corporate law

The Union Cabinet today gave its approval for signing of Social Security Agreement between India and Germany. The Social Security Agreement with Germany would provide the benefit to Indian nationals working in Germany as short term contract upto 48 months no social security contribution would need to be paid under the German law by the detached workers provided they continue to make soci..

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 Netherlands: a) For short term contract upto 5 years no social security contribution would need to be paid under the Dutch law by the Indian ..

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 capacity of 12 million tonnes per year. A bench comprising Chief Justice K G Balakrishnan, Justices Arijit Pasayat and S H Kapadia directed t..

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 our system, which is already in place, and we hope to launch the future contracts in currency by end of August or early September," t..

The Supreme Court in its Judgment Dated: 7-8-2008 between M/s. GAIL (I) Vs Bal Kishan Agarwal Glass Industries, held that pending arbitation proceedings, the Arbitrator can grant interim directions and make interim arrangement between the parties. ..

A memorandum of cooperation was signed between Ministry of Panchayati Raj and Khadi and Village Industry Commission (KVIC) in the presence of Mr. Mani Shankar Aiyar, Minister of Panchayati Raj and Mr. Mahabir Prasad, Minister of MSME. Pacnhayats are the Institutions of local self-governments holding the mandate for local economic and social development. The Ministry of Panchayati Raj and K..

Mobile Number Portability (MNP) allows subscribers to retain their existing telephone number when they switch from one service provider to another or from one technology to another of the same service provider. The Guidelines for grant of MOBILE NUMBER PORTABILITY (MNP) SERVICE LICENCE in the country was announced today by Thiru A. Raja, Union Minister of Communications and Information Techn..

Thiru A. Raja, Union Minister of Communications and Information Technology today announced the detailed guidelines for 3G and BWA services laying down the road map for rolling out these services in the country. The announcement was made at a press conference in New Delhi. Shri Jyotiraditya M. Scindia, Minister of State for Communication and Information Technology was also present. With the in..

New Delhi, Jul 31 The Supreme Court today directed the Centre to cancel the licences of all those telemarketing companies which do not get themselves registered under the Do Not Disturb (DND) scheme. A bench headed by Justice A K Mathur issued the direction to the Centre to start cancelling the licences of all those telemarketing companies, which were not registered under the DND, from to..

The Union Cabinet today gave its approval for introduction of the New Pension Scheme of Government of India to all regular NVS employees joining NVS after the date of notification and also gave its approval for giving an option to the regular employees of NVS as on the date of notification of New Pension Scheme to continue with the existing CPF Scheme or to join the New Pension Scheme. In the la..

Japanese drug maker Daichii Sankyo, which has signed a share purchase agreement with Ranbaxy, today said its open offer for an additional 20 per cent stake in the domestic pharma major would undergo a change of schedule, pursuant to a delay in Sebi's approval. In a public announcement, Daiichi Sankyo said it is yet to receive market regulator Sebi's approval for an open offer to pick up a furt..

Madras High Court today upheld the Union Government's order on payment of bonus to employees. Dismissing an appeal petition filed by the UCO Bank Employees Association, a division bench comprising Justices S J Mukhopadhaya and V Dhanapalan said the intention of the Legislature was to provide bonus (out of 60 per cent) only to employees, whose salary was low and not to those, who earn a high..

By Judgment Dated: 30-7-2007, in Civil Appeal between Dharmendra Goel Vs. Oriental Insurance Co.Ltd., held that, Section 146 of the Motors Vehicles Act, 1988 casts an obligation on the owner of a vehicle to take out an insurance policy as provided under Chapter 11 of the Act and any vehicle driven without taking such a policy invites a punishment under Section 196 thereof. SC further observed th..

Diversified company, Godrej Industries Ltd said on Monday that its unit Godrej Agrovet Ltd, through Godrej Foods, has formed a joint venture with Tyson India Holdings Ltd. Godrej Foods will hold 49 per cent in the venture, in which Tyson India, a unit of Tyson Foods Inc of the US, will hold the remaining. Godrej Agrovet has transferred its poultry business to its unit, Godrej Foods, it also ad..

The cloud over real estate mutual funds (REMF) has lifted. The finance ministry has brushed aside RBI’s concerns of REMFs violating foreign direct investment (FDI) norms in the realty sector. North Block has said the central bank’s concern — stating that REMF scheme notified by Sebi in April contradicted FDI norms — was unwarranted. The finance ministry view could pave way for the launch of ne..