Corporate Updates – 04-08-2014


MCA proposes to initiate a new central sector plan scheme "Corporate Data Management" during the current plan period With a total cost of the proposal over the proposed duration will be Rs. 33.94 Crore to be spent over 3 year period (2014-2017). NCA has been implementing an e-governance project, “MCA21” since 2006. It has fully automated the process of working and administration of the Companies Act. However, the utilization of the electronic information available in MCA repository is very limited. Only few Government organizations access some customized corporate sector data in response to their specific requests on ad-hoc/ felt-need basis from time to time. Clearly, therefore, this wealth of information is woefully underutilized. The draft memorandum for the standing finance committee for the scheme has been circulated to concerned ministries/departments for their comments, suggestions, etc. On the proposed scheme are invited from all stakeholders for consideration by the ministry.


RBI has decided that the all-in-cost ceiling as specified under External Commercial Borrowing (ECB) Policy will continue to be applicable till December 31, 2014 and is subject to review thereafter and all other aspects of ECB policy remain unchanged. AD Category-I banks may bring the contents of this circular to the notice of their constituents and customers concerned.

News from NIRC of ICSI

Today, the 4th August, 2014, NIRC of ICSI is organising Half Day Seminar on “APPLICABILITY OF VARIOUS LAWS – PLEADINGS & PRACTICE BEFORE CLB/NCLT UNDER COMPANIES ACT, 2013” at 3:00 PM to 07:00 PM at ICSI-NIRC Building, 4, Prasad Nagar Institutional Area, New Delhi. Fee : NIL; PCH – 2.

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