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Cos Act Amendment Bill practical, easy to implement: Yogesh Sharma

17 Dec 2014

The bill is among the first major initiatives by the government to make changes in the country’s regulatory framework to improve its global ranking for ease of doing business, where India has been ranked very low at 142nd position in the latest World Bank report.

Housing.com Raises $90m from Japan’s SoftBank

17 Dec 2014

Real estate portal Housing.com has raised $90 million in a funding round led by Japan’s SoftBank, valuing the two-year-old company at about $250 million. New investors that participated in this round include Falcon Edge and Russian billionaire Yuri Milner’s DST Global.

Lok Sabha clears changes to Companies Act to improve business climate

17 Dec 2014

The amendments propose to relax the rules for related party transactions, drop the minimum capitalisation norms and prescribe a threshold for reporting fraud by auditors. They also prescribe penalty for companies raising deposits illegally.

Cabinet clears GST Bill, may be presented in Parl soon

17 Dec 2014

The Union Cabinet late on Wednesday cleared the Constitutional Amendment Bill for Goods and Service Tax (GST), paving the way for the Bill to be presented in the Parliament in the winter session itself that concludes on December 23. The Centre and the states reached a consensus on all contentious issues earlier this week.

M&A Buzz in Auditing as New Cos’ Act Makes Smaller Firms Takeover Targets

16 Dec 2014

There’s renewed M&A activity in the Indian auditing space, thanks to the new Companies Act, which, after it comes into force in three years, will make it mandatory for Indian companies to change their auditors every 10 years.

How should firms deal with a ban|Manage the crisis efficiently: Vishesh Chandiok

15 Dec 2014

Experts talk about the steps a leader should take when faced with a possible ban on their firm’s services or products.

Reliance Capital to sell multiplex biz to Carnival for ₹700 crore

15 Dec 2014

Reliance Capital has agreed to sell the multiplex business of Reliance MediaWorks (RMW) to Carnival Cinemas for ₹700 crore, signalling further consolidation in the Indian cinema exhibition space.

Reliance Games looks to sell 26% stake to international gaming firms

14 Dec 2014

Reliance Games, the mobile gaming division of the Anil Dhirubhai Ambani-owned Reliance Entertainment Group, is looking to sell at least a 26% stake to international gaming companies to raise capital and expand its offerings, according to two people directly familiar with the development.

Companies tweaking staff contracts to manage whistle-blowers

11 Dec 2014

In this April, the Securities and Exchange Board of India asked listed companies to form a mechanism through which employees and directors can complaint about frauds, corruption, company’s code of conducts or ethical codes. But the new clauses being introduced by some companies may allow them to manage any whistle blowing.

‘Corporate governance better, women representation still abysmal’

09 Dec 2014

The representation of women on boards of top Indian companies continues to remain low even as corporate governance practices across top 150 companies have seen an improvement, says a recent report by Grant Thornton.