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
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
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
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
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
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
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.
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,
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.
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