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Corporate Law : Bombay HC rules mere association with Dawood Ibrahim doesn't qualify as terror gang membership under UAPA. Key insights from Parve...
Corporate Law : Discover how institutional investor rules affect local corporate governance in India, the USA, and the UK, and their overall impac...
Corporate Law : सुप्रीम कोर्ट ने यह सुनिश्चित करने के लिए कि अधिव...
Corporate Law : Tripura High Court issues comprehensive guidelines to ensure effective investigation of missing persons cases, aiming for swift an...
Corporate Law : Rajasthan HC rules FIRs before new laws will follow CrPC, not BNSS. Read about the Krishna Joshi vs State of Rajasthan judgment cl...
Corporate Law : The CBICs NTRS 2024 report shows significant reductions in cargo release times at major ports, enhancing efficiency in imports and...
Corporate Law : Critical issue: Windows hosts crashing with BSOD after CrowdStrike Falcon Sensor update. Learn how to fix and prevent further outa...
Corporate Law : Explore India G20 Task Force report on Digital Public Infrastructure (DPI), defining global strategies for economic transformation...
Corporate Law : India to observe 'Samvidhaan Hatya Diwas' on 25th June yearly, honoring those who fought against the 1975 Emergency's tyranny. Lea...
Corporate Law : Read about the Directorate of Enforcement's (ED) search operations under PMLA at 14 locations in Haryana and Punjab, uncovering ca...
Corporate Law : Read the full text of the Bombay High Court judgment ordering Rs. 10 lakh compensation for harassment of a Chinese woman by Custom...
Corporate Law : NCLAT Delhi ruled that financial creditors who are allottees under RERA must meet the threshold criteria to file a Section 7 appli...
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...
Corporate Law : Submission of Appellant that since guarantee has not been invoked there is no debt cannot be accepted. Guarantee continues to bind...
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...
Corporate Law : MHA issues guidelines to ensure nondiscriminatory prison visitation rights for LGBTQ+ community, emphasizing equal treatment in al...
Corporate Law : Latest updates to the Prevention of Money-laundering Rules, 2024, focusing on KYC processes, client verification, and record maint...
Corporate Law : Explore IRDAI's final order on Aegon Life Insurance (now Bandhan Life) regarding violations of AML and policyholder protection reg...
Corporate Law : Explore India Post's new operational guidelines for bulk customers of registered articles, including eligibility, registration pro...
Corporate Law : Participate in the public consultation on amending Rule 3 of the Legal Metrology (Packaged Commodities) Rules, 2011. Deadline: 29....
EPFO has launched a SMS based service for the benefit of all stakeholders. While submitting your claims, write your mobile number on top of the form. Attach a clear photocopy of first page of your bank passbook. A SMS will be sent to the mobile number about the status of your claim.
Delay in deposit of P.F. dues attracts penal damages. Damages are levied at the following FLAT RATES: * For 0 — 2 months delay – @ 5 % p.a. * For 2 — 4 months delay – @10 % p.a. * For 4 — 6 months delay – @ 15 % p.a. * For delay above 6 months – @ 25 % p.a. (subject to a maximum of 100%)
If the Bar Council of India has its way, all advocates in the country will soon have to accept fees only by cheque. And if the payment is to be made in cash, proper receipts must be furnished to the client and a register of the same will be required to be maintained by advocates.
The respondent raised certain claims against the appellant and invoked the arbitration agreement — the appointed Arbitrator adjusted Rs.11,10,662 awarded to the appellant, towards the sum of Rs.91,33,844 awarded in favour of the respondent and consequently directed the appellant to pay to the respondent, the balance of Rs.80,23,182 — the appellant paid the said amount to the respondent and filed a petition under section 11 of the Act praying for appointment of an arbitrator to decide its claim for the extra cost in getting the work completed through the alternative agency — the High Court dismissed the said application and held that the application under section 11 of the Act by the appellant was misconceived, barred by res judicata, and mala fide — appeal —
Madhya Pradesh Madhyastham Adhikaran Adhiniyam, 1983 — provisions of — whether applicable — execution of an agreement in regard to maintenance of water supply and electrical works in different parts of Gwalior Municipal Corporation area — a work order was issued to the appellant by the respondent — bills were not paid — the designate of the Chief Justice appointed an independent arbitrator — the arbitrator made award however, the High Court set aside the orders holding that the arbitral award passed by the sole arbitrator was without jurisdiction as the dispute raised by the appellant could only be decided by the statutory arbitral tribunal constituted under the 1983 Adhiniyam and therefore the sole arbitrator appointed by the designate of Chief Justice under section 11(6) of the Act lacked inherent jurisdiction to decide the disputes
The Delhi high court last week held that the clause in a tender document for building contract permitting 5 per cent bid security amount to be forfeited in case of a non-responsive bid is “clearly penal in nature and thus provisions of Section 74 of the Contract Act would apply.” It cannot be categorized as a reasonable pre-estimate of damages for a non-responsive bid and thus the bank guarantee for 5 per cent of the bid amount cannot be encashed in such an eventuality. The high court ruled this in the case of IVRCL Infrastructure and Projects Ltd vs National Highway Authority of India. The “request for proposal” submitted by the firm for a road project in Tamil Nadu being responsive, the forfeiture was illegal the firm was entitled to refund of the amount from NHAI, the judgment said.
In a major relief to lakhs of depositors duped by fly-by-night non-banking financial companies, the Supreme Court on Tuesday ruled that the government has the power to attach the properties of such fraudulent organisations. The apex court said such a legislation was constitutionally valid and not repugnant to the Reserve Bank of India rules, or the Companies Act, as it was a welcome measure in view of thousands of such cases being reported in the country.
On and from 1 June 2011, any acquisition or merger or amalgamation that exceeds the monetary threshold specified in Section 5 of the Act will require approval of CCI. These provisions are aimed at ensuring that the proposed Combination is not anti-competitive. This may lengthen the time required to complete the Combination. If CCI is convinced that the Combination is not anti-competitive, it should not be difficult to obtain the approval. The CCI has also released draft rules for public comments on provisions relating to Regulations of Combinations. Once this is finalized and notified, it will facilitate implementation of the provisions relating to Combination.
The Central Bureau of Investigation has arrested a Dy. Registrar of Trade Marks, Intellectual Property, Chennai for possession of disproportionate assets to the tune of approx Rs. one crore. The Anti Corruption Branch of CBI, Chennai has registered a case against Dy. Registrar of Trade Marks (Head of the Office and Technical Head Trade Marks), Intellectual Property G.S.T. Road, Guindy, Chennai and her husband (an Advocate) for abetment and for possession of assets disproportionate to the known sources of their income U/s 109 IPC and Section 13(2) r/w 13(1)(e) of Prevention of Corruption Act, 1988.
In addition to seven Central Government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 582 proposals out of which 374 SEZs have been notified. A total of 130 SEZs have commenced export. Statements containing state-wise and sector-wise distribution of SEZs are enclosed.
