Others - Corporate Law Reporter

India- Afghanistan sign’s MOU for Cooperation in Official Statistics

As a follow up of the umbrella agreement signed by Government of India with Government of Afghanistan and UNDP on 30th March 2010 to develop the capacity of Afghan Ministries / Agencies in Afghanistan through the project called National Institution Building Project, Dr. M. S. Gill, Minister of Statistics and Programme Implementation signed an MOU… Read More

Indian Government Accounting Standards (IGAS)2 – Accounting and Classification of Grants-In-Aid

NOTIFICATION NO. S.O.1113(E), DATED 19-5-2011 In exercise of the powers conferred by article 150 of the Constitution of India, the President of India, on the advice of the Comptroller and Auditor General of India, hereby makes the following accounting standards, namely, - Indian Government Accounting Standards (IGAS)2,- "Accounting and Classification of Grants- In- Aid." 2.… Read More

IRDA – Public Disclosure by Insurers

To The CEO™s of all Insurance Companies and Reinsurer Sub: Public Disclosures by Insurers Attention is invited to IRDA™s Circular no. IRDA/F&I/CIR/F&A/012/01/2010 dated 28th January 2010 and further clarifications issued thereon vide Circular dated 9th April 2010, wherein the Authority has mandated Public Disclosures by the insurers at periodic intervals. 2. Effective from the year ending March 2011,… Read More

National Consumer Helpline Receives 10,170 Complaints in April

The National Consumer Helpline (NCH) received 10,170 calls during April 2011 for redressal of consumer complaints. In addition of these calls, 639 complaints were also received through online complaint system on NCH website. The maximum calls were received from Delhi followed by Uttar Pradesh,Maharashtra, Rajasthan and Haryana. Break-up of calls in respect of top five States during March 2011… Read More

Modification in the instruction regarding payment of MCA fees in Electronic Mode

The Ministry of Corporate Affairs has instructed that from Monday next, i.e. May 29th, 2011 the payment of less than Rs. 50,000/- through electronic mode will be permissible in the Investor Education and Protection Fund through Pay Misc. Fee functionality. This facility will also be admissible for user having category as Official Liquidator (OL) office,… Read More

Interests of LDC be Accorded Priority & Efforts to be made to Fast Track Negotiations

The Commerce and Industry Minister Shri Anand Sharma, visited Paris from 24-26 May to address the OECD ministerial meeting. During his visit he also participated in an infiormal meeting of trade ministers convened by Australia to take stock of progress of negotiations in WTO. He expressed satisfaction with the meeting , which was convened in… Read More

Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September) for export to EU under CXL Quota

To be published in the Gazette of India Extraordinary Part-I, Section-I Government of India Ministry of Commerce and Industry Department of Commerce Directorate General of Foreign Trade Public Notice No. 49 (RE-2011)/2009-2014 New Delhi, Dated the 25th May, 2011 Sub: Allocation of 10,000 MT of raw/white sugar for the fiscal year 2010-11 (October- September)… Read More

Govt. to connect five lakh villages with broadband in two years

The Government is expected to connect five lakh villages with the internet broadband services under the National Optical Fibre Network (NOFN) in next two years. "We have setup a high powered committee, Sam Pitroda is heading the committee, co-chaired by Nandan Nilekani. I am told by Sam Pitroda that he will try and implement the… Read More

National Consultation on Electoral Reforms on 2nd &3rd July 2011

7th Regional Consultation in Guwahati on 12 June 2011 The National Consultation on Electoral Reforms is scheduled to be held on 2 & 3 July, 2011 and shall be attended amongst others by the Prime Minister of India. The Ministry of Law and Justice, Government of India, had constituted a core committee to look into… Read More

International Summit on Advantage Haryana ˜The Land of Opportunities™

ASSOCHAM in partnership with Government of Haryana is organizing a Summit Advantage Haryana ˜The Land of Opportunities™. Hon™ble Chief Minister Shri Bhupinder Singh Hooda will inaugurate the summit . Shri Randeep Singh Surjewala, Hon™ble Commerce & Industry Minister has also consented to grace the occasion as a special guest of honor. The summit will be… Read More

Conference on “Biosimilars”- ASSOCHAM

Biosimilars which are the generic versions of high-priced biotechnology drugs can become a potent weapon for a country like India by increasing affordability and healthcare access to the poor and needy. The expiry of patent protection for many original biotechnological medicines has led to the development of what are called biosimilars or follow-on biologics. To… Read More

Telecom Operators advised not to reject MNP request if O/s less than Rs. 10

Concerned over subscribers facing problems in exercising Mobile Number Portability service, Trai has asked operators not to reject a request if the amount outstandings are less than Rs 10. Telecom regulator Trai's directive came in the wake of telecom operators rejecting the request of subscribers for porting on the ground of "contractual obligation" and "outstanding… Read More

NSE abusing its dominant position: CCI

Competition watchdog CCI today pronounced the National Stock Exchange (NSE) guilty of abusing its dominant market position by adopting unfair trade practices in connection with currency derivatives trading. However, the quantum of fine to be levied on NSE is yet to be ascertained. "The Commission has pronounced NSE guilty of violating section 4 of the… Read More