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Corporate Law News


Madras HC orders notice to Kodanadu estate management

   29 July 2009 at 13:16

The Madras High Court ordered notice to Kodanadu Estate Management, allegedly owned by AIADMK supremo J Jayalalitha, on a petition filed by the Nilgiris District Collector, challenging the single judge order. When the matter came up for hearing befor ..

Posted in Corporate Law |   137 Views


ACT CRITICISED FOR IGNORING FOOD SECURITY

   29 July 2009 at 12:17

The Food Security Act (FSA) of the UPA government has two blind spots. The right to produce food and national food security, the two key points aspects of food security and food sovereignty, are ignored, said environmental and development activist Va ..

Posted in Corporate Law |   130 Views


BILL TO AMEND RUBBER ACT INTRODUCED IN LS

   29 July 2009 at 12:14

A Bill seeking to amend the Rubber Act 1947 to reflect the “immense changes” the industry has undergone over the years was introduced in the Lok Sabha on Tuesday by the Union Commerce and Industry Minister, Mr Anand Sharma. Titled The Rub ..

Posted in Corporate Law |   148 Views


SATYAM: COURT DISMISSES PLEA AGAINST CLB ORDER

   29 July 2009 at 12:14

The Andhra Pradesh High Court on Tuesday dismissed a petition filed by a shareholder challenging the Company Law Board’s (CLB) order to induct a strategic investor into Satyam Computer Services Ltd. The designated judge to hear cases arising ou ..

Posted in Corporate Law |   156 Views


Highlights of RBI's annual monetary policy

   28 July 2009 at 16:55

Following are the highlights of the first quarterly review of RBI's annual monetary policy Key short-term rates, ratios unchanged Repo rate at 4.75%, reverse repo 3.25% Bank rate at 6%, CRR 5% Growth pegged at 6% with upward bias for 2009-10 WP ..

Posted in Corporate Law |   117 Views


Consumer Courts System being strengthened

   28 July 2009 at 16:52

The functioning of the Consumer Fora in the country is reviewed regularly State/UT-wise through their Periodical (Monthly & Quarterly) Reports and remedial actions are suggested accordingly. The matter is also being taken up at the level of Secre ..

Posted in Corporate Law |   170 Views


Cyber Regulation Appellate Tribunal Court inaugurated

   28 July 2009 at 10:14

The new Office and the Court Room of the Cyber Regulation Appellate Tribunal inaugurated here today. Speaking on the occasion, Mr. Justice K.G. Balakrishnan, Chief Justice of India said while administrating the regulations Tribunal will face a challe ..

Posted in Corporate Law |   183 Views


Setting up of Shipping Finance Corporation

   27 July 2009 at 17:30

Although, in the liberalization era Govt. is not committed to providing soft loan for acquisition of ships but on account of the current financial meltdown on the request of Ministry of Shipping and at the behest of Finance Ministry, Indian Banks&rsq ..

Posted in Corporate Law |   182 Views


Delhi HC orders CVC inquiry into Prasar Bharati issue

   27 July 2009 at 15:48

The Delhi High Court on Monday ordered a Central Vigilance Commission (CVC) inquiry into alleged financial irregularities in Prasar Bharati Corporation and appointed a former judge to supervise Board meetings of the public broadcaster. A bench headed ..

Posted in Corporate Law |   87 Views


ESOPs out of insider trading ambit

   25 July 2009 at 17:52

Employee stock options will be exempt from SEBI’s amendments made last November to the insider trading regulations, the markets regulator has clarified.SEBI had amended certain provisions of the Prohibition of Insider Trading Regulations in Nov ..

Posted in Corporate Law |   184 Views