The word ‘tort‘ is a French translation of the word ‘wrong.’ The word tort comes from the Latin word Tortum, which means ‘torture.’ As a result, the word ‘tort’ simply means ‘wrong.’ However, not every wrongdoing or wrongful conduct is a tort. The tort is a type of civil wrong that differs from criminal wrong. […]
Advancing Loan/ Giving Guarantee, providing Security in connection with a loan to director or person in whom director are interested. In accordance with the provision of Section 185 of Companies Act, 2013, Save as otherwise provided in this Act, a Company shall not, directly or indirectly, advance any loan, including any loan represented by a […]
Get ready for scrutiny of GST returns for 2017-18 and 2018-19. CBIC issues instructions as CGST begins audits. Stay prepared for potential queries.
As per Reserve Bank of India (RBI) data, total FDI inflow of US$ 74.01 billion has been reported in calendar year 2021 compared to US$ 87.55 billion in calendar year 2020.
The import of toys, games, sports equipment from China is showing a declining trend. The imports of these products from China have reduced from 451.71 USD million in 2018-19 to 206.11 USD millions in 2021 (from April 2021 to Jan 2022).
Export Promotion Government is encouraging and promoting Indian exports in international markets and initiate suitable interventions from time to time. The key schemes/interventions taken are: 1. Market Access Initiative (MAI) Scheme provides assistance to Export Promotion Organizations/Trade Promotion Organizations/National Level Institutions/ Research Institutions/Universities/Laboratories, Exporters etc., for enhancement of exports through accessing new markets or through […]
Commercial Courts Act, 2015 has been enacted to deal specifically with commercial disputes in India. It was amended in 2018, providing for constitution of commercial courts at the district level and Commercial Division in all High Courts.
Currently 146 Central approvals across 21 Ministries/ Departments are enabled to be applied through the NSWS portal. 14 States’/UTs’ Single Window Systems have been linked with the NSWS Portal thereby providing access to approvals of these States/UTs to be applied through a single login id. All concerned Ministries and Departments of the Central Government and States have been requested to integrate their approval processes with the NSWS.
In order to curb opportunistic takeovers/acquisitions of Indian companies due to the COVID-19 pandemic, Government amended the FDI policy vide Press Note 3(2020) dated 17.04.2020 whereby an entity of a country, sharing land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any […]
Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue has exempted sellers of specified handicraft goods made by craftsmen from obtaining compulsory registration under GST Act, thus enabling collaboration between small businesses and e-commerce platforms.
