The Central Vigilance Commission (CVC) has denied Central Bureau of Investigation (CBI) the permission to initiate criminal prosecution against two income tax (I-T) officials for releasing diamonds impounded during a 2006 raid without proper orders.
There is a need to focus on single window clearance for speeding up the progress of Special Economic Zones, according to Mr D.K. Mittal, Additional Secretary, Department of Commerce, Government of India. Addressing the participants in an open house
Concerned over companies keeping under wraps their bad credit ratings and publicising only the favourable ones, market watchdog SEBI is mulling over ways to curb this ‘rating shopping’ menace. SEBI is considering making it mandatory for credit ratin
Salaries of chief executives should be capped and shareholders should have a say in managerial remunerations, a parliamentary panel on the new Companies Bill has suggested. It has asked the Corporate Affairs Ministry to develop a rational formula
Google’s methods for Internet search and ranking of websites are being scrutinised by the Texas’s Attorney General — yet another case of authorities closely looking at the core business of the company. The Attorney General’s move comes in the wake
Market regulator Sebi on Friday said that trading of shares of companies going for a merger, demerger or a change in capital structure would have to be done in a price range for the first 10 days of post-restructuring, in a move aimed at curbing vola
India’s tax collections could beat budget estimates of Rs 7.46 trillion or Rs 7.46 lakh crore (USD 160 billion) in the fiscal year to end-March 2011, Revenue Secretary Sunil Mitra said on Friday
Corporate social responsibility (CSR) should not be made mandatory for companies, Sunil Mittal, Chairman of India’s telecom giant Bharti Airtel, said. Voluntary compliance are always better than forced, companies who do not want to do it forcefully
Corporate Affairs Minister Salman Khurshid said that the committee had made general endorsements to the ministry’s proposals in the Companies Bill 2009, from which the MCA would now have to formulate specific legislations.
The Standing Committee on Finance (SCF) in its Twenty-First Report, presented to the Parliament recently, has expressed the desire that all the significant and substantive matters included in the Corporate Governance Voluntary Guidelines 2009 and the Listing Agreement prescribed by SEBI may also be mandated for listed companies and considered for inclusion appropriately in the Bill. For unlisted companies, the Guidelines may remain voluntary, SCF has said in its Report.
