Free Press Journal
  • cyrus-mistry-1477313136

    NCLAT to hear Mistry pleas on May 4

    New Delhi : The National Company Law Appellate Tribunal will hear on May 4 maintainability of ousted Tata Group chairman Cyrus Mistry’s petition alleging “mismanagement and oppression of minority” at Tata Sons, along with waiver of shareholding requirement rules.

  • SC exempts Samsung CEO from personal appearance before court

    New Delhi: The Supreme Court on Thursday granted exemption from personal appearance to Samsung Electronics Chairman Lee Kun-hee in criminal cases, including one filed by Indian firm JCE Consultancy against him for allegedly cheating it of  $ 1.4 million. A bench, comprising Justices P C Ghose and R F Nariman, also ordered transfer of as many as three criminal cases, pending against 75-year-old Lee, from Uttar Pradesh to a magisterial court at

  • ONGC makes 23 oil and gas finds

    New Delhi : State-owned Oil and Natural Gas Corp (ONGC) made 23 oil and gas discoveries in the fiscal year ended March 31 as a record number of wells drilled helped it uncover new reserves.

  • You can withdraw EPF for treatment without doctor certificate: Official

    New Delhi : Over four crore members of the retirement fund body EPFO can now withdraw funds from their EPF account for treatment of illness and purchasing equipment to deal with handicap without medical certificates. The Employees’ Provident Fund Scheme 1952 is amended to do away with the requirement of submission of various certificates and proformas for seeking advance for treatment of illness and purchasing equipment required in case of physical disabilities. Now,

  • HUDCO’s IPO to hit market on May 8

    Mumbai : State-owned housing and urban infrastructure finance company, Housing and Urban Development Corporation (HUDCO) is likely to raise around Rs 1,200 crore through initial public offering (IPO). The capital raised will go to the government’s kitty as it is divesting almost 10 per cent of its shares. The price band is Rs 56 –Rs 60 per share.

  • Consumers can now buy ‘digital gold’ using Paytm

    New Delhi  : Alibaba-backed Paytm has partnered with MMTC-PAMP to launch ‘Digital Gold’ that will allow customers to buy and sell gold through the electronic platform.

  • PSUs to invest Rs30,000 cr to revive 4 fertiliser plants

    New Delhi  : Cash-rich coal, power and oil PSUs will jointly invest about Rs 30,000 crore to revive four mothballed fertiliser plants by 2020-21 to make India self- sufficient in urea production and cut imports. Besides investing in rebuilding the shut urea plants at Gorakhpur in Uttar Pradesh, Sindri in Jharkhand, Talcher in Odisha and Barauni in Bihar, about Rs 13,000 crore is being invested in laying a gas pipeline to connect

  • Dilip-Rath

    ‘Producer companies following ethos of producer co-operatives’ – Dilip Rath, chairman, NDDB

    A producer company is a business enterprise registered under the provisions of Part IX A of the Company Act. It is run on the basis of Mutual Assistance Principles, largely the same as the cooperative principles adopted by the International Cooperative Alliance (ICA). They include voluntary membership, voting rights independent of shareholding, an elected board, distribution of surplus on patronage basis, limited dividend, education of own members and co-operation with other organisations.