Others - Corporate Law Reporter

Joint Committee submits report on implementation of Forest Rights Act, 2006

The Ministry of Environment & Forests and the Ministry of Tribal Affairs had constituted a Joint Committee in April 2010 to study in detail the implementation of the Forest Rights Act, 2006 (FRA) including factors that were aiding/ impeding its implementation and recommend necessary policy changes in the future management of the forestry sector in… Read More

Revival of Sick/ Loss Making Central Public Sector Enterprises

As per information available in the Public Enterprises Survey 2011-12, that was laid in the Parliament on 26.2.2013, and based on the definition of sickness given in the Govt. of India Resolution dated 6th December, 2004, constituting Board for Reconstruction of Public Sector Enterprise™s (BRPSE), there were 64 sick Central Public Sector Enterprises (CPSEs) as… Read More

Divestment of RCF – Issue Subscribed over 1.3 Times

Rashtriya Chemicals & Fertilizers Ltd (RCF) issue has been subscribed over 1.3 times. The Government will receive approximately Rs. 310 crores from the sale proceeds. The Issue was subscribed by all categories of Investors including retail investors. The divestment was carried out to make the Company compliant to the mandatory public shareholding requirements under the… Read More

Salient Features of National Telecom Policy-2012

Licensing, Convergence and Value Added Services Strive to create One Nation - One License across services and service areas. Achieve One Nation - Full Mobile Number Portability and work towards One Nation - Free Roaming. To orient, review and harmonise the legal, regulatory and licensing framework in a time bound manner to enable seamless delivery… Read More

GoI Notifies Guidelines for PCO Holders

The Government has notified the Information Technology (Guidelines for cyber CafÃ© Rules 2011). The Rules provide the detailed guidelines for cyber cafÃ© holders interalia for registration of cyber cafÃ© and preserving the records in respect of the users or any person who uses the services at such cyber cafÃ©. After taking a considered view in… Read More

National High Level Airspace Policy Body to monitor Flexible Use of Airspace

On initiative of Civil Aviation Minister, Shri Ajit Singh, the Cabinet Committee on Security (CCS) today cleared Flexible Use of Airspace (FUA) by civil and military users, which was unresolved for last so many years. There was a need to fulfill the demand of national security, where the need of airspace by the military was… Read More

Regulation Notices to Power distribution Companies

NTPC has served Regulation Notices to few power distribution companies for regulation of power supply due to non-payment of dues/ non availability of required Letter of Credit (LC) as per provisions in Power Purchase Agreement. The power supply was not suspended to there Companies. At times, a few power distribution companies like Meghalaya Energy Corporation… Read More

Registrar of Companies- Cum- Official Liquidator Office to be Established at Bilaspur

A decision has been taken to establish an office of Registrar of Companies- cum- Official Liquidator, Chhattisgarh, at Bilaspur. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that his Ministry has already taken steps to establish this office at Bilaspur, for… Read More

National Internet Registry launched under NIXI for Coordinate Internet Resource Management

Shri Kapil Sibal, Union Minister for Communications and Information Technology launched the portal of National Internet Registry (NIR) here today. Speaking on the occasion Shri Sibal pointed out that unless this platform is inclusive, we will not be able to empower the people. He underlined that the internet is an exceptionally powerful tool and nothing… Read More

Civil Aviation Authority with more Powers to Replace DGCA

The Minister of State for Civil Aviation, Shri K. C. Venugopal today informed Rajya Sabha that Government has decided to replace the present Director General of Civil Aviation (DGCA) with more powerful Civil Aviation Authority (CAA). The proposed Civil Aviation Authority (CAA) will have adequate financial and administrative flexibility to meet functional requirements for an… Read More

Ministry statement on Price of Cancer Drugs under New Pharmaceutical Pricing Policy, 2012

As per IMS Health data available with National Pharmaceutical Pricing Authority (NPPA), the details of Nexavar which is an anti-cancer drug are not reported. In respect of drugs not covered under the Drugs (Prices Control) Order, 1995 (DPCO, 1995) i.e. non-scheduled drugs, manufacturers fix the launch prices by themselves without seeking the approval of Government/NPPA.… Read More

Salient features of the amended provisions of the Drugs & Cosmetics Act, 1940

Prices of Life Saving Drugs The Department of Pharmaceuticals has notified the National Pharmaceutical Pricing Policy- 2012 under which the prices of National List of Essential Medicines-2011 are to be controlled & regulated. The objective is to put in place a regulatory framework for pricing of drugs so as to ensure availability of required medicines… Read More

GoI Clarifications on Retail Price and Manufacturing Cost of Medicines

Retail Price and Manufacturing Cost of Medicines Under the provisions of the Drugs (Prices & Control) Order, 1995 (DPCO, 1995) the prices of 74 bulk drugs listed in its First Schedule and the formulations containing any of these scheduled drugs are controlled. National Pharmaceutical Pricing Authority (NPPA) fixes or revises prices of scheduled drugs /… Read More