The Corporate Affairs Min has floated an initial draft of the NFRA rules for select stakeholder consultations, two sources who are in the accounting and auditing profession said.
The government identified over 2.25 lakh companies which have not filed requisite financial statement since two years, may be struck off
The govt has initiated work for putting in place a system wherein unlisted cos will be required to keep their shares in dematerialised form, a senior official said.
The MCA is looking into cos involved in ICICI Bank controversy of alleged conflict of interest in Kochhar's dealings with certain borrowers, according to an official.
As many as 73,000 companies that have been deregistered deposited Rs 24,000 crore in bank accounts post demonetisation, according to government data.
The I-T Dept is an "aggrieved creditor" to many de-registered shell companies and will petition the NCLT to recover tax dues of crores of rupees.
The government has begun a search process to find the next chairperson of fair trade regulator Competition Commission of India (CCI) after the end of the tenure of incumbent D K Sikri later this year.
SFIO is probing three companies -- Ruchi Soya, Sterling Biotech and Kanishk Gold - that are already under the regulatory scanner for loan defaults.
The Income Tax department said certificate of incorporation issued by the Corporate Affairs Ministry will be considered sufficient proof of PAN or TAN for corporates.
"If the SFIO considers it necessary to make a reference to the ministry, it is well within its ambit," he told reporters.