A New Policy For Changing Rules Issued By MCA
In accordance with a policy released by the Corporate Affairs Ministry (MCA), existing rules and regulations prescribed under legislation administered by the ministry will be reviewed and comprehensively consulted before being enacted into law.
MCA Is Set To Launch Virtual Hearings
Corporate lawyers and executives will no longer have to attend case hearings at company registrar offices.
MCA is set to commence collaborative workshops with Indian Inc. soon
The Ministry of Corporate Affairs (MCA) plans to hold webinars and meetings with businesses to identify and address any regulatory gaps.
In a new record for incorporations 102,611 companies and LLPs registered by August
During the first four months of the current Financial Year, a total of 102,611 registrations of companies and limited liability partnership (LLP) firms were recorded, setting a new record in business incorporations.
Finance Minister asks MCA to simplify ROC filing procedure
The three-day Chintan Shivir held in Kevadia, Gujarat, concluded, with Union Minister for Finance and Corporate Affairs, Nirmala Sitharaman, leading the event.
India Considers New Digital Competition Law to Regulate Big Tech: Report
The government is considering enacting a separate digital competition law to oversee large technological corporations. Rather than amending the newly modified Competition Act, the Ministry of Corporate Affairs is said to be considering new laws.
A record 82,628 Companies and LLPs Were Incorporated between April and July: MCA
The Ministry of Corporate Affairs (MCA) reported on 2nd August 2023 that a record-breaking 82,628 companies and limited liability partnership (LLP) organizations were incorporated on the MCA21 platform in the first four months of this fiscal year.
MCA21 portal users who are professionals will have a single ID
On the MCA21 portal, the venue for submitting statutory files under the corporations and LLP laws, the government has begun the process of deactivating multiple login IDs that are in the name of a single Company Secretary, Chartered Accountant, or Cost Accountant
New Accounting Standards for Insurance Sector Soon
The government will shortly announce the new accounting standards for insurance contracts that will harmonise Indian standards with international standards and enable foreign investors to more accurately assess the risk exposure of local insurers.
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
