The allegation on the audit profession tendering erroneous advice to banks resulting in huge losses by a constitutional authority such as the Central Vigilance Commissioner (CVC) has stirred up a hornets’ nest among the auditors. The burden of ..
Market regulator SEBI and insurance regulator IRDA are working to come out with a separate set of disclosure norms for insurers wanting to list on stock exchanges."IRDA and SEBI have working group which is working on these issues as to what kind ..
The Central Vigilance Commission (CVC) has charged the chartered accounting fraternity with giving erroneous advice to banks resulting in huge losses for the lenders.It has pointed out that in several cases, the advice given by CAs to banks and finan ..
Justice Aniruddha Bose of the Calcutta High Court set aside Company Law Board (CLB) order restraining Harshabardhan Lodha from chairing the Annual General Meeting of Birla Corporation.CLB had passed the order on July 21 on a plea of a shareholder of ..
Calcutta High Court once again ruled on Friday that financial institutions have the right to repossess vehicles and resell them if a customer does not pay all the instalments. Justice Partha Sakha Datta was hearing a petition by Pintu Bhattacharya, t ..
The Union Cabinet have approved the proposal to amend the National Institutes of Technology Act 2007. The salient features of the amendment are as under:i) Incorporation of Indian Institutes of Science Education and Research (IISER) in the National I ..
The Delhi High Court reserved its order on a PIL challenging the collection of airport development fee (ADF) from passengers departing from the Indira Gandhi International Airport.A bench composed of Chief Justice A P Shah and Justice Manmohan reserv ..
In a notification aimed at fine-tuning the fund-raising process of companies, market regulator SEBI on Thursday asked companies to utilise the proceeds from rights issues only after allotment of shares to applicants. The regulator has also trimmed th ..
Agents of defaulting financial companies or family members of persons accused in such cases should not be put to criminal trial on the mere allegation that they too canvassed for deposits from customers, the Madras High Court has said. Justice M Jeya ..
It’s the beginning of the end for the Monopolies and Restrictive Trade Practices Commission (MRTPC) with the ministry of corporate affairs (MCA) set to notify section 66 of the Competition Act.MRTPC, which was created in 1969, is a quasi judici ..
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