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Mukesh`s first refusal right claim meaningless: Anil

   16 June 2008 at 14:38

Reliance Communications Chairman Anil Ambani today said he could transfer shares in the company without restrictions, rejecting Reliance Industries Chairman and elder brother Mukesh Ambani's claim of having the first right of refusal as "meaningless' ..

Posted in Corporate Law |   404 Views


Mukesh to Anil Ambani: reply to our ‘legal letter’

   16 June 2008 at 14:32

The war between Ambani brothers continued on Sunday over the proposed merger between Anil Ambani-controlled Reliance Communication Ltd (RCom) and South African telecom major MTN that could create a $70 billion trans-continental telecommunications gia ..

Posted in Corporate Law |   360 Views


input tax credit under kvat law

   15 June 2008 at 16:02

thought the cst rate has been decreased from 3% to 2%, inputs used in the manufacture of goods that are despatched outside the state not as a dired result of sale and input tax credit on use of petroleum products as mentioned in section 14 of the kva ..

Posted in Taxation |   2202 Views


Revised income ceiling for OBC creamy layer by 30th June

   15 June 2008 at 16:02

Revised income ceiling for OBC creamy layer by 30th June In a move that could end the debate over classification of creamy layer among the OBCs, the National Commission for Backward Classes is expected to give its recommendations to the govt by 30th ..

Posted in Others |   324 Views


64 AIIMS assistant professors' promotion illegal, govt tells HC

   15 June 2008 at 16:02

Promotion of 64 assistant professors of the All India Institute of Medical Sciences (AIIMS) has come under a shadow with the Centre contending in the Delhi High Court that the move was illegal. The government's reply came on a petition filed by a se ..

Posted in Others |   466 Views


SC dismisses petition seeking ban on "Dashavataram"

   15 June 2008 at 16:02

The Supreme Courthas dismissed a petition seeking a ban on the screening of a movie "Dashavataram" on the grounds that it hurt the religious sentiments of Hindus.A vacation bench comprising Justices Arijit Pasayat and P P Naolekar refused to entertai ..

Posted in Others |   253 Views


Direct tax collections at Rs.3,14,468 crore for 2007-08

   14 June 2008 at 23:18

The Finance Minister Shri P. Chidambaram will inaugurate the 24th Annual Conference of Chief Commissioners & Directors General of Income Tax here on coming Monday. The valedictory address will be given by Minister of State for Finance Shri S.S. Palan ..

Posted in Taxation |   284 Views


R-COM threatens retaliation if RIL goes legal on MTN deal

   14 June 2008 at 23:18

New Delhi, June 14 (PTI) Ambani siblings' war intensified today with the younger Anil's group warning to retaliate in case Mukesh-led Reliance Industries goes legal with its claim on the potential multi-billion dollar amalgamation deal that the for ..

Posted in Corporate Law |   281 Views


Area based excise duty exemptions modified

   14 June 2008 at 23:18

With effect from 1st April, 2008 the Central Government amended the area based excise duty exemptions applicable to units located in Jammu & Kashmir, North-East, Sikkim and Kutch District of Gujarat so as to allow refund of excise duty based upon the ..

Posted in Taxation |   296 Views


Direct Selling Association seeks law to protect consumer interests

   14 June 2008 at 17:44

The Indian Direct Selling Association (IDSA), the premier body governing 16 of the largest direct selling companies in the country, wanted the Government to enact a law to prevent multi-level marketing companies from taking gullible public for a ride ..

Posted in Civil Law |   284 Views