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Corporate Law News


6th pay recommendations to be implemented from Nov in Goa

   21 September 2008 at 10:48

Goa government will implement the sixth pay commission recommendation from November 2008 while the state cabinet, scheduled to meet next week, will decide on the recommendation which would be later implemented to the state govt employees. Officials c ..

Posted in Corporate Law |   248 Views


22 villages set for first referendum on SEZ

   19 September 2008 at 22:57

Raigad, September 16 About 4,500 landowners in Panvel, Pen and Uran in the Raigad district of Maharashtra are gearing up to cast 'votes' in the country's first Special Economic Zone (SEZ) referendum on September 21, the outcome of which will be facto ..

Posted in Corporate Law |   202 Views


SC to hear plea of air hostesses grounded for over weight

   19 September 2008 at 20:03

New Delhi, Sept 19: The Supreme Court is scheduled to hear on Friday the plea of five Indian Airlines air hostesses who were grounded for putting on excessive weight. They have approached the apex court challenging the Delhi High Court's order which ..

Posted in Corporate Law |   249 Views


Agreement between India & Israel

   19 September 2008 at 08:38

The Union Cabinet today gave its approval for signing and ratification of the Agreement on transfer of sentenced persons between the Government of India and the Government of State of Israel. This would enable the prisoners to be near their families ..

Posted in Corporate Law |   211 Views


Agreement between India & Latvia

   19 September 2008 at 08:38

The Union Cabinet today gave its approval for signing of the Agreement between India and Latvia for Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to Taxes on income The Agreement will stimulate the flow of capital, techno ..

Posted in Corporate Law |   177 Views


MoU between India and Bahrain

   19 September 2008 at 08:38

The Union Cabinet today gave its approval for signing of a MoU between India and Bahrain on Labour and Manpower Development. The MoU would benefit the Indian emigrant workers, especially the unskilled, semi-skilled and skilled workers and housemaids. ..

Posted in Corporate Law |   210 Views


Agreement between India and Maldives

   19 September 2008 at 08:38

The Union Cabinet today gave its approval for signing the Air Services Agreement between India and Maldives. A revised agreement signifies an important landmark in the civil aviation relations between India and Maldives and has the potential to spur ..

Posted in Corporate Law |   465 Views


Govt against merger of Indian firms with companies abroad

   16 September 2008 at 22:09

The government has decided not to allow the merger of Indian companies with foreign companies, a proposal it deliberated on extensively while formulating the new company law.Although this is an international best practice in the laws relating to merg ..

Posted in Corporate Law |   273 Views


New law for removing time limit on dividend claim

   16 September 2008 at 22:09

The new company law proposes to remove the time limit for claiming dividend. The Companies Bill 2008 -- recently cleared by the Cabinet and to be placed before Parliament soon -- has removed the seven-year ceiling up to which unclaimed dividend remai ..

Posted in Corporate Law |   269 Views


Shareholders may have exit option in mergers

   16 September 2008 at 22:09

The revamped Company Law is likely to propose a mechanism that would protect shareholders'' value in cases where a listed entity is merged with an unlisted one and vice-versa.The soon-to-be-introduced Companies Bill, 2008, is expected to stipulate th ..

Posted in Corporate Law |   238 Views