IL&FS, which arranged financing for infrastructure projects, has amassed huge debts and has defaulted on payment obligations for some.
The Serious Fraud Investigation Office (SFIO) has arrested Bhushan Steel's former promoter Neeraj Singal for allegedly siphoning off funds worth over Rs 2,000 crore.
Accordingly, the institute has formed a panel to work on it and is expected to submit its report by end of March.
Continuing clampdown on illicit fund flows, govt has already struck off more than 2.24 lakh companies that have not been doing business for long and has disqualified over 3 lakh directors associated with such entities.
New Delhi: Within days of regulator Sebi's barb, listed corporations have begun operating from pillar to publish to nominate women directors on their respective boards with no less than 50 such appointments being made Tuesday
New Delhi: The leakgate scandal is getting bigger with the passing day.The Central Bureau of Investigation has hinted that ministry of corporate affairs may come under leakgate scandal as confidential government documents were sold to
New Delhi: India saw as many as 264 new companies being set up every day on an average during January with most of them getting registered in Maharashtra.Starting off the new year on a robust
New Delhi: Government today extended the deadline for giving comments on the third and fourth tranches of draft rules for the new Companies Act to November 10. The new legislation, replaces the nearly six decade
NEW DELHI: To safeguard investors from fraudulent money-collection schemes, the government today proposed mandatory insurance cover for public deposits garnered by companies and hefty penalty of up to 18 per cent annual interest for defaulters.The
New Delhi: A high-level panel headed by Economic Affairs Secretary Arvind Mayaram is likely to submit a report on alleged irregularities at beleaguered bourse National Spot Exchange Ltd (NSEL) on Monday to Finance Minister P
New Delhi, Apr 25: The corporate affairs ministry is likely to order a probe into functioning of Saradha group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors.Corporate affairs minister Sachin
New Delhi, Apr 26: The corporate affairs ministry is likely to order a probe into functioning of Saradha group companies amid growing controversy over the Kolkata-based entity allegedly duping thousands of investors.Corporate affairs minister Sachin
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