corporate law

The Supreme Court has held leading stock broker Hiten P Dalal guilty of criminal conspiracy and receiving stolen property and sentenced him to six months of rigorous imprisonment with a fine of Rs 50,000 for his involvement in the 1992 Securities Scam in which public sector banks were defrauded of crores of rupees. A bench comprising Justices S B Sinha and Cyriac Joseph als..

 Finance Secretary Ashok Chawla said on Tuesday the move to introduce cash-management bills maturing in less than 91 days would provide more flexibility to the government to manage short-term funding mismatches. "It will provide more flexibility for cash management," Chawla told reporters./s..

The Calcutta High Court today began hearing a suit challenging its earlier order staying screening of Bengali film ‘Paran Jai Jalia Re’ after a Mumbai based producer complained of copyright violation. A two-man bench including Pinaki Chandra Ghosh opened the hearing and fixed the date for tomorrow. Mumbai based director-producer Vipul Shah had told the court that the Bengali film ‘Paran Jai ..

The ministry of corporate affairs wants other ministries, state governments and sectoral regulators to recognise limited liability partnerships (LLP) after over 100 entities registered under the LLP Act enacted last year. The ministry will write to all departmen..

The average inflation for FY10 will be modest at 0.5 per cent, higher than the earlier projection of 0.1 per cent, a leading economic    think-tank said in its latest..

 Insurance regulator IRDA is ready with the final guidelines on corporate governance for the sector focusing on key areas such as lock-in period for promoters, whistle blowing policy, governance structure and disclosures. On lock-in period, the IRDA guidelines said promoters of insurance companies woul..

The ministry of corporate affairs wants other ministries, state governments and sectoral regulators to recognise limited liability partnerships (LLP) after over 100 entities registered under the LLP Act enacted last year. The ministry will write to all departments and regulators concerned to align their res..

The Supreme Court has said buyers of goods or commodities for ‘self consumption’ in economic activities in which they are engaged would be ‘consumers’ for the purpose of claim of damages under the provision of t..

Foreign Investment Policy for LLP Firms under review      The government has decided to clarify the foreign investment rules under the new limited liability partnership (LLP) framework. An official confirmed to FE that the ministry of corp..

Over two years after the Cyber Regulations Appellate Tribunal (CRAT) — the maiden forum in the country to exclusively try cyber cases — became functional, it recently got a new address and a well-equipped courtroom. Its head, Justice Rajesh Tandon, remains dissatisfied with the “unreasonable”..

 The Supreme Court admitted petitions of auction portal eBay India Pvt Ltd and its chief Avinash Bajaj seeking quashing of the criminal proceedings initiated against them for allegedly permitting the sale of an MMS clip showing two school students in Delhi in a sexual act. A Bench headed by Justice Altamas Kabir admitted bot..

The government said on Friday the role and responsibilities of independent directors on the boards of companies would be fixed as also the number of firms they could represent once the Companies Bill, 2009, became a law. The role of independent directors came into sharp focus after the country's biggest cor..

The government is working on a proposal to introduce a new legislation relating to foreign investment aimed at removing the distinction between various categories of overseas capital, a move intended to ensure stability in policy and help Indian firms attract lo..

The government will set up two regional directorates to assist companies in the north western and north eastern regions, Parliament was informed today. The directorates would come up in Ahmedabad in Gujarat and at Guwahati in Assam, Corporate Affairs Minister Salman Khurshid said in a written reply in the L..

Madras High Court directed the State Transport Authorities (STA) to remove all advertisement signboards from the State-owned corporation buses immediately. While allowing a Public Interest Litigation Petition(PIL), a Division Bench comprising Justices S J Mukhopadhya and Raja Ilango held display on the side of the buses caused accidents and casualties. ..