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        Corp. Laws, SEBI & IBC

        Inquiry into Wal-Mart’s Lobbying Activities

        March 4, 2013

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        A Committee, under Shri Justice Mukul Mudgal, former Chief Justice of Punjab and Haryana High Court has been constituted, vide Resolution dated 31.01.2013, with the following Terms of Reference:

        (i) To inquire into recent media reports on disclosures of Wal-Mart before the US Senate regarding their lobbying activities and details thereof.

        (ii) Whether Wal-Mart undertook any activities in India in contravention of any Indian law. (iii) Any other matter relevant or incidental to the above.

        Giving this information in written reply to a question in the Rajya Sabha today, Shri Sachin Pilot, Minister of Corporate Affairs, said that the Committee is to submit its report within 3 months from issuance of the above Resolution.

        KKP/sk

        (Release ID :92985)

        Inquiry into lobbying activities: committee to examine Wal Mart disclosures and assess possible violations of Indian law. A fact-finding committee was constituted to inquire into Wal Mart's disclosures about lobbying activities before the US Senate, to assess whether Wal Mart undertook any activities in India in contravention of Indian law, and to consider any related matters; the committee must submit a report within the three-month timeframe specified in the constituting resolution.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Inquiry into lobbying activities: committee to examine Wal Mart disclosures and assess possible violations of Indian law.

                                A fact-finding committee was constituted to inquire into Wal Mart's disclosures about lobbying activities before the US Senate, to assess whether Wal Mart undertook any activities in India in contravention of Indian law, and to consider any related matters; the committee must submit a report within the three-month timeframe specified in the constituting resolution.





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