Corporate fraud convictions go up to 114 in FY20: govt ANI | Updated: Mar 16, 2021 14:51 IST
New Delhi [India], Mar 16 (ANI): The number of convictions for fraud by companies jumped to 114 in 2019-20 as compared to 95 in FY19 and 23 in FY18, the government said on Tuesday.
At the same time, the number of companies or individuals prosecuted went up to 19 in FY20 as against 9 in FY19 and 16 in the previous fiscal year.
New Delhi [India], March 16 (ANI): As many as 324 companies have filed for bankruptcy between 2018 to 2020, informed the Ministry of Corporate Affairs on Tuesday.
CSR funds not used for implementing govt schemes: MoS Finance
SECTIONS
Last Updated: Mar 16, 2021, 04:29 PM IST
Share
Synopsis
Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said there is a clear definition in the Schedule 7 of the Companies Act 2013 where all CSR funds can be spent.
Minister of State for Finance and Corporate Affairs Anurag Singh Thakur
The government on Tuesday informed Parliament that corporate social responsibility (CSR) funds are not used for implementing the government s central schemes.
Minister of State for Finance and Corporate Affairs Anurag Singh Thakur, during Question Hour in the Rajya Sabha, said there is a clear definition in the Schedule 7 of the Companies Act 2013 where all CSR funds can be spent.
CPI(M) sees red over Anurag Thakur’s statement on steel plant
Updated:
Updated:
‘The threats ruffled the feathers of Telugus’
Share Article
‘The threats ruffled the feathers of Telugus’
The CPI(M) district committee has condemned the statements of the Centre that it will shut down the Visakhapatnam Steel Plant (VSP), even as the agitation for its protection is growing by the day.
Describing the statements of Union Minister of State for Finance and Corporate Affairs Anurag Singh Thakur as ‘threats’, party district committee secretary K. Lokanadham said, in a statement here on Wednesday, that the threats had ruffled the feathers of Telugus. He called upon all political parties to condemn the adamant attitude of the Centre.
Over 10,000 companies were shut down voluntarily in the country from April 2020 till February this year, also a period when the coronavirus pandemic and subsequent lockdowns had significantly disrupted economic activities. The latest data available with the Ministry of Corporate Affairs (MCA) showed that a total of 10,113 companies were struck off under Section 248(2) of the Companies Act, 2013, in the current financial year till February. The Section 248(2) implies that the companies had shut their businesses voluntarily and not due to any penal action. The ministry administers the Act and maintains the registry of companies on the basis of documents and applications filed.