You are browsing entries filed in “ Corporate Governance ”
Employing Differently Abled Persons as Part of CSR Activity 

Employing Differently Abled Persons as Part of CSR Activity 

IndiaCSR News Network NEW DELHI: The essence of the provision relating to mandatory implementation of Corporate Social Responsibility by companies above the laid down threshold is to require these companies to deploy at least two percent of their net profits on eligible activities (elaborated in a Schedule to the Act). The provision does not envisage providing […]

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Railway Minister Directs for Formulation of Integrated Policy on Cleanliness 

Railway Minister Directs for Formulation of Integrated Policy on Cleanliness 

IndiaCSR News Network NEW DELHI: The Minister of Railways, Shri Suresh Prabhu has issued directions for formulation of Integrated Policy on Cleanliness at the station, platforms and coaches. This policy will ensure better and effective coordination among number of departments involved for providing cleanliness. The sense of responsibility and accountability will also be clearly defined. This […]

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Realty firm DLF, Executives Barred from Market for 3 years

Realty firm DLF, Executives Barred from Market for 3 years

MUMBAI: Stock market regulator Sebi cracked down Monday on India’s biggest realty company DLF by barring six top executives, including promoter-chairman KP Singh, from accessing the securities market for three years, choking its options to raise fresh funds. The move, linked to disclosure lapses in 2007 when DLF went public and listed on exchanges, is […]

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Mukesh Ambani’s twin kids made directors of Reliance Jio & retail ventures

Mukesh Ambani’s twin kids made directors of Reliance Jio & retail ventures

NEW DELHI: In signs of succession planning at India’s largest private firm, billionaire Mukesh Ambani’s twin scions Isha and Akash were today appointed as directors on board of Reliance Industries’ telecom and retail ventures. Isha and Akash, 23, were appointed to the boards of Reliance Jio Infocomm Ltd and Reliance Retail Ventures Ltd, the company […]

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Serious Fraud Investigation Office Analyzes Financial Frauds

Serious Fraud Investigation Office Analyzes Financial Frauds

IndiaCSR News Network NEW DELHI: A Market Research and Analysis Unit (MRAU) has been set up in the Serious Fraud Investigation Office (SFIO) with the objectives of analyzing media reports relating to financial frauds and for conducting market surveillance of such corporates. In order to strengthen MRAU’s functioning, an Expert Committee was constituted and on […]

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4,83,323 Companies Have Women Directors as Board Members

4,83,323 Companies Have Women Directors as Board Members

Inclusion of Women in Board of Directors of Companies IndiaCSR News Network NEW DELHI: Section 149 of the Companies Act, 2013 read with Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014 makes it mandatory for every listed company and every public company having paid-up share capital of not less than Rupees […]

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Blacklisting of 6 Companies by Ministry of Defence

Blacklisting of 6 Companies by Ministry of Defence

IndiaCSR News Network NEW DELHI: Six firms, along with their allied and subsidiary firms have been debarred from business dealings with Ministry of Defence for a period of ten years with effect from 11th April, 2012. The names of the companies are M/s Singapore Technologies Kinetics Ltd. (STK), M/s Israel Military Industries Ltd. (IMI), M/s […]

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Amendment in Companies Act, 1956

Amendment in Companies Act, 1956

IndiaCSR News Network NEW DELHI: A little more than a half of the provisions of Companies Act 2013 came into force from 1st April 2014. Following this, several communications were received in the Ministry of Corporate Affairs drawing attention to certain practical difficulties concerning these provisions or seeking clarifications about the same. To facilitate understanding […]

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Corporate Frauds: 238 Companies Identified as ‘Vanishing Companies’

Corporate Frauds: 238 Companies Identified as ‘Vanishing Companies’

IndiaCSR News Network NEW DELHI: 238 companies were identified as ‘Vanishing Companies’. They had raised funds through Public issues and had stopped filing financial statements and annual returns with the concerned regulators. Of these, 128 companies were removed from this category and placed under a ‘Watch List’, as they had started filing their financial statements and […]

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Corporate Frauds: Ministry Ordered Investigation into the Affairs of 152 Firms

Corporate Frauds: Ministry Ordered Investigation into the Affairs of 152 Firms

IndiaCSR News Network NEW DELHI: During the last three years (and this year up to 30-06-2014) the Ministry of Corporate Affairs (MCA) has ordered investigation into the affairs of 152 companies allegedly indulging in fraudulent/illegal activities. Of these, 64 investigations have been completed and reports submitted to the Ministry while in 2 cases, investigations have […]

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