Ummid Assistant

Applications open for Manmohan scholarship at Cambridge

Opportunities for Indian students in US

Welcome Guest! You are here: Home » Business & Economy

Political donations: Centre clears air on foreign firms

Wednesday March 20, 2013 11:43:29 AM, IANS

New Delhi: The Delhi High Court was Wednesday told by the government that Vedanta Resources Plc and other companies, named in a petition alleging illegal foreign funding for the Congress and the BJP, are not international entities.

The home ministry, through an affidavit, informed the court that information has been obtained on the status of six of seven companies named in the petition and except for one, none of them was found to be foreign firms.

The ministry said it had collected details from the ministry of corporate affairs, foreign division, and also from the companies about their status under the Foreign Contribution (Regulation) Act.

The ministry filed the reply before a division bench of Justice Sanjay Kishan Kaul and Justice Indermeet Kaur on a plea seeking a Central Bureau of Investigation (CBI) probe into the allegations that the Congress and the Bharatiya Janata Party accepted donations from subsidiaries of the Britain-based Vedanta Group.

The bench asked both political parties to file their replies and posted the matter for July 16.

The central government said: "After perusing the records, the ministry of corporate affairs came to the conclusion that none of the companies listed in the account statements were found to have established a place of business in India..."

"... since the companies had not established a place of business in India, they did not qualify as foreign company as per the Companies Act."

Vedanta, the Madras Aluminium Co. Ltd, Hyatt Regency, Win Medicare (Pvt) Ltd, Adani Wilmar and Sterlite Industries India Ltd. are not foreign companies, whereas DOW Chemical International Pvt. Ltd. is a foreign company, the affidavit said.

It added that the ministry said information about Sesa Goa Ltd. was yet to come.

The petition filed by NGO Association for Democratic Reforms and E.A.S. Sarma, a former secretary in the central government, through advocate Prashant Bhushan, alleged that various Indian laws had been violated by the Congress and the BJP by allegedly receiving funding from Vedanta Resources.

The PIL asked the central government to "cancel the income tax exemption given to political parties and corporate groups for donations made in violation of the law of the land".




Home | Top of the Page


Note: By posting your comments here you agree to the terms and conditions of

Comments powered by DISQUS


More Headlines

Punjab drugs haul: Indian origin Briton, ex-cop held

Andhra Pradesh 2013 budget has 10.27 bn for minorities

Lok Sabha approves anti-rape bill after spirited debate

Ghassan Hitto is Syria’s provisional Prime Minister

Sena, BJP, MNS legislators assault cop in assembly premises

Omar government again seeks return of Afzal body

Mass copying in Uttar Pradesh board exams slammed

India to set up IT centre in Cairo's Al Azhar varsity

Bedlam in Kashmir assembly over Afzal resolution

Handover Ismail Yusuf College land to Muslims: Abu Asim Azmi

Amid the glitz and glamour, India's sad handloom story


Top Stories

UPA in crisis

Indian shadow on US resolution forced DMK's hand

When the final -- and revised -- US draft resolution became public knowledge, DMK patriarch M. Karunanidhi felt slighted because he had been  »

DMK pulls out of UPA, rules out outside support

Congress meets after DMK pullout; Chidambaram says govt stable


  Most Read

Egypt's Morsi wants India to join Suez Canal corridor project

Egypt Tuesday pushed for India to join its ambitious Suez Canal corridor project as Indian Prime Minister Manmohan  »

India to set up IT centre in Cairo's Al Azhar varsity

Rukshaks turn goons

Sena, BJP, MNS legislators assault cop in assembly premises

In a shocking incident, a group of MLAs today beat up a policeman who had allegedly stopped the vehicle of Vasai MLA Kshitij Thakur on the Bandra-Worli   »

Chavan assures action against legislators who attacked cop


  News Pick


Babri Masjid demolition, Gujarat riots acts of terror: Cong minister

Union Steel Minister Beni Prasad Verma on Monday said in the Lok Sabha that the demolition of Babri Masjid and 2002 Gujarat riots were acts of terrorism. His statement came when the Samajwadi Party members stalled  »

Neglected & Ignored

Amid the glitz and glamour, India's sad handloom story

It wouldn't be too hard to stick out in a simple white shirt and black pants amid a crowd of glamorous dresses, jazzy shirts, colourful trousers and high heels. Varanasi-based Badruddin   »

Prophet of Mercy

Prophet Mohammad's message of peace with roses: Students promote in US

A group of Saudi students in the United States have launched a campaign to publicize Prophet Mohammed in seven cities across the country,  »

Waqf Encroachment

Handover Ismail Yusuf College land to Muslims: Abu Asim Azmi

Maharashtra State legislator and Samajwadi Party Maharashtra Chief Abu Asim Azmi on Monday accused the state government of deceiving the Muslims and demanded handing over of the Ismail Yusuf College land to Muslims.  »


Picture of the Day

Chairperson National Advisory Council Mrs. Sonia Gandhi calling on the President of the Arab Republic of Egypt, Dr. Mohamed Morsy, in New Delhi on March 19, 2013.


Recommend the story to your friends



RSS  |  Contact us


| Quick links



Subscribe to

Ummid Assistant



Science & Technology



About us




Government Schemes










Contact us


The Funny Side

Education & Career Disclaimer | Terms of Use | Advertise with us | Link Exchange is part of the Awaz Multimedia & Publications providing World News, News Analysis and Feature Articles on Education, Health. Politics, Technology, Sports, Entertainment, Industry etc. The articles or the views displayed on this website are for public information and in no way describe the editorial views. The users are entitled to use this site subject to the terms and conditions mentioned.

© 2012 Awaz Multimedia & Publications. All rights reserved.