corporate law

The Centre has empowered port authorities to award contracts without prior approval of the shipping ministry to selected bidders under the public-private partnership (PPP) mode to expedite projects worth Rs 23,000 crore. The ministry has written to all port trusts authorising them to sign concession agreeme..

Corporate Affairs Minister Salman Khurshid today agreed that the ICAI Act needs some amendments to become a more powerful body post the Satyam scam. "I can see that some amendments (in ICAI Act) are called for but we would like to see what their (ICAI) perspective is," Khurshid told reporters here..

 In an effort to shore up revenue streams for Air India, the finance ministry on Monday ordered all central government employees to fly only on the state-owned flag carrier for their official travel—both domestic and international. This is one of the steps the government is taking to lend confidence to a clutch of lend..

In an article which appeared on 29 June 2009 in these columns, it was suggested to enlarge the scope of Advance Ruling to provide a more effective mechanism for resolution of tax disputes between the tax department and foreign companies operating in India. It is heartening to note that the finance minister ..

The Information Technology (Amendment) Act, 2008 inter-alia include provisions for addressing protection of critical information infrastructure; privacy of information held in computer system and networks, breach of confidentiality and privacy, audit of electronic records, enabling public-private partnership in the area of e-Governance, conclusion of contract through electronic means, dishonest..

In all, 37 cases were referred to the Serious Fraud Investigation Office (SFIO) during the last three years i.e. during the years 2006-07, 2007-08 and 2008-09. Out of these 37 cases, investigations in respect of 9 cases have been completed. The number of people in respect of three cases against whom action has been initiated are as follows :  Numbe..

 India’s second-largest lender, ICICI Bank, has shot off a legal notice to a senior official of HDFC Bank, for airing views on ICICI in a    ..

The Madras High Court has said international companies operating in India cannot claim any extra legal rights over Indian people and cannot prevent the public from holding demonstrations in front of their office. Passing orders on petitions filed by Dow Chemicals seeking an interim injunction, restraining various organisations fighting for the cause of Bhopal Gas tragedy vi..

CBI special court allowed the prosecution to make an accused, approver in connection with much hyped fodder scam. Special CBI judge Virendra Mohan Srivastav ordered the prosecution to turn an accused Sailesh Prasad Singh approver after hearing the arguments of public prosecutor.  In a different case before the same judge, hearing was completed on a..

Hyderabad court allowed the CBI probing the multi-crore fraud in the Satyam Computer Services (Satyam) to conduct forensic, lie-detector and brain mapping tests on Satyam founder B Ramalinga Raju and two other accused in the case. The designated CBI court, while allowing conduct of the tests as sought by the CBI, asked the premier investigating agency to complete the tests ..

Additional solicitor general Mohan Parasaran is set to represent the government in the Supreme Court in the Reliance Industries (RIL)    versus Reliance Natural Resou..

The battle for gas between the two Ambani brothers has clearly shifted base from Mumbai to the national capital. It’s not just the    p..

 The Delhi High Court today allowed Bollywood actor and producer Anil Kapoor to release his film Shortcut.  Producer BS Bhullar had moved the court claiming copyright over the title of the film Shortcut.  The movie, starring film stars Akshay Khanna, Arshad Warsi and Amrita Rao, was scheduled to be released tomorrow. ..

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