Corporate Law News

Functioning of Independent Directors

29 August 2011 at 17:17

The concept of Independent Director has been proposed in the Companies Bill, 2009. Clause 147 of the Bill, provides for duties of directors which include the duty to act in good faith in best interest of company, to act with due and reasonable care

Posted in Corporate Law | 1 comments | 7446 Views

Strengthening of Serious Fraud Investigation Office (SFIO)

29 August 2011 at 15:49

Strengthening of Serious Fraud Investigation Office (SFIO) Keeping in view the recommendations made by Vepa Kamesam committee, it is proposed to give statutory recognition to SFIO. Besides, powers such as treating its investigation report as a r

Posted in Corporate Law | 5559 Views

Inviting Expression of Interest for selection of Knowledge

29 August 2011 at 15:47

MCA SPV an Independent Business Division (IBD) of Indian Institute of Corporate Affairs (IICA), under Ministry of Corporate Affairs intends to engage a Knowledge Management partner for purpose of data mining and analysis using data repository of M

Posted in Corporate Law | 3474 Views

MEF-Last date of Application Extended upto 2nd September, 2011

26 August 2011 at 22:45

Last date for submission of applications on the website www.meficai.org has been extended upto 02nd September, 2011. (5.30 P.M.)

Posted in Corporate Law | 4077 Views

Foreign Companies in India

25 August 2011 at 17:48

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that 820foreign companies have been registered during the last three years. The Government has received Rs. 6.91 crore, Rs. 9.56 cro

Posted in Corporate Law | 2 comments | 7884 Views

Proposal to give more powers to the Serious Fraud Investigation Office (SFIO)

25 August 2011 at 17:47

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the recommendations made by Vepa Kamesam committee, it is proposed to give statutory recognition to SFIO. Besides, power

Posted in Corporate Law | 3936 Views

Companies have been identified as vanishing companies

25 August 2011 at 17:47

Vanishing Companies The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that 238 Companies have been identified as vanishing companies. Companies which had raised funds through Initial Pub

Posted in Corporate Law | 2 comments | 7851 Views

Modernization of structure for corporate sector

25 August 2011 at 17:47

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that keeping in view the developments taking place nationally as well as internationally and with a view to modernize the structure for corpo

Posted in Corporate Law | 3360 Views

Salaries of Chief Executives

25 August 2011 at 17:42

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Companies Act, 1956 has prescribed a ceiling on the remuneration of chief executive officers (CEOs) of companies . The total man

Posted in Corporate Law | 5 comments | 10377 Views

Violation of Companies Act

25 August 2011 at 17:28

The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the number of prosecutions filed for the violations of the provisions of the Companies Act, 1956 and disposed of during last three years

Posted in Corporate Law | 1 comments | 6825 Views