corporate law

The finance ministry has called for tougher foreign direct investment (FDI) norms in the housing and township sector. It has also proposed stringent monitoring to ensure FDI rules are strictly followed in this “sensitive” sector. The ministry has said a more effective mon..

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The Gujarat High Court in the matter between Thomson Rubber (India) Pvt Ltd Versus Union of India has harmoniously interpreted Rule 6 (a) of the Debt Recovery Tribunal (Procedure) Rules,1993 which read that  an application may be preferred before the DRT wherever the applicant is funnctioning as a Bank. The Bank filed an applicaton in DRT Ahmedabad relying on the Rul..

The Delhi High Court (HC) on Thursday said the National Stock Exchange (NSE) was a public authority and was bound to reveal information under the Right to Information (RTI) Act. Justice Sanjiv Khanna dismissed NSE’s plea that it could not be forced to disclose information under..

Independent directors of many companies post the Satyam episode were apprehensive about continuing with their roles, said R Bandhopadhyaya, secretary, Ministry of Corporate Affairs. He was speaking on the new Company Law Bill, corporate social responsibility and inclusive growth in t..

The government on Monday said the new Companies Bill seeks to provide more powers to the shareholders and ensure greater transparency about the functioning of corporates. "The new (companies) bill, which hopefully we will..

Breaking news: Sebi lifts ban on ULIPs April 12, 2010 Finance minister Pranab Mukherjee said that the status quo on the sale of ULIPs by insurance companies has been restored. He also said that Irda and Sebi have agreed on legally binding verdict..

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The Reserve Bank has directed urban cooperative banks not to treat the accounts of the farmers covered under the Debt Relief Scheme as bad if they agree to repay 75 per cent of due by June 30, 2010. The RBI directive follows the government decision, announced in the Union Budget 2010..

The government on Monday said the new FDI policy “is doing very well”, signalling that the private sector banks like ICICI Bank and HDFC Bank will be treated as foreign entities as majority of their ownership lies with overseas investors.“... as of now, the policy w..

The government plans to introduce a separate legislation to speed up insolvency proceedings and help distressed firms wind up operations quickly. The new law will shorten the legal processes involving insolvency operations of small and medium entities. The government is keen to make ..

SEBI on Monday made it mandatory for all listed companies to disclose their quarterly results within 45 days of the quarter end, to disclose their balance sheets every half year, as well as make sure that their auditors have been subject to the “peer review” mechanism rec..

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SEBI is again taking up for hearing the case relating to the role of audit firm PriceWaterhouse in the multi-core Satyam fraud. This follows the rejection by SEBI of the audit firm's application for a consent settlement earlier this month, a source said. Under the consent settlem..

The government will shortly introduce a new Companies Act which would ensure greater transparency and accountability in corporate India, a senior Central government official said. "The new Companies Act is already placed on the table of the House. A committee has been constitute..