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Corporate Law News


CCI to play crucial role in the vibrant Indian market

   12 June 2009 at 11:11

Competition Commission of India to play crucial role in the vibrant Indian market – Salman Khurshid The Minister for Corporate Affairs, Shri Salman Khurshid here today inaugurated the first National Conference on ‘State of Competition in ..

Posted in Corporate Law |   265 Views


Liquidation process for cos to be streamlined soon

   12 June 2009 at 10:02

The ministry of corporate affairs (MCA) is planning to take up a comprehensive project for streamlining the process of liquidation of companies, a major hurdle for India.A senior MCA official told FE, “In order to have a faster and transparent ..

Posted in Corporate Law |   188 Views


IRDA TO INTRODUCE UNIFORM VALUATION NORMS FOR INSURERS

   11 June 2009 at 12:54

Insurance Regulatory & Development Authority (IRDA) has decided to make the valuation exercise of insurance companies simpler and homogeneous. It will shortly introduce a uniform and standard valuation methodology based on the companies’ e ..

Posted in Corporate Law |   247 Views


CCI to organize a two-day National Conference on the State

   11 June 2009 at 10:54

Competition Commission of India to organize a two-day National Conference on the State of Competition in the Indian Economy from tomorrow The Competition Commission of India (CCI) is organizing a two-day National Conference on the ‘State of Com ..

Posted in Corporate Law |   231 Views


Court allows Enforcement Directorate to question Satyam accu

   10 June 2009 at 13:11

A city court today granted permission to the Enforcement Directorate to record the statements of Satyam Computer Services founder B Ramalinga Raju and four other accused in the Satyam scam case.In his order, XIV Additional Chief Metropolitan Magistra ..

Posted in Corporate Law |   168 Views


Bombay HC dismissed PIL challenging constitutional validity

   10 June 2009 at 13:03

‘The timing, scope and extent of audit are all matters which fall within the jurisdiction of the Comptroller and Auditor (CAG) of India and this is certainly not a matter on which the Court ought to tread’. The Hon’ble Bombay High ..

Posted in Corporate Law |   143 Views


Govt considering de-notification rules for SEZs

   10 June 2009 at 10:08

The government is looking into formulating new rules for de-notification of special economic zones in the wake of several developers, including realty major DLF, approaching the Commerce Ministry for surrendering their tax-free enclaves."The de ..

Posted in Corporate Law |   253 Views


PIL challenging constitutional validity of Market dismissed

   10 June 2009 at 08:23

“The timing, scope and extent of audit are all matters which fall within the jurisdiction of the Comptroller and Auditor (CAG) of India and this is certainly not a matter on which the Court ought to tread”. The Hon’ble Bombay High ..

Posted in Corporate Law |   201 Views


Banks can close old fraud cases of up to Rs 25 lakh: RBI

   08 June 2009 at 10:18

The Reserve Bank of India (RBI) has decided to relax the existing norms on the closure of fraud cases by banks saying that banks would be allowed, for limited statistical or reporting purposes, to close those fraud cases involving amounts up to Rs 25 ..

Posted in Corporate Law |   165 Views


Tax holidays likely for FDI in food processing

   08 June 2009 at 10:18

In a bid to attract foreign direct investment (FDI) into food processing sector, the government is working out a strategy for giving tax holidays to foreign investors for the next five years.According to Subodh Kant Sahai, Union minister for food pro ..

Posted in Corporate Law |   162 Views