Others - Corporate Law Reporter

Objectives of National Urban Livelihoods Mission

The Ministry of Housing and Urban Poverty Alleviation has proposed to launch a National Urban Livelihoods Mission (NULM) in 12th Five Year Plan, which will replace the existing Swarna Jayanti Shahari Rozgar Yojana (SJSRY). The NULM would focus on organizing urban poor in self help groups, creating opportunities for skill development leading to market-based employment… Read More

SPMCIL Organizes Workshop on Customer Satisfaction

Security Printing and Minting Corporation of India Ltd. (SPMCIL) as a part of its initiatives toward Customer Orientation organized a one day workshop on Customer Satisfaction on 05.08.2013 at India Security Press (ISP) Nashik. The workshop was organized in backdrop of Customer Satisfaction Survey carried out by SPMCIL through M/s Genesis Management and Market Research… Read More

Pharmaceutical Companies Given 30 Days Extension for Ceiling Price Relabelling

The Department of Pharmaceutical has extended the period of exemption in respect of ceiling price notification dated 14.06.2013 issued by the National Pharmaceutical Pricing Authority for a period of 30 days from 29.07.2013. Similarly, in respect of ceiling price notifications dated 21.06.2013, 28.06.2013 and 05.07.2013 issued by the NPPA, the period of validity of exemption… Read More

Companies Bill passed by Rajya Sabha today i.e. on 8th Aug, 2013

Dear Professional Colleague, To mark the historic moment in the life of India and in the lives of Corporates and the Professionals, especially the Company Secretaries, the Companies Bill has been passed by Rajya Sabha today few minutes back. Many Congratulations to all of you and we hope that this Bill ushers new era of… Read More

Ignorance of Law is an excuse

IGNORANCE OF LAW IS AN EXCUSE SIVADAS CHETTOOR. B.COM FCA LL.M INTRODUCTION :- Law is all pervading. Almost all your actions are regulated by law except a few. We have all sorts of law like personal, family, civil, criminal, revenue, commercial, taxation, public and private international law and so on. Law can be statutory, customary,… Read More

CLR Snippets | Examination of Hike in FDI in Defence Sector

The proposal was to allow FDI to go up to 49%, inclusive of portfolio flows, in defence production. FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow… Read More

Food Security Replacement Bill Introduced in Lok Sabha

Union Consumer Affairs, Food and Public Distribution Minister, Shri K.V.Thomas today introduced National Food Security Bill in Loksabha today to replace the National Food Security Ordinance, 2013 which was promulgated on 5th July, 2013. The National Food Security Bill is a historic initiative for ensuring food and nutritional security to the people. It gives right to the people to receive… Read More

TRAI Initiates Consultation on Restricting the Role of Authorized Distribution Agencies (Aggregators) in TV Channel Distribution

The Telecom Regulatory Authority of India (TRAI) has released a consultation paper on Distribution of TV Channels from Broadcasters to Platform Operators. The broadcasting and cable TV services sector is a content driven market. Unless a distribution platform carries all the channels popular in a relevant market, it cannot be a viable distribution platform. In… Read More

Policy Measures for Improving Manufacturing Sector

The Government is continuously taking measures to improve the performance of the manufacturing sector of the country. Some such measures taken include announcement of National Manufacturing Policy (NMP), 2011, simplification and rationalization of the Foreign Direct Investment (FDI) Policy, implementation of Delhi Mumbai Industrial Corridor (DMIC) project, launching of the e-biz Mission Mode Project under… Read More

High Level Meeting to Revive Manufacturing Sector

A meeting of the High Level Committee on Manufacturing (HLCM) was convened on 9th July, 2013 to discuss the strategy for boosting competitiveness and output in two sectors- textiles and steel- and for formulating a long term approach in three strategic industries-civilian aircraft manufacture, electric and hybrid vehicles and advanced materials and composites. Deliberations took… Read More

Impact of FT Zone Agreements

India has signed 10 Free Trade Agreements and 5 limited Preferential Trade Agreement (PTAs). India is negotiating 18 FTAs, including expansion / review of some of the existing FTAs. Evaluation of the impact of FTAs is a continuous process which starts even before FTA negotiations are entered into. Before entering into negotiations with its trading… Read More

Impact of FDI in Defence Sector on National Security

FDI up to 26% is permissible in the defence sector, subject to licensing. However, wherever FDI beyond 26% is likely to result in access to modern and state-of-the-art technology into the country, decisions can be taken to allow higher FDI on a case-to-case basis with approval of the Cabinet Committee on Security. All such concerns… Read More

Central Government Approves 12 FDI Proposals

Based on the recommendations of the Foreign Investment Promotion Board (FIPB) in its meeting held on July 5, 2013, the Central Government has approved twelve (12) Proposals of Foreign Direct Investment amounting to Rs. 343.39 crore approximately. Details of the proposals considered in the aforesaid Meeting of the Foreign Investment Promotion Board(FIPB) are as follows: Following twelve (12) proposals have been approved: Sl. No. Name of the applicant Particulars of the proposal FDI/NRIinflows (Rs. In crore) 1 M/s Total Prosthetics & Onthotics India Pvt. Ltd. Haryana An Indian company to acquire… Read More