Large Unlisted Businesses May Be Liable For Regulation
A key group at the Ministry of Corporate Affairs (MCA) is thinking about creating rules for big private companies, including unicorns (highly valued start-ups), to make sure they follow better corporate rules.
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
Companies still falling short of meeting governance standards
Although the top 100 listed entities are performing relatively well in terms of meeting corporate governance standards, they still fall behind in certain areas. According to the third edition of Excellence Enablers’ Corporate Governance Study, 40 firms have only supplied an email address for w
MCA to introduce web-based filing to improve compliance and oversight
The Indian government is introducing new web-based forms for firms filing annual returns and financial statements, with enhanced security features and authentication requirements aimed at deterring the creation of tax-dodging shell companies. The move comes as the government steps up security and kn
