Government advises LTI Mindtree to address MCA-21 concerns
The government has asked LTI Mindtree to look into the possibility of offering a little more flexibility in corporate filings, including on annual filings, while addressing some of the main concerns of stakeholders on the MCA-21 platform, which range from slow speed, problems in PDF generation, to i
MCA and Meity demarcate regulatory functions for controlling digital companies
The Ministry of Corporate Affairs (MCA) announced on 4th July that it will investigate digital market competition issues, whereas the Ministry of Electronics and Information Technology (Meity) will be dealing with sector-specific and technical difficulties.
Despite an increase in spending, the impact of CSR funding is ‘not generally felt’: MCA
Despite a recent surge in such investment, the Ministry of Corporate Affairs (MCA) has emphasised the minimal effect of corporate social responsibility (CSR) activities and has asked India Inc to take a long-term approach "to yield productive results."
A MCA should develop a policy for reviewing mature start-ups to ensure compliance with corporate governance : Ajay Tyagi
Following the fiasco involving edtech major Byju's, former SEBI Chairman Ajay Tyagi made a strong recommendation that the MCA step in to put in place a codified review of the mechanism on the corporate governance compliances of certain mature start-ups.
MCA21 continues to fail to function, even as businesses face the burden of difficulties
Companies attempting to file regular updates through MCA21, the official website of India's Corporate Affairs Ministry continue to face regular hurdles.
The MCA will step up its war on shell companies
The Ministry of Corporate Affairs (MCA) is planning to strengthen its crackdown on non-functional or shell companies, as it has already taken action against hundreds of thousands of such firms that are often used for illicit purposes such as money laundering.
MCA will hold consultations with stakeholders on issues related to MCA21 portal
Manoj Govil, the secretary of the Ministry of Corporate Affairs (MCA) on Sunday tweeted about MCA21.
MCA Initiates Investigation into Hero MotoCorp
The Ministry of Corporate Affairs (MCA) in India has launched an investigation into Hero MotoCorp, a prominent motorcycle manufacturer, regarding alleged breaches of corporate governance norms and concerns over the beneficiaries of a connected entity.
Surge in Filings on MCA Portal Following January Revamp
Since the introduction of nearly 50 web-based forms with real-time verification in January, the Corporate Affairs Ministry's revamped portal has witnessed a notable increase in company filings. The ministry reported that between January 23 and June 1, over 530,000 filings have been recorded.
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).
