corporate law

Fendi, Christian Dior, Louis Vuitton...the list goes on. Name almost any brand and chances are that you could walk across to a store in India and pick it up. No more browsing websites and asking friends or relatives to pick up the coveted item on a foreign jaunt. The shopping scene only promises to get better, with big brands intending to lay claim on their share of the retail pie in India. To..

1st meeting of newly constituted Central Board of trustees of EPF held APPROVES REDUCTION OF THRESHOLD LIMIT FOR COVERAGE UNDER THE EPF & MP ACT 1952 -------------------------------------------------------------------------------- 16:17 IST The 183rd meeting of the Central Board of Trustees, EPF, which was the first meeting of the newly constituted Board, approved the reduction of t..

New Delhi, Jul 5 Government today approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers. The decision on revision in the rate of interest of the EPF corpus fund for the year 2008-09 was deferred till the next meeting of the EPFO. A high-level meeting of board member..

Dubai-based investment firm Jermyn Capital LLC today moved the Supreme Court challenging market regulator SEBI's decision to ban it from trading in the Indian securities market for its alleged association with Ketan Parekh, the main accused in the 2001 stock market scam. A bench headed by Justice Altamas Kabir after brief hearing gave two weeks time to the company to file an affidavit givi..

Leading law firm Amarchand & Mangaldas (AMSS) is learnt to have given a clean chit to Anil Ambani-owned Reliance Communications (RCOM) over the company’s ongoing spar with Mukesh Ambani-owned Reliance Industries (RIL) on its proposed deal with South Africa’s largest telecom company, MTN. ET has learnt that AMSS, after having examined the non-compete agreement between the two Ambani brothers in..

The Cabinet Committee on Economic Affairs (CCEA) in India on Thursday approved the Cruise Shipping Policy that envisages a zero-tax regime for cruise ship operators. Under the policy, cruise operators will be exempted from income-tax, excise duty, customs duty, corporate tax and service tax that accounts for almost a third of their total revenues. A mini-township on the high seas, cruise shi..

Videocon-promoted telecom venture Datacoms roll-out plans envisaging an investment of up to Rs 15,000 crore may get upset with its minority shareholder HFCL preparing to fight a legal battle for alleged violation of shareholders agreement between the two. HFCL-backed Jumbo Techno Services, which sold majority shareholding of 64 per cent in Datacom Solutions to Videocon's Dhoots, is understood ..

The inclusion of royalty and technology transfer fees in the value of imported goods has always been a contentious matter. A recent Supreme Court judgment [Ferodo India Ltd. 2008 (224) ELT 23 (S.C.)] brings in a new dimension to the issue. Traditionally, the Customs have sought to load the technology transfer fees whenever they suspected that the fees were payable as a condition of sale of the ..

The fight between Uttar Pradesh government and Sahara on demolition of commercial complex Sahara Saher reached the Supreme Court for the second time in a week on Tuesday, with both sides alleging contempt of apex court by the other. Within hours of the Supreme Court ordering a status quo on the demolition matter on Monday, the two sides battled on the ground with each threatening to move the ..

New Delhi, Jun 23 (UNI) In a major reprieve to the Mayawati goverment in Uttar Pradesh, the Supreme Court today directed the parties concerned to maintain the status quo as of today in connection with the alleged illegal construction in the Sahara Shahr housing complex project in Gomati Nagar, Lucknow. A Vacation Bench comprising Justice Altamas Kabir and Justice G S Singhvi also is..

The fight between Uttar Pradesh government and Sahara on demolition of commercial complex Sahara Saher reached the Supreme Court for the second time in a week on Tuesday, with both sides alleging contempt of apex court by the other. Within hours of the Supreme Court ordering a status quo on the demolition matter on Monday, the two sides battled on the ground with each threatening to mov..

It's been a season of growing acrimony between estranged brothers Mukesh and Anil Ambani. Soon after the senior Ambani introduced a legal roadblock in Anil Ambani's talks to buy African telecom firm MTN, the younger sibling has found cause to slap a legal notice on Mukesh Ambani. The move follows an article on Mukesh Ambani in 'The New York Times' in which he is reported to have made a remark ..

13 FDI Proposals Cleared Finance 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 crore . The proposals are related to Ministries/Departments, namely Chemicals & Petro -chemicals, Industrial Policy & Promotion, Information & Broa..

Mon, Jun 23 05:05 PM Anand (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 turnover of Rs. 5,255.41 crores (52.554 billion rupees). It has registered quantum growth of 22.9 per cent with an increase of nearly Rs.1,000 cro..

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 Sahara, ordered that it should not take up any construction and also directed the Lucknow Development Authority not to resort to any demoli..