MCA raises thresholds for merger regulation
[ad_1] New Delhi: Businesses seeking to merge will need permission from the Competition Commission of India (CCI) only if their combined assets and turnover cross higher thresholds set out on…
Number of active companies crosses 1.6 million, led by service sector: MCA
[ad_1] New Delhi: The number of active companies in India crossed 1.62 million as of the end of October, with over 96,800 being formed this financial year, led by service-sector…
Centralised facility speeds up removal of defunct companies
[ad_1] The removal of defunct companies from official records has gained pace under a new centralised facility the government set up in April, boosting the massive clean-up drive. According to…
New rules require LLPs to be more open about beneficial ownership
[ad_1] New Delhi: The ministry of corporate affairs has mandated that limited liability partnerships (LLPs) be more open about their beneficial owners by stepping up reporting obligations for firms and…
File returns by due date: MCA to firms
[ad_1] New Delhi: The ministry of corporate affairs has asked businesses to file their annual returns and financial statements for FY23 by the due date in order to avoid having…
Over 14,000 firms incorporated in Sept
[ad_1] New Delhi: Over 14,000 companies were incorporated in September, marking a rise of over 3% over a year ago, official data from the ministry of corporate affairs showed. The…