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Govt may consider reducing its stakes in PSUs from the currently mandatory 51% to 26% and yet keep effective control of management of the company, says the Survey. This could be done through an amendment to the Companies Act, which stipulates that to mark a company as a ‘govt company’, govt must have a 51%…
Mumbai: In another twist in the legal battle involving Bharat Forge chairman Baba Kalyani and his sister Sugandha Hiremath, the Bombay high court on Monday allowed Sugandha’s children to amend their lawsuit. The HC order enables them to seek a restraint on voting rights attached to shares of Kalyani Group companies that were acquired using…
All India Football Federation (AIFF) President Kalyan Chaubey (PTI Photo/Kamal Singh) Twelve Indian Super League clubs have approached the All India Football Federation with a request to modify what they call “commercially restrictive” clauses in its constitution. This request was made ahead of the Annual General Meeting (AGM) scheduled for December 20.The ISL teams, with…
The National Council (Staff Side) of the Joint Consultative Machinery (NC JCM) has written to Prime Minister Narendra Modi requesting major changes to the Terms of Reference (ToR) of the 8th Pay Commission. The letter, also marked to finance minister Nirmala Sitharaman, calls for restoring the Old Pension Scheme (OPS), revising pensions for existing retirees…
