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Created in the year 1967 as a service to administer the Companies Act, 1956 as the Company Law Service, it was renamed as Indian Company Law Service in the year 2002. The service functioned under Ministry of Finance (Department of Company Affairs) till 2004, after which an independent ministry by the name Ministry of Corporate Affairs was created to administer the Corporate Sector in India.
The National Company Law Tribunal (NCLT) is a quasi-judicial body in India that adjudicates issues relating to Indian companies. [1] The tribunal, established under the Companies Act 2013, was constituted on 1 June 2016 by the government of India and is based on the recommendation of the V. Balakrishna Eradi committee on law relating to the insolvency and the winding up of companies.
The 2013 Companies Act superseded the Companies Act of 1956, under whose provisions Indian corporations previously operated.In addition to the Companies Act, corporations are subject to other regulations administered by the Ministry of Corporate Affairs (MCA), [1] which has two branches: the Regional Director (RD) and the Registrar of Companies (ROC).
The Serious Fraud Investigation Office (SFIO) is a statutory agency in India tasked with investigating corporate fraud.It operates under the Ministry of Corporate Affairs, Government of India, with the mandate of detecting and prosecuting or recommending prosecution for white-collar crimes.
The Ministry of Corporate Affairs thereafter published a notification exempting private companies from the ambit of various sections under the act. [ 4 ] The Act increased the responsibilities of corporate executives in the information technology sector, increasing India's safeguards against organised cybercrime by allowing CEOs and CTOs to be ...
A 24-year-old law that’s foundational to the internet and the social media landscape that we know today will get the U.S. Supreme Court’s attention in 2023.
India Today was established in 1975 [7] by Vidya Vilas Purie (owner of Thompson Press), with his daughter Madhu Trehan as its editor and his son Aroon Purie as its publisher. [8] [9] At present, India Today is also published in Hindi, Tamil, Malayalam and Telugu. The India Today news channel was launched on 22 May 2015.
The National Company Law Tribunal is a quasi-judicial body in India that adjudicates issues relating to Indian companies. National Company Law Appellate Tribunal (NCLAT) was constituted under Section 410 of the Companies Act, 2013 for hearing appeals against the orders of National Company Law Tribunal(s) (NCLT), with effect from 1 June 2016.