Ministry of Corporate Affairs

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Ministry of Corporate Affairs
2.44 / 5 9 Reviews
New Delhi
India
2.449
2.44
There is no supervision of corporate governance - no inquiry or investigation even when whistle blowers bring it to their notice. Instead, sometimes, the whistle blower is killed in so called accidents or die under mysterious circumstances.
The share prices of various groups (xd etc.) are regularly manipulated and data is fudged - SEBI or stock exchanges just do not bother. Where is good governance Modiji?
Keep up the good work.
1No relief to small Private limited companies in the new Companies Act about accounting and auditing compliance's laid down in the new Companies Act 2013.
2.Barrowing restrictions on small private limited companies even though no Public/Bank money is involved.
Entire act is framed eyeing the default companies which involves Public /Banking funds but not addressed to capability to meet the compliance costs laid down in new Companies Act 2013 w.r.t. small companies which are running solely on promoter own funds.
The U.P.A government which has framed the New Company act in a hurry with out weighing the issues of Indian small companies and the N.D.A is not redressing the issues.

------- Edited on 2019-05-20 -------

Too many compliance requirements on the small and medium companies.
**

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