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    Insolvency and Bankruptcy Board of India (IBBI) registered National E-Governance Services Limited (NeSL) today as an Information Utility (IU) under th...
    Union Finance Minister releases book on Financial Management
    To invite public comments for further simplification of starting a business (name reservation and incorporation) procedure in India- reg.
    Minister of State (Law, Justice & Corporate Affairs) Shri P.P. Chaudhary seeks paricipation of the Companies in ‘Swachhta Hi Seva’ campaign of the...
    Malaysian Association of Company Secretaries (MACS) to adopt the Secretarial Standards issued by the Institute of Company Secretaries of India (ICSI) ...
    Operation of Bank accounts of over 2 lakh companies ‘struck off” from the Register of Companies
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    September 27, 2017
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    Information Utility registration enables centralized evidence of financial defaults to expedite insolvency processes under the Code.
    Registration of National E Governance Services Limited as an Information Utility under the IBBI (Information Utilities) Regulations, 2017 creates a regulated repository to record financial information, establish defaults and verify creditor claims to expedite insolvency processes; the registration is valid for five years and includes appointment of a Compliance Officer to oversee regulatory compliance.
    September 27, 2017
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    Public financial management in autonomous institutions emphasises e governance and transparency to improve fiscal efficiency.
    The book analyses the challenges of managing taxpayer money in autonomous institutions and advocates integrated reforms emphasising sound financial management, e-governance, and transparency to address past fragmented efforts that targeted only isolated aspects like budgeting or accounting, thereby improving fiscal discipline, allocative outcomes and technical efficiency through an empirically grounded interdisciplinary framework.
    September 27, 2017
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    Integration of name reservation with SPICe eform to streamline company incorporation; public comments invited to simplify procedures.
    The Ministry of Corporate Affairs seeks stakeholder suggestions on proposed Name Reservation integration with SPICe eform to simplify company incorporation under the Companies Act, 2013. The consultation paper, contextualised by prior centralisation and the SPICe mechanism consolidating DIN, name reservation, incorporation, PAN and TAN allotment, invites comments with justifications via a prescribed template and contact details; independent DIN and name reservation services continue to be available for piecemeal incorporation.
    September 15, 2017
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    Corporate Social Responsibility allocation urged toward Swachh Bharat Mission during cleanliness campaign, companies mobilising employees and sponsoring awareness.
    Companies are urged to direct a portion of their Corporate Social Responsibility expenditure to the Swachh Bharat Mission during the 'Swachhta Hi Seva' campaign; the Minister requested that firms allocate CSR funds to the mission, mobilise employees for cleanliness drives in identified localities, and sponsor local billboards to promote the cleanliness message, with the Swachh Bharat Kosh identified as a mechanism to receive CSR and philanthropic contributions.
    September 14, 2017
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    Secretarial standards adoption guides MACS to benchmark ICSI norms for board and general meeting procedures.
    The Ministry of Corporate Affairs approved MACS's request to adopt ICSI Secretarial Standards as the benchmark for developing MACS standards; specifically the Secretarial Standard on Meetings of the Board of Directors and the Secretarial Standard on General Meetings, which were earlier approved under the statutory approval mechanism and effective from 1 July 2015.
    September 5, 2017
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    Restriction on bank accounts for struck off companies: directors lose account authority until legal restoration restores company status.
    Removal from the Register under the strike off process renders companies ceased to exist and converts incumbent directors and authorized signatories into ex directors and ex signatories, who cannot operate company bank accounts until the company is legally restored to active status; banks are instructed to restrict accounts of struck off companies and to consult the Registrar wise published list, while applying enhanced diligence to companies with statutory filing defaults.

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