Corporate Law - Page 10

IBBI can suo moto take cognisance of contravention of provisions by an IP

Order No. No. IBBI/DC/12/2018 (12/11/2018)

It was submitted that the Board cannot suo moto take cognisance without a complaint made under sections 217 and 218 of the Code against an IP. The DC notes that section 218 allows the Board to order inspection or investigation either on receipt of a complaint or when it has reasonable ground to believe that […]...

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Variable Capital Company: Singapore proposes a new way of making investments. Can India replicate this model?

Variable Capital Company: Singapore proposes a new way of making investments

Variable Capital Company is a corporate structure that is tailored for collective investment schemes. In Singapore, the most commonly used investment fund structures are unit trusts (constituted by way of trust deeds) and investment companies....

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Posted Under: Corporate Law |

Govt increases minimum MSME procurement limit, Quota for women owned MSME

Govt increases minimum MSME procurement limit, Quota for women S.O. 5670(E) (09/11/2018)

Special provision for Micro and Small Enterprise owned by women. Out of the total annual procurement from Micro and Small Enterprises, 3 per cent from within the 25 per cent target shall be earmarked for procurement from Micro and Small Enterprises owned by women....

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HOUSING ASSOCIATION -Mutuality Principle- Supplement I

Housing Association (HA) as mandated by the special property law, governing ‘UNITS’ (i.e. Flats or Apartments) - namely, the special legislative enactment by state (s) - is an Association (of Persons). It is formed and constituted exclusively by purchasers /owners of the Units for all purposes. Such legal ownership in a building proje...

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Posted Under: Corporate Law |

Cabinet approves Laying down mechanism for sale of enemy shares

The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the mechanism and procedure for sale of the enemy shares. Details are as follows: i. ‘In principle’ approval has been accorded for sale of enemy shares under the Custody of Ministry of Home Affairs/ Custodian of Enemy Property of India (CEPI), as per sub-sect...

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Posted Under: Corporate Law |

FAQs on Digital Signature Certificate (DSC)

With everything going Digital or Online, even signature has got its Digital Version, commonly known as Digital Signature Certificate or DSC. With Ministry of Corporate Affairs (MCA), Income Tax Authorities and Goods and Service Tax (GST) are already accepting online documents, applicant/taxpayer are now mandatorily required to sign docume...

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Posted Under: Corporate Law |

Conduct of arbitral proceeding should speak itself to draw inference of impartiality

Col. J.P.S. Yadav Vs South Eastern Coalfields Limited (High Court Chhatisgarh)

Col. J.P.S. Yadav Vs South Eastern Coalfields Limited (High Court Chhatisgarh) Consequently, evaluating the facts, the finding that the notices were sent under the camouflage cover of SECL concealing the name of the sole arbitrator on 20.9.1993 and 28.10.1993 would be important. Further, the Court held that no service was affected to ...

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59 minute loan, 25% procurement & other initiatives for MSMEs

PM launches historic Support and Outreach Initiative for MSME Sector ♣ PM unveils 12 key initiatives ♣ 59 minute loan portal to enable easy access to credit for MSMEs ♣ Mandatory 25 percent procurement from MSMEs by CPSEs ♣ Ordinance for simplifying procedures for minor offences under Companies Act The Prime Minister, Shri Narendr...

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Posted Under: Corporate Law |

Companies to comply with Trade Receivables Discounting System platform

S.O. 5621(E) (02/11/2018)

Central Government instruct companies with a turnover of more than Rs. 500 crore and all Central Public Sector Enterprises to get themselves onboarded on Trade Receivables Discounting System platform...

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Half Yearly Reporting of payment to MSMEs after 45 days

S.O. 5622(E) (02/11/2018)

Central Government hereby directs that all companies who get supplies of goods or services from micro and small enterprises and whose payments to micro and small enterprise suppliers exceed forty five days from the date of acceptance or the date of deemed acceptance of the goods or services as per the provisions of the Act, shall submit a...

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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.

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