Expenditure on COVID-19 Healthcare facilities and Infrastructure counted under CSR Expenditure Pursuant to the General Circular No. 09/2021, issued by Ministry of Corporate Affairs, on 5th May, 2021, and in continuation to the General Circular No. 10/2020, as issued on 23rd of March 2020, the MCA hereby elaborated on various health related expenditures that can […]
An arbitral award may be set aside if the court finds that the award is in conflict with the public policy of India. Without prejudice to the generality of clause 34(ii)(b), it is hereby declared, for the avoidance of any doubt, that an award is in conflict with the public policy of India if the […]
SEBI recently came up with new and fresh guidelines that specifically pertains to refund of partially allotted and unallotted applications concerning Rights Issue. These guidelines were issued vide Circular No. SEBI/HO/CFD/DIL2/CIR/P/2021/552 Dated: April 22, 2021 and Crux of this Circular is as follows:- ♦ Now the applications are allowed to be received only through one […]
Thus, CSR is one of the primary means of achieving the goal of sustainable development for all nations today. The Brundtland report highlighted three key components of sustainable development, environment and economy and society. A number of important sustainable development proposals have also been highlighted and SD and CSR initiatives can be linked as follows:
Looking through Validity of GST (Compensation to States) Act of 2017, and other allied matters under ‘Union of India vs. Mohit Mineral Private Ltd.’ CASE: Union of India v. Mohit Mineral Private Ltd. Question Validity of GST (Compensation to States) Act, 2017. Act provides for cess in order to compensate states for the loss suffered […]
Understanding Section 29-A of IBC’16 regarding ineligibility criteria to submit Resolution Plan Insolvency and Bankruptcy Code, 2016 (IBC) looks after consolidating such laws relating to corporate insolvency resolution process of corporate persons, individuals as well as partnerships in a timely manner and simultaneous revival of such insolvent companies by application of resolution plan.[1] The prospective […]
Constitutional Validity of SARFAESI Act of 2002 tested under ‘Mardia Chemicals vs. Union of India’ Introduction: ♦ The constitutional validity of SARFAESI was assailed, in particular Sections 13, 15, 17, 34 on the basis that these sections are unreasonable and arbitrary. ♦ IDBI Bank served a notice upon Mardia when the Act came into force. […]
