DGCA has issued 16,000 Remote Pilot Certificates till date: MoS (See 'Corp Brief') Use of Precision Agriculture and Technology to increase crop yield (See 'Corp Brief') IBC - Corporate Insolvency Resolution Process of Holding Company can't include subsidiary's Assets : SC (See 'Legal Desk') Govt has approved 41 Mega Food Parks & 399 Cold Chain projects: Minister (See 'Corp Brief') Aadhar-based authentication of LPG customers enables better targeting of beneficiaries: Minister (See 'Corp Brief') Misc - Code of Criminal Procedure - Courts should stay orders granting bail only in exceptional cases and very rarely should be it be done without hearing the accused (ex-parte) : SC (See 'Legal Desk') 'Rajbhasha Gaurav Samman' awarded to Vizag PSUs (See 'Corp Brief') PMLA, 2002 - Section 13(1)(e) of PC Act is not ultra vires to Section 3 of PMLA : HC (See 'Legal Desk') CCI approves acquisition by Manipal Health in Aakash Educational Services (See 'Corp Brief') SARFAESI Act - Issuance of Lookout circular can't be issued in every case of bank loan defaults leading to infringement of right to travel abroad which is fundamental right : HC (See 'Legal Desk') CCI okays acquisition of 16.12% shareholding in Shriram LI Holdings by Sanlam Emerging Markets (See 'Corp Brief') Trademarks Act - There can't exist two similar registered trademarks under Trademarks Act, 1999 : HC (See 'Legal Desk') Govt ensures environment-friendly dumping of Mine Waste (See 'Corp Brief') Biomass mixed with coal not to impact thermal plant efficiency: Research (See 'Corp Brief') SEBI Act - Violation of Section 23D of SCRA and Section 15HB of SEBI Act attract monetary penalty : SEBI (See 'Legal Desk') Coal India identifies additional First Mile Connectivity Projects (See 'Corp Brief') Trademarks Act - Section 34 articulates that registration does not confer right to interfere with or diminish rights of those who have previously used mark in commerce: HC (See 'Legal Desk') Competition Act - Mere commercial relationship between two entities ipso facto can't amount to creation of Monopoly and Abuse of dominance u/s 4 of Competition Act: CCI (See 'Legal Desk') Angel tax gone; foreign firms now taxed less (See 'Corp Brief') Copyright Act, 1957- Using musical and literary works for any advertisement without license is infringement of rights : HC (See 'Legal Desk')

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Raksha Mantri receives Rs. 224 Cr as dividend from BEL

Published: Mar 28, 2023

By TIOLCorplaws News Service

NEW DELHI, MAR 28, 2023: BHARAT Electronics Ltd (BEL), a Navratna Defence PSU, presented the second interim dividend cheque of Rs. 224,27,53,160.40/- to Raksha Mantri Rajnath Singh in New Delhi today on March 27, 2023. BEL has declared 60% percent as Second Interim Dividend (Rs. 0.60/- per share) to its shareholders for the financial year 2022 - 23.

This is the 20th consecutive year that BEL is paying Interim Dividend. BEL has paid 60% percent as First Interim Dividend (Rs. 0.60/- per share) in February 2023 to its shareholders for the financial year 2022 - 23. It has also paid a total dividend of 450% on its paid-up capital for the financial year 2021 - 22.

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