"What's wrong in that? Even if you have shares, you will sell them," Corporate Affairs Minister Prem Chand Gupta told reporters in New Delhi. The minister was replying to a query as to whether the fact that Murty sold the shares between December 12-16, 2008, was a matter of concern and could have been a case of insider trading as the sale preceded an abortive acquisition deal -- now at the centre of the accounting scam in Satyam.
The government on Friday said it has conducted inspections against 96 companies, including 16 companies of the Ketan Parekh group, in connection with stock market scam of 2001.
After passing of the Competition Act, 2007, in September, Minister of Corporate Affairs Prem Chand Gupta had announced that the CCI would be fully functional by the middle of next year.
The government has suggested that the new Satyam Computer Services board should also look within the company to appoint a CEO and CFO.
"We have asked the RoC to look into the matter, get the information from the company and inform us within three weeks as to what is the factual story. Only when we have the information can the government do anything," Union Corporate Affairs Minister Prem Chand Gupta said in New Delhi pm Saturday.
As a part of its investor protection efforts, the government on Friday said it is taking steps to ensure accountability, under law, of all persons responsible to a public issue, in the case of vanishing companies.
The motion of no confidence against the BJP-JJP government, brought by the main opposition Congress, was on Wednesday taken up in the Haryana Assembly, with Speaker Gian Chand Gupta reserving two-hour discussion on it.
The minister asked the corporate sector to follow fair corporate disclosure norms.
The government on Wednesday said it will come out with a simplified settlement scheme for firms found violating the Companies Act and look at striking off names of defunct companies.
The government said on Friday a Bill to amend the Companies Act, 1956, will be introduced in the Budget Session of the Parliament next year, while the new accounting standards for firms in India is expected to be in place by January next year.
The government on Friday sought investors' help to strengthen its case against 114 companies, that have vanished after raising around Rs 800 crore (Rs 8 billion) through public issues in the capital market boom of 1993-94 and 1994-95.
Facing the gigantic problem of over three lakh defunct companies, the government said on Wednesday that a new scheme would be announced this month to enable promoters to close such entities in a "hassle-free" manner.
The government on Saturday said it would present a bill on the revised Companies Act in Parliament before June 2005.
The case pertains to allegations that Lalu Prasad, as railway minister, handed over the maintenance of two hotels run by the IRCTC, a subsidiary of the Indian Railways, in Ranchi and Puri to Sujata Hotels, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.
Haryana Home Minister Anil Vij Monday said the probe into the killing of Indian National Lok Dal (INLD)'s state unit chief Nafe Singh Rathee will be handed over to the Central Bureau of Investigation even as 12 people including a former MLA were booked in connection with the murder.
The Congress was fighting the elections in a pre-poll alliance with National Conference and had fielded 32 candidates, mostly in Jammu region, compared to 51 by the regional party.
The RJD chief has been asked to appear for questioning at the agency headquarters on September 11.
The Central Bureau of Investigation, which had on April 16 filed the chargesheet in the case, had said that there was enough evidence against the accused.
Khattar's test report came positive on Monday, six days after he had attended a meeting with Union Jal Shakti Minister Gajendra Singh Shekhawat, who was later found infected with the virus.
They had earlier been called on September 11 and 12 but Lalu did not turn up, citing an ongoing court case in Ranchi where his presence was required, while Tejashwi claimed he had political commitments to take care of.
Lalu said the Centre was trying to 'frame' him and his family in 'false cases' out of political vendetta.
The youth -- their dreams of government jobs unfulfilled -- are voicing their frustration.
Special Judge Arun Bharadwaj granted relief to Prasad after he was produced before the court through video conference from a Ranchi jail, where he is lodged in another case, as he was unable to come due to health reasons.
The case is understood to be related to the alleged irregularities in land allotment in 2009, sources said.
The Punjab government has declared a holiday on Thursday as a mark of respect to the former chief minister.
"Lalu ji had madhur sambandh (cordial relations) with my father and political mentor Ram Vilas Paswan. I thank him for lending credence to my leadership. But, my current priority is the ongoing state-wide Ashirwad Yatra", Chirag told reporters in Patna.
The agency is probing members of the Lalu Prasad family and others under the Prevention of Money Laundering Act.
The accident took place at the Tungi-Morh in the Chowki Chora belt of the district, the officials said, adding that the bus rolled around 150 feet down into the gorge.
Special Judge Arun Bhardwaj also issued a production warrant against Prasad in the case.
It was announced that no discussion took place regarding Tejashwi's resignation. In fact, his work was appreciated.
Five MLAs -- four from the BJP and one independent -- were also sworn in as ministers. However, former home minister and six-term MLA from Ambala Cantt, Anil Vij, has not found a place in the new cabinet.
The Congress on Tuesday announced its second list of 43 candidates for the Lok Sabha polls, fielding Kamal Nath's son Nakul Nath once again from Madhya Pradesh's Chhindwara and Ashok Gehlot's son Vaibhav Gehlot from Rajasthan's Jalore.
The action is in connection with its money laundering probe in the IRCTC hotel allotment scam case involving Rashtriya Janata Dal chief Lalu Prasad and his family.
Rabri Devi's appearance before the central probe agency comes after she skipped similar summonses at least six times.
Sonia Gandhi on Sunday hosted her first Iftar in three years, which saw the Congress president sharing a table with leaders of RJD and its new-found ally Janata Dal-United.
Rajya Sabha Chairman M Venkaiah Naidu also made a fervent appeal to the leaders of various parties at an all-party meeting to ensure smooth and effective functioning of the House during the Budget Session.
Priyanka goes shopping with Malti... Jacqueline has a request... Huma is a chaotic mess...
Dhas (116, 101 balls) and Saharan (100, 107 balls), who added 215 off 202 balls, lifted India from a tricky 62/3 to a formidable 297/5 after they opted to bat first.
The Congress's motion of no confidence against the Bharatiya Janata Party- Jannayak Janata Party government in Haryana was defeated on Wednesday with 55 members of the assembly voting against the motion while 32 members from the opposition camp backed it.
