COMPANY LAW COMMITTEE
Corporate law: How it could affect business operations
The acts of a company’s internal management are normally not interfered by a judicial review, unless these acts were in conflict with the law, and were generally seen to be prejudicial to the interest of a large section of the company’s shareholders. Verdicts under company law have tilted in favour of the larger interest of the company, as opposed to individual interest.
Supreme Court forms committee to draft mediation law, will send to government
The panel, to be headed by mediator Niranjan Bhat, will recomme...
Proposal looks to decriminalise 2/3rd offences under Companies Act
Proposed changes have been drawn from the report of the Company Law Commit...
RCom's committee of creditors to meet on Wednesday
Reliance Communications' committee of creditors (CoC) will hold a meeting on Wednesday, the company said in a regulatory filing on Tuesday.
SC agrees to hear telecos plea seeking time to pay AGR dues
DoT may be open to negotiations if telcos pay part of their dues by Thursday.
Change to state land laws may make M&As in IT parks smooth
A recent amendment to Karnataka’s land laws is expected to help developers of technology parks, industrial estates and special economic zones (SEZs) as well as investors as it opens up opportunities in mergers and acquisition (M&A) deals.
Airtel special committee clears issue price, other modalities of $3 billion fund raising
The issue price was at a discount of 1.57 per cent to the stated floor price of Rs 452.09 per equity share.
Infosys' audit committee finds no wrongdoing, SEC investigation continues
In October, a whistleblower mailed the Infosys board with a slew of charges against salil Parekh & Nilanjan Roy.
Liberty House told to give details on Adhunik, Zion resolution plan
UK co gets one more chance after it failed to make full upfront payment for the two entities on time.
Jaypee Infra's IRP approaches NCLT Allahabad for approval of NBCC's bid
Last month, NBCC won the bid to acquire Jaypee Infratech after financial creditors, including lenders and homebuyers, approved its resolution plan. NBCC's resolution plan was approved by the committee of creditors (CoC) with 97.36 per cent votes in favour.
Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assets
Bankers have named Jio as the preferred bidder for the tower and fibre assets housed in Reliance Infratel, while UVARCL will acquire the spectrum of RCom and its subsidiary Reliance Telecom. The combined offer from UVARCL and Jio is higher than the offer from Bharti Airtel — which had an NPV of Rs 8,500 crore.
How the Pentagon was duped by contractors using shell companies
In some cases, the shell companies helped contractors obscure that they were making U.S. military equipment abroad, the GAO said, posing a risk to national security and quality control. More often, they were used to win contracts meant for companies owned by disabled veterans or minorities, a U.S. Government Accountability Office study of Defense Department contractors said.
DHFL creditors to meet on Monday for discussing resolution
The third-largest pure play mortgage player is the first non-banking financial company or housing finance company to face the corporate insolvency resolution process. The Mumbai bench of NCLT had admitted the company for insolvency resolution on December 2 and appointed IOB's former MD and CEO R Subramaniakumar as the company's administrator.
Jaypee homebuyers' body urges flat owners, bankers to vote for NBCC bid in insolvency process
On December 7, a committee of creditors (CoC) decided that homebuyers and lenders of Jaypee Infratech will vote on the bids of NBCC Ltd and Suraksha Realty at the same time. The voting process started on December 10 and will continue till December 16.
Sebi slaps Rs 8 lakh fine on ABG Shipyard's officials
The markets watchdog has levied a fine of Rs 3 lakh each on Arun Pathak and Syed Abdi and Rs 2 lakh on Dhananjay Datar.
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