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The Latest Breaking News from the ministry of corporate affairs

NCLAT upholds SFIO's power to seek disgorgement of assets in IL&FS-linked case

NCLAT has dismissed appeals by audit firm BSR & Associates LLP and former partner N Sampath Ganesh, upholding SFIO’s authority to pursue asset attachment and disgorgement proceedings in the IL&FS Securities Services Ltd (ISSL) case.

The Economic Times

Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversion

A parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolvency proceedings. The committee noted a significant gap between avoidance transaction values and actual recoveries.

The Economic Times

Senior bureaucrat Deepti Gaur Mukerjee appointed as new Higher Education Secretary

Deepti Gaur Mukerjee has been appointed as the new Higher Education Secretary. She previously served as the Ministry of Corporate Affairs Secretary. Mukerjee praised the Indian Institute of Corporate Affairs for its collaborative platform.

The Economic Times

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Government approves senior bureaucrats' postings to IMF, ADB

The Centre has approved several key foreign postings for senior bureaucrats. Satyajit Mohanty will represent India at the International Civil Aviation Organization in Canada. Rahul Jain and Baldeo Purushartha are appointed to the IMF and Asian Development Bank respectively. Hemang Jani's tenure at the World Bank has been extended for…

The Economic Times

A flagship 2024 promise, a 99% shortfall: PM internship scheme spent nearly as much on ads as interns

It was the summer of 2025. The advertisements about the Narendra Modi government’s new internship scheme were splashed across newspapers, TV channels and social media. Like lakhs of others, P Adarsh*, 22, noticed them from his hometown Bhilai in Chhattisgarh. After finishing his degree in agricultural engineering a while ago,…

Newslaundry

Mahindra and Manulife Insurance JV Moves Ahead; Gets Approval from Ministry of Corporate Affairs

MUMBAI and HONG KONG, June 2, 2026 /PRNewswire/ -- Mahindra and Manulife announced their partnership to create a life insurance business on November 12, 2025. Both companies have confirmed the incorporation of the JV company as Mahindra Manulife Insurance Limited (MMIL), following approval from the Ministry of Corporate Affairs. The…

AAP

NSE Social Stock Exchange gets CSR boost as MCA clears corporate funding route. Check details

India's Social Stock Exchange receives a significant boost. Companies can now channel a portion of their Corporate Social Responsibility spending through this platform. This move aims to broaden funding for non-profit organizations. It also enhances transparency and accountability within the social impact sector. The Ministry of Corporate Affairs has amended…

The Economic Times

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The billionaire shakedown: How India changed its 'default' settings

India's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering trillions. While significantly boosting financial stability and economic growth, the law now faces challenges from judicial delays. Recent amendments aim to address these bottlenecks, ensuring the code's continued effectiveness in safeguarding India's economic progress.

The Economic Times

Jio Financial and Allianz Group formally launch 50:50 insurance JV

Jio Allianz General Insurance has been incorporated. Jio Financial Services and Germany's Allianz each hold a 50 percent stake. The new company will offer general insurance, including health insurance in India. This follows Allianz's earlier exit from a joint venture with Bajaj Finserv. The incorporation marks a new chapter for…

The Economic Times

Drone Federation India in trouble, PIL filed in Delhi High Court seeking CBI probe into forgery scandal

Tej Pratap Singh, an RTI activist, has approached the Delhi High Court, alleging that Drone Federation India (DFI) forged a No Objection Certificate (NOC) to rebrand itself and bypass legal process. Read further on Dynamite News:

Dynamite News

CMRL pay-off case | ED files case against Kerala CM’s daughter Veena, her IT company

Enforcement Directorate investigates alleged pay-off controversy involving Kerala Chief Minister's daughter, under Prevention of Money Laundering Act.

The Hindu

CMRL pay-off case: SFIO begins probe, inspects Aluva office

A team of officials representing the Serious Fraud Investigation Office (SIFO) under the Ministry of Corporate Affairs carried out an inspection at the corporate office of the Cochin Minerals and Rutiles Ltd (CMRL) at Aluva in Ernakulam district of Kerala on February 5 (Monday) as part of its probe into…

The Hindu

Critical vulnerability exposing personal data of VVIPs, company directors fixed by CERT-IN months after alert

A critical vulnerability that exposed the personal details of VVIPs, including top industrialists, celebrities and sports personalities, has been fixed by the Ministry of Corporate Affairs months after a cyber security expert flagged the issue

The Hindu

‘Unholy alliance’ of CPI(M)-Sangh Parivar may dilute probe into illegal financial dealings involving the company of Kerala CM’s daughter, alleges V. D Satheesan

Opposition Leader V.D. Satheesan has expressed doubts about the outcome of the probe ordered by the Ministry of Corporate Affairs against the company owned by the daughter of Chief Minister Pinarayi Vijayan

The Hindu

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RideApart

Hero MotoCorp In Hot Water Amid Alleged Diversion Of Funds

Following a case of alleged diversion of funds, Hero MotoCorp finds itself in hot water, with India's Ministry of Corporate Affairs ordering a probe.

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