Minister for Corporate Affairs

The time has come for all the stakeholders in the growth of Indian economy to come forward and launch a national movement to build a culture of competition so as to promote innovation, entrepreneurship and inclusive growth and to be part in ushering second generation of reforms. This was stated by the Minister for Corporate Affairs, Dr M Veerappa Moily at the Conference on Building Full Article

The Minister for Corporate Affairs has said that the Competition Commission of India has fully started its statutory functions except Regulation of combinations, as Sections 5 & 6 of the Competition Act have not been notified. Giving this information Full Article

The Minister for Corporate Affairs has said that the Companies Bill, 2009 which was introduced on 3rd August, 2009 has provisions for faster settlement of insolvency cases for corporates. Giving this information in written reply to a question in the Full Article

The Minister for Corporate Affairs has said that as per information available in his Ministry, 135 Multinational Pharma companies are operating in India through their subsidiaries. Giving this information in written reply to a question in the Lok Sab Full Article

The Government has said that as per information given by the Department of Public Enterprises it has so far not issued any guidelines regarding the assessment of working of non-official Directors on the Board of Central Public Sector Enterprises. Thi Full Article

The Minister for Corporate Affairs has said that as per the information provided by the SEBI, Initial Public Offerings (IPO) price is fixed by the issue based on an analysis of the quantitative and qualitative factors of the issue company, market sen Full Article

The International Financial Reporting Standards (IFRS), which several large companies in India will need to follow from April 1, will be flexible enough to suit Indian companies, the Union Minister for Corporate Affairs, Mr Salman Khurshid, has said. Full Article

The Institute of Chartered Accountants of India (ICAI) has submitted the first part of its Report, after consideration by its Council, wherein the former has recommended to the Government for amendments in the Chartered Accountants Act, 1949, Rules and Regulations framed thereunder so that action can be taken against firms of chartered accountants themselves, in addition to individual chartered accountants, for misconduct. Full Article