Read all latest corporate law news, articles, notifications & circular on Taxguru.in. News on laws related to DIPP Labour Minimum Wages Gratuity PF Arbitration Negotiable instrument Essential Commodities SRFAESI Competition Act Corporate Law
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Corporate Law : सुप्रीम कोर्ट ने यह सुनिश्चित करने के लिए कि अधिव...
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Corporate Law : The CBICs NTRS 2024 report shows significant reductions in cargo release times at major ports, enhancing efficiency in imports and...
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Corporate Law : Read the full text of the NCLAT judgment/order in A. Vijayan & Ors. vs Silver Line Retreat Hotels Pvt. Ltd. Understand why the tri...
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Corporate Law : NCLT case of Indian Bank vs. Nimitya Hotel & Resorts Pvt. Ltd., where court deliberates on CoC's freedom to decide on settlement p...
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Corporate Law : Participate in the public consultation on amending Rule 3 of the Legal Metrology (Packaged Commodities) Rules, 2011. Deadline: 29....
Industry body CII today said competition watchdog CCI’s approval should not be made mandatory for mergers and amalgamations between group companies. While acquisitions of control or shares or voting rights or assets within the same group have been exempted from the notification requirement, mergers or amalgamations have not been specified, which appears to be an oversight, CII said in a statement.
The Supreme Court ruled last week that a mortgagor can file suits for redemption so long as the mortgage subsists. Dismissal of an earlier suit for redemption would not bar the mortgagor from filing a second such suit, the court held in the case, L K Trust vs EDC Ltd. In this case, Falcon Retreat Ltd took a loan from the Goa Government-owned investment company, EDC Ltd by mortgaging its property for a hotel project.
The Supreme Court has upheld the Delhi high court ruling and dismissed the appeal of Larsen & Toubro in its lost bid for fast patrol vessels for the Indian Coast Guard. The government sent request for proposal to several parties, and L & T claimed its bid was the lowest. However, in its commercial and technical bids, it declared its intention to claim the benefit of ‘foreign exchange rate variation benefit’, without specifying which currency was the basis of the foreign exchange component. Larsen and Toubro Ltd. & ANR. Vs. Union of India & Ors.
Ministry of Corporate Affairs has asked corporate fraud investigating agency SFIO to outsource part of its work to private sleuths to overcome the problem of staff shortage that was causing delay in completing probes timely. The Ministry, in an internal note to the Serious Fraud Investigating Office (SFIO), has directed the body to hire private detective agencies to share the work load for significant cases.
There are more foreigners than Indians receiving patents in India, prompting the government to say much needs to be done to encourage more domestic innovations. The number of patents granted to Indian applicants has steadily decreased from a high of 41 per cent in 2002-03 to a low of 17 per cent in 2009-10, according to an Industry Ministry document.
Retirement fund body EPFO will not take into account the past performance of previously engaged ICICI Pru, HSBC AMC, SBI and Reliance Capital while finalising the new asset management companies (AMCs) for managing its Rs 3 lakh crore corpus. Since the returns on investment provided by four fund managers was above the bench mark level of 8.52 per cent, past performance as EPFO’s fund manager would not be given any weightage while making fresh appointments, a source privy to the development told PTI.
Annual Confidential Reports of government officials are not personal information and they should be provided to the public under the Right to Information Act, the Central Information Commission has held.The case relates to RTI applicant V R Sharma who had sought detail of ACRs of about 17 officials including his own, but the Labour Ministry allowed him access to only his ACR.
A bank cannot be compelled to provide loan under any law or procedure to a consumer and the latter cannot demand compensation for expenses incurred in applying for the process, the Delhi State Consumer Forum has ruled. Under no law and procedure, a bank can be compelled to give loan, and that is what the complainant wants. If in the process of furnishing documents, some expenses have been incurred by him, as argued, he can not be entitled to the compensation, Justice Barkat Ali Zaidi said.
Under flak for the new Internet rules which are being interpreted as an attack on privacy of a user, the government while clarifying the rules questioned the why critics were silent when the draft rules were opened for public opinion. R Chandrashekhar, Secretary in the Department of Information Technology, in an interaction with PTI said views from all stakeholders were taken and the best practices prevalent globally were incorporated in the new rules.
Pradeep Oil Corporation Vs. Municipal Corporation of Delhi and ANR (Supreme Court) Income Tax & Direct Taxes – Municipalities & Local Governments – Delhi Municipal Corporation Act, 1957, ss. 20(2) and 119 – Government Grant Act, 1895 – Property Tax – Lease or License – The President of India under the Government Grant Act, 1895, granted separate and distinct licenses to the appellant for maintaining depot for storage of petroleum products at a yearly license fee – Appellant had also given the right to erect/construct ‘petroleum installation buildings’ consisting of petroleum tanks, buildings and other conveniences for receiving and storing petroleum in bulk, and consequently possession of land had been given – Appellant raised various constructions comprising of an administration block etc.
