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Corporate Law News


FIN MIN RAISES QUESTION ON NEW FDI POLICY

   25 April 2009 at 14:08

The Finance Ministry has raised questions on the new foreign direct investment rules which have prompted several domestic firms to rework their ownership structure for attracting FDI in areas like retail through backdoor. The Department of Industrial ..

Posted in Corporate Law |   259 Views


corporate social responsibility: Some Theory and Practice

   24 April 2009 at 09:36

Experts in the area of corporate social responsibility (CSR) have argued that CSR is not just philanthropy by companies. It should involve the right combination of enhancing long-term shareholder value and protecting the interests of various other st ..

Posted in Corporate Law |   416 Views


JUDICIAL ENTRENCHMENT OF THE BHATIA INTERNATIONAL DECISION

   24 April 2009 at 09:32

Recently, in the case of Tamil Nadu Electricity Board v. Videocon Power Ltd., a two-judge bench of the Madras High Court had occasion to deal with foreign arbitral awards, and the applicability of Part I of the Arbitration Act (which deals with domes ..

Posted in Corporate Law |   1283 Views


NBFCs GET A BOOST FROM RBI STEP

   23 April 2009 at 12:59

The RBI has made the lives of non-banking financial companies (NBFC) a tad easy. Factoring in the tough market conditions to raise equity capital, the apex bank has decided to defer the implementation of capital risk-weighted assets ratio (also known ..

Posted in Corporate Law |   264 Views


RBI TO UPGRADE REGULATIONS TO DEAL WITH TAX HAVENS

   23 April 2009 at 12:55

The Reserve Bank of India (RBI) today said it would deal with the problem of black money being hidden in tax havens by continuously updating its regulations in line with the G-20 guidelines on strengthening transparency in cross-border movement of ca ..

Posted in Corporate Law |   212 Views


DGFT ISSUES CLARIFICATION ON EXPORT OBLIGATION

   20 April 2009 at 13:19

The Director General of Foreign Trade (DGFT) has issued a useful clarification (Policy Circular No. 80/2008, dated April 30, 2009). It follows the amendment in Para 4.22 of the Handbook of Procedures, Vol. 1 (through Public Notice No. 151/2008 dated ..

Posted in Corporate Law |   432 Views


Sebi plans to hasten primary market settlement process

   17 April 2009 at 17:25

In an effort to hasten the process of settlement in primary market issuances, the Securities and Exchange Board of India (Sebi) is mulling ways to shift to the T+2 (transaction+2 days) system, which is followed by the secondary market for settlement ..

Posted in Corporate Law |   272 Views


Gujarat HC sets Nano compensation plea hearing on April 15

   15 April 2009 at 09:06

Gujarat High Court posted for hearing all applications, seeking higher compensation to farmers affected by Nano car project, being set up near Sanand town by Tata Motors, about 30 kms from here, on April 15.The two member bench, comprising Justices K ..

Posted in Corporate Law |   241 Views


SC expresses concern over mobile cable tariff irregulations

   15 April 2009 at 09:05

The Supreme Court has expressed concern over the tendency of mobile phone companies and cable operators looting the people at will. The damaging observation which is in conformity with the grievances of the consumer was made by Chief Justice K G Bala ..

Posted in Corporate Law |   236 Views


Inaguration of Arbitration Institution

   06 April 2009 at 11:50

CNICA ( Council for National and International Commercial Arbitration) established in Chennai, Tamil Nadu, India is now spreading its wings. The institution is to open up its branch at Kanyakumari District at Nagarcoil, on 14.4.2008. The Venue is to ..

Posted in Corporate Law |   328 Views