Corporate Law News

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 | 3930 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 | 7836 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 | 3354 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 | 10347 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 | 6813 Views

Valuation Professionals Bill

18 August 2011 at 16:38

The report submitted by the Expert Group on Valuation Professionals Bill including the comments received in this regard from the stakeholders are under consideration of this Ministry and No definite time frame can be given at this stage. This

Posted in Corporate Law | 13956 Views

Competition Commission of India : Composition and functions

18 August 2011 at 16:38

The Competition Commission of India has been constituted under Section 7 of the Competition Act, 2002 as amended in 2007. The Competition Commission of India consists of a Chairperson and not less than two and not more than six other Members. Un

Posted in Corporate Law | 6135 Views

Cases of corporate frauds

18 August 2011 at 16:31

There is no verified information available to suggest that the cases of corporate frauds are on the increase. Number of prosecutions filed for the violations of the provisions of the Companies Act, 1956 for the last three years

Posted in Corporate Law | 8085 Views

Limited Liability Partnership Rules

18 August 2011 at 16:28

The Limited Liability Partnership Rules, 2009 were notified on 01.04.2009. As on 08-08-2011, 5883 LLPs are registered all over India. The Limited Liability Partnership (LLP) is an alternative corporate business vehicle that provides the benefi

Posted in Corporate Law | 2 comments | 10470 Views

Process for Registration of a Company

18 August 2011 at 16:26

The Ministry of Corporate Affairs has simplified procedures under MCA-21 to enable registration of a company within 24 to 48 hours where there is no difficulty about availability of name etc. The various elements of this process are; (i) Directo

Posted in Corporate Law | 9573 Views