BHEL commissions largest thermal power plant in North East (See 'Corp Brief') Cabinet okays abolition of Cesses & Surcharges in run-up to GST roll-out (See 'Top News') NELP - Cabinet nod for extension to PSC (See 'Top News' in TIOL) Amendments to NABARD Act to infuse fresh Capital beyond Rs 5000 Cr (See 'TOG News' in Rising Din Against Litigation - Do something before India boards GST Bus (The Cob(Web) in TIOL) Arbitration Act - Court cannot interfere in arbitrator's interpretation of agreement, when view expressed by arbitrator is certainly a plausible view: HC (See 'Legal Desk') Competition Act - Case fit for DG investigation where prima facie there is possibility of contractor being paid less than agreed amount in an arbitrary manner : CCI (See 'Legal Desk') Lodge complaint online with National Consumer Helpline portal (See 'TOG News' in Mahila Bank to merge with SBI (See 'Top News' in TIOL) President Trump and the BEPS world (See 'EDIT' in Risk Management and Inter-bank Dealings: Operational flexibility for Indian subsidiaries of Non-resident Companies (See 'Dashboard') RDDB Act - Appellate Tribunal can direct the appellant to deposit 50 % of the recovery amount when the case has been going on for 13 Years: HC (See 'Legal Desk') Trademark Act - Photographs and screenshot of website on which products are being sold can be used as evidence for establishing passing off when defedant did not contest the case: HC (See 'Legal Desk') Taxing Intellectual Properties (See 'The Insight' in TOG) Price war triggers consolidation, Idea Vodafone announces merger (See 'Corp Brief') Companies (Indian Accounting Standards) Rules, 2015 amended (See 'Dashboard') Foreign Exchange Management (Foreign Exchange Derivative Contracts) (Amendment) Regulations, 2017 (See 'Dashboard') Companies Act - Petition filed in 2015 challenging transfer of shares taken place between 2001-2004 cannot be allowed when parties have failed to act timely over their rights: NCLT (See 'Legal Desk') FERA Act - Director of company, an Indian citizen is liable to be prosecuted under FERA, even when the company is incorporated outside India: HC (See 'Legal Desk') NTPC achieves record annual cumulative gross generation (See 'Corp Brief') Works Contract: The confusion continues (See 'ST se GST tak' in TIOL') Competition Act - Practice of mandating NOC as pre-requisite for appointment of stockists amounts to limiting and restricting supply of pharmaceutical drugs in market in violation of Section 3: CCI (See 'Legal Desk') Securities Contracts (Regulation) Act - Stock Exchange can be voluntary de-recognised by complying with exit circular of SEBI - SEBI (See 'Legal Desk') SEBI to reform Commodities Trading to see boost: MoS (See 'Corp Brief') Govt solicits view on Institutionalization of Arbitration Mechanism (See 'Corp Brief') Delhi Govt asks CII to join hands for GST Call Center (See ('TIOL GST') in TIOL) Warning - GST Ahead - No Diversion (See ('TIOL GST') in TIOL) Trade Marks Act - Injunction cannot be granted against junior user of mark, when senior user and smaller company permits junior user and larger company to grow rapidly and establish a huge market presence without taking any action: HC (See 'Legal Desk') Companies Act - Company cannot be wound up solely because the creditor bank wants to recover its money, when the borrower is making efforts to repay loan: HC (See 'Legal Desk') Review of advertisement guidelines for Mutual Funds (See 'Dashboard') SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 ('SAST Regulations') (See 'Dashboard') Cabinet approves 50 new Kendriya Vidyalayas (See 'Top News' in TIOL) Cabinet approves of MoU between India & Bangladesh on Aids to Navigation (See 'Top News' in TIOL) Cabinet approves IIIT Public-Private Partnership Bill, 2017 (See 'Top News' in TIOL) States get incentives to develop ease of doing business (See 'Top News' in TIOL) ASI installing machines to accept digital payments for tickets (See 'Top News' in TIOL) Monetization of Coal Bed Methane Gas - Contractors get pricing freedom (See 'Top News' in TIOL) Govt looking for consultancy agency for Single Window System for foreign trade (See 'Top News' in TIOL) CAG Audit guillotined? - Should Parliament necessarily go with GST Council? (See 'The Cob(Web)' in TIOL) Trademark Act - Suit cannot be dismissed at the admission stage without issuance of summons to other party of the suit: HC (See 'Legal Desk') SEBI Act - Self-trades constituting low fraction of total trading volume in the scrip cannot be considered as manipulative under PFUTP regulations when evidence of material market harm is absent: SEBI (See 'Legal Desk') Niti Aayog recommends disinvestment of CCI (See 'Corp Brief')


By K Srinivasan

Corporate governance concerns of India Inc

Published: Mar 14, 2017