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CCI order investigation against IREL (India) for alleged abuse if its dominant position

October 21, 2022 1158 Views 0 comment Print

Beach Mineral Producers Association Vs IREL (India) Ltd (Competition Commission of India) The Commission notes that, until 1988, beach sand mining was restricted to the public sector owing to coexistence of monazite, a heavy mineral used for the production of thorium. Realising the untapped potential in the beach sand minerals sector, the Department of Atomic […]

Collective dominance is not recognised under Competition Act, 2002

October 21, 2022 501 Views 0 comment Print

Competition Commission notes that allegations of Informant pertain to collective dominance by OPs, which is not recognised under Competition Act, 2002

IRDAI forms Committee to study & recommend on Bima Vahak and Bima Vistaar

October 21, 2022 1875 Views 0 comment Print

Latest developments in the technology like Artificial Intelligence (AI)/ Machine Learning (ML) can be gainfully utilized by creating a digital platform to reach the last mile.

Processing Death Claims where Nomination is changed post death of NPS Subscribers

October 20, 2022 894 Views 0 comment Print

Nomination can be made only by the subscriber. However, there are special provisions enabled as per exit regulations for treating the nomination as made in the service records to protect the interest of the subscribers who were employed and covered under NPS through their employers.

Option to allocate 75% of NPS subscriber’s contribution in Asset Class E (Equity) in Tier-I – Reg.

October 20, 2022 864 Views 0 comment Print

PFRDA to allow option to allocate 75% of subscriber’s contribution in Asset Class E (Equity) in Tier-I under active choice without any conditions of tapering from the age of 51 years.

Special treatment cannot be given to any corporate entity in any CIRP: IBBI

October 20, 2022 966 Views 0 comment Print

DC notes that there cannot be an exceptional or special treatment to any corporate entity in any CIRP. While reinforcing the rule of law, every company is to be given the same level playing field, irrespective of its size or the influence of people behind them. Under the existing laws, once CIRP is initiated against […]

Merchant banker cannot carry on any business other than in securities market: SEBI

October 19, 2022 1557 Views 0 comment Print

Regulation 13A of Merchant Bankers regulations states that a merchant banker cannot carry on any business other than in securities market

CBDT notifies Kerala State Electricity Regulatory Commission under Section 10(46)

October 19, 2022 726 Views 0 comment Print

CBDT notifies Kerala State Electricity Regulatory Commission under Section 10(46) vide Notification No. 117/2022-Income Tax | Dated: 19th October, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification No. 117/2022-Income Tax | Dated: 19th October, 2022 S.O. 4936(E). In exercise of the powers conferred by clause (46) of section […]

All insurance products shall cover mental illness: IRDAI

October 18, 2022 3189 Views 0 comment Print

IT is reiterated that all insurance products shall cover mental illness and comply with provisions of MHC Act, 2017 without any deviation.

Time lost due to technical glitches on GST Portal needs to be excluded for calculating GST Appeal filing limitation

October 18, 2022 1680 Views 0 comment Print

Brij Bihari Singh Vs Commissioner Commercial Tax Lucknow (Allahabad High Court) The statutory right of appeal is not an illusory remedy given to the assessee or a person aggrieved. It is an effective and real remedy granted within the structure of the statute to allow for redressal of genuine grievances. Therefore, the appeal forum (wherever […]

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