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    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    August 5, 2026
    Show AI Summary
    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
    Show AI Summary
    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
    Show AI Summary
    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
    Show AI Summary
    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
    Show AI Summary
    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
    Show AI Summary
    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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      Corp. Laws, SEBI & IBC

      Registered Companies with ROC

      December 4, 2015

      Contents
      Acts
      Rules & Regulations
      Summary
      Note

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      Companies registered with Registrar of Companies (ROCs), State/UT-wise as on 26.11.2015 is at Annexure – I. Number of closed companies, State/UT-wise during the last three years and current financial year is at Annexure - II.

       Section 560 of the Companies Act, 1956 (corresponding provision in Companies Act, 2013 is Section 248, which is not yet notified) provides for striking off the names of those companies which have not been carrying on business or not in operation, if the Registrar of Companies has a reason to believe so, after following prescribed procedure.   The Ministry had from time to time come out with Easy Exit Schemes to enable such companies which are not carrying on business or in operation, to apply for and get their names removed from the register.   The Ministry had also introduced a Fast Track Exit Scheme for defunct companies to approach the Registrar of Companies from time to time for striking off their names. As the scheme is still continuing, no separate/new proposal is under consideration of the Ministry.    The number of companies which have been struck off from the register of companies during the years 2012-13, 2013-14, 2014-15 and 2015-16 (till 04.11.2015) are given in Annexure-III.

      The Government has already brought out several changes in the registration process such as (i) the requirement for obtaining Director Identification Number by all Directors,   (ii) verification of the address of registered office by obtaining supporting documents, and   (iii) certification by a Company Secretary, Chartered Accountant, Cost Accountant or Advocate who, are required to personally visit the registered office and verify its existence. Detailed rules have been prescribed in Companies (Incorporation) Rules, 2014 in this regard.  Further, it is stated that while Companies Act, 2013 (Chapter XXI, Part-I) provides for registration of unregistered bodies, it does not mandate for all unregistered bodies/companies to be registered under the said Act.

      This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.

      Annexure –I

      Number of Companies registered, State/UT-wise, as on 26.11.2015

      Sl. No.

      State/UT

      Number of Companies

      1.

      Andaman and Nicobar Islands

      278

      2.

      Andhra Pradesh

      22566

      3.

      Arunachal Pradesh

      507

      4.

      Assam

      9568

      5.

      Bihar

      21129

      6.

      Chandigarh

      13091

      7.

      Chhattisgarh

      7780

      8.

      Daman and Diu

      309

      9.

      Delhi

      282539

      10.

      Dadar Nagar Haveli

      455

      11.

      Goa

      7495

      12.

      Gujarat

      83804

      13.

      Himachal Pradesh

      4916

      14.

      Haryana

      28522

      15.

      Jharkhand

      9476

      16.

      Jammu and Kashmir

      4246

      17.

      Karnataka

      83454

      18.

      Kerala

      39500

      19.

      Lakshadweep

      12

      20.

      Maharashtra

      307838

      21.

      Meghalaya

      1001

      22.

      Manipur

      462

      23.

      Madhya Pradesh

      30828

      24.

      Mizoram

      104

      25.

      Nagaland

      503

      26.

      Orissa

      19213

      27.

      Punjab

      26823

      28.

      Pondicherry

      2977

      29.

      Rajasthan

      47318

      30.

      Sikkim

      0

      31.

      Telangana

      80702

      32.

      Tamil Nadu

      118962

      33.

      Tripura

      350

      34.

      Uttar Pradesh

      70125

      35.

      Uttarakhand

      5013

      36.

      West Bengal

      187970

      Total

      1519836

      Annexure –II

      Annexure referred to in Part (a) of the Answer to Lok Sabha Unstarred

      Question No. 1043 for 04.12.2015

      Number of closed companies, State/UT-wise

      Sl. No.

      State/UT

      Year

      2012-13

      Year

      2013-14

      Year

      2014-15

      Year

      2015-16 (upto 26.11.2015)

      1.

      Andaman & Nicobar Islands

      0

      2

      0

      0

      2.

      Andhra Pradesh

      36

      287

      481

      181

      3.

      Arunachal Pradesh

      9

      11

      0

      2

      4.

      Assam

      118

      193

      29

      44

      5.

      Bihar

      26

      3

      115

      191

      6.

      Chandigarh

      464

      110

      359

      145

      7.

      Chhattisgarh

      22

      16

      46

      40

      8.

