News for 'Company Law Board'

Pegasus issue: Cong seeks Amit Shah sacking, probe against PM

Pegasus issue: Cong seeks Amit Shah sacking, probe against PM

Rediff.com19 Jul 2021

The Congress on Monday demanded an independent probe into the issue involving alleged phone tapping of prominent personalities including journalists in India using Israeli Pegasus spyware.

How Sasikala took control of Jaya TV from jail

How Sasikala took control of Jaya TV from jail

Rediff.com19 Dec 2016

Did Jayalalithaa, who was also in jail then, know about these transactions?

Flight review

Flight review

Rediff.com2 Apr 2021

Besides Mohit Chadda and a potentially great concept, Flight has barely anything that is worthy of a watch, feels Prateek Sur.

Why FPIs are staying away from defence IPOs

Why FPIs are staying away from defence IPOs

Rediff.com28 Mar 2018

Several institutional investors were ineligible to invest in these companies as they failed to meet the disclosure norms

Jayesh Sanghrajka is interim CFO of Infosys

Jayesh Sanghrajka is interim CFO of Infosys

Rediff.com15 Nov 2018

Sanghrajka has spent 13 years in Infosys over two stints and has performed various leadership roles in the finance section.

Why banks are uncomfortable with bankruptcy code

Why banks are uncomfortable with bankruptcy code

Rediff.com4 Oct 2017

Recent tribunal rulings open prospects of large haircuts and barriers to auctioning of personal guarantees, among other issues

Jet lenders mull open auction process

Jet lenders mull open auction process

Rediff.com24 Mar 2019

Bids to be evaluated according to guidelines by the civil aviation ministry, following which a buyer will be selected. Transfer of control to the buyer to be effected by June-end.

CSR non-compliance: Breather for Corporate India

CSR non-compliance: Breather for Corporate India

Rediff.com14 Aug 2019

A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.

Why Narayana Murthy wasn't reclassified as public investor

Why Narayana Murthy wasn't reclassified as public investor

Rediff.com23 Feb 2017

Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.

Meet the unseen forces behind farmers' protest

Meet the unseen forces behind farmers' protest

Rediff.com23 Jan 2021

Behind the movement are shock-workers functioning quietly to ensure that a seemingly spontaneous, apolitical, grassroots mobilisation sustains itself without dribbling into chaos or violence. Sai Manish lists some of them.

Amazon urges Sebi to suspend review of Future-RIL deal

Amazon urges Sebi to suspend review of Future-RIL deal

Rediff.com15 Jan 2021

Amazon has asked Sebi to suspend its review of the Rs 24,713 crore Future-Reliance deal and not grant a no objection certification on the ground that its challenge to the agreement was before the Delhi high court. E-commerce major Amazon has written to Sebi again, this time apprising it about the admission of its appeal before the division of the Delhi high court and urged the market regulator to suspend the review of the Future-Reliance Industries Ltd (RIL) deal. This is the eighth letter by Amazon to the Securities and Exchange Board of India (SEBI) chairman Ajay Tyagi since late October. Amazon has been opposing Future group's pact with billionaire Mukesh Ambani's RIL that was signed in August last year.

WhatsApp leaks force Sebi to scale up war on insider trading

WhatsApp leaks force Sebi to scale up war on insider trading

Rediff.com7 Apr 2018

Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.

Zensar pay to Goenka under proxy firm scanner

Zensar pay to Goenka under proxy firm scanner

Rediff.com12 Jul 2015

Goenka has not even attended the last three annual general meetings of the company, yet he drew around half of the managing director's pay

Court removes Harsh Vardhan Lodha from MP Birla group cos

Court removes Harsh Vardhan Lodha from MP Birla group cos

Rediff.com19 Sep 2020

The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.

HC dismisses pleas of A Raja, holds amendment in PC Act not to apply on 2G case

HC dismisses pleas of A Raja, holds amendment in PC Act not to apply on 2G case

Rediff.com23 Nov 2020

Justice Brijesh Sethi held that the 2018 amendment to the Prevention of Corruption Act relating to Section 13 (1)(d) would not come to the rescue of the acquitted accused in this appeal.

Swraj Paul's mantra to fight corruption in India

Swraj Paul's mantra to fight corruption in India

Rediff.com3 Oct 2013

In a society where corruption is endemic and you want to get something done then it is all too tempting to offer a bribe, Swraj Paul said.

Deepak Kochhar's NuPower in fresh controversy

Deepak Kochhar's NuPower in fresh controversy

Rediff.com27 Apr 2018

Shareholder advisory companies are raising eyebrows at the ICICI Bank board not being aware of Firstland's investment in NuPower

GST officers unearth over Rs 35K cr fraud in FY21

GST officers unearth over Rs 35K cr fraud in FY21

Rediff.com13 Jul 2021

In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

Malaysia's IHH Healthcare wins bid for Fortis, plans to invest Rs 4000 cr

Malaysia's IHH Healthcare wins bid for Fortis, plans to invest Rs 4000 cr

Rediff.com13 Jul 2018

In a statement, Fortis said under the accepted offer, IHH would infuse Rs 4,000 crore through subscription to the preferential allotment at a price of Rs 170 per share. The Malaysian firm will then make a mandatory open offer to public shareholders for 26 per cent of the outstanding shares post issuance.

