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Searched Tag: ministry of corporate affairs mca

The panel also recommended swift and robust application of penal provisions against fraudulent ESG claims and calls for statutory amendments to the Companies Act, 2013, to solidify ESG objectives as integral components of Directors' fiduciary duties

Set up oversight body to deter fake ESG claims, says Parl panel

August 5, 2025, 02:40 PM - 3 min read

The Standing Committee on Finance has urged the Corporate Affairs Ministry to establish a dedicated ESG oversight body for actively combating greenwashing through specialised forensic expertise and extend targeted support to Micro, Small, and Medium Enterprises (MSMEs)

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The Ministry of Corporate Affairs (MCA) of India has fined LinkedIn India, its CEO Satya Nadella, and eight other individuals for violating Significant Beneficial Owner (SBO) norms under the Companies Act, 2013.

LinkedIn, CEO Nadella fined for SBO violation

May 23, 2024, 12:29 PM - 2 min read

The Registrar of Companies (RoC) for Delhi and Haryana, the MCA's enforcement arm, issued a 63-page order detailing the violations. According to the RoC, LinkedIn India and its officers failed to comply with SBO disclosure requirements, resulting in penalties totaling Rs 27,10,800.

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