New Delhi, March 24 Whirlpool of India Ltd on Tuesday asserted that its proposal to redesignate Anil Berera as a non-executive Independent Director is fully compliant with the applicable legal framework.Responding to proxy advisory firms, IiAS and SES, which have raised concerns over the...
anil berera
board of directors
companiesact2013
corporate governance
governance
independent director
key managerial personnel
non-executive director
postal ballot
proxy advisory firms
remuneration
sebi listing regulations
shareholder approval
special resolution
whirlpool of india ltd
New Delhi, March 23 As many as 179 government-owned companies, including public sector enterprises, do not have a single female director as required under the Companies Act, the government said on Monday.Under the Companies Act, 2013, a certain class of companies are required to have at least...
Kochi, March 23 The Kerala High Court division bench on Monday stayed the single bench order that had disqualified all office-bearers and the entire Board of Directors of the SNDP Yogam, including its general secretary Vellappally Natesan, over alleged non-compliance with statutory requirements...
board of directors
companiesact2013
court stay
disqualification of directors
ezhava community
kerala high court
legal proceedings
m k sanoo
national company law tribunal
petition
sndp yogam
sree narayana dharma paripalana
statutory requirements
thushar vellappally
vellappally natesan
New Delhi, March 22 The National Company Law Tribunal (NCLAT) has exempted IL&FS Group companies – categorized as ‘red’ and ‘amber’ – from corporate social responsibility (CSR) obligations due to accrued interest expenses on their loans.This order will benefit approximately 50 ‘amber’ and...
amber entities
asset resolution
companiesactcompaniesact2013
corporate social responsibility
creditors
csr obligations
debt moratorium
financial distress
financial reporting
il&fs group
national company law tribunal
nclat
red entities
section 135
section 198
New Delhi, March 17 The government has imposed penalties totaling nearly Rs 20 crore on various companies for non-compliance with CSR norms in the last three financial years.Under the Companies Act, certain profitable firms are required to spend at least 2% of their three-year annual average...
New Delhi, March 13 A parliamentary panel has suggested that the regulatory body, NFRA, conduct sectoral studies to identify industry-specific accounting and auditing challenges, as well as to establish sector-specific accounting guidance to boost investor confidence.The National Financial...
Kochi, March 12 The Kerala High Court on Thursday disqualified all the office bearers and the entire Board of Directors of the SNDP Yogam, including its general secretary Vellappally Natesan, over non-compliance of statutory requirements under the Companies Act by the organisation.Justice T R...
companiesact2013companies fresh start scheme (cfss)
director identification number (din)
disqualification of directors
ezhava community
gokulam gopalan
inspector general of registration (igr)
kerala
kerala high court
m n soman
non-filing of financial statements
section 164(2)
sndp yogam
sree narayana dharma paripalana (sndp) yogam
thushar vellappally
vellappally natesan
New Delhi, March 9 The Central Information Commission (CIC) has advised the National Financial Reporting Authority (NFRA) to make orders, directions, circulars, and policy decisions affecting audit practices and standards publicly available.This observation came while disposing of a second...
accounting standards
audit firms
audit practices
audit standards
auditors
central information commission
cic
companiesact2013
compliance
financial reporting
information disclosure
national financial reporting authority
nfra
public interest
rti act
transparency
New Delhi, March 2 The securities regulator, Sebi, on Monday imposed penalties totaling ₹38 lakh on Coffee Day Enterprises Ltd and several of its officials for failing to comply with mandatory accounting and disclosure requirements while preparing financial statements.In its order, Sebi...
accounting standards
coffee day enterprises ltd
companiesact2013
financial disclosure
financial misstatements
financial reporting
financial statements
ind as
india
interest costs
k r mohan
lodr regulations
malavika hegde
penalty
regulatory compliance
s v ranganath
sebi
New Delhi, February 28 The appellate tribunal, the NCLAT, has declined to stay an order of the National Company Law Tribunal, which has admitted a class action petition against Jindal Poly Films, filed by its shareholders.A two-member NCLAT bench held that the petition filed by the minority...
ankit jain
class action petition
companiesact2013
fraudulent conduct
jindal india thermal power
jindal poly films
jindal powertech
misappropriation of funds
national company law tribunal
nclat
rina jain
ruchi jain hanasoge
section 245
share price decline
shareholder dispute
New Delhi, February 25 The government has released draft income tax forms that require disclosure of the tenant-landlord relationship to claim I-T deductions, and increased the responsibility of auditors and companies for claiming tax credits on foreign income.The draft forms also propose to...
audit observations
companiesact2013
foreign tax credit (ftc)
form 124
form 44
house rent allowance (hra)
income tax
india
pan application
stakeholder consultation
tax audit
tax audit form no 26
tax compliance
tax deductions
tenant-landlord relationship
New Delhi, February 9 The government imposed penalties totaling over ₹55 crore on 703 companies for non-compliance with the provisions of the Companies Act in the first nine months of the current financial year.While providing the data in a written reply to the Lok Sabha on Monday, Minister of...