      Daman and Diu

      0

      3

      1

      2

      9.

      Delhi

      2012

      1726

      3098

      2900

      10.

      Dadar Nagar Haveli

      0

      2

      6

      4

      11.

      Goa

      48

      105

      73

      43

      12.

      Gujarat

      342

      619

      739

      867

      13.

      Himachal Pradesh

      144

      25

      36

      107

      14.

      Haryana

      144

      146

      244

      306

      15.

      Jharkhand

      15

      0

      35

      135

      16.

      Jammu and Kashmir

      14

      10

      35

      23

      17.

      Karnataka

      63

      920

      1005

      665

      18.

      Kerala

      259

      332

      329

      382

      19.

      Lakshadweep

      0

      0

      0

      0

      20.

      Maharashtra

      2018

      2188

      2846

      2118

      21.

      Meghalaya

      19

      16

      5

      4

      22.

      Manipur

      5

      3

      0

      1

       23.

      Madhya Pradesh

      147

      237

      206

      371

       24.

      Mizoram

      10

      7

      0

      0

      25.

      Nagaland

      12

      10

      0

      3

      26.

      Orissa

      1182

      221

      415

      52

      27.

      Punjab

      1098

      136

      586

      205

      28.

      Pondicherry

      16

      18

      16

      24

      29.

      Rajasthan

      195

      300

      852

      685

      30.

      Sikkim

      0

      0

      0

      0

      31.

      Telangana

      0

      0

      6923

      704

      32.

      Tamil Nadu

      1367

      1192

      1031

      1079

      33.

      Tripura

      10

      11

      2

      2

      34.

      Uttar Pradesh

      200

      173

      553

      996

      35.

      Uttarakhand

      3

      0

      90

      38

      36.

      West Bengal

      4562

      1796

      1869

      1611

       

        Annexure –III

      Annexure referred to in Part (b) to (d) of the Answer to Lok Sabha Unstarred

      Question No. 1043 for 04.12.2015

      Number of companies struck off, State/UT-wise

      Sl. No.

      State/UT

      Year

      2012-13

      Year

      2013-14

      Year

      2014-15

      Year

      2015-16 (upto 04.11.2015)

      1.

      Andaman & Nicobar Islands

      0

      2

      0

      0

      2.

      Andhra Pradesh

      13

      251

      268

      1

      3.

      Arunachal Pradesh

      2

      11

      0

      1

      4.

      Assam

      71

      190

      25

      31

      5.

      Bihar

      25

      3

      133

      157

      6.

      Chandigarh

      364

      107

      337

      120

      7.

      Chhattisgarh

      4

      20

      28

      0

      8.

      Daman and Diu

      0

      2

      0

      0

      9.

      Delhi

      1307

      1050

      2020

      1719

      10.

      Dadar Nagar Haveli

      0

      1

      4

      4

      11.

      Goa

      22

      86

      50

      0

      12.

      Gujarat

      367

      367

      462

      662

      13.

      Himachal Pradesh

      146

      35

      21

      94

      14.

      Haryana

      96

      123

      195

      207

      15.

      Jharkhand

      11

      0

      100

      57

      16.

      Jammu and Kashmir

      5

      19

      25

      0

      17.

      Karnataka

      219

      634

      829

      587

      18.

      Kerala

      253

      319

      321

      361

      19.

      Lakshadweep

      0

      0

      0

      0

      20.

      Maharashtra

      1131

      1356

      1756

      890

      21.

      Meghalaya

      14

      15

      4

      3

      22.

      Manipur

      4

      3

      0

      0

      23.

      Madhya Pradesh

      0

      245

      194

      286

      24.

      Mizoram

      1

      7

      0

      0

      25.

      Nagaland

      8

      10

      0

      3

      26.

      Orissa

      1248

      226

      431

      46

      27.

      Punjab

      771

      145

      558

      171

      28.

      Pondicherry

      13

      17

      20

      7

      29.

      Rajasthan

      166

      266

      569

      548

      30.

      Sikkim

      0

      0

      0

      0

      31.

      Telangana

      111

      554

      90

      0

      32.

      Tamil Nadu

      695

      932

      1017

      450

      33.

      Tripura

      7

      11

      2

      2

      34.

      Uttar Pradesh

      154

      433

      693

      412

      35.

      Uttarakhand

      0

      0

      84

      33

      36.

      West Bengal

      3880

      1662

      1147

      725

      Total

      11108

      9102

      11383

      7577

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