corporate affairs ministry

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    FM: ED Targets Economic Offenders with Asset Confiscation

    New Delhi, March 30 The Enforcement Directorate has investigated 1,105 cases of bank fraud under the PMLA and has attached proceeds of crime worth Rs 64,920 crore, Finance Minister Nirmala Sitharaman said on Monday.In the Lok Sabha, Sitharaman also said the Fugitive Economic Offenders Act...
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    Government Analysis Reveals Reasons for Low PMIS Offer Acceptance

    New Delhi, March 23 Factors such as location, longer internship duration, and lack of interest in the offered roles are among the reasons why many candidates are not accepting the offers made under the Prime Minister Internship Scheme (PMIS), according to the government.In the first and second...
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    Panel Calls for Stronger Competition Regulation

    New Delhi, March 15 The regulator, CCI, should intensify proactive monitoring of duopolistic or high-concentration sectors through regular market studies, competition risk assessments, and targeted interventions, as they are showing disproportionate market power, a Parliamentary panel has said...
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    Regulatory Approval Grants JSW Dulux Status to Former Akzo Nobel India

    New Delhi, March 12 Akzo Nobel India, a manufacturer of paints and coatings, in which JSW Paints has acquired a majority stake, has received approval from the Ministry of Corporate Affairs (MCA) to change its name to JSW Dulux.According to a regulatory filing from the company, the ministry has...
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    Cabinet Approves Amendments to Insolvency and Companies Laws

    New Delhi, March 10 The Union Cabinet approved amendments to the insolvency law and the Companies Act on Tuesday, according to sources.Specific details could not be immediately ascertained.The sources said that the Cabinet has approved various amendments to the Insolvency and Bankruptcy Code...
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    NCLT Performance: 85% Resolution Rate and Stakeholder Cooperation

    New Delhi, February 13 Highlighting the benefits of the insolvency law and the tribunal's performance, NCLT President Chief Justice (Retd) Ramalingam Sudhakar said on Friday that people should stop making unwanted comments about them.The National Company Law Tribunal (NCLT) is a key...
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    Companies Act: Record of Penalties and Company Strikes

    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...
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