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Corporate Law News


SC orders status quo in Sahara Sahar matter

   23 June 2008 at 22:09

SC orders status quo in Sahara Sahar matter The Supreme Court on Monday ordered status quo on the Sahara Sahar demolition matter on a petition filed by the Uttar Pradesh government. A bench headed by Justice Altmas Kabir, while issuing notice to Saha ..

Posted in Corporate Law |   308 Views


Amul, now a billion dollar Co-Operative enterprise

   23 June 2008 at 22:09

Mon, Jun 23 05:05 PMAnand (Gujarat), June 23 (ANI): Gujarat Co-operative Milk Marketing Federation (GCMMF) popularly known for its products brand name Amul has become India's first billion dollar co-operative unit after touching the record annual tur ..

Posted in Corporate Law |   643 Views


13 FDI Proposals Cleared

   23 June 2008 at 22:09

13 FDI Proposals ClearedFinance Minister, Shri P. Chidambaram has approved 13 Foreign Direct Investment proposals recommended by Foreign Investment Promotion Board (FIPB) in its meeting held on 4 th June, 2008 . The approval amounts to Rs . 1524.70 c ..

Posted in Corporate Law |   392 Views


Banks can't levy charges for transaction not done: Commission

   23 June 2008 at 00:51

A bank cannot impose transaction charges on a customer who never made any transaction; the Delhi Consumer Commission has held terming such a practice as "illegal and unjustified". "To debit transaction charges from the account of a person who has ne ..

Posted in Corporate Law |   352 Views


TRAI recommendations on Internet telephony in two months

   21 June 2008 at 14:30

The Telecom Regulatory Authority of India (TRAI) would submit its recommendations to the government on internet telephony in the next two months. Member TRAI R N Prabhakar told reporters on the sidelines of an open house on Internet Telephony that t ..

Posted in Corporate Law |   354 Views


Loan waiver scheme includes interest component : FM

   21 June 2008 at 14:30

Loan waiver scheme includes interest component : FM Finance Minister clarifies that loan waiver scheme includes interest component and asks all PSU banks to prepare the list of beneficiaries by 25th of this month. Finance Minister P Chidambaram has d ..

Posted in Corporate Law |   381 Views


Thiru. T.R. Baalu approves 50% D.A. merger with the basic pay for the employees of SCI

   20 June 2008 at 18:50

The Union Minister for Shipping, Road Transport & Highways, Thiru. T.R. Baalu has approved the merger of Dearness Allowance (D.A.) equivalent to 50% of the basic pay in the pay scale of 1997 level with effect from 1st January, 2007 for the 1015 shore ..

Posted in Corporate Law |   384 Views


RBI relaxes lending norms for housing loans by coop banks

   18 June 2008 at 14:25

Making it easier for urban cooperative banks to extend housing loans, Reserve Bank has relaxed the risk provisioning norm for purchase of residential properties up to Rs 30 lakh. The central bank issued notification yesterday in pursuance of the ann ..

Posted in Corporate Law |   315 Views


Ambani legal feuds not helping anyone

   17 June 2008 at 13:07

The episodic battle of legal claims and counterclaims between the Ambani brothers is beginning to become a bit monotonous even for the most ardent watchers of the two warring groups. The ordinary investors are left wondering why two of the country’s ..

Posted in Corporate Law |   308 Views


RBI may again raise repo rate by 25 bps by July

   17 June 2008 at 08:40

RBI may again raise repo rate by 25 bps by July: Economists Woes of the UPA government on the price front are likely to continue with inflation expected to reach the double digit mark in the weeks ahead, which may force the Reserve Bank to raise shor ..

Posted in Corporate Law |   270 Views