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Govt wants industry to trade in CSR18-NOV-09
Union Minister for Corporate Affairs Salman Khurshid has asked the industry to propose a corporate social responsibility (CSR) system that rewards the industry.
CEO pay: Khurshid leaves it to the board17-NOV-09
Making it clear that it does not want to play the regulator by intervening in executive remuneration, the government today said the board is the appropriate body for it, but opined it needs to be ensured that such decisions are taken democratically.
SFIO to begin probe into Satyam soon: Khurshid16-NOV-09
The government today said the Serious Fraud Investigation Office (SFIO) will begin prosecution into the Satyam scam this month.
M&A law impact on ongoing mergers to be minimal: MCA10-NOV-09
The Ministry of Corporate Affairs will ensure that the notification of Sections 5 and 6 of the Competition Act, which pertain to mergers and acquisitions (M&As), will have minimal impact on the ongoing merger or acquisition deals.
Merger norms of CCI Act would benefit industry: Khurshid06-NOV-09
The government today expressed its commitment to make it mandatory for companies to seek anti-monopoly watchdog Competition Commission of India's (CCI) approval for mergers and acquisitions (M&A), saying the move would benefit India Inc.
SFIO will continue Satyam probe: Khurshid05-NOV-09
The Serious Fraud Investigation Office (SFIO) will continue its investigation into alleged corporate law violations by Satyam founder B Ramalinga Raju but other agencies would probe breaking foreign exchange rules, Corporate Affairs Minister Salman Khurshid said today.
'No cap on CEO's salaries in new Companies Bill'05-NOV-09
Minister of State for Corporate Affairs Salman Khurshid said today here that the government did not try to control salaries of the CEOs, as it should be decided by the shareholders.
Govt orders audits of IT firms for possible STPI Act violations19-OCT-09
The principle suspicion is that several companies have claimed tax breaks on software exports without actual service delivery, prompting the Ministry of Corporate Affairs (MCA) under Salman Khurshid to take action to prevent Satyam-like frauds from recurring.
Mukesh's decision to take pay cut commendable: Govt17-OCT-09
The government today lauded RIL chief Mukesh Ambani's decision to take a pay cut and said the industrialist had shown a “remarkable sensibility” towards the prevailing scenario with this voluntary step.
Mukesh's decision to take pay cut commendable: Khurshid16-OCT-09
The government today lauded Reliance Industries (RIL) chief Mukesh Ambani's decision to take a pay cut and said that the industrialist has shown a "remarkable sensibility" towards the prevailing scenario with this voluntary step.
Setting 'example', Mukesh takes pay cut16-OCT-09
Reliance Industries (RIL) Chairman Mukesh Ambani has decided to take a big pay cut. His pay for 2008-09 has come down by 66 per cent, or nearly two-thirds, to Rs 15 crore from Rs 44 crore in the previous year.
Blame it on Bollywood15-OCT-09
Call it the Bollywood effect. At his press conference in Mumbai during the election campaign, Corporate Affairs Minister Salman Khurshid repeatedly gave film references. When someone alleged the Congress party had given very few seats to Muslim candidates and could be accused of neglecting the community, Khurshid recited lines from the famous Anand Bakshi song from the movie Amar Prem, “Kuchh to log kahenge, logon ka kaam hai kehna” (people will say something, that’s their job). After a few minutes, a chit was passed on to him saying that Minister of State in the Prime Minister’s Office Prithviraj Chavan had arrived for the next press conference. Khurshid wrapped up his press meet while saying, “This was just the matinee show. Now the evening show will start.
MCA studies global models to keep banking out of CCI's purview14-OCT-09
The Corporate Affairs Ministry is studying international models to examine whether mergers and acquisitions (M&As) in the banking sector could be kept out of the Competition Commission's purview.
CEO salaries: One has to pay talent, says Ficci12-OCT-09
Amid the raging debate over high CEO salaries, industry chamber Ficci's President Harsh Pati Singhania today said if talent is to be  attracted one has to pay for it and that in most cases they are "within limits".
Banks may be kept out of CCI ambit12-OCT-09
The government would examine the possibility of keeping banking and shipping sectors out of the purview of the Competition Commission of India, Corporate Affairs Minister Salman Khurshid said.
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