Others - Corporate Law Reporter

FM- Fitch ratings based on earlier data, recent development not considered

Following is the text of the statement made by the Union Finance Minister, Shri Pranab Mukherjee after Fitch Ratings issued a press release on India™s sovereign credit rating: Today, Fitch Ratings have issued a press release on India™s sovereign credit rating. Fitch has reaffirmed India™s long-term Foreign and Local Currency Issuer Default Rating (IDR) at… Read More

India- Brazil to strengthen cooperation in making drugs & medicines

Shri Anand Sharma, the Union Minister for Commerce, Industry and Textiles, led a delegation of officials, CEOs, FICCI (Federation of Indian Chambers of Commerce and Industry) leaders and pharmaceutical companies, in Sao Paulo from 13-14 June 2012. Shri Sharma participated in the pharmaceutical Round Table which covered a wide gamut of issues. Minister Sharma invited… Read More

E-Arbitration in India- Is it still far Behind?

The significant increase in the role of international trade in the economic development of nations over the last few decades has been accompanied by a considerable increase in the number of commercial disputes as well. In India too, rapid globalization of the economy and the resulting increase in competition has led to an increase in… Read More

ICAI- Commencement of Certificate Course on Forex and Treasury

Certificate Course on Forex and Treasury Management at Mumbai Centre starts on 07th July, 2012 and the venue is Hotel Mirador, New Link Road, Chakala, Andheri (East), Mumbai. Class Schedule & Timings Date Day 07th July,2012 Saturday (10 am. - 5 pm.) 08st July,2012 Sunday (10 am - 5 pm.) 21st July,2012 Saturday (10 am - 5… Read More

CCI penalizes CDAG in violation of the provisions of the Competition Act, 2002

The Competition Commission of India (CCI) has found Chemist & Druggist Association, Goa (CDAG) in violation of the provisions of the Competition Act, 2002 which deals with anticompetitive agreements. The Commission has imposed penalty of Rs. 2 Lakhs @10% on the average of the receipts for financial year 2008-09, & 2009-10 on CDAG. CCI has… Read More

India invites Brazilian investment in infrastructure sector

Shri Anand Sharma, Minister of Commerce, Industry and Textiles had a Ministerial Dialogue with his counterpart Mr. Fernando Pimentel, Brazilian Minister of Development, Industry and Foreign Trade in Brasilia on 11th June 2012. The Minister™s visit to Brazil was in pursuance to the invitations extended to him by his counterpart Mr. Pimentel, Minister of Development,… Read More

MCAICSI webcast on Limited Liability Partnership

The Ministry of Corporate affairs has started the process of decentralization of the functions of the Registrar LLP by authorizing respective ROCs to discharge the functions of Registrar of LLP also and issued the Limited Liability Partnership(Amendment) Rules, 2012 vide its notification dated 05-06-2012. As desired by MCA, The ICSI is organizing MCA ICSI Webcast… Read More

Fin Min confident about the turnaround in the growth prospects in coming months

The Union Finance Minister Shri Pranab Mukherjee said that the Government is fully seized of the current situation and he is confident that there will be a turnaround in our growth prospects in the coming months. The Finance Minister Shri Mukherjee was reacting to the S&P recent report suggesting that India could be the first… Read More

Competition Commission of India to foster competition and protect the markets from anti competitive practices

Corporate Affairs Minister Dr. M.Veerappa Moily had said the Competition Commission of India compliments Sectoral Regulators and there is no question of encroachment on the jurisdiction of Sectoral Regulators. Dr. Moily stated this today while interacting with the Press on the occasion of releasing a compendium titled Innovative March to New Horizon of Corporate Growth… Read More

ICAI- Residential Programme on Professional Skills Development

Board of Studies is pleased to announce the 14th Batch of ICAI Four Weeks Residential Programme on Professional Skills Development from 13th August, 2012 to 10th September, 2012 at Centre of Excellence (COE), Hyderabad. This programme offers an unique opportunity and would focus on development of communication skills, leadership skills, personal traits for effective functioning… Read More

SC to examine whether man made laws can regulate waqf properties

The Supreme Court has decided to examine an important issue raised by both Shia and Sunni sects of Islam whether Waqf properties can be regulated by man-made laws or the laws made by the State. A bench comprising Justices Altamas Kabir and J Chelameswar on Friday last week issued notices to Maharashtra government. The petitioners… Read More

Lawyers across the Country to oppose the Higher Education and Research Bill 2011

Bar Council of India has strongly condemned the government's stand on the Higher Education and Research Bill 2011 (HER Bill 2011) and has decided to oppose the same till the HRD Ministry does not exclude 'the legal education' and the 'Advocates Act, 1961' from the purview of all these anti people Bills. In a joint… Read More

Petrol prices up by Rs 7.50/ litre, Diesel untouched

In one swift move, state-owned oil firms IOC , BPCL and HPCL hiked petrol price by Rs 6.28 per litre, effective midnight. Including sales tax, the hike adds up to Rs 7.50/litre. The increase was on the cards with the rupee continuing its free fall against the US dollar, but the quantum of the hike took the country by surprise. However,… Read More