Legal

NCLT admits Viacom18-Disney Star merger scheme

SportzPower Team
May 17, 2024 11:05

The merger scheme between Reliance Industries Limited’s (RIL) Viacom18, its wholly owned subsidiary Digital18 and The Walt Disney Company’s Star India has been admitted by the Mumbai bench of the National Company Law Tribunal (NCLT). In an order passed on May 7, Viacom18, as part of internal restructuring, has proposed to transfer the various businesses conducted by it into its wholly-owned subsidiary, namely Digital18. Viacom18 proposed to be the holding company for the various businesses.

Mar 06, 2018 11:03
Ranji Trophy players yet to receive BCCI share of fees for two seasons
MUMBAI: Ranji Trophy players have not received match fees ranging from Rs 1.2-1.5 million per season for the last two years because the Committee of Administrators (CoA) running the BCCI and some state units cannot see eye-to-eye on implementing reforms suggested by the Supreme Court. A new payment plan being worked on by the CoA is also reason for the delay, the Indian Express reports.
Mar 06, 2018 11:03
Supreme Court seeks government’s reply on PIL to remove BAI president
NEW DELHI: The Supreme Court has sought the Centre’s response on a PIL seeking removal of Assam minister Himanta Biswa Sarma from the post of president of the Badminton Association of India (BAI), which draws attention to the fact that his appointment was in violation of the apex court order that a minister or a public servant cannot become an office bearer in a sports body.
Mar 05, 2018 17:03
IFAB clears VAR for 2018 Fifa World Cup
ZURICH: The International Football Association Board (The IFAB) unanimously approved the use of video assistant referees (VARs) for the upcoming World Cup in Russia at its 132nd annual general meeting (AGM) that took place at FIFA’s headquarters here Sunday.
Mar 03, 2018 15:03
ITF brings Sportradar’s Integrity Services on board
LONDON: The ITF Friday announced the addition of Sportradar’s Integrity Services to its integrity protection measures. As an extension of its current partnership with the ITF, Sportradar will use its Fraud Detection System to monitor betting patterns across more than 50,000 ITF Pro Circuit tennis matches.
Mar 01, 2018 17:03
IOC restores Russia's Olympics membership
LAUSANNE: The International Olympic Committee (IOC) confirmed on Wednesday that it had reinstated Russia after the remaining tests of the country's athletes at the Pyeongchang Winter Olympics were all returned negative.
Mar 01, 2018 13:03
lalit modi
BCCI officials to be cross-examined in Lalit Modi FEMA violation case
MUMBAI: The Bombay High Court has allowed representatives of the Board of Control for Cricket in India (BCCI) to be present during the cross-examination of their erstwhile top officials by former IPL Commissioner Lalit Modi's counsels in an alleged case of violation of the Foreign Exchange Management Act (FEMA).
Feb 28, 2018 15:02
cricket
CoA set to announce player contracts
MUMBAI: The Supreme Court-appointed Committee of Administrators (CoA) will soon be announcing players' contract for men and women cricketers.  The men's players' contracts will be put in place before the Indian team leave for the Nidahas Trophy, a T20 tri-series against Sri Lanka and Bangladesh which will be played from March 6 to 18 in Colombo, Mid-Day reports.
Feb 22, 2018 10:02
baseline ventures
Baseline seals deal with VFI; targets Oct launch for volleyball league
MUMBAI: The Volleyball Federation of India (VFI) Wednesday announced a ten-year partnership with sports marketing and branding firm Baseline Ventures to promote and build Indian volleyball.  The agreement was concluded on the sidelines of the 66th Senior National Volleyball Nationals at Calicut with the core committee of the VFI in attendance. 
Feb 21, 2018 15:02
Supreme Court postpones hearing on Lodha implementation
NEW DELHI: The Supreme Court has postponed the hearing on February 23 which was scheduled to study the implementation of reforms in the Board of Control for Cricket in India (BCCI).
Feb 21, 2018 15:02
Kohli considers pulling out of PNB endorsement deal
MUMBAI: With a high profile fraud hitting Punjab National Bank (PNB), its brand ambassador, Virat Kohli, might pull out of the endorsement deal. The Indian cricket team captain was signed up by PNB in 2016. But now, with the disclosure of a Rs 114-billion fraud case, Kohli would like to disassociate himself before he comes under fire for promoting the bank. 
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