corporate law

Former Chhattisgarh High Court Judge Mr Justice Dilip Raosaheb Deshmukh took charge as the new Chairman of the Company Law Board (CLB) on Friday, four days ahead of the originally scheduled joining date. This follows a request by the Government as the presiding Chairman, Mr R. Vasudevan, was arrested on Tuesday by the CBI in a bribery case. The CLB Chair..

Anil Ambani led RNRL asserted in the Supreme Court that family MoU of 2005 was a "sacrosanct" document..

The Ministry of Corporate Affairs has established Indian Institute of Corporate Affairs (IICA) to act as the capacity building support for the officers / officials of the Ministry on issues relating to effective corporate functioning and regulation. The Institute can also design and deliver training programmes on such areas relating to corporate laws and regulations..

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To encourage foreign portfolio investment, the Finance Ministry has set up a working group for suggesting changes in the existing policy on foreign capital inflows by FIIs, NRIs and venture capital funds. p class="MsoNorma..

Former Prime Minister H D Devegowda will appear personally in the Supreme Court on November 26. Mr Devegowda has filed an application to implead in the Bangalore-Mysore infrastructure corridor case in which he has been demanding ouster of the present contractor M/s NICE. Mr Devegowda has made serious allegatio..

MUMBAI — India's private sector energy giant Reliance Industries Limited has announced a cash bid to buy a controlling stake in bankrupt petrochemicals firm LyondellBasell Industries. "The offer is preliminary and subject to customary conditions including conduct of due diligence, documentation and receipt of sufficient creditor support," ..

Government on Tuesday opened its arguments in the high-voltage gas row between the Ambani brothers in the Supreme Court as..

Mukesh Ambani’s Reliance Industries Limited (RIL) asserted before the Supreme Court that the Union Government as a public interest watchdog, cannot be kept out of the natural gas dispute since gas is a national asset and its benefits must reach the aam aadmi. Senior counsel Harish Salve, appearing for Mukesh ..

The Supreme Court (SC) has stated when there are serious allegations of malpractices and manipulation of accounts of a firm, the dispute cannot be properly dealt with by an arbitrator. It would be appropriate to let the civil court decide. In this case, N Radhakrishnan vs M/s Maestro Engineers, partners in the firm split and one of the..

Legal reforms, which the govern..

GOVT. TO LOOK INTO CONCERNS ON DRAFT DIRECT TAXES CODE The proposals of the Direct Taxes Code on taxation for salaried employees and income from house property may undergo some changes. Finance Minister Pranab Mukherjee has added these two issues to the list of critical areas in the draft Code for further comprehensive review. Addressing the newly-constituted parliamentary consultative comm..

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After keeping a judgement reserved for almost two months, another Supreme Court judge Justice Markandey Katju on Wednesday withdrew from a dispute between Mukesh Ambani group firm Reliance Industries Ltd and BPCL over price differences in naptha supplied by state-run company to RIL plant in Raigad. Katju recused himself from the matter saying his wife hel..

The extra freedom given to the 26 public sector banks from this year to choose their statutory auditors has auditing companies — both those chosen and those left out — restive. They have approached the Union finance ministry and the Prime Minister’s Office to say that the decision will affect the quality of audits. The Institute of Char..