Corporate Law

A Snapshot to Code on Wages, 2019

With a view to simplify the labour law structure in India, the parliament enacted the Code on Wages, 2019 (Code) on August 08, 2019. The Code is one of the 4 labour codes that were proposed by the government in order to consolidate around 40 above labour law legislations in India. The other codes are […]...

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IBC 2016 | The Code for Resolution

IBC Code is one of the most crucial reforms initiated in recent years that represents a paradigm shift for insolvency resolution in India. The Code is a game-changer in the sense that it motivates the management and promoters of firms to avoid default as their inefficiencies to operate above the optimum level may lead to shift in control...

Read More

IBC 2016| The Code for Economic Growth

It might be useful to assess how the IBC Code is influencing the behaviour of various participants in the chain of economic growth. According to the author, they can be grouped into six broad categories, viz., lenders, operational creditors, borrowers, entrepreneurs, workforce and the economy at large....

Read More

Cost-Benefit Analysis of Insolvency Regulations

In the area of insolvency regulation, economists and scholars estimating the costs and benefits of regulation encounter formidable problems. The most important of which is identifying a reasonable benchmark with which to compare the current system. Unfortunately, such a counterfactual does not exist globally....

Read More

Commercialisation of Intellectual Property Rights : IP Assignment & IP Licensing

Commercialisation of Intellectual Property Rights : IP Assignment and IP Licensing Commercialisation may be understood as a process of organisation of something in way to generate profit or managing a product or service or right or anything for financial gain. Assignment agreements are important since they allow the IP rights holder to tr...

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All about Reliance Jio Charge of 6 Paise Per Minute For Making Calls To Other Networks

STEP TOWARDS REVERSING ENACTED REGULATION ON IUC COMPELS JIO TO RECOVER TERMINATION CHARGE OF 6 PAISE /MINUTE FOR MOBILE VOICE CALLS TO OTHER OPERATORS RECOVERY THROUGH IUC TOP-UP VOUCHERS; RECOVERY OF TERMINATION CHARGE ONLY UNTIL THE IUC CHARGE IS MADE ZERO CONSUMERS WILL GET EQUIVALENT DATA FOR THE VALUE OF IUC TOP UP VOUCHER NO [&hell...

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Cabinet approves 5% additional DA/DR due July, 2019

The Union Cabinet Chaired by Prime Minister Narendra Modi today approved to release an additional instalment of Dearness Allowance (DA) to Central Government employees and Dearness Relief (DR) to pensioners w.e.f. 01.07.2019 representing an increase of 5% over the existing rate of 12% of the Basic pay/Pension, to compensate for price rise...

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CCI approves acquisition of shareholding in GMR Airports

CCI approves the acquisition of shareholding in GMR Airports Limited (GAL) by TRIL Urban Transport Private Limited (TUTPL), Valkyrie Investment Pte. Ltd. (Valkyrie) and Solis Capital (Singapore) Pte. Limited (Solis) under Section 31(1) of the Competition Act, 2002...

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CCI approves acquisition of 70% shareholding in SABIC

CCI approves the acquisition of 70% shareholding in Saudi Basic Industries Corporation (SABIC) by Saudi Arabian Oil Company (Saudi Aramco), under Section 31(1) of the Competition Act, 2002, today....

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Report of Working Group on Group Insolvency

We thank the Insolvency and Bankruptcy Board of India for providing us an opportunity of developing a framework for Group Insolvency under the Insolvency and Bankruptcy Code, 2016. We believe that the framework recommended by the Working Group would take the insolvency reform a step forward....

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Arbitration Act: Additional evidence cannot be permitted in Section 34 proceedings: SC

M/s. Canara Nidhi Limited Vs M. Shashikala And Others (Supreme Court) - M/s. Canara Nidhi Limited Vs M. Shashikala And Others (Supreme Court) Conclusion: Since proceedings under Section 34 were summary proceedings and was not in the nature of a regular suit and in the arbitration proceedings, the parties had sufficient opportunity to adduce oral and documentary evidence...

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Demanding Bank A/c., Income Tax Return to continue dealership is infringement of Right to Privacy

Raju Sebastian Vs Union of India (Kerala High Court) - Demanding details pertaining to the bank account of a person and of  remittances made to the Income Tax Department towards discharge of tax liability shall amount to infringement of Right to Privacy, therefore, assessee was not bound to furnish their income tax returns and the bank account statemen...

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Section 7 Application under IBC governed by Article 137 of Limitation Act: SC

Gaurav Hargovindbhai Dave Vs Asset Reconstruction Company (India) Ltd.& Anr. (Supreme Court) - NCLT reached the conclusion that since the limitation period was 12 years from the date on which the money suit has become due, the aforesaid claim was filed within limitation and hence admitted the Section 7 application. The NCLAT vide the impugned judgment held, following its earlier judgments, th...

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Section 138 NI Act: Legal Heirs Can Challenge Conviction of deceased Convict

M. Abbas Haji Vs. T.N. Channakeshava (Supreme Court of India) - The legal heirs, in such a case, are neither liable to pay the fine or to undergo imprisonment. However, they have a right to challenge the conviction of their predecessor only for the purpose that he was not guilty of any offence....

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Executive order cannot curtail statutory tenure appointment

Ramji Bharti Vs State of Chhattisgarh (Chhattisgarh High Court) - Ramji Bharti Vs State of Chhattisgarh  (Chhattisgarh High Court) The constitution Bench of Supreme Court in Sant Ram Sharma v. State of Rajasthan and others AIR 1967 S.C. 1910 held that it is true that the Government cannot amend or supersede the statutory rules by administrative instruction, but i...

