companies act

More trouble for Majola over unauthorised IPL payments


March 26th, 2012 - 6:45 pm ICT by IANS
Johannesburg, March 26 (IANS) South Africa's top police unit Hawks are investigating how Cricket South Africa's (CSA) suspended chief executive Gerald Majola received 1.8 million rands in unauthorised bonuses for ... Read more...

Posted in Sports |

Tripura to probe illegal financial firms


March 7th, 2012 - 6:02 pm ICT by IANS
Agartala, March 7 (IANS) The Tripura government has set up an Economic Offences Wing (EOW) to take action against illegal non-banking financial companies (NBFCs), which take deposits from people illegally ... Read more...

Posted in Uncategorized |

Government keen on passing new companies act


March 1st, 2012 - 6:13 pm ICT by IANS
New Delhi, March 1 (IANS) Corporate Affairs Minister M. Veerappa Moily Thursday said the government was keen on getting the new companies act passed in parliament to help curb unfair ... Read more...

Posted in Business |

CSR spending not mandatory under new companies bill: Moily


February 6th, 2012 - 11:37 pm ICT by IANS
Kolkata, Feb 6 (IANS) Expressing confidence that the new companies bill will be passed in parliament's budget session, Corporate Affair Minister Veerappa Moily Monday said the central government is not ... Read more...

Posted in Politics |

India proposes tough action against corporate fraud


December 19th, 2011 - 9:20 pm ICT by IANS
New Delhi, Dec 19 (IANS) India will soon have a new regulation that would ensure stringent punishment for corporate fraud and make independent directors more accountable, Corporate Affairs Minister M. ... Read more...

Posted in Uncategorized |

India Inc. sees ‘policy paralysis’ changing to ‘reforms push’


November 27th, 2011 - 2:25 pm ICT by IANS
New Delhi, Nov 27 (IANS) Thanks to two major executive decisions last week, India Inc. feels reforms may be back on track - a sudden shift from the ... Read more...

Posted in Business |

India’s cabinet approves revised Companies Bill


November 24th, 2011 - 10:51 pm ICT by IANS
New Delhi, Nov 24 (IANS) The Indian cabinet Thursday approved a revised Companies Bill to replace the 55-year-old old legislation that seeks to tighten norms on insider trading, prevent ... Read more...

Posted in Business |

Political donations common practice: mining firm Sesa Goa


October 14th, 2011 - 6:56 pm ICT by IANS
Panaji, Oct 14 (IANS) Political parties requested Vedanta Resources-owned mining firm Sesa Goa for donations as part of "common practice", the multinational group said Friday as the spectre of the ... Read more...

Posted in Business |

Allow us to ply on inter-state routes: Blueline operators to court


August 19th, 2011 - 8:34 pm ICT by IANS
New Delhi, Aug 19 (IANS) Blueline bus operators Friday approached the Delhi High Court seeking direction to the Delhi government for utilisation of their buses by allowing them to ply ... Read more...

Posted in Business |

PCB sends legal notice to ICC on proposed amendments


May 3rd, 2011 - 7:11 pm ICT by ANI
Lahore, May 3(ANI): The Pakistan Cricket Board (PCB) has served a legal notice on the International Cricket Council (ICC) questioning the proposed amendments to the ICC constitution, as per reports of Daily ... Read more...

Posted in Sports |

Tanishq to be merged with Titan Industries


March 5th, 2011 - 12:36 am ICT by IANS
Kolkata, March 4 (IANS) Titan Industries Limited has decided to merge Tanishq (India), a wholly owned subsidiary, with itself to reduce entity costs and eliminate legal compliance requirements, the company ... Read more...

Posted in Business |

Liberalise oversees acquisition norms: CII


February 20th, 2011 - 5:39 pm ICT by IANS
New Delhi, Feb 20 (IANS) The growth of Indian multinational companies is severely restricted by the regulatory framework for cross-border transactions, the Confederation of Indian Industry (CII) has said in a memorandum ... Read more...

