Surbhi Prasad

Articles By Surbhi Prasad

86 Articles

Amazon Web Services to open first data centre in Bahrain

Amazon Web Services will open its first data centre in Bahrain in 2019, Teresa Carlson, vice-president of worldwide public sector at Amazon, said.

amazon, bahrain

MCA data: 63% of 17.95 lakh registered companies in India active in august

Out of the total number of 17.95 lakh registered companies, 6.11 lakh were closed as on August 31, and 1,488 were classified as dormant.

NHAI may acquire incomplete projects of IL&FS

The National Highways Authority of India may acquire incomplete projects of the debt-laden Infrastructure Leasing & Financial Services (IL&FS), a senior government official said. 

IL&FS crisis: Centre hastens rescue act; check details

On October 1, the government superseded the board of IL&FS and appointed a six-member board with Uday Kotak as the non-executive chairman.

Modi government plans more NLCT benches in the next 2-3 months – All you need to know

In bid to deal with the rising number of insolvency cases, the government is planning to set up more benches of the National Company Law Tribunal (NCLT) in the next two-three months, senior officials at the ministry of corpor

nclt, narendra modi government

67% of 17.87 lakh companies registered in India active

Out of the total number of 17.87 lakh registered companies in India, 5.43 lakh were closed as on July 31, and 1,381 were classified as dormant. As many as 38,802 companies were in the process of being struck off while 6,111 w

company, industry

Auditor resignations: Govt planning review of auditing standards

The ministry will also likely soon ask the Institute of Chartered Accountants of India to look into the issue and suggest ways to deal with it.

Homebuyers’ group wants West Bengal to implement RERA

RERA was fully notified in 2017 and states were given powers to notify their respective rules and appoint regulatory authorities.

Homebuyers, Homebuyers group, West Bengal, RERA, Forum for People’s Collective Efforts, Ministry of Housing and Urban Affairs, West Bengal, industry news, economy news

PNB branch issued unauthorised LoUs worth Rs 6,498 cr to three Nirav Modi firms, finds SFIO

The Serious Fraud Investigation Office investigating companies linked to Nirav Modi has found that the three partnership firms controlled by him — Diamonds R US, Stellar Diamond and Solar Exports — had got issued unauthor

PNB branch,  Nirav Modi, Nirav Modi firms, SFIO,  Stellar Diamond and Solar Exports, PNB fraud, Choksi groups

Crackdown on shell firms: Over 1 lakh more to be off registered soon

Last year, the government had struck off over 2.26 lakh shell companies for non-filing of financial statements or annual returns for a continuous period of 2 years or more.

MCA’s KYC Drive: 18 lakh may be dummy directors

In the mega KYC drive for directors, undertaken by the ministry of corporate affairs, to cleanse the corporate sector and update its registry, the actual number of directors likely to be registered is estimated at 15 lakh aga

Financial fraud: Ministry of corporate affairs to crack down on firms

In a bid to check companies from doing financial frauds, the ministry of corporate affairs will crack down on firms committing such wrongs.

Housing units worth Rs 4.64 lakh crore facing delays, says report

Around 5.76 lakh housing units worth Rs 4.64 lakh crore are facing construction delays in seven major cities across the country for a variety of reasons.

Pradhan Mantri Awas Yojana: Curbing unfair practices: Lock-in period mulled for sale of house under PMAY (U)

The Ministry of Housing and Urban Affairs is planning to introduce the provision of a lock-in period of five years for sale of houses under the Pradhan Mantri Awas Yojana.

rera, housing sector, pmay

Massive affordable housing boost! Government plans to sanction 75 lakh houses before March 2019 under PMAY-U

The Ministry of Housing and Urban Affairs has set a target to sanction around 75 lakh houses till March 2019 under the Pradhan Mantri Awas Yojna (Urban), a senior government official said.

NCLT benches may be doubled to cope with rising cases

The Ministry of Corporate Affairs is mulling to increase the number of benches at the National Company Law Tribunal from 11 to 24 amid rising number of insolvency cases coming up before the tribunal, a senior government offic

Firms submitting cost audit reports to govt to provide GST details

Companies that are required to submit cost audit reports to the government will now have to provide details related to the goods and services tax (GST) after the Ministry of Corporate Affairs released a draft of amendment to

GST, Ministry of Corporate Affairs, GST identification number, VAT,  CENVAT, GST reconciliation data

NBCC to develop affordable housing projects on sick PSUs’ plots

In a big boost to Prime Minister Narendra Modi’s ‘Housing for All’ by 2022, state-run NBCC will soon develop affordable housing projects on the lands of sick public sector undertakings.

Listed shell firms 736 less than 1,313 calculated earlier

Continuing with its crackdown on shell companies, the ministry of corporate affairs has found that out of the 1,313 ‘listed’ companies in its database that have failed to file their annual reports for two years.

NCR housing dream: NBCC might take up stalled projects

NBCC is ‘interested’ in taking over stalled projects in the Noida, Greater Noida and Yamuna Expressway area.

Housing ministry seeks law ministry’s view on real estate Acts of Centre, Bengal

The Ministry of Housing and Urban Affairs has sought the view of the law ministry on whether two separate Acts for regulating the real estate sector – one enacted by the Centre and the other by West Bengal – can coexist,

Surat civic body to raise Rs 200 cr via bond sale

Taking a cue from local bodies in Hyderabad, Pune and Indore, the Surat Municipal Corporation is all set to raise money through bonds.

Kotak-Cube consortium offers Rs 3,300 crore for Jaypee Infra resolution

A consortium of Kotak Investment Advisors and Cube Highways has proposed to pay an upfront consideration of Rs 3,300 crore in cash to help the resolution process of embattled real estate company Jaypee Infratech.

Govt to ask CAs to update information on directors during filing of annual results

The information will include details such as passport, PAN number and contact details along with the physical address of directors.

Work restarts in six stalled Amrapali Group projects

The three co-developers roped in by Amrapali Group have started work in around six of the 15 stalled projects.

Jaypee homebuyers write to insolvency board, seek more clarity

Homebuyers of the embattled real estate developer Jaypee Infratech have urged the Insolvency and Bankruptcy Board of India (IBBI) to ensure that the basis of calculating voting share of homebuyers in the committee of creditor

Jaypee fails to deposit Rs 1000 crore in Supreme Court by deadline

Crisis-hit Jaypee group firm Jaiprakash Associates (JAL) has failed to deposit Rs 1,000 crore in the Supreme Court’s registry by the Friday deadline.

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