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Corporate Law News


NO COMPREHENSIVE REVIEW OF FDI NORMS: SHARMA

   30 May 2009 at 14:50

Assuming charge as the commerce and industry minister today, Anand Sharma ruled out any “comprehensive” review of the new Foreign Direct Investment (FDI) norms but assured more help to the exporters who are adversely impacted by the globa ..

Posted in Corporate Law |   284 Views


Finance ministry may do audit of Satyam

   29 May 2009 at 15:58

The finance ministry is evaluating options of conducting a special audit of scam-tainted IT firm Satyam Computer's accounts to ascertain the company's tax liability. A decision on this will be taken after the tax authorities go through the report of ..

Posted in Corporate Law  2 comments |   382 Views


LAW AND JUSTICE MINISTER OF INDIA

   29 May 2009 at 12:16

M Veerappa Moily, former Karnataka Chief Minister and a prominent backward community leader of Congress was on Thursday alloted the Ministry of Law and Justice. Moily, 69, who has considerable administrative experience acquired during his stint as th ..

Posted in Corporate Law |   401 Views


Power of Registrar to call for information or explanation

   28 May 2009 at 13:24

HIGH COURT OF DELHIHarbans Lalv.Registrar of CompaniesDR. S. MURALIDHAR, J.CRL. M.C. NOS. 2264-67 OF 2006AND CRL. M.A. NOS. 3621-22 OF 2006MARCH 20, 2009Section 234 of the Companies Act, 1956 - Power of Registrar to call for information or explanatio ..

Posted in Corporate Law |   498 Views


SEBI IMPOSES HEAVY PENALTY FOR FRAUDS IN F&O MKT

   28 May 2009 at 13:00

Market regulator SEBI imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and TCS in the future and options market. However, SEBI said no quantifiable f ..

Posted in Corporate Law |   316 Views


Anti-dumping duty on viscose yarn from China planned

   27 May 2009 at 15:25

India is contemplating imposition of anti-dumping duty on imports of viscose filament yarn to guard the domestic market from being flooded by cheap Chinese raw material used in the textile sector.The provisional anti-dumping duty would be equal to th ..

Posted in Corporate Law |   231 Views


Companies Bill 2008 approved by Cabinet

   27 May 2009 at 12:39

Government of India today approved the introduction of a new single, comprehensive law to govern the Indian corporate sector. The Bill is expected to be tabled in Parliament during the upcoming October session.As per PIB Press Release, The Union Cabi ..

Posted in Corporate Law |   328 Views


ESTABLISHMENT OF COMPETITION COMMISSION OF INDIA

   27 May 2009 at 11:40

ATTENTION MEMBERS ESTABLISHMENT OF COMPETITION COMMISSION OF INDIA The Central Government has appointed the Chairman and Members of the Competition Commission of India. Present Organogram of Competition Commission of IndiaNOTIFICATION OF SECTION 3 ..

Posted in Corporate Law |   1754 Views


Relaxation to trade and industry in the state of Jammu and K

   27 May 2009 at 10:36

RBI/2008-09/484DBOD. No. BP. BC. 135 /21.04.012/2008-09May 26, 2009The Chairman / CMD / MD / CEOAll Scheduled Commercial Banks (excluding RRBs)Dear Sir,Relaxation to trade and industry in the state of Jammu and KashmirPlease refer to our circular DBO ..

Posted in Corporate Law |   221 Views


Change in FDI policy a continuous process: Nath

   27 May 2009 at 10:35

Senior Cabinet minister Kamal Nath on Monday said “new things would be thrown up” as the government fine-tunes the foreign direct investment policy.“This is a continuous process and new things would be thrown up as we move on,&rdquo ..

Posted in Corporate Law |   178 Views