corporate law

The Reserve Bank of India (RBI) has decided to relax the existing norms on the closure of fraud cases by banks saying that banks would be allowed, for limited statistical or reporting purposes, to close those fraud cases involving amounts up to Rs 25 lakh, where..

In a bid to attract foreign direct investment (FDI) into food processing sector, the government is working out a strategy for giving tax holidays to foreign investors for the next five years. According to Subodh Kant Sahai, Union minister for food proces..

Finance minister Pranab Mukherjee will chalk out an immediate roadmap for public sector banks (PSBs) on what he expects from them in terms of    interest rates, credi..

Even though rising car sales, increased cement demand and buoyant stock market may be seen as the first signs of green shoots in the    country, lending by banks seems..

 Financial institutions on Friday asked for more measures to increase investment in infrastructure and agriculture to spur growth in the economy, in addition to tax breaks. Finance minister Pranab Mukherjee held an extensive pre-budget meeting with financial sector regulators like Pension Fund Regulatory and Development Authority (PFRDA), Insurance Regulatory and Development Author..

The Corporate Affairs Ministry may seek quarterly financial statements of companies from market regulator Sebi as part of the exercise to evolve an early warning system to prevent a Satyam-like incident in future. The quarterly reports filed by listed co..

The jinx preventing foreign airlines from investing in Indian carriers seems to be a tough one to break. The civil aviation ministry appears to    be in no hurry to p..

The full board meeting of Satyam Computer is likely to be held on June 11 after its new owner Tech Mahindra assumed charge and the board may draw a consensus on the sensitive issue of laying off as many as 5,000 employees in phases. Sources said the meeting is scheduled to be held on next Thursday or Friday and for the first time..

The two-month-long standoff between producers and multiplexes on revenue-sharing was resolved with both parties reaching a consensus on the issue. Producers and distributors under the banner of United Producers and Distributors Forum (UPDF) had stalled new releases since April four over the issue. Convenor of the UPDF and..

 In an order which suggests that Ketan Parekh might still be playing an active role in the stock market, the Securities and Exchange Board of India on Thursday debarred 26 entities from transaction in securities until further orders. . SEBI has also referred the matter to both the Income-Tax department..

 Shri Salman Khurshid assumed his charge as the Minister of State (Independent Charge) for Corporate Affairs, here at Shastri Bhavan today. He was welcomed by the Secretary, Shri Anurag Goel and other senior officers of the Ministry.  Immediately, after a..

For better information dissemination and service to the customers, the Reserve Bank of India (RBI) has reiterated that banks must reframe their cheque collection policies (CCPs) covering local and outstation cheque collection as per the timeframe prescribed by t..

Assuming charge as the commerce and industry minister today, Anand Sharma ruled out any “comprehensive” review of the new Foreign Direct Investment (FDI) norms but assured more help to the exporters who are adversely impacted by the global economic slowdown. The Department of Economic Affairs an..

The finance ministry is evaluating options of conducting a special audit of scam-tainted IT firm Satyam Computer's accounts to ascertain the company's tax liability. A decision on this will be taken after the tax authorities go through the report of the Serious ..

M Veerappa Moily, former Karnataka Chief Minister and a prominent backward community leader of Congress was on Thursday alloted the Ministry of Law and Justice.   Moily, 69, who has considerable administrative experience acquired during his stint as the Chief Minister of Karnataka, was appointed a cabinet minister on May..