Company Law Board

The rules for the National Company Law Appellate Tribunal have also been notified by the Corporate Affairs Ministry.

Govt notifies constitution of National Company Law Tribunal

With the constitution of the NCLT, the Company Law Board constituted under the Companies Act, 1956 stands dissolved.

SC stays CERC order on FTIL stake transfer in IEX

Financial Technologies, which is also the promoter of IEX, had claimed that the CERC order is in violation of the Company Law Board's directive which has put a freeze on any sale of assets by FTIL.

Brokers must put money for resolution plan to work: FTIL

The Company Law Board on Thursday adjourned the hearing on the MCA petition to supersede the board of Financial Technologies till April 17

FTIL will file rejoinder to CLB on MCA's petition: Chairman

Speaking exclusively to CNBC-TV18, Venkat Chary, Chairman, FTIL, termed the government allegations at the Company Law Board as frivolous and baseless.

EOW arrests 3 brokers in NSEL case

Earlier in August last year, EOW had arrested seven borrowers in the Rs 5600-crore NSEL scam. Prior to that, it had arrested 11 people; the last was Financial Technologies chief Jignesh Shah and Shreekant Javalgekar, managing director and chief executive of Multi Commodity Exchange.

FTIL opposes MCA petition to supersede its board

The Board also resolved that, since the company's four legal suits are sub judice - including representative suit, fit & proper and writ petition filed opposing amalgamation of NSEL with FTIL - "the petition by MCA is inequitable to seek replacement of the entire Board.

Maruti minority shareholder nod needed if no deal by Apr 1

The Companies Act can help minority shareholders‘ in Maruti case, but they do not get a say until SEBI or Company Law Board intervenes.

Vikram Bakshi challenges termination by McDonalds

On December 13, Vikram Bakshi had filed an application with the Company Law Board (CLB) challenging McDonald Corporation's decision to terminate its 50:50 JV with Bakshi's firm Connaught Plaza Restaurants (CRPL).

Unitech wins block on Uninor asset sale plan

Unitech blocked a bid by Telenor to buy out assets and rebuild the joint venture which is being stripped of its operating licence.

Uninor to challenge CLB order in a higher court

Telcom company Uninor today said it will move a higher court against the Company Law Board (CLB) order that stopped it from auctioning its assets.

CLB stops Uninor from auctioning its asset

The Company Law Board today stopped telecom operator Uninor from auctioning its assets.

HC modifies CLB order on Telenor-Unitech row

The Delhi High Court today modified a Company Law Board (CLB) order and allowed Uninor to receive till August 8 the expressions of interest (EoI) from bidders interested in purchasing the telecom major, a joint venture of Norwegian firm Telenor and Unitech Group.

Unitech moves CLB against Uninor plans of selling India biz

A day after Norway's Telenor-controlled Uninor put India telecom business on auction, real estate firm Unitech today approached the Company Law Board (CLB) seeking a stay on selling the business in which it owns a third of the stake.

HC asks Unitech to respond to plea of Telenor

The Delhi High Court today asked Unitech Wireless (Tamil Nadu) Pvt Ltd to respond to its estranged partner Telenor Asia Pte Ltd's plea against the Company Law Board's decision, which has allowed them to settle their dispute over control and transfer of their assets through arbitration.

House Fin panel clears Companies, Benami Transaction bills

The Parliament Standing Committee on Finance has cleared the much-awaited Companies Bill and Benami Transaction Bill.

CLB refers Unitech, Uninor dispute to arbitration

In a set back to Norwegian firm Telenor, the Company Law Board today allowed its estranged partner Unitech's plea for settling dispute over control and transfer of assets of their joint venture Uninor through arbitration at Singapore.

Unitech closes 4.42% up after winning case against Telenor

Shares of Unitech surged over 6% in trade on Thursday after CNBC-TV18 reported that the real estate developer has won a case against its JV partner Telenor in Company Law Board (CLB).

Unitech seeks arbitration in JV dispute with Telenor

Unitech Ltd on Friday sought the Company Law Board's approval to move a case on a dispute over their telecoms joint venture with Norway's Telenor to an arbitration panel, potentially escalating the row.

Unitech wants more money to part with Telenor

Unitech has expressed its willingness to exit the JV with Telenor, as long as its return-on-investment is protected and assured, reports CNBC-TV18’s Malvika Jain.

Uninor case: CLB asks Unitech to buy Telenor stake or exit

The Company Law Board (CLB) today asked real estate firm Unitech to decide by March 19 if it wants to buy its JV partner Telenor's 67% stake in Uninor or sell its 33% stake to the Norwegian telecom firm.

Telenor approaches India Company Law Board over JV row

Norway's Telenor said it has approached India's Company Law Board to prevent any "wrongful obstruction" of its effort to secure its Indian investments.

Margin pressure to stay; 40% jump in '12 rev: Bhushan Steel

Managing Director of Bhushan Steel & Strips Neeraj Singal says that even though he expects a 40% increase in revenues this fiscal, margins will continue to remain under pressure.

Lilliput investors may approach company law board: Sources

Sources indicate that Lilliput investors may have to approach the company law board and may seek to enforce a fresh audit demand, reports CNBC-TV18's economic policy editor Siddharth Zarabi.

Unitech drags foreign partner Telenor to CLB

Real estate major Unitech Group has dragged its telecom parter Telenor to the CLB alleging mismanagement in operations of the joint venture by the Norwegian partner, giving another twist to the already strained relation between them.