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Corporate Law News


CAG rap for Sebi, Irda over violation of guidelines

   25 July 2009 at 17:51

The Comptroller and Auditor General of India (CAG) has slammed two key financial sector regulators, Securities & Exchange Board of India (Sebi) and Insurance Regulatory & Development Authority (Irda), for gross violation of norms. The CAG als ..

Posted in Corporate Law |   234 Views


ICAI pushes for computerised filing of financial statements

   25 July 2009 at 12:08

Domestic companies may soon have to file financial statements in a computerised format to enable easy flow of information between regulators, and facilitate comprehensive financial data analysis.In a letter to the ministry of corporate affairs, the I ..

Posted in Corporate Law |   102 Views


LOOSE ENDS IN LLP LAW

   25 July 2009 at 12:05

Limited liability partnerships (LLPs) have been the flavour of corporate jurists all over the world in the past 15 years. The concept looked attractive. India passed the Limited Liability Partnership Act in 2008, providing the legal framework for the ..

Posted in Corporate Law |   108 Views


Delhi HC adjourns hearing on TV show Sach Ka Samna

   24 July 2009 at 17:44

The Delhi High Court on Friday adjourned the hearing on the controversial TV serial 'Sach Ka Samna', a game show where contestants are asked a series of prying questions. A single-member Bench of Justice Sanjiv Khanna referred the matter to a Divisio ..

Posted in Corporate Law |   124 Views


You have to get your card registered to shop online

   24 July 2009 at 17:21

Are you planning to shop online in the near future? Or is there any other online transaction, involving the use of plastic money, high on your agenda? If yes, better get registered with your bank, otherwise you won’t be able ..

Posted in Corporate Law |   96 Views


Measures to Curb Electricity Theft

   24 July 2009 at 17:11

The Government is aware of the power theft in the country. Electricity Distribution is a subject of states. However, number of steps are being taken in this regards by Govt. of India also. The Electricity Act, 2003 provides a legal framework for maki ..

Posted in Corporate Law |   227 Views


Satyam's Raju files plea in HC against lower court's order

   24 July 2009 at 12:24

Satyam Computer Services founder B Ramalinga Raju on Thursday filed a petition in Andhra Pradesh High Court challenging a lower court order permitting th ..

Posted in Corporate Law |   135 Views


PAN MUST FOR PREMIUM OVER RS 1 LAKH

   24 July 2009 at 12:16

The Insurance Regulatory and Development Authority has made PAN card mandatory for all policies where annual premium is more than Rs 1 lakh. It has issued a circular to all life insurance companies in this regard, said a life insurance council offici ..

Posted in Corporate Law |   139 Views


PORTAL TO HELP TRANSITION TO IFRS LAUNCHED

   24 July 2009 at 12:16

The Nasdaq-listed Corporate Executive Board (CEB), a business advisory platform, has come up with an online resource — IFRSPortal.in — to help Indian companies make a smooth transition to International Financial Reporting Standards (IFRS) ..

Posted in Corporate Law |   122 Views


Mukesh Ambani meets Law Minister, legal experts

   23 July 2009 at 16:56

Amid a continuing legal battle between the Ambani brothers over gas supply, the elder of the two, Mukesh Ambani, is believed to have met Law Minister Veerappa Moily. No details could be obtained about what transpired in the meetin ..

Posted in Corporate Law |   164 Views