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Corporate Law News


Average inflation for FY10 to be modest at 0.5%: CMIE

   11 August 2009 at 14:00

The average inflation for FY10 will be modest at 0.5 per cent, higher than the earlier projection of 0.1 per cent, a leading economic think-tank said in its latest report. The upward revision is mainly on account of a spurt in the ..

Posted in Corporate Law |   313 Views


IRDA SETS RULES FOR CORPORATE GOVERNANCE FOR INSURERS

   10 August 2009 at 12:01

Insurance regulator IRDA is ready with the final guidelines on corporate governance for the sector focusing on key areas such as lock-in period for promoters, whistle blowing policy, governance structure and disclosures. On lock-in period, the IRDA ..

Posted in Corporate Law |   258 Views


MCA TO ENSURE LLPs AREN'T LIMITED BY LAW

   10 August 2009 at 12:00

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 |   184 Views


SC BROADENS SCOPE OF CONSUMER ACT

   10 August 2009 at 12:00

The Supreme Court has said buyers of goods or commodities for ‘self consumption’ in economic activities in which they are engaged would be ‘consumers’ for the purpose of claim of damages under the provision of the Consumer Pro ..

Posted in Corporate Law |   218 Views


Foreign Investment Policy for LLP Firms under review

   10 August 2009 at 10:57

Foreign Investment Policy for LLP Firms under review The government has decided to clarify the foreign investment rules under the new limited liability partnership (LLP) framework. An official confirmed to FE that the ministry of corporate affair ..

Posted in Corporate Law |   176 Views


‘Cyber crime tribunal in red tape mesh’

   08 August 2009 at 13:22

Over two years after the Cyber Regulations Appellate Tribunal (CRAT) — the maiden forum in the country to exclusively try cyber cases — became functional, it recently got a new address and a well-equipped courtroom.Its head, Justice Rajes ..

Posted in Corporate Law |   101 Views


MMS clip incident: SC admits eBay, its chief's plea

   08 August 2009 at 12:15

The Supreme Court admitted petitions of auction portal eBay India Pvt Ltd and its chief Avinash Bajaj seeking quashing of the criminal proceedings initiated against them for allegedly permitting the sale of an MMS clip showing two school students in ..

Posted in Corporate Law |   127 Views


NEW ACT WOULD FIX INDEPENDENT DIRECTORS' ROLE: KHURSHID

   08 August 2009 at 11:45

The government said on Friday the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law. The role of independent direc ..

Posted in Corporate Law |   136 Views


Foreign investment law in the works

   07 August 2009 at 11:50

The government is working on a proposal to introduce a new legislation relating to foreign investment aimed at removing the distinction between various categories of overseas capital, a move intended to ensure stability in policy and help Indian firm ..

Posted in Corporate Law |   279 Views


GOVT TO SET UP TWO REGIONAL DIRECTORATES OF COMPANIES

   07 August 2009 at 11:44

The government will set up two regional directorates to assist companies in the north western and north eastern regions, Parliament was informed today. The directorates would come up in Ahmedabad in Gujarat and at Guwahati in Assam, Corporate Affairs ..

Posted in Corporate Law |   142 Views