Lakshmi Kumaran & Sridharan AttorneysAn ISO 9001 / 27001 certified law firm

Corporate Amicus: January 2012

Article in this issue of "Corporate Amicus" discusses, categorization of Micro Finance Institutions as Non Banking Financial Company and the benefits flowing out of it. Share holders meeting by video conferencing is now not mandatory as before and 100% FDI, under government approval route, has been permitted in single brand retail trading. SEBI has asked all stock exchanges to constitute Investor Grievance Redressal Committee (IGRC) at every investor service centre. Case law portion of this Amicus covers judgment of Supreme Court of India holding that remedy under Consumer Protection Act is in addition to any other statutory remedy. "News Nuggets" covers Competition Commission order ruling out existence of anti-competitive conduct by Indian domestic airlines.

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