corporate law

Britain invites India to be part of new global deal Inviting India to be part of a "new global deal" to help eradicate poverty and disease, British Prime Minister Gordon Brown has said both the countries should join hands to rebuild key international institutions like the United Nations and G-8. "We need a new global deal between rich and poor countries that can release millions of ..

The Competition Act, 2002 faced a legal challenge. During the period the issues arising out the said legal challenge were under the consideration of the Hon’ble Supreme Court, the Competition Commission could not be fully operationalised. Finally the amendments necessary to address the legal challenge were effected through the Competion (Amendment) Act, 2007. Subsequently, the process of operation..

The Companies Act, 1956 provides for dissolution of companies either by winding up or through striking off names of defunct companies from the register of companies. A company, which has been dissolved under the Act, ceases to exist and as such is not required to comply with the provisions of the Act. Companies that are found to be not in compliance with the provisions of the Companies Act 1956..

Govt clears MoU between India and Mauritius The government today gave its approval for signing of a Memorandum of Understanding (MoU) between India and Mauritius that will enable both countries to conduct training programmes in old age care, drug abuse prevention and care of children in difficult circumstances. "The MoU includes conducting training programmes in human resource devel..

RBI to take action on inflation and liquidity on 29th April The Reserve Bank will come out with appropriate response to high inflation, now at 7 percent, and surging liquidity position in its credit policy on 29th April, apex bank's Deputy Governor Rakesh Mohan said. "We are examining the data on a constant basis, both international and domestic developments. These are important iss..

HC issues notice to Anil Kapoor, Ghai over 'Black and White' New Delhi, Apr 9 (PTI) The Delhi High Court today issued notices to Bollywood actor Anil Kapoor and Director Subhash Ghai over on a petition filed by a Delhi University professor seeking a ban on the screening of their recently released-film "Black and White" alleging it was anti-Muslim. Petitioner Dr Khalid Alvi, ..

MRTPC issues notice against Bharti, Vodafone for cartelisation In a major setback to the three big telecom operators - Bharti Airtel, Vodafone Essar and Idea Cellular, anti-monopoly watchdog MRTPC issued "notice of enquiry" on Thursday against them for allegedly forming a cartel to distort competition. Admitting a report of MRTPC's investigative unit DGIR, a Bench of the quasi-judic..

Pay Comm: Service chiefs submit p'sals for changes New Delhi, Apr 1 (PTI) Aiming for modifications in the Sixth Pay Commission's recommendations, Chairman, Chiefs of Staff Committee Admiral Sureesh Mehta and Army Chief General Deepak Kapoor today met Defence Minister AK Antony and submitted joint proposals on the issue. The proposals submitted by the service chiefs would now..

Corporates pay lower salaries to peons, clerks: Pay Panel New Delhi, Mar 30 (PTI) Corporates are poor paymasters when it comes to rewarding lower level employees such as peons and clerks, says a study commissioned by the Sixth Pay Commission. The government pays better salaries to the lower categories of employees than the corporate sector, pointed out a study conducted by X..

SC issues notice to financial analyst on SEBI's plea The Supreme Court issued notice to financial analyst and TV personality Mathew Easow for allegedly advising investors to buy certain scrips, while he himself was selling those stocks. The bench headed by Justice S H Kapadia, while seeking a reply from Easow, who is also a commentator for CNBC TV channel, also stayed the Securitie..

TRAI phases out ADC, paves way for lower mobile tariffs Local and domestic long distance mobile call tariffs may drop further since the telecom regulator TRAI on Thursday announced that private telecom operators would be exempted from paying a fee called 'ADC' to state-run BSNL by 1st April. "We will be passing on the benefit to our customers wherever possible," a spokesperson of le..

Thursday 27 March, 2008. Loan defaulters should be given last chance to repay: RBI The Reserve Bank proposes to make it mandatory for banks to give loan defaulters one last opportunity to repay before taking possession of the mortgaged property. In its second draft guidelines on recovery agents released on Tuesday, RBI said the re-possession procedures should follow the "..

India to become 2nd largest mobile phone market: TRAI New Delhi, Mar 24 (UNI) Telecom watchdog TRAI today said the country is likely to become second largest mobile phone market in the world, after China, by next month. The total number of wireless customers in the country touched 250.93 million in February this year, as compared to 260.50 million subscriber base in t..

India, Vietnam sign MoU for cooperation in security matters India and Vietnam on Monday signed a Memorandum of Understanding (MoU) for bilateral cooperation in security matters, including international terrorism and drug trafficking. The MoU was signed after delegation-level talks between Union Home Minister Shivraj Patil and visiting Vietnamese Minister for Public Security Gen Le H..

SIGNING OF MOU BETWEEN INDIA AND MALAYSIA ON EMPLOYMENT OF WORKERS -------------------------------------------------------------------------------- The Cabinet gave its approval for signing of Memorandum of Understanding between India and Malaysia on Employment of Workers. This would benefit the Indian emigrant workers, especially the unskilled, semi-skilled and skilled workers. ..