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Corporate Law News


Gas is not a private property of Ambani brothers :Govt in SC

   17 November 2009 at 21:55

Government on Tuesday opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court asserting that any understanding reached between them was not binding on it as gas was not their "private property". &qu ..

Posted in Corporate Law |   374 Views


Mukesh wants Govt as party in Gas dispute

   15 November 2009 at 10:25

Mukesh Ambani’s Reliance Industries Limited (RIL) asserted before the Supreme Court that the Union Government as a public interest watchdog, cannot be kept out of the natural gas dispute since gas is a national asset and its benefits must reach ..

Posted in Corporate Law |   408 Views


Arbitrator cannot properly deal with malpractice allegations

   09 November 2009 at 10:15

The Supreme Court (SC) has stated when there are serious allegations of malpractices and manipulation of accounts of a firm, the dispute cannot be properly dealt with by an arbitrator. It would be appropriate to let the civil court decide. In this ca ..

Posted in Corporate Law |   482 Views


Legal reforms to boost FDI, says Montek

   09 November 2009 at 10:14

Legal reforms, which the government is looking to usher in, would push foreign direct investments (FDI) inflows, Planning Commission deputy chairman Montek Singh Ahluwalia said on Sunday. “The government has made legal reforms its new agenda. R ..

Posted in Corporate Law |   413 Views


GOVT. TO LOOK INTO CONCERNS ON DRAFT DIRECT TAXES CODE

   09 November 2009 at 10:09

GOVT. TO LOOK INTO CONCERNS ON DRAFT DIRECT TAXES CODE The proposals of the Direct Taxes Code on taxation for salaried employees and income from house property may undergo some changes. Finance Minister Pranab Mukherjee has added these two issues t ..

Posted in Corporate Law |   445 Views


Review of Policy on Foreign Technology Collaborations

   05 November 2009 at 16:11

Press Releas Ministry of Commerce & IndustryThursday, November 05, 2009Review of Policy on Foreign Technology Collaborations The Union Cabinet today approved a proposal of the Department of Industrial Policy & Promotion, Ministry of Commerce ..

Posted in Corporate Law |   353 Views


Another SC judge recuses himself from another Ambani case

   05 November 2009 at 00:21

After keeping a judgement reserved for almost two months, another Supreme Court judge Justice Markandey Katju on Wednesday withdrew from a dispute between Mukesh Ambani group firm Reliance Industries Ltd and BPCL over price differences in naptha supp ..

Posted in Corporate Law |   368 Views


ICAI and audit firms against the power given to public secto

   04 November 2009 at 17:11

The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive. They have approached the Union finance ministry and the Prime ..

Posted in Corporate Law |   344 Views


Delhi govt to set up mediation centres for settling disputes

   03 November 2009 at 19:02

With trial courts in the city reeling under the burden of over 12 lakh cases, the Delhi govt has decided to set up ten mediation centres to settle disputes relating to land, cheque bouncing and family matters. The city government will appoint retired ..

Posted in Corporate Law |   306 Views


Information Technology (Amendment) Act,2008 comes into force

   03 November 2009 at 18:58

The Information Technology (Amendment) Act, 2008 has come into force. The Rules pertaining to section 52 (Salary, Allowances and Other Terms and Conditions of Service of Chairperson and Members), section 54 (Procedure for Investigation of Misbehaviou ..

Posted in Corporate Law |   356 Views