore, with remaining projects in advanced stages. The allocated budget of Rs 48,000 crore has seen 97 per cent released by the Union government, with 93 per cent funds utilised.
Government working on aggregation of CA firms, accounting standards for insurance sector
Government and ICAI collaborate to boost global accounting firm presence. Efforts include setting standards for insurance sector and LLPs, and reducing the time for voluntary company closure. ICAI President plans for CA firm aggregation in the near future.
MEA on Indian worker's shocking death in Italy: 'We call for humane treatment of workers…'
Indian farm worker Satnam Singh's shocking death in Italy's Latina last week sent shockwaves in India. The accident resulted in the severing of his arm, which happened while he was working at the farm. As per Flai CGIL trade union, instead of receiving help fr...
CCI to tweak fair trade norms soon
Under the green channel process, introduced in 2019, an M&A deal is deemed to have been approved upon filing the application with the regulator, subject to conditions, including meeting the prescribed value thresholds. The move was aimed at expediting the deal approval process and balancing regulatory facilitation with enforcement functions.
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Centre approves proposals worth Rs 860 crore for West Bengal under Swachh Bharat Mission 2.0
West Bengal strives to meet waste management goals by 2026 with comprehensive plans, including waste-processing plants in all cities. The state focuses on remediation efforts and the establishment of composting plants and material recovery facilities to address legacy waste.
Indian Oil to transfer unclaimed shares of investors to govt fund by this date: How to check if your name is on the list
If you haven't claimed dividends on Indian Oil shares for seven consecutive years or more, the shares will be moved to a government fund. Here is how to check if your name is on the list
Proceedings initiated against Byju's under companies law 'still ongoing': MCA
Last year, the ministry ordered the inspection of the books of Byju's in the wake of various developments at the edtech company, including its inability to finalise the statements and the resignation of an auditor.
IBC helps personal guarantors resolve financial stress: MCA
The Insolvency and Bankruptcy Code (IBC) provides opportunities for defaulting firms and personal guarantors to restructure debts. The Ministry of Corporate Affairs (MCA) emphasized the importance of trust in financial transactions and highlighted the benefits of the IBC for resolving financial difficulties. Data from the Insolvency and Bankruptcy Board of India (IBBI) shows a high number of applications for the insolvency resolution process of personal guarantors to corporate debtors.
As external affairs minister, Jaishankar crafted an assertive foreign policy approach
The 69-year-old Jaishankar, whose illustrious diplomatic career spanned four decades, on Sunday took oath as a member of Prime Minister Narendra Modi's Cabinet.
Narendra Modi's first foreign trip likely to be Italy; PM Giorgia Meloni invites him for G7 summit starting Thursday
PM Narendra Modi is poised to make his first foreign trip to Italy, accepting an invitation from Italian Prime Minister Giorgia Meloni to attend the G7 Summit from June 13 to 15. Modi's participation underscores India's growing global relevance. Additionally, India's involvement in upcoming events such as the Swiss Peace Summit, US NSA Jake Sullivan's visit, and the SCO Summit in Kazakhstan further solidifies its diplomatic engagements on the world stage.
Modi 3.0 in action: NDA's 100-day dash unveiled with key ministry moves
With the National Democratic Alliance assuming power, all Union ministries are set to launch their 100-day plans. ET provides a snapshot of the key government initiatives and actions planned for the next three months.
China plans new carbon measurement standards to boost climate efforts
China announced plans to implement a new carbon footprint management system by 2027 to measure the carbon content of key products, aiming to meet climate goals and global carbon standards.
Chinese "allegedly invaded" India in 1962: Mani Shankar Aiyar triggers fresh row
Former Union Minister MShankar Aiyar shared a personal anecdote about the Indian Foreign Service exams and his rejection due to suspicions of communist affiliations and ties to China.
Delhi HC reserves order on AAP's plea for allotment of space for party offices
The Delhi High Court has reserved its order on a plea by the Aam Aadmi Party (AAP) seeking office space from the Centre. A decision is expected on June 5 to temporarily accommodate the party until proper land allocation can be made. The hearing on land allotment is set for July 10. AAP argues for fair treatment as a recognised national party and is seeking a level playing field for office premises in New Delhi.
