Tag: Companies

A total of 115 companies have filed their application under the Production Linked Incentive (PLI) Scheme for Automobile and Auto Component Industry in India which was notified on 23rd September 2021. The scheme was open for receiving applications till 23:59:59 hours IST on 9th January 2022. Incentives are applicable under the scheme for determined sales of Advanced Automotive Technology (AAT) products (vehicles and components) manufactured in India from 1st April 2022 onwards for a period of 5 consecutive years. The Government has approved the Production Linked Incentive (PLI) Scheme for Automobile and Auto Components Industry ... Read more

“Cloaked Search plugs a critical hole in the market and in most organizations’ layered defense strategy,” Walsh said. “Before now, protecting data meant encrypting it, and encrypting it meant making it hard to find and use. With Cloaked Search, organizations can encrypt their data without sacrificing functionality.” IronCore Labs, the leading provider of data security for modern cloud applications, announced today the launch of Cloaked Search, a drop-in encrypted search solution to protect sensitive data held in existing search services, and a partnership with OpenSearch, a community-driven, open-source search service. “Encrypting data is the best way to protect data from ... Read more

As on 30th June 2021, 4,540 companies were admitted into Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC). This was stated by Union Minister of State for Corporate Affairs Shri Rao Inderjit Singh in a written reply to a question in Rajya Sabha today. Giving details on the resolution status, the Minister stated that 394 companies were resolved till 30th June 2021 wherein financial creditors (FCs) including financial institutions, had total claims amounting to Rs 6.80 lakh crore, out of which Rs 2.45 lakh crore have been realised, which is 36% of their claims. The Minister further stated ... Read more

Ministry of Corporate Affairs MCA amended Companies Act 2013 to mitigate blow by COVID-19 pandemic Posted On: 09 FEB 2021 5:55PM by PIB Delhi The Ministry of Corporate Affairs (MCA) has taken various measures to address the COVID-19 pandemic by making amendments in the Companies Act, 2013, Rules made thereunder and by issuing various circulars…