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New system for registration of companies in one day with 11 Services

August 10, 2022 1005 Views 0 comment Print

If the application filed for incorporation is complete in all respect, the same is processed and approved for incorporation on an average within 1 day of filing.

No specific Incentives mechanism For Utilisation of CSR Funds

August 10, 2022 783 Views 0 comment Print

There is no specific incentive mechanism in place to incentivise the effective utilisation of Corporate Social Responsibility (CSR) funds by companies as this is a regulatory requirement under Companies Act, 2013

Amendment in minimum registration time period of NFMIMS

August 10, 2022 3546 Views 0 comment Print

The requirement of advance registration of minimum 5 days from the expected date of arrival of import consignment under NFMIMS has been abolished/made zero. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade, New Delhi Notification No. 26/2015-2020 | Dated: 10th August, 2022 Subject: Amendment in minimum registration […]

Advice of Stakeholders’ Committee is not binding on IP under IBC 2016

August 10, 2022 774 Views 0 comment Print

IBBI DC noted the submission of Mr. Rakesh Ahuja that he continued the process while dealing with the matter as per regulation 35(1) of the Liquidation Regulations and decided to conduct the fresh valuations during Liquidation process solely on the recommendations of the stakeholders. Under the regulations, advice of Stakeholders’ Committee is not of binding […]

ED searches Director of WazirX Crypto-Currency Exchange

August 10, 2022 540 Views 0 comment Print

ED searches the Director of WazirX Crypto-Currency Exchange & freezes its Bank assets worth Rs 64.67 Crore for assisting accused Instant Loan APP Companies in laundering of fraud money via purchase & transfer of virtual crypto assets. Press Release 05.08.2022 Directorate of Enforcement (ED) has conducted searches on one of the Directors of M/s Zanmai […]

Value of counterfeit notes detected in banking system reduced post demonetisation

August 10, 2022 873 Views 0 comment Print

Value of counterfeit notes detected in banking system reduced from ₹43.47 crores in 2016-17 to ₹8.26 crores in 2021-22 since demonetisation

No system of maintaining classified data on companies according to their business

August 10, 2022 252 Views 0 comment Print

Corporate Affairs Ministry not developed any system of maintaining classified data on companies based categories according to their business

Drugs seized in 8 cases from Gujarat Ports in 2021 & 2022 by DRI

August 10, 2022 1110 Views 0 comment Print

GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE LOK SABHA UNSTARRED QUESTION NO-3459 ANSWERED ON-MONDAY, AUGUST 8, 2022/SRAVANA 17, 1944 (SAKA) Drugs Seized from Gujarat Port 3459. SHRI ANTO ANTONY: Will the Minister of FINANCE be pleased to state: (a) whether the Directorate of Revenue Intelligence or any other Central Agency has recently seized […]

e-Bill system under implementation on Pilot basis in Ministries & Departments

August 10, 2022 570 Views 0 comment Print

The e-Bill system was launched on Pilot basis on 2nd March, 2022 in 9 Pay & Accounts Offices of 8 Ministries/Departments.

Supreme Audit Institutions should engage with media, citizens & anti-corruption agencies: CAG

August 10, 2022 456 Views 0 comment Print

The Comptroller and Auditor General of India and Chair, CAS highlighted the contributions made by CAS to INTOSAI Standard setting and other capacity building activities.

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