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Latest Articles in abraham c mathews

Between The Lines

The Ministry of Corporate Affairs (MCA) has been on an overdrive. Till June-end, it had already made four modifications and issued 18 clarifications to the Companies Act 2013 — a legacy of the UPA government. The changes, some yet to be approved, have been lapped up by industry.

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The Indian Cash Cow

If it were a murder, it would have been the perfect murder. It was quick and quiet. In February, while India’s corporate governance vigilantes obsessed over Maruti and its deal with Japanese parent Suzuki, Alstom Transport India, a wholly owned subsidiary of French engineering major Alstom, bought out the transportation division of Alstom India, another arm of Alstom. The division was sold for Rs 176.9 crore, a figure far lower than the division’s sales for the previous 12 months, leaving minority shareholders of the Indian arm high and dry.

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Judicial Reform A Must

Of all the UPA’s perceived sins, its shunning of investment was probably the unkindest cut of all. Take, for example, the Vodafone tax case. Did it achieve anything? Investors still protest the unfairness of using a retrospective amendment to over-rule a Supreme Court verdict that went against the government. Abraham C. Mathews speaks to Cyril S. Shroff, managing partner, Amarchand Mangaldas, to get an idea of what the government should do on priority in terms of sending the right signals.

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