Corporate Law - Page 272

Blackmailers using RTI Act to blackmail builders

The dreaded extortion call from a bhai is unsettling for any construction tsar, but Mumbai’s builders are now quivering before far lesser mortals. The violations they indulge in, they gripe, are being ferreted out by a bunch of “professional complainants’’ with the help of the RTI Act, not to expose corruption, but to blackmail th...

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Posted Under: Corporate Law |

Commerce and Industry Minister may take up SEZ tax issue with Pranab

The Commerce and Industry Minister, Mr Anand Sharma, is likely to call on the Finance Minister, Mr Pranab Mukherjee, here on Friday at the latter's North Block office....

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Posted Under: Corporate Law |

Ulip Agents Commission set to fall by 6 Percent

NA (01/07/2010)

The recent changes made to unit-linked insurance plans are going to pinch the agents that sell these insurance products the most.With the new cap on the charge during the term of the policy, agents are set to see a significant 500-600 basis points fall in commissions....

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WORLD MUSIC DAY – Reminder to protect creation, originality & the Copyright Act, 1957

21st June is observed as the World Music Day (WMD) to commemorate contribution of music to human life. It coincides with the longest day of the year. Idea of celebrating this day first occurred to American musician Joel Cohen in 1976. Cohen proposed an all-night music jamboree on the summer solstice....

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Posted Under: Corporate Law |

Prime Minister rules out imposition of Tobin tax on capital inflows in the country

(29/06/2010)

Prime Minister Manmohan Singh today ruled out imposition of Tobin tax on capital inflows in the country, saying the situation in India has not not reached a problem stage....

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Posted Under: Corporate Law |

Guidance notes on recent regulatory changes related to Unit Linked Insurance Products (ulips), dated 28-6-2010

NA (29/06/2010)

Introduction:IRDA has, from time to time, taken various initiatives for protecting the interests of policyholders by bringing out Regulations, Guidelines, Circulars etc applicable to insurers and intermediaries covering the various stages in the lifecycle of an insurance product, commencing from solicitation, sale, policy servicing, to cl...

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Guidelines on Issue/Renewal of Licence to Corporate Agents

Circular No. IRDA/CAGTS/GTL/LCE/106/06/2010 (28/06/2010)

In order to streamline the system of Issue / Renewal of License to Corporate Agents, the Authority has, in addition to the Regulations and Guidelines already in force, decided to issue the following instructions under Section 14 of the IRDA Act,...

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IRDA to limit reduction in give up on ULIPs from 6th year onwards

NA (28/06/2010)

Policy holders of Unit Linked Insurance Plans (ULIPs), who wish to pre-maturely withdraw, can now be glad as their investment will soon have some protection. The Insurance Regulatory and Development Authority (IRDA) are planning to limit cut in yield from the 6th year (of the policy) beyond, according to reliable sources....

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Minority members of co-operative housing society cannot obstruct a redevelopment project

The Bombay high court has once again ruled that members of a co-operative housing society who are in minority cannot obstruct a redevelopment project and must abide by the majority decision of the society, unless they show that here is some prejudice caused to them or a fraud has been committed....

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Unrecognised union cannot be kept out in labour dispute: Bombay HC

The Bombay high court last week ruled that a labour dispute can be referred to the tribunal under the Industrial Disputes Act at the instance of an unrecognised workers’ union. In this dispute between Bharat Forge Ltd and Maharashtra General Kamgar Mahasangh, the recognised union had 800 workers at the Pune plant....

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Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc.

At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.

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