Corporate Affairs Ministry

Companies can conduct board meetings through video conference, says govt amid coronavirus outbreak

The government on Thursday allowed companies to conduct board meetings through video conference and other audio visual means till 30 June, as part of precautionary measures to curb the spreading of coronavirus infections

SFIO makes arrests in Rs 6,500 cr worth accounting fraud at Rotomac, Frost International

The Serious Fraud Investigation Office (SFIO) has arrested at least three individuals in connection with alleged accounting fraud worth Rs 6,500 crore at Rotomac group of companies and Frost International Ltd, according to official sources

ICAI to issue advisory on dealing with coronavirus impact on auditing work; document for corporates, auditors to be released before 31

It will be an advisory for auditors and companies on how to deal with the impact of the coronavirus outbreak

Govt receives 121 applications for compounding CSR-related offences

Under the companies law, certain classes of companies have to shell out at least two percent of the average net profits, made during the three immediately preceding financial years, towards Corporate Social Responsibility (CSR) activities.

IndiGo promoter spat: Govt seeks reply from InterGlobe Aviation on allegations of governance lapses; more directors on board likely

Meanwhile, another report claimed that the board of InterGlobe Aviation may consider a proposal to induct new directors at its board meeting scheduled to be held on Friday.

Deloitte stops non-audit services to public interest entities in India; says move to increase people's confidence in auditor independence

In a statement, Deloitte said this voluntary action is in the spirit of self-regulation and extends beyond non-audit services permissible under prevailing rules and regulations in India.

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February

Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.

Infosys whistleblower case: 'Not received any SEBI request for further audit', says IT major

Infosys on Friday said it has not received any request from SEBI for conducting further investigation in the whistleblower case where top executives were accused of rigging the company's balance sheet

Infosys whistleblower case: SEBI may call for forensic audit on allegations of financial irregularities in IT major

In October last year, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.

Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report

CG Power's board sacked Thapar after Vaish Associates' audit report, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power