Ministry of Corporate Affairs Current Affairs - 2020

President Kovind presents National Corporate Social Responsibility Awards

President Ram Nath Kovind presented the National Corporate Social Responsibility Awards (NCSRA) to selected companies in New Delhi. These awards are highest recognition given by Government of India in domain of CSR and are awarded to companies for their outstanding contribution in area of Corporate Social Responsibility (CSR). About National Corporate Social Responsibility Awards (NCRSA) 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…

CEA Krishnamurthy Subramanian appointed part-time member in IBBI

Krishnamurthy Subramanian, Chief Economic Adviser (CEA) and B. Sriram, former managing director (MD) and chief executive officer (CEO) of Industrial Development Bank of India (IDBI Bank) were appointed part-time members of Insolvency and Bankruptcy Board of India (IBBI). K Subramanian, an Indian School of Business (ISB) Hyderabad professor was appointed chief economic adviser for a Read More…

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…

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…