Others - Corporate Law Reporter

International Conference on International Environmental Law, Trade Law, IT Law and Legal Education

Faculty of Law, Banaras Hindu University is organizing an International Conference on International Environmental Law, Trade Law, Information Technology Law and Legal Education Date: February, 2013 Venue: Faculty of Law, Banaras Hindu University, Varanasi The focus of this international conference will be on International Environmental Law, Trade Law, Information Technology Law and Legal Education where eminent personalities… Read More

Balco Judgment

The Indian Judiciary has always been frowned upon by the foreign investors and foreign lawyers alike, for interfering and delaying the arbitral proceedings having its seat outside India (Foreign Arbitrations). Hitherto, the Indian courts, based on the ratios laid down by the Hon™ble Supreme Court in Bhatia International[1] and Venture Global[2]have been passing orders under… Read More

Balco Judgment: A balancing act – Domestic vs Foreign Arbitrations

The Indian Judiciary has always been frowned upon by the foreign investors and foreign lawyers alike, for interfering and delaying the arbitral proceedings having its seat outside India (Foreign Arbitrations). Hitherto, the Indian courts, based on the ratios laid down by the Hon™ble Supreme Court in Bhatia International[1] and Venture Global[2] have been passing orders… Read More

Supreme Court latest ruling on prosecution for second or successive dishonour of cheque

The Supreme Court has overruled its own judgment regarding the law on bounced cheques. It overruled the 1998 decision in Sadanandan Bhadran™s case and now ruled that prosecution based upon second or successive dishonour of the cheque is also permissible. In this case, the payee did not issue notice to the drawer when the cheques… Read More

Official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011

The Union Cabinet today approved the introduction of certain official amendments to the Pension Fund Regulatory and Development Authority Bill, 2011. These official amendments have been necessitated in view of the recommendations of the Standing Committee on Finance which has examined the Bill. Based on the recommendations of the Standing Committee on Finance, the Government… Read More

CLB issues strict norms for notarisation of affidavits

Company Law Board while passing an order in the matter of Shri Rupak Gupta & Others Vs. M/s. Banaras House Pvt. Limited has taken a very serious note of the serious breach of duty by Notaries in the capital while attesting affidavits (like affidavits having blank spaces, non disclosure of the identity of the person… Read More

SFIO recommends setting up of a central regulatory agency for implementing the Prize Chit and Money Circulation Scheme (Banning) Act, 1978

On the basis of specific complaints received in the Ministry, Regional Directors (RDs) and Registrar of Companies (RoCs) have been directed to Scrutinize the Balance Sheets and Inspect the books of accounts and other records under sections 234 and 209A respectively of the Companies Act, 1956 in respect of 87 companies, alleged to be carrying… Read More

Union Minister of Commerce, Industry and Textiles Shri Anand Sharma to meet Chinese Commerce Minister Mr. Chen Deming for the 9th session of India-China Joint Economic Group

The Union Minister of Commerce, Industry and Textiles Shri Anand Sharma, will meet Chinese Commerce Minister Mr. Chen Deming here on Monday for the 9th session of India-China Joint Economic Group (JEG). The Indian side led by Minister Shri Sharma is likely to raise the issue of growing trade deficit. The issues related to market… Read More

DIPP to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India

Department of Industrial Policy and Promotion(DIPP), vide Press Note No. 3(2012 Series) dated 1st August, 2012 reviewed the FDI Policy and decided to permit a citizen of Pakistan or any entity incorporated in Pakistan to make investments in India, under the Government route, in sectors/activities other than defence, space and atomic energy. In March 2012,… Read More

SIDBI permitted for accessing ECB for on-lending to MSME sector subject to certain conditions

The High Level Committee on External Commercial Borrowings (HLCECB) met today and the following decisions were taken: a. SIDBI will be permitted as an eligible borrower for accessing ECB for on-lending to MSME sector subject to certain conditions which will be finalized in consultation with the RBI. b. (i) The eligible Non-Resident entities will be… Read More

Anand Sharma says, steps have been initiated to improve the investments

The Union Minister of Commerce, Industry & Textiles Shri Anand Sharma has said that the government will come out with announcements pertaining to industrial environment that will address the subdued sentiment in the industry. Speaking after the fourth meeting of the Government-Industry Task Force , Shri Sharma said that there is a shared concern over… Read More

E- Passbook for Provident Fund Members – EPFO

Employees™ Provident Fund Organization (EPFO) had recently started the Electronic Challan cum Return (ECR) facility for employers for promoting a prompt and transparent service. Now, EPFO has issued a circular on introducing a facility of E-Passbook to Provident Fund (˜PF™) Members through Member Portal on EPFO website. What is E-Passbook: E-Passbook is the employee… Read More

No exemption to any sector including telecom and banking sectors under the Competition Act, 2002

The Competition Act, 2002 does not provide exemption to any sector including telecom and banking sectors from its ambit. This was stated in the Rajya Sabha by Shri R.P.N. Singh, Minister of State in the Ministry of Corporate Affairs in reply to an USQ question today. Department of Financial Services has approached Ministry of Corporate… Read More