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Corporate Law News


New Bill proposes one person company concept

   31 August 2008 at 21:14

New Bill proposes one person company concept The new Company Bill, which proposes to do away with redundant provisions of the existing Companies Act, 1956, envisages a new entity in the form of one person company (OPC), while empowering the Governmen ..

Posted in Corporate Law |   274 Views


SC issues notice to Karnataka on imported sugar

   31 August 2008 at 12:01

New Delhi, Aug 31 (PTI) The Supreme Court has issued notice to the Karnataka government on a petition filed by a sugar importer challenging a High Court ruling that allowed levy of sales tax on imported sugar retrospectively.A bench headed by Justice ..

Posted in Corporate Law |   385 Views


Cabinet to consider new simplified company law

   29 August 2008 at 18:31

New Delhi, Aug. 28 The much-awaited Bill to replace the existing Companies Act, 1956 is expected to be taken up by the Union Cabinet for approval at its meeting slated for Friday. The Bill envisages a simplified company law that also does away with r ..

Posted in Corporate Law |   249 Views


Revise pay scales of UP government employees as per the recommendations of sixth pay commission

   19 August 2008 at 00:12

UP govt employees to get pay commission benefit from Jan 1,2006 Lucknow, Aug 18 Uttar Pradesh government today announced to revise pay scales of its government employees as per the recommendations of sixth pay commission with effect from January 1,2 ..

Posted in Corporate Law |   5241 Views


MoU on Conservation and Management of Dugongs

   15 August 2008 at 15:48

An MoU for conservation and management of Dugongs (Dugong dugon) and their habitats under the Conservation of Migratory Species (CMS) was signed during May, 2008. The Agreement is designed to facilitate national level and trans-boundary actions to co ..

Posted in Corporate Law |   262 Views


Tax blow to tipplers

   15 August 2008 at 15:48

Tax blow to tipplersAugust, 14th 2008The next time you visit your favourite watering hole for a drink, beprepared to gulp down a possible price hike, too.The government has claimed a 20 per cent share of the profit onevery peg sold by bars, restauran ..

Posted in Corporate Law |   274 Views


Merely because it is not in running condition, the machinery cannot be treated as scrapp

   12 August 2008 at 22:12

The Supreme Court in its Judgment Dated: 12-08-2008 between Valji Khimji & Company Vs. Official Liquidator of Hindustan Nitro Product(Gunjara) Ltd., & Others., held that, "The word `scrap' would ordinarily mean somethingwhich cannot be used for the s ..

Posted in Corporate Law |   203 Views


BSE plan to launch currency futures by September

   10 August 2008 at 23:37

The Bombay Stock Exchange is planning to launch Exchange Traded Currency Futures (ETCF) contracts by early September after SEBI officials inspect its system next week. "Securities and Exchange Board of India (SEBI) will come next week to inspect o ..

Posted in Corporate Law |   200 Views


SC approves steel mining by POSCO in Orissa 8/8/2008

   10 August 2008 at 23:37

The Supreme Court today cleared the decks for steel mining by South Korea-based POSCO India, the world's third largest steel producers, in 1,650 hectares of land in Orissa.POSCO has set up Rs 51,000 crore steel plant at Paradip in Orissa having a cap ..

Posted in Corporate Law |   222 Views


Social Security Agreement between India and The Netherlands

   10 August 2008 at 23:37

The Union Cabinet today gave its approval for signing of Social Security Agreement between India and The Netherlands. The Social Security Agreement with The Netherlands would provide for the following benefits to Indian nationals working in The Nethe ..

Posted in Corporate Law |   270 Views