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Corporate Law News


Now, withdraw cash at shops

   23 July 2009 at 15:39

RBI allows Rs 1,000 a day withdrawal from points of sale.Automated teller machines (ATMs) have put an end to long queues at bank tellers’ windows. Now, long queues outside ATMs may also wither away.The Reserve Bank of India (RBI) has allowed w ..

Posted in Corporate Law |   164 Views


Cases under MRTP Act

   23 July 2009 at 14:01

The Government has said that efforts are being made to dispose of the pending cases in the Monopolies and Restrictive Trade Practices Commission by taking these up before the benches of the Commission. Being a quasi judicial body, the MRTP Commission ..

Posted in Corporate Law  1 comments |   299 Views


Various issues relating to Serious Fraud Investigation Offic

   23 July 2009 at 14:01

The Vepa Kamesam Committee, constituted by the Government, to examine various issues relating to Serious Fraud Investigation Office (SFIO) and to suggest statutory, administrative and organizational changes for improving the effectiveness and to ens ..

Posted in Corporate Law |   125 Views


CHANGES TO SBI ACT MAY BE INTRODUCED IN BUDGET SESSION

   23 July 2009 at 13:53

With just a fortnight to go before the ongoing Budget session comes to an end, the Centre is likely to push for legal amendments to enable State Bank of India raise capital through preference shares and also by preferential allotment or private place ..

Posted in Corporate Law  1 comments |   119 Views


SC to decide on 'dividend stripping' by mutual funds

   22 July 2009 at 17:37

The Supreme Court will decide whether mutual fund brokers can resort to a process (dividend stripping) of creating a short-term loss to avoid tax. A Bench headed by Justice S H Kapadia has issued notice broking firms on a batch of petitions filed by ..

Posted in Corporate Law |   109 Views


Ramalinga Raju's judicial custody extended till Aug 5

   22 July 2009 at 17:37

A lower court on Wednesday extended the judicial remand of the tainted founder of Satyam Computers B Ramalinga Raju and others accused in the Rs 7,000 crore scam at the IT firm upto August 5. The extension comes close on the heels ..

Posted in Corporate Law |   96 Views


Pending cases of Environment Clearance

   22 July 2009 at 17:03

PENDING CASES OF ENVIRONMENT CLEARANCE Lok Sabha A total of 223 projects awaited Environment Clearance as on 30th June 2009, a table of State-wise and Project-wise break up is enclosed. The Environmental Impact Assessment Notification of September, 2 ..

Posted in Corporate Law |   119 Views


What is the Reliance gas dispute all about?

   21 July 2009 at 14:11

The raging dispute being heard in the Supreme Court between the companies belonging to the two Ambani brothers, Mukesh and Anil, mainly concerns the supply and pricing of natural gas from the Krishna Godavari basin. At the core of the dispute is how ..

Posted in Corporate Law |   162 Views


SC seeks explanation on gas deal: Reliance lawyer

   21 July 2009 at 14:09

The Supreme Court asked Reliance Industries and Reliance Natural Resources to explain why a gas supply deal between the two should not be cancelled and cleared the way for the government to be a party in the court battle, said a la ..

Posted in Corporate Law |   131 Views


Disgusted with fight between Ambani brothers: Deora

   21 July 2009 at 14:04

Oil minister Murli Deora on Monday reacted sharply to Anil Ambani's charge that the petroleum ministry was favouring Mukesh Ambani in the dispute over natural gas from Andhra offshore, even as petroleum secretary R S Pandey said t ..

Posted in Corporate Law |   128 Views