Stringent regulations targeting shell companies soon
The Indian Ministry of Corporate Affairs is considering taking action to prevent non-genuine entities from incorporating companies too easily. To do this, they may introduce new measures such as limiting the number of companies one person can incorporate and using a phone app to verify the registere
RBI invites entire Bank Boards to Discuss Governance and Ethics
Next month, the Reserve Bank of India will conduct an unusual conference with the entire boards of public and private sector banks, including international banks, to discuss governance and ethics related issues. The meeting, which will be held in two parts on May 22 and 29, will be addressed by RBI
Hindustan Zinc Ltd. Sandeep Modi Appointed as CFO
The Board has approved the appointment of Mr. Sandeep Modi as the Chief Financial Officer (KMP) of the Company, effective from April 21, 2023. Mr. Modi, who is currently serving as the Interim CFO, is a qualified member of the Institute of Chartered Accountants of India and possesses over 18 years o
India sets up CPACE for company closures
The Indian government has established the Centre for Processing Accelerated Corporate Exit (CPACE) to handle the swift regulatory clearance of companies that wish to exit their business due to economic reasons. The Ministry of Corporate Affairs has authorized CPACE to take over the task from the RoC
Vinay Kumar Mishra has resigned as Company Secretary of Shah Alloys Ltd
Mr. Vinay Kumar Mishra has resigned from the role of Company Secretary and Compliance Officer of the company, citing personal reasons. As a result, his tenure in this position will come to an end at the close of office hours on April 21, 2023, in accordance with his resignation.
Ankit Maheshwari replaces Navin Sharma as Quick Heal’s CFO
On April 17, 2023, Quick Heal Technologies announced that Navin Sharma has resigned as the Chief Financial Officer (CFO) of the company due to personal reasons. The board of directors has approved his resignation, which will come into effect at the end of business hours on April 18, 2023.AnkitMahesh
GE T&D India appoints SandeepZanzaria as new MD & CEO
SandeepZanzaria has been appointed as the Managing Director and CEO of GE T&D India Limited, according to a statement by Mahesh Palashikar, President of GE South Asia and Chairman of GE T&D India Limited. With over 30 years of experience in the power sector, Zanzaria previously worked for GE
Karnataka Bank appoints Sekhar Rao as interim MD and CEO
Karnataka Bank, a private bank located in Mangaluru, has received approval from the Reserve Bank of India (RBI) to appoint SekharRao, the bank’s executive director, as the interim Managing Director (MD) and Chief Executive Officer (CEO). The appointment is for a duration of three months starti
Vijay Kumar Padmanabhan, MD & CEO of Subex, retires early
Vinod Kumar Padmanabhan, the Managing Director and CEO of Subex, has requested early retirement and will continue in his current role until May 1, 2023. The Board of Directors has approved his request, and he will remain a non-executive, non-independent director on the company’s board until Ju
Indian Adviser Opposes Western ESG Norms Imposition
India’s economic adviser, SanjeevSanyal, who is also a member of Modi’s economic advisory council, has called for the country to resist Western rating companies’ efforts to impose ESG (environmental, social, and governance) norms on emerging markets. While India is committed to a
