- Saturday, January 2, 2010, 9:15
- Company Law
The Ministry of Corporate Affairs took up a comprehensive revision of the Companies Act, 1956 (the Act) in 2004 keeping in view that not only had the number of companies in India expanded from about 30,000 in 1956 to nearly 7 lakhs, Indian companies were also mobilizing resources at a scale unimaginable even a decade ago, continuously entering into and bringing new activities into the fold of the Indian economy as well as Internationally.
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- Saturday, November 28, 2009, 1:47
- Income Tax
After a lull, the contentious provisions regarding mergers and acquisitions (M&A’s) of the amended Competition Act is back on the discussion table of the Ministry of Corporate Affairs (MCA). The Ministry is planning to hold a meeting with the new anti-monopoly watchdog the Competition Commission of India (CCI) and the stakeholders in the first week of December to discuss the M&A clauses – Sections 5 and 6 – that are yet to be notified, official sources told to lead..
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- Friday, October 30, 2009, 2:40
- Finance
WorldCom was one of the big success stories of the 1990s. It was a symbol aggressive capitalism. Founded by Bernie Ebbers, one of the most aggressive acquirer during the US mergers and acquisitions boom of the 1990s. WorldCom's asset value had soared to $180bn before the US capital market started witnessing a downtrend.
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- Tuesday, September 8, 2009, 2:53
- Income Tax
Acquisition of unlisted foreign companies by Indian corporates has come under the scanner of income-tax (I-T) authorities who plan to scrutinise the deals to ensure they are not being structured to evade tax. Deals involving equity swaps are particularly in focus, as these could be used to transfer part-ownership of Indian companies to overseas jurisdictions.
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- Thursday, May 21, 2009, 14:42
- Finance
Smaller countries with population of less than 30 million are better placed to face the economic slowdown and benefit quicker from any recovery, indicates a ‘stress test’ conducted by the international business school IMD to supplement its annual IMD World Competitiveness Yearbook 2009. The stress test finding, favouring small countries, goes against generally prevalent economic [...]
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