"04 October 2016" Archive - Page 2

Competition Law: Competition Compliance Programme

An effective compliance programme includes creating awareness and imparting training to the employees who may engage themselves or are exposed to anti-competitive conducts. The programme should provide for identifying possible violations so as to take pro-active, corrective and remedial steps....

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Posted Under: Corporate Law |

Regulatory Bodies & Coordination between CCI & Sectoral Regulator

Introduction to Competition Law (Part – 5: Regulatory Bodies and Coordination between the Competition Commission of India (CCI) and Sectoral Regulator) 1. Regulatory Framework in India Before the opening up of the economy, economic activity was mainly dominated by the government-owned companies. Apart from economic activities governmen...

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Posted Under: Corporate Law |

Competition Law: Public Procurement Governments/PSUs

Introduction to Competition Law (Part – 4: Public Procurement Governments/PSUs) Public Procurement- Government/ PSUs 1. Background The Competition Act, 2002 (the ‘Act’) has been enacted with the objective of preventing practices having adverse effect on competition, promoting and sustaining competition in markets, protecting the int...

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Posted Under: Corporate Law |

Competition Law: Trade/ Industry Associations

Competition law simply enjoins the members, and their representatives at trade association meetings, to understand and appreciate the difference between legitimate association activity and anti-competitive practices....

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Posted Under: Corporate Law |

Competition Law -Consumer Associations / NGOs

The spirit of competition warrants continuous improvement in the existing market place where the efficient players push in-efficient players out of the market thereby promoting economic well-being of both the market participants and the consumers. ...

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Posted Under: Corporate Law |

Introduction to Competition Law : Basic Introduction

Introduction to Competition Law (Part – 1: Basic Introduction) 1. Introduction Capitalism has become a pervasive system worldwide. It emerged during the 17th century with the demise of mercantilism. It is basically an economic system which is based on the premise of lack of government intervention, means of production owned by private f...

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Posted Under: Corporate Law |

Simplified Proforma for Incorporating Company Electronically (SPICe)

Ministry of Corporate Affairs has taken another bold initiative in Government Process Re-engineering (GPR) and launched Simplified Proforma for Incorporating Company Electronically (SPICe) e-Form, on the occasion of Gandhi Jayanthi 2016, with the specific objective of providing speedy incorporation related services within stipulated time ...

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Posted Under: Corporate Law |

Every act of a CA cannot be termed as act in professional capacity

Council of the Institute of Chartered Accountants of India vs. Gurvinder Singh (Delhi High Court)

A CA may drive rashly and negligently and in the process may kill a human being. This conduct would be an offence, but not a misconduct for the purposes of the Act Similarly , in the instant case , the respondent was acting as an individual in his dealings with the complainant which were purely commercial. While selling the shares held by...

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Detailed analysis of Carbon Credit benefits & Role of Professionals

Carbon credits and carbon markets are a component of national and international attempts to mitigate the growth in concentrations of greenhouse gases (GHGs). One carbon credit is equal to one metric ton of carbon dioxide, or in some markets, carbon dioxide equivalent gases. Carbon trading is an application of an emi...

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Posted Under: Corporate Law |

All about GST Returns

The details of inward supplies added, corrected or deleted by the recipient in his FORM GSTR-2 under sub-section (1) of section 26 orFORMGSTR-4 under section 27 shall be made available to the supplier electronically in FORM GSTR-1A through the Common Portal and such supplier may either accept or reject the modifications made by the recip...

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