Monday, December 21, 1998
Debentures are now movable property
The recent Companies (Amendment) Ordinance 1998, while has brought several long-awaited changes, has also been the source of problems. Several changes such as those relating to buy-back of shares, inter-corporate loans and investments, sweat equity and accounting standards have already been widely discussed.
VSNL's buyback a good move
The fact that the government has chosen to make the offer for sale of a part of its stake after a buyback of shares is a very sensible thing to do under the circumstances.
Unchaining PSUs
The government has decided to disinvest 25% equity in public sector petrochemicals bluechip IPCL but has postponed disinvestment in SAIL.
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