The Central government on 5th August introduced the Taxation Laws (Amendment) Bill, 2021 in the Lok Sabha, to repeal the Retrospective legislation on indirect transfer tax. The Finance Ministry had presented a bill to encourage greater overseas investment into India, which is being hailed as a welcome respite for firms that have long invested in […]
Introduction When an application is filed against directors of a company under section 241 of the Companies Act, 2013(CA, 2013), the rights of the investors cannot be suppressed by barring the initiation of the Corporate Insolvency Resolution Process (CIRP) under Insolvency and Bankruptcy Code, 2016 (IBC, 2016). Even in cases of multiple proceedings, if requirements […]
INTRODUCTION For any capitalist economy to survive, bankruptcy laws form an integral part of that economy. From every business be it a partnership, sole proprietorship or any limited liability company, bankruptcy laws help in the reorganization of the assorted assets of these corporations as well as the orderly dissolution of these assets. Therefore, from the […]
INTRODUCTION The White Collar Crimes are the types of crimes perpetrated, whether public or private, by respectable individuals with ideal situations. For bureaucratic entities, the surveillance and detection of fraud are practically very difficult as these activities are carried out in very much secrecy due to which these actions are neglected. Today, white-collar crime has […]
On 20th July 2021, the Supreme Court, in a huge boost to federalism, struck down portions of the 97th Constitutional Amendment, that restricted state’s exclusive control over cooperative organizations, which is a key contributor to the national economy.
Petrol prices in India crossed a century sometime back and almost half of 2/3rd of that are just Taxes. So who is responsible for this much price rise, centre or state? To answer this question, we need to understand the tax, we pay on fuel in India and reasons that can play a part in […]
If the material information about the corporation is published, resulting in negatively affecting its position in the business in which it operates, it is said to be defamed. The statements that would affect the public’s opinion about the company’s financial position are by and large thought to defame the company’s business repute.
Introduction The Prime minister and its council of ministers on June 2 approved The Model Tenancy Act, 2021(MTA)[i] by introducing a new codification of law, thereby altering the existing law. The new model act is expected to improve the existing laws. The act tries to reduce the disputes between the parties by clearly stating the […]
Foreign Contribution (Regulation) Amendment Act 2020: An Attempt To Alter The Landscape Of Foreign Donations In India INTRODUCTION The Foreign Contribution Regulations Act, or FCRA, is a law adopted by the Parliament to govern foreign contributions (particularly monetary donations) made to NGOs and other organizations in India. The act, in its consolidated version, was first […]