Corporate Law

Trademark Rules 2017: 15 Things to Know

This is a welcome step and was long awaited. There was need to have a more robust, efficient and user friendly framework. Hope this will encourage one and all to seek protection of their trade marks....

Read More

11 Faqs on Aadhaar clearing 11 Misconceptions about Aadhaar

UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities? Why am I being asked to verify and link my mobile numbers with Aadhaar?...

Read More

Outsourcing of Duties & Responsibilities by Insolvency Resolution Professionals – A Massive Confusion

A recent circular No. No. IP/003/2018 dated 03.01.2018 by IBBI puts virtually a complete ban on outsourcing of the activities required to be done for performing his duty and responsibility by nsolvency resolution professional. It states that – “It is hereby directed that an insolvency resolution professional shall not outsource a...

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Debarring Promoters from Bidding for their own Company under Bankruptcy Law

While the Insolvency and the Bankruptcy Code, 2016 (Code) has been in existence for a year, which has been surfaced with certain controversies, nuances and issues and the same were fixed by the NCLT and the Court....

Read More

Applicability of Limitation Act to Insolvency and Bankruptcy Code, 2016

At the nascent stages of implementation of the Insolvency and Bankruptcy Code, 2016, it was observed by various tribunals that being a time-barred debt the application filed cannot be entertained pursuant to the applicability of the Limitation Act....

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ASSOCHAM seeks higher outlay for education in Budget

Seeking enhanced outlay for education in the coming Budget, the ASSOCHAM has sent a communication to the Finance Minister Mr Arun Jaitley, also making out a case for relief to higher education under Goods and Services Tax (GST)....

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Text of Letter From 4 Senior SC Judges to to Chief Justice of India

It is with great anguish and concern that we have thought it proper to address this letter to you so as to highlight certain judicial orders passed by thin Court which has adversely affected the overall functioning of the justice delivery system and the independence of the High Courts besides impacting the administrative functioning of th...

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Exposure Draft on repealing of IRDA (Standard Proposal form for Life Insurance ) Regulations 2013

Presently life insurers file proposal forms with IRDAI and reviewed under the File and Use procedure at the time of product clearance. The proposal forms are customized by Life Insurers for the specific products and there is no useful purpose served by mandating a uniform proposal form format for all companies and products....

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Clausewise details of Consumer Protection Bill, 2018- Introduced in Lok Sabha

The Consumer Protection Bill, 2018 provides for the establishment of an executive agency to be known as the Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers; make interventions when necessary to prevent consumer detriment arising from unfair trade practices and to initiate class action i...

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Delayed Train Status- SMS Service Extended

Indian Railways now provides its Short Messaging Service (SMS) facility regarding the status of trains running late by more than one hour to 1,373 trains including Garib Rath, Duronto, Jan Shatabdi, Suvidha, Humsafar, Superfast & Premium trains For the passenger’s convenience, this free of cost SMS service provides the status of...

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CCI imposes Penalty on Chemists Associations for limiting & Controlling supply of drugs and medicines

Reliance Agency Vs. Chemists and Druggists Association of Baroda (CDAB) & Others (Competition Commission Of India) - Competition Commission of India imposes Penalty on Chemists and Druggists Association of Baroda and Federation of Gujarat Chemists and Druggists Association The Competition Commission of India (‘Commission’) has found the Chemists and Druggists Association of Baroda (‘CDAB’) and Federation o...

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SC on payment of tax under Kerala Tax on Paper Lotteries Act, 2005

Assistant Commissioner, Commercial Taxes & Ors. Vs. LIS (Registered) (Supreme Court of India) - Assistant Commissioner, Commercial Taxes & Ors. Vs. LIS (Supreme Court of India) 1. The liability of the respondent- assessee to payment of tax under the Kerala Tax on Paper Lotteries Act, 2005 (herein after referred to as ‘the Act’) is the question that arises for determination in t...

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CIC issues SCN to CPIO & JCIT for misconduct & negligence under RTI Act, 2005

Mr. Radha Raman Tripathi Vs. CPIO & Jt. Commissioner of Income Tax (Central Information Commission) - Central Information Commission observed that the response provided by the CPIO/Respondent with respect to Points 03 and 04 was in total disregard to the provisions of the RTI Act, 2005 and contradictory response was provided by the Respondent during the hearing. The Commission therefore directs the ...

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Railways not liable to take permission for Advertisement Hoardings erected on its land and also not liable to Advertisement Tax: HC

Union of India Vs Municipal Corporation of Greater Mumbai (Bombay High Court) - Railway not require permission of Municipal Corporation for erecting Advertisement Hoarding on its land and Municipal Corporation not entitled to levy advertisement tax on the advertisements displayed on the hoardings erected on the land of the railways...

