corporate affairs

 

Govt tightens norms for removal of independent directors

Feb 22 2018

Independent directors appointed for a 2nd term at corporates can now be removed only by a special resolution passed by shareholders, with the govt tightening the rules.

Corporates open to public gaze as data available online: FM

Jan 19 2018

Jaitley said online availability of data has opened corporate activities to public gaze and raised the possibility of detecting any impropriety.

Corp Affairs Min will examine Sebi order against PW: Chaudhary

Jan 11 2018

The corporate affairs ministry will examine Sebi's order against audit major Price Waterhouse in the Satyam Computer Services case, Chaudhary said.

IBBI publishes syllabus, other details for 'valuer' course

Jan 01 2018

IBBI) has published syllabus, format and other details of valuer courses and examinations, the Ministry of Corporate Affairs said.

Over 3 lakh directors disqualified; 2.25 lakh cos struck off

Dec 18 2017

Over 3 lakh persons have been disqualified for holding the post of director at registered companies for failing to comply with regulatory requirements, the govt said.

HC junks FTIL's petition against govt order to merge with NSEL

Dec 04 2017

The Bombay HC dismissed a petition filed by the erstwhile FTIL challenging a 2016 decision of the Union govt ordering its merger with its subsidiary, NSEL.

Paytm Mall posts Rs 13.63 cr loss during Aug16-Mar17

Oct 09 2017

Paytm E-commerce, which operates online marketplace Paytm Mall, has posted a total loss of Rs 13.63 crore between August 2016 and March 2017.

PP Chaudhary takes charge as MoS Corporate Affairs

Sep 04 2017

He is the third MoS in the ministry under the PM Modi-led govt since it came to power in May 2014.

Govt taking expeditious action against shell companies: Jaitley

Aug 11 2017

Jaitley mentioned about markets regulator Sebi's action against suspected shell companies on the stock exchanges.

IT dept to share vital data with MCA to nail down shell cos

Jul 27 2017

MCA has already cancelled registrations of over 1.62 lakh companies for non-filing of financial statements for the immediate two preceding fiscals.

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Stocks In News

 

ULTRATECH CEMENT

Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst

IRB INFRA

4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years

BALAJI AMINES

Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey

ADANI TRANSMISSION

Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations

FORTIS HEALTHCARE

To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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