Posted in Business |

Insurance regulator bracing for spat with judiciary


February 14th, 2011 - 3:55 pm ICT by IANS
By V. Jagannathan Chennai, Feb 14 (IANS) Tasting success in the turf war with the Securities and Exchange Board of India (SEBI) last year in connection with regulating unit-linked insurance policies (ULIPs), the ... Read more...

Posted in Business |

Gurumani fired because of interpersonal issues: SKS Microfin


October 12th, 2010 - 8:07 pm ICT by IANS
Mumbai, Oct 12 (IANS) India's largest private small scale lender SKS Microfinance fired its Chief Executive Suresh Gurumani because of "interpersonal issues" with the senior management, the company's founder Vikram Akula said ... Read more...

Posted in Business |

All IPL teams violated Companies Act: Khurshid


August 19th, 2010 - 9:01 pm ICT by IANS
New Delhi, Aug 19 (IANS) All the eight teams of the Indian Premier League (IPL) have not complied with certain provisions of the Companies Act and are liable for penal action, ... Read more...

Posted in Business |

Amnesty for erring companies fetches Rs.33 crore


July 16th, 2010 - 8:58 pm ICT by IANS
New Delhi, July 16 (IANS) An amnesty scheme, which allows companies which have not been filing statutory documents an extension, has earned the government Rs.33.22 crore, according to the corporate affairs ministry. According ... Read more...

Posted in Business |

Pacheco’s aide was convicted for cheque bouncing


June 12th, 2010 - 4:56 pm ICT by IANS
Panaji, June 12 (IANS) Controversial former Goa tourism minister Mickky Pacheco's aide Lyndon Monteiro was appointed a functionary of the Goa tourism department despite being arrested and sentenced in a cheque bouncing ... Read more...

Posted in Uncategorized |

Sibal to table Higher Education Reforms Bill in Parliament today


May 3rd, 2010 - 10:59 am ICT by ANI
New Delhi, May 3 (ANI): Union Human Resource and Development (HRD) Minister Kapil Sibal is expected to table four bills in Parliament today, including one on permitting the entry of foreign universities ... Read more...

Posted in National |

Sibal to table Higher Education Reforms Bill in Parliament


May 2nd, 2010 - 1:40 pm ICT by ANI
New Delhi, May 2 (ANI): Union Human Resource and Development (HRD) Minister Kapil Sibal is expected to table four bills in Parliament on Monday, including one on permitting the entry of foreign ... Read more...

Posted in National |

Will act against IPL franchisees if violations found: Khurshid


April 21st, 2010 - 4:48 pm ICT by IANS
New Delhi, April 21 (IANS) Corporate Affairs Minister Salman Khurshid Wednesday said action would be taken against owners of the Indian Premier League (IPL) franchises if they were found violating the disclosure ... Read more...

Posted in Sports |

Regulators to take call on corporate law violations by IPL: Khurshid


April 19th, 2010 - 5:41 pm ICT by IANS
New Delhi, April 19 (IANS) Corporate Affairs Minister Salman Khurshid Monday ruled out suo-motu action by his ministry to probe alleged violations by the Indian Premier League (IPL) and its franchises and ... Read more...

Posted in Sports |

Azad invites NRI investment in pharmaceuticals, medical education


January 9th, 2010 - 10:01 pm ICT by IANS
New Delhi, Jan 9 (IANS) Indians living aboard should invest in the fast growing pharmaceutical market in the country and in setting up medical colleges, Health Minister Ghulam Nabi Azad said Saturday, ... Read more...

Posted in Health |

Voluntary corporate governance guidelines by year-end


November 30th, 2009 - 9:59 pm ICT by IANS
New Delhi, Nov 30 (IANS) The government would issue guidelines on corporate governance by December-end and they would be voluntary for the first year, Corporate Affairs Minister Salman Khurshid said Monday. The guidelines ... Read more...

Posted in Business |

Companies Bill to provide for compensation for investors: Khurshid


October 28th, 2009 - 10:31 pm ICT by ANI
New Delhi, Oct.27 (ANI): Union Minister for Corporate Affairs Salman Khurshid here on Wednesday said that the Companies Bill, which is presently before the Parliament, will provide for compensation to investors."What we ... Read more...

