Tag: MCA

MCA maiden success in recovery of $3.25 million in Nirav Modi case from USA

NEW DELHI: Punjab National Bank Ltd. (PNB) has informed the Ministry of Corporate Affairs (MCA) which spearheaded the corporate governance litigation in a foreign jurisdictional Court, that it has received $ 3.25 million (equivalent of Rs. 24.33 crore) as the first tranche of recoveries. Upon liquidation of the debtors’ assets by the US Chapter 11 […]

SEBI, MCA probing PWC’s resignation as auditor of Reliance Home Finance

NEW DELHI: Regulator SEBI and the Ministry of Corporate Affairs are looking into the sudden resignation of PWC as auditor of Reliance Capital and Reliance Home Finance and have asked the stock exchanges to collect all necessary information including trade details and statements made by the three entities. The development assumes significance in the wake […]

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