Others - Corporate Law Reporter

Solar PV farms exempted from MoEF clearance

India's ministry of environment and forests (MoEF) has exempted the solar PV farms coming up in the country from having to seek environment clearance. India is in the midst of a massive program to increase its grid-connected solar power generation capacity from around 20 million watts at the end of the 2010 to 20,000 million… Read More

Rate of Toll Tax revised in Delhi for Commercial Vehicles

The Municipal Corporation of Delhi, which had revised the toll tax for commercial vehicles entering the city recently, today said the new rates will be applicable from tomorrow. The fee chargeable in respect of taxi, tempo, Tata 407 and such type of commercial vehicles will be Rs 45 per visit while it will be Rs… Read More

Global M&A Strategy Conclave-2011 at Leela Kempinski, Mumbai

Global M&A Strategy Conclave-2011 May 26-27, 2011 at Leela kempinski, Mumbai Corporate India™s appetite for inorganic growth has resulted in making the year 2011, one of the best years of M&A activity, through M&A deals valuing $68.3 billion a three fold increase over 2009. A merger or acquisition encounters many risks and challenges and its success… Read More

SKS moves SC against AP Govt’s Microfinance Act

SKS Microfinance recently challenged in the Supreme Court the special Act passed by the Andhra Pradesh government to regulate microfinance institutions in the state, following allegations that their high interest rates and strong-arm recovery methods led to suicides by farmers. A bench of justices Markandey Katju and Gyan Sudha Mishra issued a notice to the… Read More

CCI issues show cause notice to NSE for alleged violation of Competition Act

The MCX-SX in its representation to the CCI in November 2009 had alleged that NSE had substantially reduced admission and trade related fees to eliminate competition and discourage other entities from entering the market. MCX-SX is promoted by commodity exchange MCX and Financial Technologies . Based on this complaint, the CCI had ordered a probe into the… Read More

Training at Registrar of Companies/ Official Liquidator/Regional Directors

Ministry of Corporate Affairs has agreed to provide part of training( 6 Months ) of 15 Months training in its various offices RD/ROC/OL at the stipend of Rs. 10000/ and Rs. 7000/- per month for Professional Pass and Executive Pass students respectively. The following offices have requirement of Management Trainees: Ã˜ OL & ROC, Jammu &… Read More

Cheating case against Former FIFA referee

Former Fifa referee Benjamin Silva has come under the scanner with a Goa Football Federation official accusing him of "cheating, impersonating and misrepresenting" facts to prolong his international career. "Former Fifa referee and present Deputy Chairman of the referees Committee of Goa Football Association, Benjamin Incacio Conceicao Silva has submitted to the GFA and AIFF… Read More

Fake ration cards: Govt to take action against officials

Worried over the circulation of a large number of fake ration cards, Orissa government has asked collectors of eight districts to initiate criminal proceedings against the responsible officials. The department of food supplies and consumer welfare asked the collectors of Bolangir, Kalahandi, Koraput, Nuapada, Malkangiri, Nabarangpur, Rayagada and Sonepur to act against officials involved in… Read More

Google close to settling US investigation for accepting ads from online pharmacies

Google Inc is close to settling a US criminal investigation into allegations it made money by accepting ads from online pharmacies that break US laws, says a media report. Attributing to a source, The Wall Street Journal reported, "Google is close to settling a US criminal investigation into allegations it made hundreds of millions of… Read More

India ratifies UN Conventions against Transnational Organised Crime and Corruption

India has ratified the United Nations Convention against Transnational Organised Crime and its three protocols and the United Nations Convention against Corruption. The United Nations Convention against Transnational Organised Crime is the main international instrument in the fight against transnational organized crime. It recognizes the need to foster and enhance close international cooperation in order… Read More

Rules for Government Servants to disclose immovable properties

Central Civil Services (Conduct) Amendment Rules, 2011 have been amended to the effect that where a Government Servant enters into a transaction for immovable property either in his ow name or in the name of his family, he shall, within 1 month from the date of such transaction, report the same to the prescribed authority,… Read More

Conference on Global M&A strategy in Leela Kempinski

CLR Note: The Global M&A strategy conference to be organised by ICSI which would be focusing on the current issues affecting the variant industries in India dealing with Mergers and Acquisition, designing a successful cross border strategy, mitigate risk for M&A deal, examining local and global markets, and help achieve a smooth deal completion and… Read More

Production, sale & use of Endosulfan pesticide banned for next 8 weeks – SC

The Supreme Court today banned the production, sale and use of controversial pesticide Endosulfan in the country for the next eight weeks, holding that human life is more important than anything else. "Keeping in mind various judgements of this court under Article 21 (right to life and liberty) of the Constitution and particularly keeping in… Read More