Others - Corporate Law Reporter

Govt to stop misleading ads, protect consumer interest

The government is considering putting in place a mechanism to stop misleading advertisements in order to protect consumers from being cheated, Food and Consumer Affairs Minister K V Thomas today said. Thomas said the ministry would set up an expert committee for suggesting ways and means to curb misleading ads. "Everyday I get a number… Read More

National Legal E-Library to be launched on 15th Aug, 2011

The ˜National Legal E-Library™ project of the Government is to be dedicated o the nation on 15 August 2011. Dr. M Veerappa Moily, the Minister of Law & Justice had proposed the need for the formulation of a ˜National Legal e-library™ for students and practitioners of Law on 6 December 2009, during his meeting with… Read More

Integrated Grievance Management System (IGMS) for Insurance Grievances

Secretary, Financial Services Launches Integrated Grievance Management System (IGMS); asks Insurance Companies to Focus on Increasing Insurance Literacy; Emphasizes on Putting Proper Regulatory Mechanism in Place to Protect the Interest of Policy Holders Shri S.K. Sharma, Secretary, Department of Financial Services, Ministry of Finance launched the online grievance portal i.e. Integrated Grievance Management System (IGMS)… Read More

Strict Action against Misleading Advertisements

The Ministry of Consumer Affairs, Food & Public Distribution will soon convene a meeting to discuss the issue of misleading advertisements with various service sector ministries and related agencies. Expressing concern over such advertisements for various consumer products and services, the Minister for Consumer Affairs, Food & Public Distribution, Prof. K V Thomas has said… Read More

Action Taken by Govt. on Demands Raised by Baba Ramdev on Recovery of Black Money

There is a legal framework regulated by the Reserve Bank of India for the opening of bank accounts overseas by Indian residents and for outward or inward remission of funds through authorized channels. The existing legal framework for dealing with illicitly generated funds transferred overseas and measures for the attachment and repatriation of such illegal… Read More

Message by ICSI President – June, 2011

Dear Professional Colleagues, "Only knowledge can help us to know the universe, which is vast like an Ocean. It enlightens everyone's mind."-- Rig Veda We are witnessing a series of changes in procedural and regulatory regime governing the business environment. Friends, when there is change, what becomes more important is not only to understand and… Read More

MSME-DI Conference on Policy Changes for Effective Implementation of MSME Schemes

A two day MSME-DI Officers Conference on Policy Changes on Effective Implementation of MSME Schemes : Analysis and Road Map was conducted by the Office of Development Commissioner under Ministry of Micro, Small and Medium Enterprises (MSME). In his valedictory address the Minister of MSME, Shri Virbhadra Singh complemented the initiative taken and emphasized on… Read More

CAG™s Online National Level Essay Competition Begins Today

As part of the 150 years™ celebrations of the Institution of the CA&G of India, a national level on-line essay competition for the graduate and post graduate students in all the disciplines has been organized from today. The subject is Role of CAG in Meeting Challenges of Good Governance. The competition is open only for… Read More

National Green Tribunal functional

National Green Tribunal, Van Vigyan Bhawan, Policy & Law Division, Ministry of Environment and Forests, New Delhi, dated 2nd June 2011. Hon™ble Supreme Court of India in its matter of UOI vs Vimal Bhai & others in SLP (Civil) No. 12065/2009, vide its order dated May 12, 2011, has directed the National Green Tribunal (NGT)… Read More

Competition Commission : The journey so far : From the Horse’s mouth

CCI Mandated to Make Markets Function for the Consumer and to Ensure Fair and Healthy Competition in the Indian Economy- Dhanendra Kumar Successful implementation of any Competition regime has two distinct limbs enforcement of competition laws; and advocacy of benefits of competition among various stakeholders. In the process of transition from planned economy to a… Read More

Committe constituted to check Food Wastage

Ministry of Consumer Affairs, Food & Public Distribution has constituted a fifteen member committee to deliberate upon and suggest possible ways and means to check food wastage. Concern has been voiced time to time on the wastage of food items and ostentatious behavior witnessed especially during occasions like marriages/parties/meetings. It has been estimated that about… Read More

Revised Schedule VI not applicable for November, 2011 CA Exams

This is to bring to the attention of students that a decision has been taken to defer the applicability of the Revised Schedule VI for CA examination, consequent to which the same will not be applicable for the PCC, IPCC and Final examinations to be held in November, 2011. Accordingly, in the list of publications/amendments… Read More

Commerce Ministry to push for relaxation of Visa norms for foreigners in SEZ

The Commerce Ministry will push for a relaxation in employment visa norms for foreigners in Special Economic Zone units that bring in large foreign direct investment. The ministry is receiving feedback from the industry, after which it will formally send a proposal in this regard to the Home Ministry, an official said. At present, employment… Read More