corporate law

The Calcutta High Court today said it would pass its final order on September 26 on the Tata Motors plea for not allowing West Bengal government to disclose contents of its agreement on setting up its small car plant while extending the interim gag order till September 30. Justice Dipankar Dutta, after conclusion of hearing in the case, said he would deliver the judgement on Tata Motors' pr..

New Delhi, Sept 21: The Supreme Court will decide whether the Union government notifications governing prices of petroleum products can be construed as law. Indian Oil Corporation has raised the issue before the apex court, which has admitted and tagged the petition with a similar matter pending before it. Oil India Ltd has challenged a Guwahati High Court ruling that upheld the arbitral t..

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 confirmed that the average jump in salary for any government employee would be around 30 to 35 percent. The state government would have to..

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 factored in by the district administration to decide on the Maha Mumbai SEZ promoted by Reliance Industries chairman Mukesh Ambani. The promoters of the SE..

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 upheld the airlines' policy to ground air hostesses for being overweight. Filing the petition through their advocate Arvind Shrama, the air ho..

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 greater trade, investment, tourism and cultural exchange between the two countries. ..

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. ..

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, technology and personnel from India to Latvia and vice-versa. It will provide tax stability and reduce any obstacles in providing mutual cooperatio..

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 and would help in the process of their social rehabilitation as the Israeli convicted prisoners could be transferred to their home country and p..

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 that in such situations, the shareholders should be given an exit option with a safety net, an official said. The Bill is likely to envisage tha..

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 remains safe in the government''s kitty. This means investors can claim their dividend even 10 years after declaration of dividend once the new Bill ge..

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 mergers and acquisitions, the government has concluded that merger of an Indian company with a foreign company would lead to a situation where sh..

Reserve Bank proposed to put a ceiling on charges for collection of outstation cheques, ranging from Rs 25 to Rs 100 depending upon the value, a move that will benefit banking customers. Under the proposed scheme, a bank will not be allowed to charge more than Rs 25 for collection of outstation cheques up to Rs 10,000, the RBI said while inviting public comments by September 25 on its approac..

The Union Cabinet today gave its approval for signing and ratification of the Extradition Treaty between India and Iran. The Treaty would provide a legal framework for seeking extradition of terrorists, economic offenders, and other criminals from and to Iran. ..

The Ministry of Information & Broadcasting has today issued guidelines for provisioning of Internet Protocol Television (IPTV) Services in India in pursuance of Union Cabinet’s decision of 21st August, 2008. IPTV services facilitate delivery of television content to the viewer through the technologies used for computer network instead of traditional format and cabling. It would require either ..