Delhi HC upholds move to revoke ByCell’s UASL

By a separate communication in the same month,the Foreign Investment Promotion Board (FIPB),also withdrew the security clearance given to ByCell for offering mobile telecom services in Assam,Bihar,Orissa,West Bengal and Northeast circles.

The operator’s licence was cancelled in the wake of the Home Ministry’s concerns about ByCell’s shareholding structure and its source of funding and the lack of clarity about the company.

Create own brand in corporate governance: Singh to India Inc

New delhi: Minister of State for Corporate Affairs RPN Singh has said that India Inc must work towards establishing its own brand in areas of good corporate governance practices to mark their presence across the globe. In fact,the efforts should be seen as genuine,effective and reliable that may eventually act as a catalyst for enhancing their image,he said while delivering a lecture on the ICSI foundation day.

He said that several factors like legal and regulatory environment,emergence of new forms of corporate entities like Limited Liability Partnership and One Person Company are new forms of corporate entities providing alternative forms of business entities to the entrepreneurs and they will boost the corporatisation of the Indian business and governance.

“As per the India Vision 2020 report of the Planning Commission,the overall process of governance will be greatly improved by making government agencies of all types at all levels more responsive,” he added.