The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of the Companies Act, 2013 and Section 43(3)(c)(i) of Limited Liability Partnership Act, 2008.
The investigation has been ordered with respect to companies and LLPs belonging to Mr Nirav Modi (Firestar Diamond group) and Mr Mehul Chinubhai Choksi (Gitanjali Group) to be carried out by the Serious Fraud Investigation Office (SFIO) connected with Punjab National Bank Fraud wherein all matters in their entirety will be examined. The investigation is under progress.
This was stated by Shri P.P. Chaudhary, Minister of State for Corporate and Law & Justice in Lok Sabha today.
Modified Norms for Nomination in Demat Accounts and Mutual Fund Folio SEBI has modified Norms on Nomination to be implemented…
Corporate Social Responsibility implementation through zero coupon zero principal instruments Ministry of Corporate Affairs (MCA) has authorised Corporate Social Responsibility…
Bar Council of India notifies the directions for the election disputes in 2026 State Bar Council election Pursuant to the…
Indian Overseas Bank Concurrent Audit Empanelment for the financial year 2026-27 (from 01.07.2026 to 30.06.2027) Indian Overseas Bank has…
Once Committee of Creditors in its commercial wisdom, decides to reject the Resolution Plan and liquidate the Corporate Debtor on…
Supreme Court refers the question of applicability of moratorium under IBC on proceedings u/s 138 of the NI Act to…