corporate law

  Mutual Funds have welcomed budget 2009-10 saying the proposals were on expected lines. No mutual fund is in any mood to realign    investment strategy base..

The Central Government on Thursday said that it is considering a model legislation on regulating real estate in Delhi. In reply to a written question in the Rajya Sabha, Minister of State for Urban Development Saugata Roy said that 'the Delhi Real Estate Management (Regulation and Control) Bill' can also serve as a reference for other states. The minister, however, ruled out the constituti..

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..

The provisions of the Companies Act, 1956 do not define the term ‘Independent Director’. The Act only defines the term ‘Director’, Managing Director/Whole Time Director’. However, as per Clause 49 of the Listing Agreement, SEBI has provided for induction of Independent Directors on the Board of the listed companies. As per provisions of the Com..

The Supreme Court decided to examine on July 20 the controversy regarding the fixation of rate for supply of natural gas by Reliance Industries Limited (RIL), belonging to Mukesh Ambani group and Reliance Natural Resources Limited (RNRL), owned by his brother Anil. A bench comprising Chief Justice K G Balakrishnan and Justice P Sathashivam issued notices on the cross appeal..

The budget has laid major emphasis on infrastructure development. The government proposes to ensure that IIFCL is given greater flexibility to aggressively fulfil its mandate. To ensure that infrastructure projects do not face financing difficulties aris..

The CBI Designated Court reserved orders for July 9 on CBI’s petition for conducting lie-detector test on Satyam Computer Services Founder B Ramalinga Raju, his brother and Former Managing Director Rama Raju and Former Chief Financial Officer Vadlamani Srinivas. After hearing the arguments of the prosecution and defence lawyers, XIV Additional Chief Metropolitan Magis..

The new Companies Bill 2009, with stricter disclosure norms and provision for one-person corporate entity, will be tabled in the ongoing budget session of parliament, corporate affairs minister Salman Khursheed said on Saturday. "We will table the n..

Anil Ambani group company RNRL on Friday moved the Supreme Court for modification in the Bombay High Court order to ensure gas supply from Mukesh Ambani-led RIL without ..

Mukesh Ambani-run Reliance Industries filed a caveat in the Supreme Court to ensure it is given a chance to explain itself in a case relating to natural gas supply to Anil Ambani group firm RNRL. RNRL earlier moved the apex court seeking modification of the Bombay High Court ruling that suggested firming up gas supply contract th..

Citigroup Inc and film financing company Relativity Media said they agreed to dismiss pending breach of contract lawsuits filed against each other in November 2008 related to a $550 million film funding deal involving Sony Corp’s Sony Pictures. Relativity’s lawsuit centered on Citigroup’s attempts to raise the interest rate on a revolving credit facility f..

 The government today approved the re-introduction of the new Companies Bill which will replace the old law enacted in 1956. The Cabinet cleared re-introduction of the Bill, which lapsed following the dissolution of earlier Lok Sabha without any changes. "The government decided to introduce the Co..

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 The dispute between the Ambani brothers is headed to the Supreme Court, with Mukesh Ambani’s Reliance Industries (RIL) planning to  div class="Normal" style="font-size: 12px; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; marg..

The Bombay High Court sanctioned the merger of Reliance Industries Limited and Reliance Petroleum Limited, but stayed its own order to enable those who are against the merger to file an appeal. Justice A M Khanwilkar, while sanctioning the merger, stayed the operation of its own order for four weeks, to enable the petitioners file an appeal before a division bench. The merger scheme in the ..