Posted in National |

233 state-run firms found violating Companies Act: Minister


July 30th, 2009 - 7:02 pm ICT by IANS
New Delhi, July 30 (IANS) The government Thursday said 233 state-run firms had violated the Companies Act by not appointing a whole-time company secretary. "Every company having a paid-up share capital of Rs.5 ... Read more...

Posted in Business |

Over 18,000 cases filed against firms for breaking law


July 27th, 2009 - 5:26 pm ICT by IANS
New Delhi, , July 27 (IANS) A whopping 18,183 cases were filed against firms violating the Companies Act between Jan 1, 2008, and March 31, 2009, the government said Monday. Further, a total ... Read more...

Posted in Business |

Mechanism to check ‘vanishing’ companies exists: Khurshid


July 20th, 2009 - 8:50 pm ICT by IANS
New Delhi, July 20 (IANS) The government has an elaborate mechanism to trace companies that "vanish" after raising money from the public, Corporate Affairs Minister Salman Khurshid said Monday. A central Coordination and ... Read more...

Posted in Business |

Private sector not liable to job quota for minorities


July 13th, 2009 - 6:41 pm ICT by IANS
New Delhi, July 13 (IANS) Corporate Affairs Minister Salman Khurshid Monday said the existing Companies Act did not empower the government to ask the private sector for providing minorities with jobs. "Despite this, ... Read more...

Posted in Business |

New Companies Act will prevent more Satyams: P.C. Gupta


February 25th, 2009 - 9:29 pm ICT by IANS
New Delhi, Feb 25 (IANS) Corporate Affairs Minister P.C. Gupta Wednesday said once the revised Companies Act becomes law, it would provide more teeth to investigating agencies that probe corporate fraud. Replying to ... Read more...

Posted in Uncategorized |

Coal PSUs comply with companies act


February 16th, 2009 - 3:34 pm ICT by ANI
New Delhi, Feb 16 (ANI): The Ministry of Coal today clarified that the Central Coalfields Ltd. (CCL) and the Bharat Coking Coal Ltd. (BCCL), PSUs under the administrative control of the ... Read more...

Posted in National |

Regulatory mechanism of securities market strengthened


February 16th, 2009 - 3:02 pm ICT by ANI
New Delhi, Feb 16 (ANI): A number of reforms undertaken by the UPA Government in the last four years has deepened and widened securities market and strengthened the regulatory mechanisms for ... Read more...

Posted in National |

Dow Jones allowed to publish facsimile editions


January 28th, 2009 - 7:23 pm ICT by IANS
New Delhi, Jan 28 (IANS) A proposal from Dow Jones to publish facsimile editions of its newspapers and magazines like The Wall Street Journal and the Far Eastern Economic Review, are among ... Read more...

Posted in Uncategorized |

Independent auditors let us down in corporate frauds: Kapil Sibal


January 21st, 2009 - 1:35 am ICT by ANI
New Delhi, Jan. 20 (ANI): Union Science and Technology Minister Kapil Sibal on Tuesday expressed government''s disappointment over the Satyam Computers fraud by stating that independent auditors in frauds involving corporate ... Read more...

Posted in National |

Serious Fraud Investigation Office to probe Satyam-Maytas nexus


January 19th, 2009 - 9:49 pm ICT by IANS
New Delhi, Jan 19 (IANS) The government Monday ordered a probe into possible "nexus" between the fraud-hit Satyam Computer Services and its tainted founder B. Ramalinga Raju's two family-run firms Maytas Properties ... Read more...

Posted in Uncategorized |

India okays facsimile editions of foreign newspapers


January 14th, 2009 - 9:08 pm ICT by IANS
New Delhi, Jan 14 (IANS) In a move that will pave the way for facsimile editions of leading global media brands like The Wall Street Journal, the government Wednesay formally notified its ... Read more...

Posted in Business |

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