corporate law

 The Securities and Exchange Board of India (Sebi) has notified new guidelines that, among other things, reduces the overall time period for public issues to 10 days, and seeks disclosures relating to pledged shares in the prospectus. The new guidelines — ..

Sub-brokers in the stock market are likely to be exempted from the requirement of registering with the capital market regulator before starting their operations as per a proposal under consideration of the finance ministry and the Securities and Exchange Board of India (SEBI). The move is to promote self-re..

The Securities and Exchange Board of India is turning a stricter eye on company promoters who have been issued preferential warrants, saying that they will have to forfeit the upfront payment made on unexercised warrants. This is contained in its recentl..

To help cash-strapped micro and small enterprises attract higher overseas investment, the government today liberalised the FDI norms for the sector replacing the current 24% ceiling on foreign holding with the sectoral caps. These industries will now be ..

The Delhi High Court allowed Pharma company Cipla to produce the generic version of the anti-cancer drug Nexavar and directed the drug regulator to grant it licence. Earlier, German drug major Bayer Healthcare had filed a suit against Cipla stating that they do not have the right to manufacture the drug as the sole patent right to manufacture, sell and distribute the cancer..

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 The Reserve Bank of India (RBI) on Monday said the quantum of securities, which can be classified as held-to-maturity (HTM), shall be restricted up to 100% of the paid-up capital of the primary dealers (PD) as at the end March of the preceding financial year. ..

 The Securities and Exchange Board of India (Sebi) may soon issue ground rules for setting up stock exchanges dedicated to the small and medium firms, enabling them to raise capital from the market. "The Sebi is working on the concept paper on SME excha..

A larger bench of the Supreme Court will decide the issue of whether insurance companies can be compelled to pay the claim even if they are under no liability to pay such amount? A bench comprising Justice Markandey Katju and Justice AK Ganguly said: “We are of the opinion if the in..

The Union Government has closed down Monopoly and Restrictive Trade Practices (MRTP) Commission after 40 years of its existence. According to the notification issued by the Union Ministry of Corporate Affairs, MRTP has stopped functioning with effect from September 1, 2009.  No fresh cases shall be filed in MRTP Commission but it will continue to function for the next ..

Insurance sector regulator IRDA today said it is likely to come out with initial public offer (IPO) guidelines by October. "We had two meetings with the SEBI and couple of more is required (to decide on final guideline on IPO)," IRDA Chairman J Hari Narayan said at a CII event. ..

The Delhi High Court directed the Central government to reconsider its postal insurance rules and to treat the persons with disability at par with other people. Appearing on behalf of the government, Solicitor General (SG) Gopal Subramanium assured the court that the government will take broad base consultation with experts and also take advice from the insurance regulator ..

The Reserve Bank of India (RBI) today prohibited chit funds from accepting deposits, a move that could make banks the sole public deposit-taking institutions in the country. The apex bank said these funds could accept deposits only from their shareholder..

The Madras High Court has admitted a winding up plea petition against Subhiksha, the beleaguered deep discount retail chain, filed by Kotak Mahindra Bank. While admitting the petition, Justice P Jothimani passed orders for publication of advertisement in national dailies by Kotak Mahindra Bank. The advertisement will seek objections, if any, from stakeholders about the clos..

Admitting that the process of finalising the long pending broadcasting bill needs to be "accelerated", the Centre on Friday said it would be firmed up only aft..