The office of the Registrar of Companies (RoC) in Delhi and Haryana has started taking action against firms that raise equity investment through platforms that make online pitches to investors in violation of company law.
The RoC issued an order this week imposing a penalty of ₹2 lakh on a small Delhi-based company and 1 lakh each on two of its directors for allegedly violating a provision in Companies Act by raising capital through a technology platform run by a Mumbai-based company, according to the website of the ministry of corporate affairs.
The RoC order said that section 42 of the Companies Act prohibits companies going for private placement of securities from releasing any public advertisements or using marketing or distribution channels or agents to inform the public at large about such an issue.
Diese Geschichte stammt aus der March 04, 2023-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der March 04, 2023-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Meta: An Antitrust Case That Sent A Privacy Alert
WhatsApp's owner was fined for abusing its market heft, but what it did also sparked an online stir over privacy-the protection of which under India's new law is keenly awaited
RBI cautions about Das deepfake video
The Reserve Bank of India (RBI) on Tuesday cautioned public against \"deepfake\" videos of the governor being circulated on social media that claim the launch of or support to some investment schemes by the central bank.
Blue Tokai eyes high growth before IPO
Coffee chain Blue Tokai is aiming for a nearly threefold jump in annual revenue by 2027 before it decides whether to go public, its top boss told Reuters on Monday.
Amazon expands exporter scheme
E-commerce major Amazon on Tuesday said it has expanded its cross-border logistics programme Global Selling Seller Exports and Delivery (SEND), which will help Indian exporters ship goods abroad.
NTPC Green IPO subscribed 33%
The initial public offer (IPO) of NTPC Green Energy Ltd, the renewable energy arm of state-run NTPC Ltd, was subscribed 33% on the first day of the share sale on Tuesday.
Google's Anthropic deal cleared in UK
Google's partnership with AI firm Anthropic has avoided further scrutiny after the UK antitrust watchdog concluded it doesn't qualify for a full-blown investigation under merger rules.
'Big Billion Days' boost for Walmart
U.S.-based retail giant Walmart on Tuesday said its international sales in the third quarter got a boost from the 'Big Billion Days' sales event by its Indian e-commerce arm Flipkart.
NCR records threefold jump in patients with breathing issues
Doctors and hospitals in the Delhi-National Capital Region (NCR) said they are seeing a threefold jump in patients reporting respiratory ailments triggered by alarming air pollution levels.
Paytm enables UPI payments abroad
Paytm owner One97 Communications on Tuesday said Paytm users will be able to make UPI payments at select international locations, including popular spots in the UAE, Singapore, France, Mauritius, Bhutan and Nepal.
Core biz to grow at 30% a year: Zomato
Food delivery major Zomato expects its key meal delivery business to grow at an annual rate of 30% over the next five years, a top executive said, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector.
