MCA

The scheme would target providing 125,000 internship opportunities to youth aged 21 to 24 in FY 2024-25 with a budget of Rs 800 crore

The Ministry of Corporate Affairs would make the portal open for candidates to apply from October 12th to October 25th

The MCA has held industry consultations on the scheme before finalising the guidelines. The ministry will also put in place checks and balances in the scheme to ensure transparency

This will ensure greater transparency and discourage delayed payments to small enterprises

Earlier, once annual KYC was filed, mobile numbers and email IDs could not be updated till April the next year

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The Ministry of Corporate Affairs on Wednesday said proceedings initiated against edtech player BYJU'S under the companies law are "still ongoing" and a final conclusion cannot be drawn in the matter at this stage. Last year, the ministry ordered the inspection of the books of BYJU'S in the wake of various developments at the edtech company, including its inability to finalise the statements and the resignation of an auditor. In a statement on Wednesday, the Ministry of Corporate Affairs (MCA) said reports claiming that BYJU'S has been cleared of financial fraud in an ongoing investigation by it are "factually incorrect and misleading". "The proceedings initiated by MCA under the Companies Act, 2013, are still on going and no final conclusion should be drawn in this matter at this stage," it added. In July 2023, MCA asked the office of the Regional Director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru. Think & ...

These discussions have involved representatives from notable firms who have independently submitted their recommendations to the ministry

The rules surrounding MPS requirements have differed for PSUs compared to their private sector counterparts

Merger transactions with acquisition targets having assets under Rs 450 cr or turnover below Rs 1,250 cr are exempt from CCI approval

The penalty for anti-competitive practices will not initially be imposed on global and total turnover but adjusted over the penalty calculated on the relevant turnover of the company

NCLT has directed the parties to file written submissions of their contentions in three days. It has also issued notice to Ministry of Corporate Affairs (MCA) and Registrar of Companies (ROC)

Many gullible borrowers are often defrauded of their money by fraudulent loan apps

The edtech company's financial disclosures had also come under the Institute of Chartered Accountants of India's (ICAI's) scanner because of a 22-month delay in submission of financial reports

The Misinformation Combat Alliance (MCA) and Meta have announced that a dedicated fact-checking helpline on WhatsApp - aimed at combating deepfakes and deceptive AI-generated content - will be available for the public in March 2024. The pledge to crack down on deepfakes comes at a time when the world's largest democracy is preparing for general elections. The Lok Sabha elections are due in April-May this year. "The Misinformation Combat Alliance (MCA) and Meta are working on launching a dedicated fact-checking helpline on WhatsApp in an effort to combat media generated using artificial intelligence (AI) which may deceive people on matters of public importance, commonly known as deepfakes, and help people connect with verified and credible information," according to a release. The helpline will be available for the public to use in March 2024, it added. MCA is a cross-industry alliance bringing companies, organisations, institutions, industry associations and entities together to ..

The Finance and Corporate Affairs Minister, Nirmala Sitharaman, is likely to convene a meeting in this regard this month

A framework for trusted fact-checkers in India has been under discussion for over 10 months

The financials revealed by Byju's are based on an 'unqualified FY22 audit'; it will file the financials with MCA in the next few weeks, according to the sources

In her Budget speech last year, Finance Minister Nirmala Sitharaman had introduced the inception of C-PACE for the 2022-23 fiscal year

The expansion comes in response to the rapidly growing fleets of airlines such as IndiGo and Air India