Essar Steel: CoC approval of ArcelorMittal bid is flawed and illegal, says StanChart
Throwing a spanner into ArcelorMittal’s bid to acquire Essar Steel, Standard Chartered Bank (SCB) has said it received the revised resolution plan […]
Month: November 2018
NFRA to punish Chartered Accountants for signing balance Sheets Blindly
The National Financial Reporting Authority, the new regulatory would take stern action against the chartered accountants who sign the balance sheets without […]
Allow audit firms to offer legal services: MCA panel
An expert panel constituted by the ministry of corporate affairs (MCA) has recommended that Advocates Act be amended to allow audit firms […]
Life to get less taxing for minor violations of Companies Act
The government is finalising rules to make life simpler for minor violations of the Companies Act through time-bound adjudication, along […]
IBC has led to the resolution of unpaid claims of nearly 3,00,000 crores: Injeti Srinivas
The Insolvency and Bankruptcy Code (IBC) has led to the resolution of unpaid claims of nearly 3,00,000 crores with most of the […]
Govt’s new platform to alert regulators on risky entities
Wiser from the IL&FS collapse, the government is setting up an algorithm-based platform to alert regulators about companies which are perceived to […]
Govt to introduce pre-packaged bankruptcy schemes to speed up resolution process
To make resolution of bankrupt companies easier, the Centre seeks to introduce a quick rescue option for corporate entities which will unfold […]
Central Scrutiny Centre: An algorithm will now sniff out risky firms
To make sure sudden defaults don’t occur at big companies the government will use artificial intelligence to sniff out risky companies It […]
‘Mutual fund M&As will cease after SEBI directs reclassification
Mergers and consolidation may not happen in the mutual fund industry after the market regulator directed reclassification of various schemes at a […]
Auditors push real estate players to buy title insurance, threaten to quit if they don’t
Accounting firms are turning up the heat on real estate developers to push them to buy insurance for projects Sources told that […]