Posted on August 17th, 2011 by sushmita
Category: Companies Act, Law News, Legal News, Tags: Consumer Protection Act, Indian government, Law News
India to amend consumer protection law
New Delhi, Aug 17 The Indian government plans to amend the 25-year old Consumer Protection Act to make it more effective in the changed social and economic environment, Minister of Consumer Affairs, Food and Public Grievances K.V. Thomas said Wednesday.
The government is considering further amendments in Consumer Protection Act, 1986 to make it more vibrant and effective, Thomas said after inaugurating newly constructed building of Consumer Dispute Redressal Commission here.
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Posted on August 17th, 2010 by vakil
Category: Companies Act, Law News, Tags: Government Companies, statutory auditors
Appointment of Auditors of Government Owned Companies
The Government has said statutory auditors for Government Companies are appointed by the Comptroller & Auditor General of India (C&AG) in exercise of the powers conferred under section 619(2) of the Companies Act, 1956 as amended vide Companies (Amendment) Act, 2000. For this purpose, a panel of firms of Chartered Accountants is maintained by the C&AG by inviting applications ‘on line’ every year from the eligible firms of Chartered Accountants. Giving this information in written reply to a question in the Rajya Sabha today Shri Salman Khurshid, Minister of Corporate Affairs, said that the eligibility criteria determined is displayed on the website of the C&AG of India i.e. www.cag.gov.in. The panel so formed is used for selection of statutory auditors of public sector undertakings for the ensuing financial year.
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