DISQUALIFIED DIRECTORS
Which ITR form you should use to file your income tax return depends on your income sources and taxpayer category: Here’s how to pick right
The Income Tax Department has notified the updated forms for Assessment Year 2025-26. Here’s a quick guide to help you identify the correct form based on your income type and tax situation.
US' student visa pause makes no sense and does real harm
International students in the U.S. are facing heightened uncertainty after Secretary of State Marco Rubio ordered a pause on student visa interviews while new, unspecified social media vetting guidelines are developed. The move builds on Trump-era policies that scrutinize applicants’ online activity, initially for security threats, and now potentially for signs of antisemitism—raising concerns over free speech and vague enforcement.
Voyager Infosec & ISPRMonitor expose Pakistan's "fabricated allegations" against India
A digital investigation has debunked Pakistan's claims of Indian involvement in terror attacks, revealing fabricated evidence presented by the Inter-Services Public Relations (ISPR). The investigation exposes doctored screenshots, timeline inconsistencies, and manipulated financial trails, indicating a deliberate effort to engineer a false narrative. The report concludes that ISPR staged a conspiracy, undermining its credibility and highlighting a flawed disinformation strategy.
Shriniwas Spintex wins bid for Morarjee Textiles
Shriniwas Spintex Industries has emerged as the winning bidder for Morarjee Textiles with a ₹156 crore offer, despite pending debt claims of ₹892 crore. The resolution plan involves an upfront payment of 30%, with the remainder staggered over two years. Other bidders were disqualified under IBC's 29A regulations, leaving Shriniwas as the sole contender.
US lenders’ consortium files lawsuit against Byju’s founder, others
Members of a lending consortium have sued Byju Raveendran, his wife Divya Gokulnath, and Anita Kishore, alleging they misappropriated $533 million from a $1.2 billion loan. The lawsuit follows a Delaware court ruling on fraudulent transfers, seeking damages and an accounting of funds, with additional legal actions in India underway.
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No bail rider violated when appointed minister: TN minister Senthil Balaji to SC
V. Senthil Balaji, a DMK leader, defended his ministerial appointment in Tamil Nadu, asserting it didn't violate bail conditions set in his money laundering case. He argued that holding political office is his right under Article 21 and questioned the motives behind the plea to recall his bail.
Elon Musk's top DOGE employee with 'hacking past' now serves at US Justice department
Christopher Stanley, an engineer who has worked at Elon Musk's companies, is now in the U.S. Justice Department. He previously ran websites distributing pirated software and video game cheats, and participated in hacking activities. Despite this controversial background, he holds a security clearance and serves as a senior advisor, sparking debate among security professionals.
DOGE official at DOJ bragged about hacking, distributing pirated software
Christopher Stanley, a 33-year-old engineer who has worked at both Musk's social media company X and space-launch company SpaceX, is a senior advisor in the Deputy Attorney General's office, according to a former Justice Department official and a staff directory listing reviewed by Reuters.
Syria's sectarian violence reached capital, terrorizing Alawites, residents say
Masked men stormed Alawite homes in Damascus on March 6, detaining over two dozen unarmed men amidst sectarian violence in Syria. Reports suggest that many of these men were later found dead. Witnesses and relatives recount forced disappearances, echoing past atrocities under Assad's regime.
Ferrari vows to sort ''mistakes'' that disqualified Hamilton: 5 takeaways from F1's Chinese Grand Prix
Lewis Hamilton's and Charles Leclerc's disqualification from the Chinese Grand Prix for technical infringements overshadowed Oscar Piastri's win. Ferrari now faces urgent fixes ahead of the Japanese Grand Prix, while McLaren's and Mercedes' performances indicate a competitive season ahead. Liam Lawson faces mounting pressure at Red Bull, and Haas showed significant improvement.
Sebi nudges MCA for exemption to nominees of debenture trustees
In the recent past, there have been instances where the directors appointed by debenture trustees have been disqualified from holding any directorship under the Companies Act since the companies defaulted on their compliance obligations.
It’s up to Maruti board to decide on my directorship, says RC Bhargava
Bhargava and 14 others have been removed as directors of troubled infra firm IL&FS by the government.
Explain removal of 1 lakh companies from RoC, action against directors: HC to MCA
The court also temporarily revived the identification numbers of the disqualified directors to allow them to function in other active companies.
Analytica’s India arm has never filed financial returns
SCL India describes itself as being involved in market research, public opinion polling, besides legal, accounting, bookkeeping and auditing activities and tax, business and management consultancy.
884 companies under scanner in money laundering cases: Union Minister P P Chaudhary
Union Minister P P Chaudhary, however, he said that not a single company has been deregistered on the charges of money laundering by the government.
Government set to provide relief for disqualified directors
As part of clamping down on illicit fund flows, the corporate affairs ministry has disqualified more than 3.09 lakh directors of companies which failed to submit annual filings for a long time.
Disqualified directors get 3 months to put house in order
A draft of the scheme finalised by MCA has been placed before the Delhi High Court in response to various writ petition by directors against their disqualification.
Ministry of corporate affairs calls meeting to examine ‘grey areas’ in Companies Act
A meeting of senior officials has been called on Monday to not just frame government response to these litigations but also to address any such grey area.
Crackdown on Indian shell companies unearths $1 billion cash
In a speech, PM Modi claimed the move had unearthed over 300,000 shell companies.
Shell companies crackdown: 4.5 lakh directors may face axe
Asserting that genuine corporates will not face action, the minister of state for corporate affairs said non-compliant companies are tarnishing the image of good ones.
Disqualified directors seek reprieve from Ministry of Corporate Affairs
The government could consider coming up with some solution for the aggrieved directors since no recourse is currently available under the Companies Act 2013.
Government crackdown on board directors puts companies in a bind
As part of its crackdown on black money and follows up on the note ban, govt has disqualified more than 3 lakh directors of companies that have fallen behind in statutory filings.
200,000 more directors disqualified for holding posts in defaulting companies
These directors won’t be able to hold board seats in other companies as well and may have to resign soon from them, potentially impacting other firms as well.
Shell companies: Omar Abdullah, Mohanlal in the list of disqualified directors
As part of its crackdown against shell cos, govt had cancelled the registration of around 200,000 and restricted bank account operations of such firms.
Coal scam: High Court seeks Centre's response on SKS Ispat's plea
HC sought the Centre's response on a plea filed by SKS Ispat and Power Ltd challenging the government's decision to disqualify a company.
Onus of annual reports on directors
About 13.95 lakh companies were registered with the Registrar of Companies (RoC) at the end of March 2014. Of this, about 9.52 lakh companies remain active.
33% independent directors for unlisted cos
Unlisted public limited companies will have to gear up for greater corporate governance standards.
DCA to bar directors of erring firms
DCA is planning to put in place a framework to track corporate directors who are disqualified from holding office in any company for a period of five years under the provisions of section 274 (1) (g) of the Companies Act.
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