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Corporate Law News


Govt employees asked to travel only by Air India

   14 July 2009 at 10:39

In an effort to shore up revenue streams for Air India, the finance ministry on Monday ordered all central government employees to fly only on the state-owned flag carrier for their official travel—both domestic and international.This is one o ..

Posted in Corporate Law |   215 Views


ALTERNATIVE CONFLICT RESOLUTION MECHANISM FOR FOREIGN FIRMS

   13 July 2009 at 13:08

In an article which appeared on 29 June 2009 in these columns, it was suggested to enlarge the scope of Advance Ruling to provide a more effective mechanism for resolution of tax disputes between the tax department and foreign companies operating in ..

Posted in Corporate Law |   210 Views


Revised Information Technology Act to strengthen security an

   13 July 2009 at 12:06

The Information Technology (Amendment) Act, 2008 inter-alia include provisions for addressing protection of critical information infrastructure; privacy of information held in computer system and networks, breach of confidentiality and privacy, audit ..

Posted in Corporate Law |   287 Views


Cases referred to the Serious Fraud Investigation Office

   13 July 2009 at 12:04

In all, 37 cases were referred to the Serious Fraud Investigation Office (SFIO) during the last three years i.e. during the years 2006-07, 2007-08 and 2008-09.Out of these 37 cases, investigations in respect of 9 cases have been completed. The number ..

Posted in Corporate Law  1 comments |   253 Views


ICICI Bank sends legal notice to HDFC Bank official

   13 July 2009 at 11:24

India’s second-largest lender, ICICI Bank, has shot off a legal notice to a senior official of HDFC Bank, for airing views on ICICI in a business magazine. Mandeep Maitra, the officer in question, who is the head of human re ..

Posted in Corporate Law |   254 Views


Madras HC: No extra legal rights for international companies

   11 July 2009 at 14:04

The Madras High Court has said international companies operating in India cannot claim any extra legal rights over Indian people and cannot prevent the public from holding demonstrations in front of their office.Passing orders on petitions filed by D ..

Posted in Corporate Law |   123 Views


Bihar: Court permits CBI to make approver in Fodder scam

   11 July 2009 at 13:24

CBI special court allowed the prosecution to make an accused, approver in connection with much hyped fodder scam.Special CBI judge Virendra Mohan Srivastav ordered the prosecution to turn an accused Sailesh Prasad Singh approver after hearing the arg ..

Posted in Corporate Law |   121 Views


Hyderabad Court allows CBI to conduct tests on Ramalinga Raj

   11 July 2009 at 13:22

Hyderabad court allowed the CBI probing the multi-crore fraud in the Satyam Computer Services (Satyam) to conduct forensic, lie-detector and brain mapping tests on Satyam founder B Ramalinga Raju and two other accused in the case.The designated CBI c ..

Posted in Corporate Law |   145 Views


Parasaran to represent govt in RIL-RNRL gas case

   11 July 2009 at 13:15

Additional solicitor general Mohan Parasaran is set to represent the government in the Supreme Court in the Reliance Industries (RIL) versus Reliance Natural Resources (RNRL) case. “Mr Parasaran has been reappointed as additi ..

Posted in Corporate Law |   238 Views


RIL-RNRL case: Battleground shifts to Delhi for Ambani broth

   11 July 2009 at 13:14

The battle for gas between the two Ambani brothers has clearly shifted base from Mumbai to the national capital. It’s not just the legal case that has landed in Delhi, both the brothers and their associates are frequenting th ..

Posted in Corporate Law |   150 Views