Mumbai- Till fairly recently, parties held guilty in consumer forums delayed shelling out compensation by paying only a part or by seeking adjournments. Not anymore. The state consumer commission has, among other measures, precluded payment of compen
In what could delay further the implementation of Goods and Services Tax (GST), state panel chief Asim Dasgupta has asked the Centre to do away with GST council and the dispute settlement body in the constitutional amendment bill. “Empowered Group of
The Income Tax department, which conducted searches against major consortia which bagged contracts related to Commonwealth Games, is looking at rate contracts and the difference in market and procurement prices of various goods like air conditioners
Not just you, now your property too will get a unique identification number. By January 2011, all property owners of Bangalore will finally get their updated unique Property Identification (PID) numbers.
The trial in multi-crore Satyam Computers accounting fraud case would begin from November 2, nearly 22 months after B Ramalinga Raju, disgraced founder of Satyam Computer Services admitted fudging of company accounts to the tune of Rs 7,200 crore (Rs
Communications Minister A Raja’s promise to let people switch their mobile service operators while retaining their telephone number has got delayed once again – the deadline for the implementation of mobile number portability has been postponed from
Mahesh Bhupathi has been a resolute fighter on the tennis court since he turned pro in 1995. Clawing his way up the ATP rankings, he has earned a career prize money of $5,191,184. But on Monday he decisively lost the tenacious fight he waged right up
Union Minister of State for Finance S S Palanimanickam today said the Direct Taxes Code would be implemented on April one, 2012. “It will be implemented on April 1, 2012. There is no change in that…”, he told reporters. In August, the Government de
It is known that resolving the disputes between or among the shareholders in a closely held company is very difficult in the absence of any settlement between or among the parties. Now a day, based on the practice of entertaining petitions under section 397/398 of the Companies Act, 1956 without looking into sheer technicalities, a shareholder/s who is qualified to approach Company Law Board under section 399 of the Companies Act, 1956 and who has a grievance with the other shareholders prefers to file a Petition under section 397/398 of the Companies Act, 1956. It is known that as adjudicating a company dispute requires specialization and also a traditional Civil Court may not speedily dispose a Company dispute and may not go beyond the brief. In view of the difficulties in approaching the traditional Civil Court though a Civil Court can be approached at times in respect of the grievances in the Company, many prefer to approach the Company Law Board.
It is clarified that while computing the requirement of minimum 50% shareholding of non-promoters in demat form in a company, the government holding in non promoter category may be excluded.
