Corporate Law - Page 272

Dept. of Commerce instructs DCs not to block transfer of used assets into SEZs and issues guidelines for SEZ development

The Department of Commerce, Ministry of Commerce and Industry has issued Instruction Nos. 65 and 66 on 27 October, 2010 and Nos. 67 and 68 on 28 October, 2010 to Development Commissioners (...

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Posted Under: Corporate Law |

Govt likely to announce FDI policy on LLPs in January 2011

The government is likely to usher in the New Year with some important policy reforms. Important foreign direct investment (FDI) policy announcements is likely to be made in January 2011, reports sources. It is learnt that FDI policy is likely to be...

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Posted Under: Corporate Law |

Insurance – Recognition of Surplus arising in non-participating funds as profit/loss in the Profit & Loss Account

CIRCULAR NO. IRDA/F&A/CIR/217/12/2010, (27/12/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II CIRCULAR NO. IRDA/F&A/CIR/217/12/2010, DATED 27-12-2010 Authority has observed that there is no uniform approach followed by the insurers for transfer of the surplus to the Profit & Loss Account. A few of the insurers are doing it on quarterly ...

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Special Economic Zones (Sixth Amendment) Rules, 2010 – Amendment in Form “C”

NOTIFICATION NO. G.S.R. 982(E) (16/12/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II NOTIFICATION NO. G.S.R. 982(E), DATED 16-12-2010 In exercise of the powers conferred by section 55 of the Special Economic Zone Act, 2005 (28 of 2005), the Central Government hereby makes the following rules further to amend the Special Economic Zones ...

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Madras HC rules that disputes on ESI coverage should be referred to ESI court only

Disputes by business and other establishments on coverage of Employees State Insurance (ESI) and/or their clubbing would have to be raised before the appropriate ESI Court u/s 75 of the ESI Act, and petitions should not be preferred directly before t...

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Posted Under: Corporate Law |

Review of steps taken by Ministry of Corporate Affairs during the calendar year 2010

The basic charter of Ministry of Corporate Affairs is to promote the growth of the Indian corporate sector through enlightened regulation. To enable formulation of enlightened regulations that provide a framework for the corporate sector and its stak...

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Posted Under: Corporate Law |

Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT& ITES SEZs

NOTIFICATION (F.5/15/2010-SEZ) (20/12/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Section 11 of the Special Economic Zones Act, 2005 – Development Commissioner – Rescission of all previous notifications appointing Director, Software Technology Parks of India as Development Commissioner of IT & ITES SEZs NOTIFICATION (F.5/15/...

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Insurance – Expenses of Management

ORDER NO. : IRDA/F&A/ORD/EMT/203/12/2010, (08/12/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II ORDER NO. : IRDA/F&A/ORD/EMT/203/12/2010, DATED 8-12-2010 On the recommendation of the General Insurance Council vide letter dated November 22, 2010, the Authority hereby exercises powers vested under the proviso to section 40C(1) of the Insurance ...

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Insurance-Committee on Commercial Motor Third Party Liability Cover

ORDER NO. IRDA/NL/ORD/MPL/212/12/2010, (17/12/2010)

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Insurance : Committee on Commercial Motor Third Party Liability Cover ORDER NO. IRDA/NL/ORD/MPL/212/12/2010, DATED 17-12-2010 1. Offering Motor third party liability cover to commercial vehicles has been a challenge for non-life insurers in view of the...

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Dismissed, convicted employee cannot claim back wages- SC

Corp. Mithilesh Kumar @ Mithilesh Singh Vs Union of India & Ors. (Supreme Court of India)

A person who was convicted for an offence and removed from service cannot claim backwages even if he was acquitted later, the Supreme Court ruled in the case, Corp Mithilesh vs Union of India. Merely because he is acquitted, he is not entitled to backwages and other consequential benefits, the court said....

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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.