Others - Corporate Law Reporter

Legal security of business transactions and financial instruments-New Challenges

Following is the text of the Speech of Dr. M.Veerappa Moily, Union Minster for Law and Justice, while addressing the Round Table on Legal security of business transactions, investments and financial instruments-New Challenges of the Global Crisis in St.Petersburg today :- ˜Globalization™ refers to the process of integration and convergence of economic financial, cultural and… Read More

2G case: Lawyer seeks to implead Anil Ambani, Ratan Tata, Niira Radia

A lawyer today approached a Delhi court seeking a direction to CBI to implead various other persons, including Reliance ADAG chairman Anil Ambani, Tata group chief Ratan Tata and corporate lobbyist Niira Radia, as accused in the 2G scam case. "As far as 2G scam is concerned, the key role is played by Niira Radia,… Read More

Apple smartphone and Google’s Android to face tighter regulation in Europe

Smartphones of Apple and Google are likely to face tighter regulation in Europe after a data protection panel ruled that location information collected by the devices should be classified as personal data, says a media report. "Apple smartphones and those running on Google's Android system look set to come under tighter regulation in Europe, after… Read More

Expect policy changes soon in FDI in Multi-brand retail

The government is expected to take a decision in the next three months on allowing foreign direct investment in multi-brand retail, a long pending issue. A new National Manufacturing Policy creating an investor friendly environment is also likely, Minister of State for Commerce and Industry Jyotiraditya Scindia said today. "We are committed to the issue… Read More

FICCI Secretary General Amit Mitra resigns

Amit Mitra, who is tipped to become the next Finance Minister of West Bengal in the Trinamool Congress-led government, has resigned as Ficci Secretary General. Mitra, 63, emerged as a 'giant killer' by defeating CPI(M) veteran and state Finance Minister Asim Dasgupta by a big margin from the Khardah Assembly constituency. His resignation has been… Read More

Improving Justice Delivery through e-Courts – Dream Project underway

Meeting of Consultative Committee on Law & Justice - Discussions on E-Courts, Justice Delivery System, Law Commission Report The Parliamentary Consultative Committee meeting of Ministry of Law and Justice was held under the chairmanship of Shri M Veerappa Moily, Minister for Law and Justice on 16 May 2011 in New Delhi. The meeting was attended by Members of… Read More

SEZ Exports in 2010-11 grow by 43%

Total Employment Generated from SEZ 6,76,608 People The Minister of State for Commerce Shri Jyotiraditya M. Scindia presented the EPCES Export Awards to EOUs and SEZ Units for Outstanding Export Performance for 2008-09, here today. Speaking on the occasion Shri Scindia said, The exports from SEZs during 2010-11 is to the tune of Rs.3, 15,867… Read More

Workshop on Limited Liability Partnerships- A New Business Model

The growing Indian economy has acknowledged, appreciated the role played by the entrepreneurs as well as by the technical and professional manpower. It is felt oppurtune that entrepreneirship, knowledge and risk capital combine to provide a further impetus to India's economic growth.In this background a need has been felt for a new corporate form that would provide an alternative… Read More

National seminar on XBRL by ICSI – An emerging professional oppurtunity

ICSI is organising a national seminar on XBRL -An Emerging Professional Oppurtunity wherein the topic of discussion will be on the overview of XBRL; applications, adoption & Indian regulatory requirements; taxonomy and instance reporting; tools & report creation. This seminar will be evidencing the honourable presence of Mr. D.K. Mittal, the Secretary to Government of India, MCA… Read More

Guidelines on Mergers and Acquisitions to benefit Consumers – CCI

Competition Commission of India (CCI) has commented that its recent guidelines on corporate mergers and acquisitions will not create any hindrance in such deals, but is aimed at avoiding the formation of monopolies, for the benefit of consumers. "CCI's regulations are not there to create obstruction, but we will take a practical approach. We are… Read More

Facebook case to enter US Supreme Court

The Winklevoss twins are taking their legal case against Facebook founder and their former Harvard classmate Mark Zuckerberg to the US Supreme Court after a federal appeals court today declined to review an earlier legal challenge from them. The Supreme Court is the final legal option open to Cameron and Tyler Winklevoss, who allege that… Read More

TRAI to get more powers akin to SEBI

Telecom regulator TRAI may soon get powers to summon persons and penalise operators for violating licence conditions, if the amended Act, which has proposed to give more teeth to the regulator, comes into effect. The Telecom Ministry is looking to give more powers to Trai, which will bring it on par with the Civil Courts… Read More

CFOs optimistic about India Inc.

Finance executives in India are extremely optimistic about the prospects for economic expansion in India in the coming year than their global counterpart, says a survey. As per the fourth annual American Express/CFO Research Global Business and Spending Monitor, 87 per cent of CFOs in India are expecting economic expansion in the country in the… Read More