Companies Act 2013 Current Affairs - 2019

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NALCO to get President’s award for excellent CSR in social development

National Aluminium Company Limited (NALCO), an Odisha-based Navaratna Company has been selected for President’s award for utilisation of Corporate Social Responsibility (CSR) fund in social development. NALCO was selected for its Aliali Jhia Scheme. About Aliali Jhia In 2015 NALCO started a scheme called Aliali Jhia. The scheme was on the line of Beti Bachao Read More…

Month:  Categories: Awards & Honours

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Government plans introducing AI system in MCA 21 portal

The Ministry of Corporate Affairs (MCA) has laid out its plans to introduce artificial intelligence (AI) system in its MCA 21 portal. It will be introduced when Ministry will roll out the Version 3 of the MCA 21. Key Highlights Background: In early 2019, the Ministry of Corporate Affairs sought applications from various service providers Read More…

Month:  Categories: Business, Economy & Banking

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Cabinet approves additional posts in NCLAT

The Union Cabinet has approved the creation of six additional posts in the National Company Law Appellate Tribunal (NCLAT). The proposal involves the creation of three additional posts each for judicial members and technical members in the NCLAT. The creation of additional posts will help meet the mandate provided to NCLAT by the Finance Act Read More…

Month:  Categories: Governance & PoliticsUPSC

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Government promulgates Companies (Amendment) Ordinance, 2019

The government has re-promulgated the Companies (Amendment) Ordinance, 2019 to amend the Companies Act 2013. Even though the Companies (Amendment) Bill, 2018 for this effect was passed in Lok Sabha, it was pending before Rajya Sabha. The ordinance was first issued in November and would have ceased to be operational from January 21. Hence the Read More…

Month:  Categories: Constitution & LawUPSC

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Lok Sabha Passes the Companies (Amendment) Bill, 2018

The Lok Sabha has passed the Companies (Amendment) Bill, 2018. The bill aims to amend the Companies Act, 2013. The bill would replace the ordinance promulgated on November 2018. Features of the Companies (Amendment) Bill, 2018 The features of the bill are: It provides for re-categorisation of offences. The bill re-categorises 16 offences including the issuance Read More…

Month:  Categories: Constitution & Law

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Parliament passes The Companies Amendment Bill, 2017

The Parliament has passed Companies (Amendment) Bill, 2017 to strengthen corporate governance standards, initiate strict action against defaulting companies and help improve ease of doing business in the country, The bill provides for more than 40 amendments to Companies Act, 2013. It will help in simplifying procedures, make compliance easy and take stringent action against Read More…

Month:  Categories: Constitution & Law

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Union Ministry of Youth Affairs & Sports revises Rashtriya Khel Protsahan Puruskar Scheme

The Union Ministry of Youth Affairs & Sports has revised the Scheme of Rashtriya Khel Protsahan Puruskar. This scheme was introduced by government in 2009 to encourage involvement of corporates and sports promotion boards in the development of sports in the country. Revised Scheme of Rashtriya Khel Protsahan Puruskar According to the revised plan, this Read More…

Month:  Categories: Government Schemes & ProjectsSports & Games

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