Reliance to transfer unclaimed shares to govt fund by this date: Check if yours are in RIL's list
Reliance Industries shares: You RIL shares will be transferred to Invester Education Protection Fund (IEPF) if you do not claim them by a date as specified by Relaince Industries through its public notice dated May 24, 2024. Read here to know how to claim, who has to claim and which form to fill if such shares needs to be claimed.
Reviewing ministry of corporate affairs' penalty order on company, Satya Nadella, says LinkedIn
LinkedIn is reviewing penalties totalling ₹27.1 lakh imposed by the Ministry of Corporate Affairs (MCA) for alleged violation of significant beneficial owner (SBO) norms under the Companies Act, 2013. The penalties target LinkedIn India, Microsoft CEO Satya Nadella, LinkedIn CEO Ryan Roslansky, and seven others. The Registrar of Companies (RoC) for Delhi and Haryana found the company and officials liable for penal action due to their failure to identify SBOs. Nadella and Roslansky are identified as SBOs, facing penalties for non-reporting. Section 90 of the Companies Act mandates SBO disclosure.
Centre ready to cooperate in bringing back Prajwal Revanna, says Pralhad Joshi
Union Minister Pralhad Joshi announces process to cancel diplomatic passport of suspended JD(S) MP Prajwal Revanna accused of sexual harassment. Criticizes Karnataka government for inaction, accuses of politicizing the issue. Centre ready to cooperate. Karnataka seeks diplomatic passport cancellation; Prajwal faces charges, remains at large. Blue Corner Notice issued by Interpol.
Government rescues 360 Indians forced into committing cyber fraud
Union home ministry and MEA rescued 360 Indians from Cambodia involved in cyber scams, with I4C CEO Rajesh Kumar noting a rise in cybercrime incidents originating from Southeast Asia.
Ebrahim Raisi dead: All about the helicopter that crashed killing the Iranian president
A helicopter carrying the Iranian President, Foreign Minister and other officials crashed, killing everyone on board. Iran’s new interim President has been announced, even as the country has to prepare to conduct fresh elections, advancing the date.
AAP withdraws plea from SC on allotment of land for its offices
The Aam Aadmi Party withdrew its plea before the Supreme Court for land allotment in Delhi. The plea sought land in centrally located areas free from encumbrances. AAP's request was rejected due to unavailability of vacant land at specific locations like Deen Dayal Upadhyay Marg.
ENPO reject Nagaland govt’s appeal, says firm on decision to abstain from Urban Local Bodies elections
The Eastern Nagaland People's Organisation (ENPO) rejects Nagaland government's appeal to participate in the Urban Local Bodies (ULB) elections on June 26, chaired by Chief Minister Neiphiu Rio. ENPO demands a separate 'Frontier Nagaland Territory' and boycotts elections in support of this demand.
After Lok Sabha polls, ENPO announces decision to abstain from Urban Local Body elections
ENPO abstains from ULB and Lok Sabha polls, demanding 'Frontier Nagaland Territory.' They inform SEC about abstention, citing delay in territory creation promised by MHA.
MHA issues first set of citizenship certificates under CAA
The Ministry of Home Affairs issued the first batch of citizenship certificates to 14 individuals in Delhi following the notification of the Citizenship (Amendment) Rules in March. Union Home Minister Amit Shah emphasized the significance of the Citizenship Amendment Act (CAA), labeling it as "the country's law." Home Secretary Ajay Kumar Bhalla personally handed out the certificates in New Delhi and highlighted key aspects of the new rules.
Company registrations drop in April, but LLPs continue to scale fresh peak
In April 2023-24, company registrations fell 3.7%, while LLPs surged 36%. The trend continued from the previous year, reflecting optimism and growth prospects despite technical challenges and a high base effect.
EU, India stress on strengthening cooperation to deal with counter-terrorism challenges
The European Union and India have strongly condemned terrorism in all its forms and manifestations and emphasised the need for strengthening international cooperation in dealing with counter-terrorism challenges, stated the Ministry of External Affairs in a press release.
MCA mulls faster transfer of old unclaimed shares to beneficiaries
The corporate affairs ministry is considering a faster method for transferring shares, dividends, and matured debentures in inactive accounts that have not been claimed for over seven years. The ministry plans to allow companies to settle claims after following due processes and obtaining IEPFA approval. The authority will transfer unclaimed papers to companies for refunds within 15 days.
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