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Corporate Law News


Hc Flooded With Petitions Challenging Allotment Of Dda Flats

   13 January 2009 at 21:13

HC Flooded With Petitions Challenging Allotment Of DDA Flats13 Jan 2009, 1717 hrs IST, PTI NEW DELHI: Unsuccessful DDA flat applicants seem to be rushing to the Delhi High Court in hordes with petitions seeking a stay on allotment of 5,000 houses an ..

Posted in Corporate Law |   222 Views


25 Lawyers To Defend Former Satyam Officials

   12 January 2009 at 20:02

A battalion of 25 lawyers will defend disgraced former chairman of Satyam Computer Services B. Ramalinga Raju and two other accused in the Rs.70 billion ($1.43 billion) fraud case.This was announced by their lawyer S. Bharat Kumar Monday soon after a ..

Posted in Corporate Law |   250 Views


World Bank Names Blacklisted Indian IT Firms

   12 January 2009 at 15:12

World Bank Names Blacklisted Indian IT Firms12 Jan 2009, 1048 hrs IST, REUTERS WASHINGTON: The World Bank said on Sunday it plans to publish the names of all companies it bars from receiving Bank contracts, and named three Indian firms. "There are c ..

Posted in Corporate Law |   234 Views


The Amendment To Lic Act

   12 January 2009 at 08:39

The amendment to LIC Act On December 23, 2008, the government introduced in Parliament a Bill for amending the Insurance Act, to raise the capital of the Life Insurance Corporation from Rs. 5 crore to Rs. 100 crore. On the face of it, the intention b ..

Posted in Corporate Law |   227 Views


Company Cannot Be Held Responsible’

   12 January 2009 at 00:05

Company Cannot Be Held Responsible’11 Jan 2009, 0248 hrs IST, TNN PUNE: QuestNet Enterprises India Pvt Ltd, through a mail issued by its PR consultant, has said that the company cannot be held responsible for acts committed by errant Independent Rep ..

Posted in Corporate Law |   281 Views


Delhi HC: Petitioner Seeks Basic Facilities In Metro Rail

   11 January 2009 at 21:17

Delhi HC: Petitioner Seeks Basic Facilities In Metro Rail1/10/2009Petition has been filed in the Delhi High Court seeking direction to Delhi Metro Rail Corporation (DMRC) and the Delhi Government(NCT) to provide drinking water and toilet facilities f ..

Posted in Corporate Law |   237 Views


Govt Constitutes New Satyam Board

   11 January 2009 at 12:55

The Government has constituted the new board for troubled IT major Satyam Computers with the appointment of Kiran Karnik and Deepak Parekh as its members. The move is part of the ongoing government effort to salvage the IT major that has been going t ..

Posted in Corporate Law |   248 Views


Icai Serves Showcause Notice On Pricewaterhouse

   11 January 2009 at 12:55

Chartered accountants body ICAI on Saturday served a showcause notice on auditor PriceWaterhouse and asked it to submit balance sheets of Satyam Computer audited by it in the last five years."We today served showcause notice on PriceWaterhouse and as ..

Posted in Corporate Law |   267 Views


Current Directors Of Satyam Restrained From Acting As Its Directors

   11 January 2009 at 12:55

Following is the statement of Shri Prem Chand Gupta, Minister for Corporate Affairs, with respect to the recent developments in Satyam Computer Services Ltd.: “You have been witnessing the developments in Satyam case for last few days. To be brief an ..

Posted in Corporate Law |   218 Views


Satyam Faces Lawsuits

   09 January 2009 at 18:50

NEW YORK (Dow Jones) -- Top executives at Satyam Computer Services Ltd. vowed Thursday to restore confidence among investors and customers, as two class- action lawsuits were filed against the Indian software giant after its founder admitted to infla ..

Posted in Corporate Law |   236 Views