Corporate Law

Evolution of Responsible Business and Concept of Sustainability

The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, author assume no responsibility, therefore....

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Whether a society, being landowner can be held as a ‘promoter’ under RERA?

Whether a society, being landowner can be held as a ‘promoter’ under Real Estate Rgulation Act, 2016 (RERA 2016)? The article that we tend to discuss today focuses on critically summarizing the judgement passed by the Hon’ble Maharashtra Real Estate Appellate Tribunal in common appeals filed by Udayachal Goregaon Co-operative Housin...

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Know All about Section 144 of Criminal Procedure Code (with recent special words)

Section 144 of Criminal Procedure Code- Power to issue order in urgent cases of nuisance of apprehended danger- (1) Who Can issue order: Order can be issued by District Magistrate, Sub-Divisional Magistrate or Executive Magistrate specially empowered by state Govt. जिला मजिस्ट्रेट, उप-विभागीय...

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How to file online EPF advance claim -COVID-19

How to file online EPF advance claim considering Outbreak of pandemic (COVID-19) The notification amends the EPF Scheme, 1952 by inserting Sub-Para (3) under Para 68L of the EPF Scheme, 1952 to provide for non-refundable advance to EPF members not exceeding the basic wages and dearness allowances for three months or upto 75% of the amo...

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IBC 2016: Format of Demand Notice – Mandatory or Directory?

NCLAT held it is not discretionary on the Operational Creditor to issue demand notice in form 3 or 4, issuance of the said form depend on the nature of transaction, like in the cases wherein invoice forms part of the transaction then FORM 4 has to be followed in other cases FORM 3 has to be followed....

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MHA blacklists 960 foreigners involved in Tablighi Jamaat activities

MHA blacklists 960 foreigners, present in India on tourist visas, for their involvement in Tablighi Jamaat activities; necessary legal action to be taken...

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Booking of train tickets never stopped except for lockdown period

Rail Ministry of India has clarified on twitter that booking of reserved train tickets never stopped except for the lock down period from March 24 to April 14, 2020. CLARIFICATION A section of Media is reporting that Railways has resumed ticket booking from 15th April, which is not correct. It is clarified that booking of […]...

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Ayurveda’s immunity boosting measures for self care during COVID 19 crisis

In the wake of the Covid 19 outbreak, entire mankind across the globe is suffering. Enhancing the body’s natural defence system (immunity) plays an important role i n maintaining optimum health. We all know that prevention is better than cure. While there is no medicine for COVID-19 as of now, it will be good to […]...

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Stamp duty Act Amendments & FY Year Extension Rumor

Government broadens pertinence of stamp duty by 3 months from 1st April 2020 to 1st July 2020 The administration has not broadened the current 2019-20 financial year and it will end as planned on March 31, the finance minister said on 30th March 2020. Press Trust of India incorrectly revealed that the new financial year will begin fro...

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Do not levy any penalties/charges/fees on any Port user: Govt

Ministry of Shipping issues direction to all Major Ports not to levy any penalties/charges/fees on any Port user for any delay caused due to COVID-19...

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Unverified news capable of causing panic should not be disseminated: SC

Alakh Alok Srivastava Vs Union of India (Supreme Court of India) - Alakh Alok Srivastava Vs Union of India (Supreme Court of India) We expect the Media (print, electronic or social) to maintain a strong sense of responsibility and ensure that unverified news capable of causing panic is not disseminated. A daily bulletin by the Government of India through all media ...

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No attachment of property acquired prior to commission of criminal or PMLA offence

Seema Garg Vs Deputy Director, Directorate of Enforcement (PMLA) (Punjab and Haryana HC) - Where property acquired could not be attached prior to the commission of a scheduled offence such as criminal offence or introduction of Prevention of Money Laundering Act (PMLA) unless the property obtained from the offence was held or taken outside the country....

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Demanding increased enrolment fee by Bar Council of Gujarat was justified

Rajesh Manibhai Patel Vs Bar Council of Gujarat (Gujarat High Court) - On harmonious reading provisions of the Advocates Act, 1961 and the Bar Council of India Rules it was held that the increase in the rate of enrollment fees was properly and adequately justified and the provisions of both the Advocates Act, 1961 and the Bar Council of India Rules were not in conflic...

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Amusement parks entitled to only one benefit either U/s. 3(2) or U/s. 3(5)(a) of Bombay Entertainments Duty Act: SC

State of Maharashtra & Ors. Vs PAN India Paryatan Limited & Anr. (Supreme Court of India) - State of Maharashtra & Ors. Vs PAN India Paryatan Limited & Anr. (Supreme Court) Once an admission ticket is granted, it is not in terms of Section 3(2) of the Act but only in terms of Section 3(1)(b) of the Bombay Entertainments Duty Act, 1923. Section 3(2) of the Act has no applicability f...

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Sanction of Walmart’s acquisition of Flipkart by CCI was justified

Confederation of All India Traders Vs Competition Commission of India (NCLAT) - : In absence of any prime facie opinion framed, that the combination of Walmart-Flipkart was likely to cause or had caused appreciable adverse effect on the competition within the relevant market in India, the sanction of of Walmart’s acquisition of Flipkart by Competition Commission of India (CCI...

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Stamp Duty on Sale of Securities to be collected by Stock Exchange

Stamp Duty Collection on Sale of Securities made over Stock Exchanges- To be collected by Stock Exchange itself: Effectiveness of the Amendment Postponed. The Central Government vide the Finance (Amendment) Act, 2019 had amended certain provisions of the Indian Stamp Act, 1899 in February 2019 [ Cha...

