"January, 2010" Archive - Page 21

Application of certain provisions of Companies Act, 1956 to LLP

Through the Notification No. G.S.R.6(E) dated 6th January, 2010, the Central Government in exercise of powers conferred by sub-section (1) of section 67 of Limited Liability Partnership Act 2008 (6 of 2009), made applicable the provisions of sections 441, 443, 445, 446, 448, 450, 451, 453, 454, 455, 456, 457, 458, 458A, 460, 463, 464, 465...

Read More
Posted Under: Corporate Law |

Assignee liable for deficiency in service for insurance policy lapsed as a result of non-payment of premium in time

Assignee of a policy holder would be liable for deficiency in service if an insurance policy lapsed as a result of non-payment of premium in time, the National Consumer Commission has held. The apex consumer body held the Employment Provident Fund Commissioner (EPFC) responsible for deficient service for failing to deposit the premium of ...

Read More
Posted Under: Corporate Law |

State Govt. PSUs do not need COD approval

M/s. Shivshahi Punarvasan Prakalp Ltd. Vs. Union of India & Ors. (Bombay High Court)

The assessee is a State Govt. undertaking. Its appeal was dismissed by the Tribunal on the ground that the approval of the Committee on Disputes (“COD”) had not been obtained. In a writ petition filed by the assessee, the Additional Solicitor General appearing for the revenue stated that it was not the contention of the revenue that C...

Read More

FDI hub in China

China has been the first nation to come out of the dark clouds of recession. In my past articles I have tried to depict a picture of the Chinese economy as well as draw correlation with our Indian economic growth. We have seen Chinese economic growth from all sectors some correlated with Indian economic growth....

Read More
Posted Under: Corporate Law |

DGFT notification on amendment in Chapter 3 of FTP regarding Para 3.13.2, 3.14.2, 3.15.2 & 3.15.3

Notification No. 25/2009-14 15/01/2010

In exercise of powers conferred by Section 5 of the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) read with Para 1.3 of the Foreign Trade Policy (FTP), 2009-14, the Central Government hereby makes the following amendment in Foreign Trade Policy:...

Read More

Banks likely to request RBI to lower interest rate on savings accounts

Lenders are likely to ask RBI to lower interest rate on savings accounts to enable them to comply with the new directive requiring interest rates on these accounts to be calculated on daily balances. Interest rates on savings accounts are determined by the regulator are presently fixed at 3.5%....

Read More
Posted Under: Corporate Law | ,

Amendment in HBP-V1-Additional items-markets for incentives under chapter-3 schemes -Admissible date of Export/Period

Public Notice No. 34/2009-14 15/01/2010

In Appendices 37A, 37C, and 37D, the following is added after the existing note(s).“Note for Admissible Date of Export/ Period: The admissible date of export for claiming benefits is 27.8.2009, unless a specific date of export / period is specified by public notice/notification....

Read More

Oracle India challenge special audit direction by income tax department in Delhi high court

Oracle India has approached Delhi High Court challenging the order of the government which had asked it to undertake a special audit of the tax returns filed by the IT firm. In its petition, Oracle India, a subsidiary of global IT firm Oracle Inc, requested the court to stay the direction passed by the Income Tax Department which had on D...

Read More
Posted Under: Corporate Law |

CBDT will make assessments more transparent

Individuals as well as corporates may have fewer occasions to meet the taxmen in future. The Central Board of Direct Taxes (CBDT) is thinking of putting in place a system in which taxpayers do not meet the assessing officer or any tax official for routine assessments. In the system being envisaged by the country’s tax regime, the tax pa...

Read More
Posted Under: Corporate Law |

Drafting Articles of Association?

“Section 26. There may be in the case of public company limited by shares and there shall in the case of an unlimited company or a company limited by guarantee or a private company limited by shares, be registered with the memorandum, articles of association signed by the subscribers of the memorandum, prescribing regulations for the Co...

Read More
Posted Under: Corporate Law |

Search Posts by Date

August 2021
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031