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Corporate Law News


COMPETITION ACT AND MRTP: ONE ‘TWO’ MANY

   20 August 2009 at 12:20

On May 20, a six-year waiting period ended with the Central Government notifying some key provisions of the Competition Act, 2002, which is to replace the Monopolies and Restrictive Trade Practices (MRTP) Act. The provisions notified deal with treatm ..

Posted in Corporate Law |   581 Views


IRDA EXTENDS MANDATORY PAN REQUIREMENT FOR CUSTOMERS TO SEP

   19 August 2009 at 13:06

Acceding to insurers' request, sectoral regulator IRDA on Tuesday extended the deadline for collection of PAN of every customer paying an annual premium of over Rs 1 lakh by one month to September 1, 2009. "Many insurers have expressed difficul ..

Posted in Corporate Law |   177 Views


NSC WANTS NEW LAW TO TRACK FOREIGN INFLOWS

   19 August 2009 at 13:05

The government is considering a sweeping review of its FDI guidelines following increasing risk of terror funds being parked in the country and other investments fraught with security implications. The National Security Council has, in a secret repor ..

Posted in Corporate Law |   138 Views


GOVT TO NOTIFY RULES FOR WINDING UP OF LLPS SOON

   18 August 2009 at 13:05

The government will soon come out with rules for winding up of limited liability partnership (LLP) firms which can be either voluntary or under orders of a tribunal. “We have written to Parliament asking if the winding-up rules can now be notif ..

Posted in Corporate Law |   100 Views


Hoardings near beaches under HC scanner

   17 August 2009 at 12:41

Huge towering hoardings erected near beaches or on the seaward side of a road in Mumbai marring the ocean view has come under the scanner of the Bombay high court. A division bench of Justice Bilal Nazki and Justice A R Joshi allowed an application o ..

Posted in Corporate Law |   167 Views


P&H HC reserves verdict on PIL on govt's publicity vans

   14 August 2009 at 10:40

The Punjab and Haryana High Court’s division bench has reserved the verdict on the PIL, wherein the issue of recent launch of publicity vans by the Haryana government has been raised alleging it was ruling party’s publicity at the state ..

Posted in Corporate Law |   265 Views


SC sentences Hiten P Dalal for 6 months in Securities scam c

   13 August 2009 at 10:33

The Supreme Court has held leading stock broker Hiten P Dalal guilty of criminal conspiracy and receiving stolen property and sentenced him to six months of rigorous imprisonment with a fine of Rs 50,000 for his involvement in the 1992 Securities Sca ..

Posted in Corporate Law |   270 Views


FIN SECY: NEW BILLS TO PROVIDE FLEXIBILITY

   12 August 2009 at 15:31

Finance Secretary Ashok Chawla said on Tuesday the move to introduce cash-management bills maturing in less than 91 days would provide more flexibility to the government to manage short-term funding mismatches. "It will provide more flexibility ..

Posted in Corporate Law |   288 Views


Calcutta HC starts hearing of 'Paran Jai Jalia Re'

   12 August 2009 at 13:26

The Calcutta High Court today began hearing a suit challenging its earlier order staying screening of Bengali film ‘Paran Jai Jalia Re’ after a Mumbai based producer complained of copyright violation.A two-man bench including Pinaki Chandra Ghosh ope ..

Posted in Corporate Law |   283 Views


MCA to ensure LLPs aren’t limited by law

   12 August 2009 at 11:00

The ministry of corporate affairs wants other ministries, state governments and sectoral regulators to recognise limited liability partnerships (LLP) after over 100 entities registered under the LLP Act enacted last year. The ministry will write to a ..

Posted in Corporate Law |   111 Views