CAIT urges government to take action against Maggi brand ambassadors

Last Updated: Sunday, June 7, 2015, 18:23

The brand ambassador have given health guarantee to the public, which is not based on any adequate or scientific judgement and therefore makes them liable to face prosecution for violation of Section 24 of FSSAI Act, 2006, it added.

Right disclosures must for listed companies: Sebi chief

Last Updated: Sunday, June 7, 2015, 16:13

"But there is one element in the minds of many people that whatever we hear from the company, including the results they announce. The question that comes in the mind of the investor is are these announcements by the companies reliable? Can investors trust them?

Govt sets up panel to suggest changes to Companies Act

Last Updated: Friday, June 5, 2015, 15:53

The Corporate Affairs Ministry has already made a raft of changes to the Companies Act, 2013 -- whose most provisions came into effect from April 1, 2014 -- amid concerns raised from various stakeholders.

Govt may bring ordinance to amend Negotiable Instruments Act

Last Updated: Thursday, June 4, 2015, 15:58

To check piling up of cheque bounce cases in courts, the government is mulling an ordinance to amend the Negotiable Instruments Act, which provides for filing of such cases in place where the cheque is presented.

Government to extend full support to Posco: Tomar

Last Updated: Sunday, May 31, 2015, 12:19

In the past few months, Posco officials has been meeting Ministers and officials regarding investment in India's steel sector.

Now, Rs 2 lakh penalty for not answering tax authorities queries

Last Updated: Sunday, May 31, 2015, 10:58

The Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 provides for a minimum penalty of Rs 50,000.

NCDRC takes aim at Consumer Protection Act amendments

Last Updated: Friday, May 29, 2015, 14:22

The Consumer Affairs Ministry has proposed many changes to the current law to protect consumer rights and simplify the judicial process to ensure swift and inexpensive justice. The amendment Bill will soon be taken up for Cabinet approval.

FM for giving power to consumers to file class action suits

Last Updated: Friday, May 29, 2015, 14:03

The concept of Class Action suit was there in the Act, it has never been used. Such suits can be filed by a group of people when there is a class or category of goods which is defective and a very large number of people have been deceived by it.

Govt notifies amendments to Companies Act

Last Updated: Wednesday, May 27, 2015, 21:01

The government has notified amendments to the Companies Act, which makes it easier to do business and provides for stricter penalties for fraud cases.

Odisha governemnt responsible for Posco uncertainty: Pradhan

Last Updated: Tuesday, May 26, 2015, 18:11

The iron ore mines for the project was sent just three days before the new MMDR Act came into being, by then it was clear that mines would be allocated through auction route following modifications in the law.

Cabinet may approve BIS, Consumer Protection Acts amendments

Last Updated: Friday, May 22, 2015, 23:54

The Cabinet is likely to approve the amendments to the Consumers Protection Act and the Bureau of Indian Standards (BIS) Act, a top government official said Friday.