Just a moment...

Top
FeedbackReport
×

By creating an account you can:

Logo TaxTMI
>
Feedback/Report an Error
Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
    Civil society forum protests ICICI Bank’s minimum balance hike in savings accounts, writes to govt
    Asian shares advance ahead of Trump's deadline for imposing higher tariffs on Chinese goods
    New Data Debunks Cat Food Myths with Veterinary Support on International Cat Day
    WORLD’S YOUNGEST PARAGLIDING PILOT SAESHA MANGESH RAUT MAKES HISTORY WITH ENTRY INTO HIGH RANGE WORLD RECORDS
    Co-writing the Poetry of Speed and Culture: CTCC Ordos race Concludes Successfully
    NEWS SCHEDULE
    Foreign News Schedule for Aug 11, Monday
    Markets trade higher in early trade amid fresh foreign fund inflows, rally in US peers
    Rupee rises 8 paise to 87.50 against US dollar in early trade
    Pak Army chief Munir repeats anti-India rhetoric in US
    Secretary Expenditure Shri V. Vualnam presides over the Foundation Day celebration of Indian Cost Accounts Service (ICoAS) Day 2025 in New Delhi
    Trump yet to decide on tariffs over China’s Russian oil purchase: Vance
    Kalyan civic body's order for closure of meat shops on Independence Day sparks row
    Important cases listed in Supreme Court on Monday
    Centre's advertising budget up by 84% since 2020-21: TMC quotes official data
    Netanyahu defends new military offensive in Gaza and says it will be wider than announced
    Netanyahu defends new military offensive in Gaza, says it will be wider than announced
    UP: 19-year-old man arrested for kidnapping, raping, forcing Hindu girl to convert
    Delhi-bound Air India flight gets diverted to Chennai after snag
    Row over Kalyan civic body ordering closure of meat shops on Independence Day

Are you sure you want to delete "My most important" ?

NOTE:

News

Back

All News

Showing Results for : Category : All
Reset Filters
Showing
Records
ExpandCollapse

    News

    Back

    All News

    Showing Results for : Category : AllReset Filters
    Case ID :
    Corp. Laws, SEBI & IBC

    Disinvestment of 5 percent paid-up capital in Oil & Natural Gas Corporation Ltd. out of Government of India shareholding

    September 11, 2014

    📋
    Contents
    Summary
    Note

    Note

    Note

    Bookmark

    print

    Print

    The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, approved the disinvestment of 5 percent paid-up capital in Oil & Natural Gas Corporation Ltd. (ONGC) out of the Government of India’s shareholding of 68.94 percent.

    This would further broad base the shareholding of the Company and would enhance disinvestment receipts.

    Background:

    ONGC is a "Maharatna" public sector undertaking under the administrative control of the Ministry of Petroleum & Natural Gas. It was established in August, 1956 to plan, promote, organize and implement programmes for development of petroleum resources and the production and sale of petroleum products by it.

    The paid-up equity capital of the company, as on 31st March, 2014 is ₹ 4277 crore. The President of India holds 68.94 percent of the paid up capital in ONGC. In accordance with the Government of India`s disinvestment policy, the Government has decided to disinvest 5 percent paid-up equity in ONGC, out of its equity capital holding of 68.94 percent through Offer for Sale (OFS) method in the domestic market as per Securities and Exchange Borad of India (SEBI) Rules and Regulations. After this disinvestment, the Government of India’s shareholding in the company would come down to 63.94 percent.

    Topics

    ActsIncome Tax