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Corporate Law News


Audited annual reports may face scrutiny

   26 July 2008 at 12:29

The ministry of corporate affairs is working on a proposal according to which audited annual accounts of companies would be scrutinised on a regular basis. Currently, the government directs special audits only in cases where irregularities come to li ..

Posted in Corporate Law |   311 Views


RIL vs RNRL: Hearing to continue

   26 July 2008 at 12:29

Harish Salve, the counsel of Reliance Industries, will continue arguments in the second day of successive hearing of gas dispute between Ambani brothers in the Bombay High Court today.On Thursday, Harish Salve argued that the Memorandum of Understand ..

Posted in Corporate Law |   408 Views


SC reserves order on Sterlite Industries' plea

   26 July 2008 at 12:29

The Supreme Court today reserved its order on the plea of Sterlite Industries that it should be allowed to pursue their aluminium and refinery projects in Orissa as they have complied with the conditions set by the court some months ago.A bench heade ..

Posted in Corporate Law |   313 Views


RBI to issue final guidelines on M-Banking within two-weeks

   25 July 2008 at 23:47

The Reserve bank is likely to finalise guidelines on mobile banking within two weeks to enable banks to roll-out cellphone-based payment services to their customers. "We are presently examining the comments received in response to the draft guidelin ..

Posted in Corporate Law |   325 Views


IFCI takes Emaar MGF to Delhi HC

   25 July 2008 at 16:26

IFCI Ltd has taken real estate major Emaar MGF to the Delhi High Court for not refunding it Rs 50 crore that it had given to the latter in a pre-IPO placement.Stating this, an IFCI executive said the company had no option but to take legal recourse t ..

Posted in Corporate Law |   311 Views


Rolta to buy US firm

   25 July 2008 at 16:26

Rolta India Ltd, an information technology firm which specialises in geospatial information systems and high-end engineering, has finalised a deal to acquire a US-based company that specialises in business intelligenceThe move is seen as the company' ..

Posted in Corporate Law |   309 Views


SBI merger gets going, finally

   25 July 2008 at 16:26

Pending reforms in the banking sector, held up due to opposition from the Left parties, got a leg up on Thursday with the Union Cabinet's decision to issue an executive order to effect the merger of State Bank of Saurashtra (SBS) with its parent Stat ..

Posted in Corporate Law |   387 Views


Agreement on the establishment of South Asian Regional Standards Organization (SARSO)

   24 July 2008 at 22:19

THE Union Cabinet today gave its approval for signing of the Agreement on the establishment of the South Asia Regional Standards Organisation (SARSO) during the forthcoming 15th SAARC Summit to be held in Colombo, Sri Lanka on 2nd - 3rd August 2008. ..

Posted in Corporate Law |   413 Views


TRAI recommends 'self-regulation' on TV ratings

   24 July 2008 at 22:19

Broadcast regulator TRAI today said government regulating ratings on TV viewership is not advisable and suggested that a broadcaster or an advertiser should have stakes in rating agencies and vice versa to ensure neutrality of TRPs."Any form of gover ..

Posted in Corporate Law |   290 Views


M&A activity caught in legal bind

   21 July 2008 at 21:50

Recent developments in the Ranbaxy deal have heightened debate over the issue of conducting due diligence of operations of listed companies and whether an adverse development could lead to an open offer under the Sebi (Substantial Acquisition of Shar ..

Posted in Corporate Law |   452 Views