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Archive: 02 May 2009

Posts in 02 May 2009

Media cannot be restrained from reporting confidential information of a company

May 2, 2009 453 Views 0 comment Print

The Delhi High Court has held that the media cannot be restrained from reporting confidential information of a company pertaining to its up coming projects and dealings with other companies. “In the case of a corporate entity, unless the news presented is of such a sensitive nature that its business or very existence is threatened […]

Govt may exempt partnership firms & companies from stamp duty

May 2, 2009 1091 Views 0 comment Print

The government may exempt partnership firms and limited companies from paying stamp duty while converting into limited liability partnerships (LLPs), a way of doing business that is favoured globally for its flexibility. The government will amend the Income Tax Act later this year to provide a tax regime for LLPs, which are being incorporated from […]

Sebi may ask small companies to pay a lumpsum fee for listing

May 2, 2009 324 Views 0 comment Print

The Securities and Exchange Board of India (Sebi) may have finally found the solution to deal with companies defaulting on payment of listing fees. The market regulator is considering a proposal, whereby companies below a certain threshold of paid-up capital will be asked to make a one-time lumpsum payment to the stock exchanges, on which […]

The government plans to bring out yet another clarification to exclude banks from the purview of its revised foreign investment norms

May 2, 2009 421 Views 0 comment Print

Another Press Note or a clarification could be issued to make clear that the government will ensure that sectors such as multi-brand retail, agriculture, lottery and atomic energy, where foreign investment is prohibited, will be kept out of the reach of even indirect foreign investment.

Wipro develops software that switches off computer automatically

May 2, 2009 376 Views 0 comment Print

Don’t get annoyed if your destop throws a question at you: “At what time can I retire for the day? Some 56,000 desktops in Wipro have been asking this question for a couple of months daily at around 4.30 pm. The company has developed a special software programme and installed it on these workstations. It […]

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