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Govt relaxes resident director norms for companies

Last Updated: Sunday, June 29, 2014, 14:42

The relaxation allows for companies to have at least one director who has resided in India for more than 136 days this year.

Govt willing to address difficulties in Cos Act implementation

Last Updated: Saturday, June 21, 2014, 23:06

Industry groups - CII, Ficci, Assocham and PHDCCI - emphasised upon the need to ensure progression and development of business, and avoid unintended negative outcomes.

Bharatiya Mahila Bank targets Rs 1,800 cr biz this fiscal

Last Updated: Sunday, June 15, 2014, 19:08

Bharatiya Mahila Bank (BMB), incorporated under the Companies Act last fiscal to extend banking services especially to women, is targetting at a business of Rs 1,800 crore this fiscal.

Govt provides clarity on independent directors` tenure

Last Updated: Tuesday, June 10, 2014, 13:57

Easing norms, the government has said an independent director`s previous tenure would not be counted towards the ten-year period limit, as mandated under the new companies law, provided that the individual is appointed afresh before March 2015.

India Inc likely to spend Rs 22,000 cr on CSR: E&Y

Last Updated: Thursday, June 05, 2014, 17:27

"Given the mandate it is estimated that nearly 16,500 companies will invest Rs 22,000 crore towards CSR," Vijay Ganapathy from EY India's advisory services said speaking at a seminar on CSR.

Unclear Companies Act would make things worse: CII

Last Updated: Wednesday, June 04, 2014, 23:52

Seeking a comprehensive review of the new Companies Act, industry body CII today said that an "unclear and cumbersome" law would make things worse for the corporates.

SEBI rejects demand for leniency in appointment of independent directors

Last Updated: Thursday, May 15, 2014, 19:41

Market regulator SEBI on rejected a call from companies for leniency in mandatory appointment of independent directors.

New cos law becomes reality with robust governance norms

Last Updated: Tuesday, April 01, 2014, 22:58

To protect the interests of investors, the government has made it mandatory for public deposit-taking companies to insure such deposits, among others.

New companies law: Most provisions to be effective from Tuesday

Last Updated: Monday, March 31, 2014, 23:44

Norms for social welfare spending, stringent regulations for related party transactions, independent directors and deposit-taking companies, among others, would come into force.

New companies law: Govt notifies rules for ten more chapters

Last Updated: Friday, March 28, 2014, 14:54

Rolling out the new Companies Act, the government has notified rules for ten more chapters, including those related to powers of boards and appointment of directors.

Govt notifies more sections of new companies law

Last Updated: Wednesday, March 26, 2014, 19:56

The government Wednesday notified more than 180 sections of the new Companies Act, as it moves to make the legislation operational from next month.

EC allows Corp Affairs Min to notify new rules

Last Updated: Thursday, March 20, 2014, 19:47

The Corporate Affairs Ministry Thursday received Election Commission's approval for notifying rules related to various sections of the new Companies Act, paving the way for its implementation from April 1.