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Transactions / projects not requiring MahaRERA Registration for Sale Agreement/Registration

Circular No: 25/2019 - (11/10/2019) - MAHARERA clarifies the transactions / projects which do not require MahaRERA Project Registration for Agreement for Sale / Sale Deed Registration. MAHARASHTRA REAL ESTATE REGULATORY AUTHORITY No. MahaRER/Secy /File No. 27/1004 Date: 11th October, 2019 Circular No: 25/2019 Subject: Clarification rega...

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Registration of Self-Regulatory Organization for Promoters under MahaRERA

MahaRERA Order no. 10 - (11/10/2019) - In order to ensure greater professionalism among promoters, bring a certain level of consistency in the practices of promoters, enforcement of code of conduct and to discourage fraudulent promoters, it is proposed to introduce Self-Regulatory Organization (SROs) in the real estate sector in Maharash...

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Institutional framework for regulation and development of Valuation Professionals

Press Release No. IBBI/PR/2019/28 - (08/10/2019) - Invitation of public views / suggestions on the Institutional framework for regulation and development of Valuation Professionals The Ministry of Corporate Affairs, vide its Order dated 30th August 2019, has constituted a Committee of Experts to examine the need for an Institutional framework for...

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IRDA directions on Preparation of Financial Statements by Life Insurers

Ref No: IRDA/F&A/CIR/MISC/184/10/2019 - (04/10/2019) - In order to bring further uniformity, comparability and fair presentation of financial position in the Financial Statements filed by the insurers, Insurance Regulatory and Development Authority issues the following directions. Insurance Regulatory and Development Authority CIRCULAR Ref No: IRDA/F&am...

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IBC: Extension of due date to file forms related to CIRPs

Notification No. CIRP-11012/1/2019 - (30/09/2019) - It is observed that a large number of insolvency professionals have filed Forms, which were due on or before 15th September, 2019, in respect of corporate insolvency resolution processes (CIRPs) conducted by them, by close of business today, that is, 30th September, 2019...

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Recent Posts in "Corporate Law"

A Snapshot to Code on Wages, 2019

With a view to simplify the labour law structure in India, the parliament enacted the Code on Wages, 2019 (Code) on August 08, 2019. The Code is one of the 4 labour codes that were proposed by the government in order to consolidate around 40 above labour law legislations in India. The other codes are […]...

Read More
Posted Under: Corporate Law |

Arbitration Act: Additional evidence cannot be permitted in Section 34 proceedings: SC

M/s. Canara Nidhi Limited Vs M. Shashikala And Others (Supreme Court)

M/s. Canara Nidhi Limited Vs M. Shashikala And Others (Supreme Court) Conclusion: Since proceedings under Section 34 were summary proceedings and was not in the nature of a regular suit and in the arbitration proceedings, the parties had sufficient opportunity to adduce oral and documentary evidence, therefore, there was no necessity of a...

Read More

IBC 2016 | The Code for Resolution

IBC Code is one of the most crucial reforms initiated in recent years that represents a paradigm shift for insolvency resolution in India. The Code is a game-changer in the sense that it motivates the management and promoters of firms to avoid default as their inefficiencies to operate above the optimum level may lead to shift in control...

Read More
Posted Under: Corporate Law |

IBC 2016| The Code for Economic Growth

It might be useful to assess how the IBC Code is influencing the behaviour of various participants in the chain of economic growth. According to the author, they can be grouped into six broad categories, viz., lenders, operational creditors, borrowers, entrepreneurs, workforce and the economy at large....

Read More
Posted Under: Corporate Law |

Cost-Benefit Analysis of Insolvency Regulations

In the area of insolvency regulation, economists and scholars estimating the costs and benefits of regulation encounter formidable problems. The most important of which is identifying a reasonable benchmark with which to compare the current system. Unfortunately, such a counterfactual does not exist globally....

Read More
Posted Under: Corporate Law |

Commercialisation of Intellectual Property Rights : IP Assignment & IP Licensing

Commercialisation of Intellectual Property Rights : IP Assignment and IP Licensing Commercialisation may be understood as a process of organisation of something in way to generate profit or managing a product or service or right or anything for financial gain. Assignment agreements are important since they allow the IP rights holder to tr...

Read More
Posted Under: Corporate Law |

Foreign Contribution-FAQ

Foreign Contribution Individuals, Associations and Non-Profit Companies intending to receive the funding in India from foreign source are needed to comply with and are subject to the regulations made by government in this regard. Earlier Foreign Contribution (Regulation) Act 1976 (FCRA, 1976) was in force to regulate and facilitate the ac...

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Posted Under: Corporate Law |

Consequences of Delayed Payments to Micro and Small Enterprises and Disclosure in Annual Accounts

DELAYED PAYMENTS TO MICRO AND SMALL ENTERPRISES [Section – 15] 1. Where any supplier [Being MICRO OR SMALL ENTERPRISE], supplies any goods or any services to any buyer, – IF There is agreement in writing between supplier and buyer regarding payment Buyer shall make payment thereof on or before the date agreed between buyer and [&helli...

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Posted Under: Corporate Law |

IBC 2016 | Litigation: A Tool or Weapon

Swarupama Chaturvedi* ‘…happy to note that in the working of the Code, the flow of financial resource to the commercial sector in India has increased exponentially as a result of financial debts being repaid.’ Justice R. F. Nariman1 Hon’ble Supreme Court of India hailed the working of the Insolvency and Bankruptcy ...

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Posted Under: Corporate Law |

Need for Uniform Valuation Standards

Valuation is a vital component of much financial information that is relied on by investors or otherwise used to support decisions in the financial markets. This includes financial reporting, managing the solvency of financial institutions, supporting lending or other investment decisions and the pricing of units in collective investment ...

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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.