Month: April 2019

IEPF Authority in a major success recovers Rs 1514 Cr of Depositors’Money

History of IEPF Authority IEPF Authority has been set up under the Ministry of Corporate Affairs, Government of India as a statutory body under Companies Act 2013 to administer the Investor Education and Protection Fund with the objective of promoting Investor’s Education, Awareness and Protection. The Authority takes various initiatives to fulfil its objectives through Investor Awareness Programmes and various other mediums like Print, Electronic, Social Media, and Community Radio etc. The size of IEPF Fund has almost doubled within one year with accumulated corpus of about Rs 4138 Cr. The companies have also transferred about 65.02 Cr valuing Rs...

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Supreme Court stayed NCLT proceedings against 76 builders

The Hon’ble Supreme Court has admitted the Writ petition challenging the constitutional validity of Amendment in the Insolvency and Bankruptcy Code (Second Amendment) Act 2018 which clarified that allottees under a real estate project should be treated as financial creditors. Hon’ble Supreme Court has stayed NCLT proceedings of following Builders:- 1. AARCITY BUILDERS PVT. LTD. 2. AKSHAYA PVT. LTD. 3. ALISA INFRATECH PRIVATE LIMITED – ARUN KUMAR 4. AMB INFRABUILD PVT. LTD. 5. AMR INFRA SOLUTIONS PRIVATE LIMITED 6. ANS APARTMENTS PRIVATE LIMITED 7. ANSAL CROWN INFRABUILD PVT. LTD. 8. ANSAL HITECH TOWNSHIPS LTD. 9. ANSAL PROPERTIES AND INFRASTRUCTURE...

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10 CS/CA/CMA Required In NFRA

The National Financial Reporting Authority (NFRA) has invited applications to engage up to 10 Chartered Accountants/Cost and Management Accountants/Company Secretaries on contractual basis. The applicant should possess the following qualification:- He/she should be a qualified Chartered Accountant/Cost Accountant/Company Secretary having passed the final examination of the Institutes concerned; He/ she should have a minimum of two years of experience post-passing their final examination; candidates with greater experience would be given preference. He/she should have good communication skills, both written and oral; Experience in conducting/participating in audits of large or listed companies is desirable. Interested persons may apply in the...

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CS Trainee Required – 18.04.2019

Post – CS Trainee  No. of Vacancies – 02 Firm Name – Sukhwinder Singh & Co. (Company Secretaries)  Location – New Patel Nagar, New Delhi – 110008 Stipend – 5,000/- Per Month Firm Website – You can email your cv at...

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The Ordinance states that a company may not commence a business, unless it- files a declaration within 180 days of incorporation, confirming that every subscriber to the Memorandum of the company has paid the value of shares agreed to be taken by him, and files a verification of its registered office address with the Registrar of Companies within 30 days of incorporation. If a company fails to comply with these provisions and is found not to be carrying out any business, the name of the Company may be removed from the Register of Companies.  Consequences for Not Filing Certificate...

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