1% GST in cash: FinMin clarifies on why it was necessary

1% GST in cash: FinMin clarifies on why it was necessary

Rediff.com28 Dec 2020

This provision is a very smart rule against fraudster and would not affect any genuine business entities or Ease of Doing Business in any manner, said a source.

Ayodhya on edge; elaborate security across country

Ayodhya on edge; elaborate security across country

Rediff.com8 Nov 2019

Authorities said social media posts will be monitored to ensure that no attempt is made to vitiate the atmosphere.

Gas leak: NGT slaps interim penalty of Rs 50 cr on LG Polymers India

Gas leak: NGT slaps interim penalty of Rs 50 cr on LG Polymers India

Rediff.com8 May 2020

A bench, headed by NGT Chairperson Justice Adarsh Kumar Goel, set up a five-member Committee to probe Thursday's gas leak incident in the chemical factory, in which 11 people were killed and 1,000 exposed, and submit a report before May 18.

Why NSE deferred announcement of FY19 results

Why NSE deferred announcement of FY19 results

Rediff.com6 May 2019

NSE's board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on Sebi's order, sources said.

Infosys chief compliance officer quits

Infosys chief compliance officer quits

Rediff.com19 Apr 2014

Company appoints Parvatheesam K as compliance officer.

Differences surface over Kochhar's re-appointment at ICICI Securities

Differences surface over Kochhar's re-appointment at ICICI Securities

Rediff.com24 Aug 2018

Institutional Investor Advisory Services had recommended investors to vote 'against' the proposal, while Stakeholders Empowerment Services asked investors to vote 'for' the proposal.

Indian on coronavirus-hit ship: 'We are facing death every minute'

Indian on coronavirus-hit ship: 'We are facing death every minute'

Rediff.com13 Feb 2020

'While I am talking to you, I have no idea whether I'm infected or not.' 'I just want to go back home safely.'

Infy gets co-chairman, sets aside Rs 13K cr for share buyback

Infy gets co-chairman, sets aside Rs 13K cr for share buyback

Rediff.com13 Apr 2017

The board expansion comes against the backdrop of an ongoing tussle between the founders and the management over contentious issues such as CEO salary hike, severance package to former employees and corporate governance standards.

Shivinder vs Malvinder: Mother helps avoid legal battle for now

Shivinder vs Malvinder: Mother helps avoid legal battle for now

Rediff.com14 Sep 2018

Sources said she had stopped eating for the past few days and had constantly been making calls and sending emails to the two brothers.

Why this Businessman Quit Kerala

Why this Businessman Quit Kerala

Rediff.com26 Jul 2021

Is there more than meets the eye to Kitex Garments, the world's second-largest children's garment producer, abandoning Kerala for Telangana?

Investors force Uber CEO Kalanick out

Investors force Uber CEO Kalanick out

Rediff.com21 Jun 2017

Kalanick, in a statement, said he has "accepted a group of investors' request to step aside so that Uber can go back to building rather than be distracted with another fight".

Chanda Kochhar contests bonus clawback, ESOP termination

Chanda Kochhar contests bonus clawback, ESOP termination

Rediff.com20 May 2019

Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.

The Man in the Middle of the Twitter Storm

The Man in the Middle of the Twitter Storm

Rediff.com10 Jul 2021

When the Delhi police served him a notice in May for a case involving tagging some political leaders' tweets as carrying manipulated media, a spirited Maheshwari said he was employed by Twitter Communications Private Limited, and not Twitter Inc, and, therefore, could not help them. The authorities were understandably not pleased.

Does TN govt's decision to permanently close Sterlite hold water?

Does TN govt's decision to permanently close Sterlite hold water?

Rediff.com5 Jun 2018

When it closed close down the copper plant at Thoothukudi in 2013. Its orders were held illegal by the NGT on procedural grounds

Tough legal battle lies ahead for USL, Mallya

Tough legal battle lies ahead for USL, Mallya

Rediff.com12 Jul 2016

USL board said its second forensic audit by EY has revealed fund diversion worth Rs 1,225 cr to Mallya companies.

Siddhartha talks of harassment by IT officer in letter

Siddhartha talks of harassment by IT officer in letter

Rediff.com30 Jul 2019

Siddhartha alleged in his letter that there was a lot of harassment from the previous DG Income Tax in the form of attaching "our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although revised returns have been filed by us".

L&T announces Rs 5,030-cr open offer for Mindtree at Rs 980/share

L&T announces Rs 5,030-cr open offer for Mindtree at Rs 980/share

Rediff.com7 Jun 2019

The open offer is slated to commence on June 17 and close on June 28

Why PEs may be better source of capital for banks

Why PEs may be better source of capital for banks

Rediff.com16 Dec 2020

India may adopt norms similar to the US Federal Reserve model, which regulates conglomerate-led banks in the country.

McDonald's may go off menu in North and East

McDonald's may go off menu in North and East

Rediff.com22 Aug 2017

Default in payment of royalties to McDonald's India for nearly two years was the key reason behind the fast-food chain's decision to terminate franchise agreement

Chinese cos have more women directors than Indian firms: Study

Chinese cos have more women directors than Indian firms: Study

Rediff.com14 Jun 2015

Consultancy major Deloitte Global said that women hold about 12 per cent of board seats worldwide while only 4 per cent of them are at the helm of boards

Shameful that listed firms can't find women directors: Sebi

Shameful that listed firms can't find women directors: Sebi

Rediff.com20 Mar 2015

Sebi had asked all listed cos to mandatorily appoint at least one woman director.