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Corporate Law News


SC orders status quo on Rs 617 crore tax demand from Satyam

   07 April 2011 at 15:55

SC orders status quo on Rs 617 crore tax demand from Satyam The Supreme Court on Wednesday ordered the Central Board of Direct Taxes (CBDT) to maintain status quo on its demand for Rs 617 crore income tax from Satyam Computer, while asking for a ..

Posted in Corporate Law  2 comments |   631 Views


Anil Ambani quizzed on stakes in Swan Telecom by PAC

   06 April 2011 at 23:54

Anil Ambani quizzed on stakes in Swan Telecom by PAC Reliance ADAG Chairman Anil Ambani on Tuesday faced a Parliamentary committee which quizzed him on his company's stakes in Swan Telecom and other aspects related to the 2G spectrum allocat ..

Posted in Corporate Law |   796 Views


Govt opposes Lalit's appointment as prosecutor in 2G case

   06 April 2011 at 23:54

Govt opposes Lalit's appointment as prosecutor in 2G case Government was at loggerheads with the CBI in the Supreme Court on Tuesday over the agency's decision to appoint senior advocate U U Lalit as special public prosecutor in the 2G s ..

Posted in Corporate Law  1 comments |   975 Views


Tata candid, Radia evasive during PAC questioning

   05 April 2011 at 11:46

Tata candid, Radia evasive during PAC questioning Tata Sons Chairman Ratan Tata and Niira Radia were on Monday quizzed in connection with 2G spectrum scam by Parliament's PAC whose head M M Joshi said the panel found the industrialist candid ..

Posted in Corporate Law |   813 Views


Raja acted dishonestly to fix spectrum prices at 2001 rate

   04 April 2011 at 13:32

'Raja acted dishonestly to fix spectrum prices at 2001 rate' The probe into the 2G spectrum scam has revealed that former Telecom Minister A Raja "deliberately and dishonestly" did not consider auction or revision of entry fee ..

Posted in Corporate Law |   735 Views


2G scam: CBI to file first chargesheet against Raja, others today

   03 April 2011 at 00:05

2G scam: CBI to file first chargesheet against Raja, others today The CBI will file its first chargesheet on Saturday into the 2G spectrum scam against former Telecom Min A Raja and some of his close aides besides a couple of real estate companies ..

Posted in Corporate Law |   819 Views


SC to decide if a co can be exempted from SEBI takeover norms

   03 April 2011 at 00:05

SC to decide if a co can be exempted from SEBI takeover norms The Supreme Court will decide whether a listed entity can be exempted from the takeover code or not when the company allots shares on preferential basis to promoters under special cir ..

Posted in Corporate Law  3 comments |   1422 Views


Swan and Loop used as front companies to get spectrum: CBI to SC

   30 March 2011 at 23:19

Swan & Loop used as front companies to get spectrum: CBI to SC Former Telecom Min A Raja, along with some corporate czars and telecom companies Swan Telecom and Loop Telecom will be prosecuted on charges of cheating, forgery, corruption in 2 ..

Posted in Corporate Law |   1132 Views


Final decision on 2G spectrum pricing within 3 months

   29 March 2011 at 10:11

Final decision on 2G spectrum pricing within 3 months The Telecom Ministry will take a final decision on 2G spectrum pricing and on those holding airwaves beyond contracted limit of 6.2 Mhz, based on recommendations of TRAI, within next three mo ..

Posted in Corporate Law |   1079 Views


Sebi to outsource processing of investor complaints

   29 March 2011 at 00:03

Sebi to outsource processing of investor complaints Faced with the Herculean task of handling lakhs of investor complaints, market regulator Sebi plans to rope in third party agencies for processing and maintenance of these grievances. The de ..

Posted in Corporate Law |   989 Views