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Chewing Tobacco or Pan Masala containing tobacco is not food Item: HC

Food Inspectors Vs Rupesh Jain & Ors. (Delhi High Court) - There is no mention of Flavoured Chewing Tobacco in the definition of Pan Masala as per Appendix B. The ingredients mentioned in the definition of Pan Masala are used for human consumption in one form or the other and therefore come within the definition of food as per Section 2(v) (a) of the Preven...

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Insolvency And Bankruptcy Code (Amendment) Act, 2017

(1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2018. (2) It shall be deemed to have come into force on the 23rd day of November, 2017....

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IRDA warns IFFCO Tokio for Violations of Group Insurance Guidelines

IRDA/HLT/WRN/ORD/009/01/2018 - (19/01/2018) - However, taking into consideration the rectification measures stated to have been initiated, your company is warned for violating the within referred provisions of Guidelines on Group Insurance Policies and your company is also directed to ensure compliance of the within referred Guidelines hereafte...

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Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes

Circular No. IP/005/2018 - (16/01/2018) - It has been decided that an insolvency professional and every other professional appointed by the insolvency professional for a resolution process shall make disclosures as specified in Para 3 to 5 hereunder....

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Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional

Circular No. IP/004/2018 - (16/01/2018) - Insolvency professional shall render services for a fee which is a reasonable reflection of his work, raise bills / invoices in his name towards such fees, and such fees shall be paid to his bank account. Any payment of fees for the services of an insolvency professional to any person other than the...

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Exposure Draft on IRDA (Minimum Information for Inspection or Investigation) Regulations 2018

Ref: 40/IRDA/INSP/Min-Info-Reg/2017 - (11/01/2018) - The Government of India issued Insurance Laws (Amendment) Ordinance, 2014 which was later formalized as Insurance Laws (Amendment) Act, 2015 which amended certain provisions of the Insurance Act, 1938 and IRDA Act, 1999....

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Recent Posts in "Corporate Law"

Insolvency And Bankruptcy Code (Amendment) Act, 2017

(1) This Act may be called the Insolvency and Bankruptcy Code (Amendment) Act, 2018. (2) It shall be deemed to have come into force on the 23rd day of November, 2017....

Read More

Trademark Rules 2017: 15 Things to Know

This is a welcome step and was long awaited. There was need to have a more robust, efficient and user friendly framework. Hope this will encourage one and all to seek protection of their trade marks....

Read More
Posted Under: Corporate Law |

IRDA warns IFFCO Tokio for Violations of Group Insurance Guidelines

IRDA/HLT/WRN/ORD/009/01/2018 (19/01/2018)

However, taking into consideration the rectification measures stated to have been initiated, your company is warned for violating the within referred provisions of Guidelines on Group Insurance Policies and your company is also directed to ensure compliance of the within referred Guidelines hereafter....

Read More

ASSOCHAM seeks higher outlay for education in Budget

Seeking enhanced outlay for education in the coming Budget, the ASSOCHAM has sent a communication to the Finance Minister Mr Arun Jaitley, also making out a case for relief to higher education under Goods and Services Tax (GST)....

Read More
Posted Under: Corporate Law |

11 Faqs on Aadhaar clearing 11 Misconceptions about Aadhaar

UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities? Why am I being asked to verify and link my mobile numbers with Aadhaar?...

Read More

Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes

Circular No. IP/005/2018 (16/01/2018)

It has been decided that an insolvency professional and every other professional appointed by the insolvency professional for a resolution process shall make disclosures as specified in Para 3 to 5 hereunder....

Read More

Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional

Circular No. IP/004/2018 (16/01/2018)

Insolvency professional shall render services for a fee which is a reasonable reflection of his work, raise bills / invoices in his name towards such fees, and such fees shall be paid to his bank account. Any payment of fees for the services of an insolvency professional to any person other than the insolvency professional shall not form ...

Read More

Outsourcing of Duties & Responsibilities by Insolvency Resolution Professionals – A Massive Confusion

A recent circular No. No. IP/003/2018 dated 03.01.2018 by IBBI puts virtually a complete ban on outsourcing of the activities required to be done for performing his duty and responsibility by nsolvency resolution professional. It states that – “It is hereby directed that an insolvency resolution professional shall not outsource a...

Read More
Posted Under: Corporate Law |

Debarring Promoters from Bidding for their own Company under Bankruptcy Law

While the Insolvency and the Bankruptcy Code, 2016 (Code) has been in existence for a year, which has been surfaced with certain controversies, nuances and issues and the same were fixed by the NCLT and the Court....

Read More
Posted Under: Corporate Law |

Text of Letter From 4 Senior SC Judges to to Chief Justice of India

It is with great anguish and concern that we have thought it proper to address this letter to you so as to highlight certain judicial orders passed by thin Court which has adversely affected the overall functioning of the justice delivery system and the independence of the High Courts besides impacting the administrative functioning of th...

Read More
Posted Under: Corporate Law |
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Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc.

At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.