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    Corporate Affairs Ministry is actively making investors aware about fraudulent companies
    Properties of struck off companies from RoC can’t be used, operated, transferred or alienated in any manner
    Listed companies must comply on appointing women board directors; total 142 listed companies fined
    CSR expenditure by companies in North East in 2015-16 ₹ 176.59 Crores
    MCA21 Registry states that 25.01% women work as Directors on Boards
    Govt. disposes 2,750 cases under Insolvency and Bankruptcy Code
    Public Comments on Code/Regulations/Rules under Insolvency and Bankruptcy Code, 2016
    Year End Review of Ministry of Statistics & Programme Implementation ( MoSPI)
    Cabinet approves second financial restructuring of Konkan Railway Corporation Ltd.
    Government Panel invites suggestions/comments from stakeholders about the provisions of the Insolvency and Bankruptcy Code and the Rules and Regulatio...
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    December 23, 2017
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    Investor awareness programmes warn against fraudulent schemes and promote informed investment through professional institute partnerships.
    The Ministry organises Investor Awareness Programmes with three professional institutes to prevent investment in fraudulent schemes, using audio-visual outreach and rural Common Service Centres. Funding is allocated per programme with set unit outlays for Resource Persons and distinct rates for North Eastern states; expenditure depends on participant numbers. State/UT-wise annexures record programmes and fund utilisation, and a separate annexure lists companies against whom action has been initiated for Ponzi and multi-level marketing schemes.
    December 23, 2017
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    Struck off company property: cannot be used or transferred until restored under Section 252 of the Act.
    Properties and assets of companies struck off the Register of Companies cannot be used, operated, transferred or alienated in any manner until the company is restored under the statutory restoration process under Section 252; the prohibition covers all movable and immovable assets and extends to actions by former directors or authorised signatories.
    December 23, 2017
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    Women director requirement: non appointment attracts statutory penalties and regulatory fines under company and listing laws.
    The statute imposes a mandatory women director requirement on every listed company and prescribed classes under Section 149 of the Companies Act, 2013, with penalties under Section 172; SEBI's Listing Obligations Regulations 2015 likewise require at least one woman director and prescribe fines. Enforcement includes prosecutions by Registrars of Companies, administrative referrals for PSUs, and fines levied by stock exchanges against listed companies for non appointment of women directors.
    December 20, 2017
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    Corporate Social Responsibility: companies' reported North East expenditures increased, with government workshops promoting compliance as compiled by Ministry.
    Corporate Social Responsibility under the Companies Act, 2013 was implemented in 2014-15 and the Ministry compiled state wise CSR expenditure for eight North East states for 2014-15 and 2015-16, showing an aggregate increase in the regional total, with Assam the largest contributor. Government bodies and business chambers conduct workshops and seminars to raise awareness of CSR provisions and improve compliance, as reported by the Minister of State in a written parliamentary reply.
    December 19, 2017
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    Women director requirement: listed and prescribed companies must appoint women directors; registry reports notable female board representation.
    Section 149 of the Companies Act, 2013 and corresponding rules require listed and prescribed companies to appoint at least one woman director, and the Listing Obligations and Disclosure Requirements regime imposes a similar mandate; national registry data is cited to indicate current levels of female board representation.
    December 19, 2017
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    Insolvency resolution under IBC resulted in numerous case disposals and reported bank recoveries following filings.
    Notification of the operative provisions of the Insolvency and Bankruptcy Code prompted fresh filings and transfer of winding-up matters into the Code, resulting in a substantial number of disposals with remaining cases pending at the reporting cut-off. Public Sector Banks reported recoveries and haircuts arising after initiation of proceedings under the Code, and those financial outcomes were communicated to the legislature by the responsible minister in response to an enquiry.
    December 19, 2017
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    Insolvency Law Committee review invites stakeholder comments via online portal to improve implementation of insolvency framework.
    The Government constituted the Insolvency Law Committee to review functioning and implementation of the Insolvency and Bankruptcy Code, identify efficiency issues in corporate insolvency resolution and liquidation, and recommend measures to improve processes. Stakeholders were invited to submit comments and brief justifications exclusively through an online portal on the Ministry's website by the specified deadline to inform the Committee's recommendations.
    December 18, 2017
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    Adoption of UN Fundamental Principles of Official Statistics strengthens independence and transparency in official data dissemination.
    Adoption of the United Nations Fundamental Principles of Official Statistics reinforces professional independence, impartiality, accountability and transparency. MoSPI maintains IMF SDDS compliance with an Advance Release Calendar and simultaneous dissemination. Major methodological reforms include rebasing National Accounts, IIP and CPI to 2011-12 with improved data sources and methods, launch of the Periodic Labour Force Survey using CAPI, introduction of the Collection of Statistics (Amendment) Bill, technological upgrades for data dissemination and cataloguing, and strengthened project and MPLADS monitoring frameworks.
    December 15, 2017
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    Conversion of preference shares into compulsorily convertible form restores positive net worth and preserves market access.
    Conversion of Non Cumulative Redeemable Preference Shares held by the President of India (through the Ministry of Railways) into Compulsorily Convertible Non Cumulative Preference Shares is implemented so that, under IND AS restatement of prior balance sheets, the instrument can be treated as share capital rather than showing a liability component that would render Konkan Railway Corporation Limited's net worth negative; the conversion restores positive net worth and averts adverse credit, bidding and "sick company" classification consequences.
    December 14, 2017
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    Insolvency and Bankruptcy Code consultations invite stakeholder suggestions to improve corporate resolution and liquidation efficiency.
    The Government invited stakeholder suggestions via an online facility on the Ministry of Corporate Affairs website regarding provisions of the Insolvency and Bankruptcy Code and related Rules and Regulations. The Insolvency Law Committee, constituted to review the Code's functioning and identify issues affecting the efficiency of the Corporate Insolvency Resolution and the Liquidation Framework, seeks comments with brief justification to inform recommendations for enhancing procedural efficiency and implementation.

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