REGULATIONS


Gujarat on Thursday banned Maggi, Sunfeast and Hakka noodles brands for 30 days after samples of the snack food failed laboratory tests.   Health Minister Nitin Patel told media persons that 27 out of 39 samples of Maggi noodles were found to contain objectionable levels of lead --...

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Moneylife Digital Team 04 June 2015
Neesa Technology that issued NCDs of Rs1 lakh each with IDBI Trusteeship Services as the debenture trustee, has been restrained by SEBI from raising funds and securities markets till further notice   Market regulator Securities and Exchange Board of India (SEBI) has asked...

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A path-breaking judgement of the Bombay High Court can help all litigants on unending cases where they do not know if the opposite party is dead or alive   Prof Kelwadi is an advocate. He teaches law. A good friend, he was the advocate mentioned in an earlier article on judicial...

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US-based taxi provider Uber will continue to be banned in the national capital as the Delhi government rejected its fresh request for plying cabs.   The decision was taken after the city government found that Uber "failed to submit the sworn affidavit of complying with the ban order...

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The government on Wednesday filed a complaint against Nestle India with the National Consumer Disputes Redressal Commission (NCDRC), following the controversy over samples of Maggi noodles containing lead beyond permissible limits.   Food and Consumer Affairs Minister Ram Vilas Paswan...

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Maharashtra has cracked the whip on multinational Nestle's Maggi brand of noodles and samples collected from around the state have been sent for testing in government laboratories, a minister said Wednesday.   Food & Civil Supplies Minister Girish Bapat said that the samples have been...

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The Supreme Court on Wednesday asked the CBSE not to declare the Pre-Medical Entrance Test (PMET) results till June 9 as Haryana Police was probing the leak of the May 4 examination paper.   An apex court vacation bench comprising Justice Prafulla C. Pant and Justice Amitava Roy said...

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What was meant as a quick, effective redressal system for consumers is now a slow, grinding machinery   After great efforts by several active Indian citizens, the country got the Consumer Protection Act, 1986 (the Act), promising quick, cheap and effective system for redressing...

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The Enforcement Directorate, which is probing the Rs.35,000 crore illegal iron ore mining scam in Goa, has issued show cause notice to Goa-based iron ore export firm Magnum Minerals for under-invoicing exports and parking abroad the proceeds of iron ore sale to the tune of Rs.136.93...

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Moneylife Digital Team 02 June 2015
According to SEBI investigation as on March 2011 Susk India had collected Rs1.29 crore from investors as advance booking for plots, however, the company acquired land worth only Rs15.19 lakh   Market regulator SEBI in an interim order cum show cause notice has asked Susk India Ltd and...

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The frequent call drops which mobile phone users face today may soon invite a penalty for service providers, Communications and IT Minister Ravi Shankar Prasad said on Tuesday, while announcing free roaming facility by the state-run national telecom provider BSNL from June 15.   The...

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The food safety watchdog has taken more samples of Maggi noodles across India for testing after certain harmful substances were allegedly found in a batch in quantities higher-than-permissible-limits, the government said on Monday warning that violation of standards will make even brand...

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Shruti Agarwal 01 June 2015
Due to a heavier regulatory burden and complexity in filing issues, many existing companies are shifting to the LLP model. Besides taxation benefits, for LLPs, there are barely one or two periodic filing every year compared with loads of paperwork for companies   It has almost been...

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The Supreme Court on Monday stayed the operation of the Rajasthan High Court order that had directed the authorities to dismantle allegedly unauthorised telecom base towers erected by Reliance Jio Infocomm in Jaipur for starting its 4G services.   Putting on hold the May 22 order of...

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Moneylife Digital Team 01 June 2015
There is a need to fix the liability of Brand Ambassadors for the claims they make while endorsing products, charges a traders' body   The Confederation of All India Traders (CAIT) has asked all brand ambassadors who endorse a product, and thus influence choice of customers and...

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President Pranab Mukherjee on Sunday gave his assent to re-promulgation of the land ordinance, which was to expire next month.   Rashtrapati Bhavan officials told IANS that the president signed the ordinance before leaving on an official visit to Sweden and Belarus.    The...

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The Supreme Court on Friday described as tentative a high court observation that the central government's May 21 order giving Delhi's lieutenant governor the final say in posting and transfers of bureaucrats was "suspect", even as it issued notice to the city government on the...

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Moneylife Digital Team 29 May 2015
The company was engaged in fund mobilising activity through issue of NCRSDs to more than 49 persons without complying with the relevant provisions of the Companies Act, 1956 and provisions of the SEBI (Issue and Listing of Debt Securities) Regulations, 2008, according to an interim order from...

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The government on Tuesday set up a committee to recommend measures to "revisit and revitalise" the public-private partnership (PPP) mode of infrastructure development as union Finance Minister Arun Jaitley said in his budget speech, a statement said.   The committee will be headed by...

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Niddhi Parmar 26 May 2015
Companies will have to ensure availability of documents at their Registered Office, Head Office as well as Corporate Office at the time of general meetings   The secretarial standards issued by Institute of Company Secretaries of India (ICSI), which are intended to ensure...

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