In a significant boost for India Inc, the Ministry of Corporate Affairs (MCA) has extended the option for companies to hold their annual general meetings (AGMs) via video conferencing (VC) until September 30, 2025. This provision applies to companies whose AGMs are scheduled for 2024 and 2025.
Additionally, the MCA has authorized companies to conduct extraordinary general meetings (EGMs) through…
British insurer Aviva is under investigation by Indian tax authorities for allegedly breaching local commission regulations through a system of fake invoices and covert cash payments. The Directorate General of GST Intelligence has accused Aviva of orchestrating a scheme to bypass commission caps by channeling about $26 million to fictitious vendors between 2017 and 2023.
According to a notice…
