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Corporate Law News


Road map for IFRS norms in November

   16 September 2009 at 15:27

The government on Tuesday said it would come up with a road map in November to help companies to adopt International Financial Reporting Standards (IFRS), which will become operational from 2011.The government will take the concerned regulatory agenc ..

Posted in Corporate Law |   230 Views


NEW COMPANIES BILL LOOKS TO GIVE MORE TEETH TO SFIO

   16 September 2009 at 12:31

The New Companies Bill 2009, which seeks to replace the existing Companies Act of 1956, has already factored in the lessons from the Satyam incident and would look at strengthening the role of Serious Fraud Investigation Office (SFIO) in order to arm ..

Posted in Corporate Law |   389 Views


SEBI PANEL FAVOURS HALF-YEARLY AUDITING

   16 September 2009 at 12:30

Wiser after the Rs7,136 crore Satyam Computer Services Ltd fraud, a committee of capital market regulator Securities and Exchange Board of India, or Sebi, on Monday recommended a slew of measures to make financial reporting by listed firms more trans ..

Posted in Corporate Law |   251 Views


Online registration of cos gets e-stamp

   15 September 2009 at 14:47

Entrepreneurs can now pay stamp duty sitting anywhere in India electronically by logging on to the corporate affairs ministry’s website.This removes the last hurdle for electronic incorporation of new companies without visiting a government off ..

Posted in Corporate Law |   343 Views


CBI to file second chargesheet against former Satyam chairma

   15 September 2009 at 11:39

The Central Bureau of Investigation will file a second chargesheet against disgraced former Satyam Computers Chairman B Ramalinga Raju by the end of this month.‘The CBI will file a second chargesheet against Raju as it claimed to have unearthed ..

Posted in Corporate Law |   187 Views


MCA21 e-Governance Project

   15 September 2009 at 10:59

MCA21 e-Governance Project K. K. Pant**The Ministry of Corporate Affairs has implemented an e-Governance initiative known as ‘MCA21 e-Governance Project’. It is one of the Mission Mode Projects of the Government of India under the Nationa ..

Posted in Corporate Law |   1292 Views


Stamp duty cut isn't helping in filling state's coffers

   14 September 2009 at 17:29

Recession kicked almost one year ago and now the economy is said to be settling down. But several revenue-rich departments which contribute a major chunk to the state chest, show no signs of recovery. One such is the stamps and registration departme ..

Posted in Corporate Law |   148 Views


SFIO TO BE MADE PART OF NEW COMPANY LAW, SAYS KHURSHID

   14 September 2009 at 13:53

The government has decided to include the Serious Fraud Investigation Office (SFIO) in the new Companies Bill 2009 to arm it with legal and statutory powers to probe corporate misdoings, Corporate Affairs Minister Salman Khurshid said. "In terms ..

Posted in Corporate Law |   89 Views


Model Real Estate Regulation Bill soon

   12 September 2009 at 11:45

The Centre is working on a model Real Estate Regulation Bill to provide guidelines to facilitate growth and promote a transparent and competitive real estate sector in the country.Inaugurating a conference on Affordable Housing for Urban Poor here o ..

Posted in Corporate Law |   262 Views


ICWAI URGES GOVERNMENT FOR MORE REGULATORY POWERS

   12 September 2009 at 10:57

Shri Salman Khurshid says the Cost and Management Accounting professionals to play a major role in ensuring reasonable pricing of essential goods and services ICWAI URGES GOVERNMENT FOR MORE REGULATORY POWERSShri Salman Khurshid, Minister for Corpora ..

Posted in Corporate Law |   722 Views