Sahara chief Subrata Roy, other directors to appear in court on February 26 as per Supreme Court orders

A Supreme Court bench of justices K S Radhakrishnan and J S Kheharshowing dissatisfaction on the Sahara group for not repaying rupees 20,000 crore of investors money despite its order, besides permitting SEBI to go ahead with the sale of companies’ properties, summoned its chief Subrata Roy to be personally present before it.The apex court also directed Ravi Shankar Dubey, Ashok Roy Choudhary and Vandana Bhargava, directors of its firms, Sahara India Real Estate Corp Ltd (SIREC) and Sahara India...

No use of word National, Bank & stock exchange in the names of Companies/LLPs

Taking a note of the instances where private entities are using the word 'National' in names while setting up companies or LLPs, the Corporate Affairs Ministry has come up with a latest move by stating that companies and limited liability partnership firms floated by private entities should not use the word 'National' in their names. Likewise, the Ministry has said only after no-objection certificates are received from concerned sectoral regulators, that words such as 'Bank', 'Stock Exchange'...