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Exemption to continuous process industries from closure-COVID-19 

No. Cl 06 SPI 2020 - (03/04/2020) - The Govt. of Karnataka in its order referred at (1) above has exempted certain category of industries to carry on their manufacturing activities keeping in view the importance of maintaining supply chain of essential commodities during lock down....

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Premium payment for renewal of Health Insurance policies during lockdown

Circular Ref. No:IRDAI/HLT/CIR/MISC/078/04/2020 - (02/04/2020) - Insurance Regulatory and Development Authority Circular Ref. No:IRDAI/HLT/CIR/MISC/078/04/2020 Date:02-04-2020 Premium payment for renewal of Health Insurance policies falling due during the lockdown period (25th March, 2020 to 14th April, 2020) as a result of COVID 19 situation ALL STAND-ALONE HEAL...

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Premium payment for renewal of Motor Third Party Insurance policies during Lockdown

Ref. No: IRDAI/NL/CIR/MOT/079/04/2020 - (02/04/2020) - Premium payment for renewal of Motor Third Party Insurance policies falling due during the lockdown period (25th March, 2020 to 14th April, 2020) as a result of COVID 19 situation...

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Govt relaxes renewal of health / motor vehicle insurance policies installments

Notification No. G.S.R. 229(E), S.O. 1237 (E), S.O. 1238(E) - (01/04/2020) - Motor vehicle third party insurance policies. - In the case of renewal of motor vehicle third party insurance policies falling during the period of lockdown due to outbreak of COVID-19 pandemic, the risk may be assumed subject to the condition that the premium shall be paid within such time as the C...

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Recent Posts in "Corporate Law"

Evolution of Responsible Business and Concept of Sustainability

The entire contents of this document have been prepared on the basis of relevant provisions and as per the information existing at the time of the preparation. Although care has been taken to ensure the accuracy, completeness, and reliability of the information provided, author assume no responsibility, therefore....

Read More
Posted Under: Corporate Law |

Whether a society, being landowner can be held as a ‘promoter’ under RERA?

Whether a society, being landowner can be held as a ‘promoter’ under Real Estate Rgulation Act, 2016 (RERA 2016)? The article that we tend to discuss today focuses on critically summarizing the judgement passed by the Hon’ble Maharashtra Real Estate Appellate Tribunal in common appeals filed by Udayachal Goregaon Co-operative Housin...

Read More
Posted Under: Corporate Law |

Stamp Duty on Sale of Securities to be collected by Stock Exchange

Stamp Duty Collection on Sale of Securities made over Stock Exchanges- To be collected by Stock Exchange itself: Effectiveness of the Amendment Postponed. The Central Government vide the Finance (Amendment) Act, 2019 had amended certain provisions of the Indian Stamp Act, 1899 in February 2019 [ Chapter IV, Part I].  One of the amendment...

Read More

Know All about Section 144 of Criminal Procedure Code (with recent special words)

Section 144 of Criminal Procedure Code- Power to issue order in urgent cases of nuisance of apprehended danger- (1) Who Can issue order: Order can be issued by District Magistrate, Sub-Divisional Magistrate or Executive Magistrate specially empowered by state Govt. जिला मजिस्ट्रेट, उप-विभागीय...

Read More
Posted Under: Corporate Law |

Exemption to continuous process industries from closure-COVID-19 

No. Cl 06 SPI 2020 (03/04/2020)

The Govt. of Karnataka in its order referred at (1) above has exempted certain category of industries to carry on their manufacturing activities keeping in view the importance of maintaining supply chain of essential commodities during lock down....

Read More

How to file online EPF advance claim -COVID-19

How to file online EPF advance claim considering Outbreak of pandemic (COVID-19) The notification amends the EPF Scheme, 1952 by inserting Sub-Para (3) under Para 68L of the EPF Scheme, 1952 to provide for non-refundable advance to EPF members not exceeding the basic wages and dearness allowances for three months or upto 75% of the amo...

Read More
Posted Under: Corporate Law |

IBC 2016: Format of Demand Notice – Mandatory or Directory?

NCLAT held it is not discretionary on the Operational Creditor to issue demand notice in form 3 or 4, issuance of the said form depend on the nature of transaction, like in the cases wherein invoice forms part of the transaction then FORM 4 has to be followed in other cases FORM 3 has to be followed....

Read More
Posted Under: Corporate Law |

Is Bigamy a Punishable Offence in India?

Marriage has been defined as a pure sacrament, particularly in our Indian culture a bond which joins two lives together till the end of their lives unlike other countries where entering into a marriage is a contract. However, there are some instances where a certain person in a marital bond cheats with the other person […]...

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Posted Under: Corporate Law |

Unverified news capable of causing panic should not be disseminated: SC

Alakh Alok Srivastava Vs Union of India (Supreme Court of India)

Alakh Alok Srivastava Vs Union of India (Supreme Court of India) We expect the Media (print, electronic or social) to maintain a strong sense of responsibility and ensure that unverified news capable of causing panic is not disseminated. A daily bulletin by the Government of India through all media avenues including social media and forum...

Read More

An Indian Monopoly Post-Covid-19

Even before the current pandemic, Indian businesses weren’t doing that well. While the AGR woes faced by major telecom providers (except Jio) might seem like a scar from a mishap long past, it was a very recent occurrence within the Indian economic biosphere. It threatened the downfall of Vodafne-Idea, and along with it, a loss [&he...

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Posted Under: Corporate Law |

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.