Companies Act Current Affairs - 2020

Fifth Tranche of Atma Nirbhar Bharat Abhiyan announced

On May 17, 2020, the Union Finance Minister Nirmala Sitaraman announced the fifth and final tranche of Atma Nirbhar Bharat Abhiyan. The scheme is to implement several measures to fight COVID-19 at an allocated budget of Rs 20 lakh crore economic packages Highlights Under the fifth tranche of the scheme, the finance minister announced seven Read More…

National Land Management Corporation recommended by National Infrastructure Pipeline Task Force

The Task Force on National Infrastructure Pipeline recently submitted its report to the Finance Minister Smt Nirmala Sitaraman. Under the report, the task force has recommended to set up National Land Management Corporation. Highlights The National Land Management Corporation will help to monetize state-owned surplus lands in a systematic way. The Task Force recommends to Read More…

IRCTC Revenue doubles; 14% increase in profits

The earnings from internet ticketing services of IRCTC (Indian Railway Catering and Tourism Corporation) increased by 80.8% between the period April, 2019 and September, 2019. The earnings in the four-month period is Rs 199.3 crores. It was Rs 199.3 crore before April, 2019. The revenue has almost doubled. IRCTC is an exclusive e-ticketing partner of Read More…

Government relaxes norms for shares with differential voting rights

Union Ministry of Corporate Affairs (MCA) has amended provisions relating to issue of shares with Differential Voting Rights (DVRs) provisions under Companies Act. This move is aimed at enabling promoters of Indian companies to retain control of their companies in their pursuit for growth and creation of long-term value for shareholders, even as they raise Read More…

IEPF Authority recovers Rs 1514 Cr of Depositors Money

The Investor Education and Protection Fund (IEPF) Authority in a major success has recovered deposits worth Rs 1,514 crore from Kolkata-based Peerless General Finance and Investment Company. This money of depositors was pending with the company for the last 15 years. Investor Education and Protection Fund Authority Investor Education and Protection Fund (IEPF) was established Read More…