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Corporate Law News


SC: School exam board is not a service provider for a studen

   07 September 2009 at 14:18

The Supreme Court has ruled that a School Examination Board is not a service provider and the provisions of the Consumer Protection Act are not applicable to such a statutory body.A bench comprising Justices R V Raveendran and Markandey Katju while a ..

Posted in Corporate Law |   208 Views


SC notice to Centre, RBI on disabilities scheme

   07 September 2009 at 14:12

The Supreme Court issued notices to the Union Government and Reserve Bank of India (RBI) on a petition alleging that the funds collected under the Disabilities Scheme have not been properly utilised.A Bench comprising Chief Justice K G Balakrishnan ..

Posted in Corporate Law |   185 Views


Gas row: NTPC moves SC against RIL

   05 September 2009 at 15:02

State-run power PSU NTPC on Saturday moved the Supreme Court challenging the Bombay High Court judgement that allowed Mukesh Ambani Group company RIL to amend its petition on the gas dispute. A ministerial group had approved $4.2 per mmBtu as the va ..

Posted in Corporate Law |   219 Views


New Sebi norms reduce public issue time to 10 days

   05 September 2009 at 14:50

The Securities and Exchange Board of India (Sebi) has notified new guidelines that, among other things, reduces the overall time period for public issues to 10 days, and seeks disclosures relating to pledged shares in the prospectus. The new guideli ..

Posted in Corporate Law |   241 Views


SUB-BROKERS MAY NOT NEED SEBI STAMP, SELF-REGULATOR ON ANVIL

   05 September 2009 at 13:06

Sub-brokers in the stock market are likely to be exempted from the requirement of registering with the capital market regulator before starting their operations as per a proposal under consideration of the finance ministry and the Securities and Exch ..

Posted in Corporate Law |   255 Views


SEBI gets tough on promoters issuing preferential warrants

   05 September 2009 at 12:30

The Securities and Exchange Board of India is turning a stricter eye on company promoters who have been issued preferential warrants, saying that they will have to forfeit the upfront payment made on unexercised warrants.This is contained in its rece ..

Posted in Corporate Law |   273 Views


FDI norms liberalised for small scale sector

   05 September 2009 at 12:28

To help cash-strapped micro and small enterprises attract higher overseas investment, the government today liberalised the FDI norms for the sector replacing the current 24% ceiling on foreign holding with the sectoral caps.These industries will now ..

Posted in Corporate Law |   239 Views


Delhi HC directs DCGI to give licence of cancer drug to Cipl

   05 September 2009 at 10:03

The Delhi High Court allowed Pharma company Cipla to produce the generic version of the anti-cancer drug Nexavar and directed the drug regulator to grant it licence.Earlier, German drug major Bayer Healthcare had filed a suit against Cipla stating th ..

Posted in Corporate Law |   300 Views


Shri R. Bandyopadhyay takes over as the New Secr. Corp Affai

   04 September 2009 at 10:51

Shri R. Bandyopadhyay takes over as the New Secretary, Ministry of Corporate Affairs SHRI ANURAG GOYAL JOINS THE COMPETITION COMMISSION OF INDIA AS MEMBERShri R. Bandyopadhyay joined as the new Secretary in the Ministry of Corporate Affairs here toda ..

Posted in Corporate Law |   158 Views


RBI relaxes valuation norms for primary dealer portfolios

   03 September 2009 at 17:07

The Reserve Bank of India (RBI) on Monday said the quantum of securities, which can be classified as held-to-maturity (HTM), shall be restricted up to 100% of the paid-up capital of the primary dealers (PD) as at the end March of the preceding finan ..

Posted in Corporate Law |   147 Views