The Ministry of Corporate Affairs to Withdraw 7,338 Prosecutions
The decision to withdraw 7,338 prosecutions under the companies' law, which are currently pending before various courts, has been made by the corporate affairs ministry
MCA’s new rules to expedite M&As within 15-60 days
Effective from May 15, the Ministry of Corporate Affairs (MCA) has introduced new rules named the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2023, to expedite the approval process for mergers and acquisitions (M&As).
J&K Bank auditors raise red flags in FY23 accounts over employee stock transactions
The auditors responsible for reviewing Jammu and Kashmir Bank’s financial records for the fiscal year 2022-23 have given a qualified opinion and have expressed concerns about the bank’s employee stock purchase scheme (ESPS). Specifically, they discovered that the bank’s employees h
