INDIACSR News Network NEW DELHI: The Ministry of Corporate Affairs Government proposes to set up National Company Law Tribunal (NCLT) and National Company Law Appellate Tribunal (NCLAT) which will replace Company Law Board, Board for Industrial and Financial Reconstruction and Appellate Authority for Industrial and Financial Reconstruction. “It may be noted that provisions regarding constitution [...]
By S D Israni The Companies Bill, 2011, portends to be a game changer. On the face of it, the new company law should have fewer provisions with only 470 sections as compared to present Companies Act, 1956, which comprises nearly 700 sections. However, in reality, the new company law will have more provisions if [...]
MUMBAI: Overseas investors’ cold shoulder to India may not all be due to economic woes, but the steadily rising worries about corporate governance may be also playing a role. Allegations of misuse of funds and not honouring agreements have began to crop up from across the country as many past assumptions on businesses turned sour. [...]
By Pavan Kumar Vijay After over five decades, rules of the game are going to change for the Indian Inc, as the Companies Act, 1956, is set to be replaced by the Companies Act, 2011. The Companies Act, 2011 comes as a welcome change for investors and other stakeholders as it promises to bring reforms [...]
INDIACSR News Network The Indian economy has expanded at a rapid rate during the current decade and the corporate sector has been the biggest contributor in this growth story. While the Ministry of Corporate Affairs is working towards reforming the enabling environment for effective functioning of the corporate sector, simultaneously, there is a strong argument [...]
By Ashish K Bhattacharyya Ashish K Bhattacharyya, Director, International Management Institute – Kolkata One of the important rights that shareholders enjoy is the right to receive financial information periodically. It is widely perceived that managers have a temptation to ‘cook’ account books and provide favourable financial information to the investing public. Therefore, there is a [...]
HYDERABAD: Hindustan Unilever Ltd and GAIL have received the National Award for Excellence in Corporate Governance 2011 of the Institute of Company Secretaries of India (ICSI) for excellence in corporate governance at a presentation ceremony in Hyderabad on Friday evening. ICSI bestows this award every year to those it considers the two best governed companies [...]
HYDERABAD: With intent to allow farmers, producers of goods and consumers, the government of India will bring out a national competition policy by March-end. It will also announce national corporate governance guidelines to strengthen the corporate governance system and administrative standards in the private sector. “The final draft of the proposed competition policy is expected [...]
MUMBAI: As Ratan Tata prepares to hang up his boots at Bombay House, the chairman of the 120-company Tata Group is trying to fix one glaring chink in the conglomerate’s armoury – the sheer lack of women in leadership positions and across the workforce as well. With the sprinkling of young talent across frontline group [...]
NEW DELHI: Rejecting the idea of assuming a Central Vigilance Commission (CVC)-like role of anti-corruption watchdog for the private sector, capital market regulator Sebi has said it wants listed entities to follow a nine-point disclosure norm against non-ethical business practices instead. The Securities and Exchange Board of India (Sebi), which regulates thousands of listed companies [...]
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