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
Corporate Law : The initiation of Corporate Insolvency Resolution Process (CIRP) under Sections 7-10 of the IBC involves different creditors and p...
Corporate Law : Analysis of 1989 economic policy debate between Nani Palkhivala and Madhu Dandavate, examining globalization's impact on India's s...
Corporate Law : SC rules that directors cannot face Section 138 NI Act cases if the cause of action arises after insolvency proceedings begin unde...
Corporate Law : Understand the role of IP clauses in commercial contracts, covering ownership, licensing, and legal considerations to prevent disp...
Corporate Law : IBBI mandates detailed disclosure of carry-forward losses in insolvency cases, improving transparency for resolution applicants un...
Corporate Law : CAIT urges the government to block FDI-backed e-commerce firms from controlling inventory, citing threats to 8 crore Kirana MSMEs ...
Corporate Law : The government has no plans to revise the ₹5,000 tax limit for preventive health check-ups. AI-based health initiatives focus on...
Corporate Law : To combat online financial fraud, RBI has launched an AI-based tool, ‘MuleHunter,’ to identify money mules and has advised fin...
Corporate Law : Update on CCI's order regarding WhatsApp and Meta's data sharing. NCLAT's interim stay and government measures to prevent data mis...
Corporate Law : Overview of IBC 2016's impact, amendments, and government's stance on further changes, including flat registration in insolvency c...
Corporate Law : Competition Commission of India dismisses allegations of monopoly against Delhi airport operators, citing lack of prima facie evi...
Corporate Law : Supreme Court overturns High Court ruling, upholds e-auction sale under SARFAESI Act. Bank directed to return surplus funds to bor...
Corporate Law : SC quashes Punjab HC order dismissing plea under CrPC 482. Case remitted to Sessions Court for re-examination of deposit requireme...
Corporate Law : SC clarifies scope of Section 143A of NI Act, holding interim compensation as discretionary, not mandatory, in cheque bounce cases...
Corporate Law : Mere exchange of draft MoUs or discussions on WhatsApp does not amount to a binding contract, especially when a formal agreement r...
Corporate Law : FSSAI waives registration fees for Anganwadi (ICDS) Centers, introduces a new Kind of Business (KoB), and grants five-year registr...
Corporate Law : PFRDA has issued regulations for the Unified Pension Scheme under NPS, applicable to Central Government employees from April 1, 20...
Corporate Law : IRDAI reconstitutes its Insurance Advisory Committee, appointing five new members. The notification takes effect from its publicat...
Corporate Law : IBBI mandates detailed disclosure of carry forward losses in the Information Memorandum (IM) to enhance transparency in corporate ...
Corporate Law : FSSAI directs FBOs to update Form IX nominee details and enables auto-approval for Non-Form C modifications in FoSCoS from Februar...
Dakshin Shelters Pvt. Ltd. Vs. Geeta S. Johari (Supreme Court)- The SC ruled, that if a disputing party asks its rival to appoint an arbitrator according to their agreement and if it is not complied with, the former can approach a court for appointment of an arbitrator under the Arbitration and Conciliation Act. After that, the arbitrator appointed by the court will proceed with the arbitration.
The provisions of the Competition Act, 2002 relating to regulation of combinations and the Competition Commission of India (Procedure in regard to the transaction of business relating to combination) Regulation, 2011 (“Combination Regulations”) have been in force with effect from 1st June, 2011. The Competition Commission of India, after gaining experience of implementation of the Combination Regulations for almost nine months, has amended the Regulations with a view to provide relief to the corporate entities from making filings for combinations which are unlikely to raise adverse competition concerns, reduce their compliance requirements, make filings simpler and to move towards certainty in the application of the Act and the Regulations.
The Employees’ State Insurance Act, 1948 was the first major legislation in independent India for providing comprehensive Social Security to the workers in the organized sector. The first Prime Minister of India, Pandit Jawahar Lal Nehru inaugurated the ESI Scheme by becoming its first insured Person on February, 24th 1952. Since then, you have come a long way and have covered more than 6 crore beneficiaries with matchless cash benefits and full medical care with no limit on individual expenditure.
Having considered the submissions made on behalf of the Appellant and the Respondent appearing in-person, we are of the view that the judgment and order of the High Court does not require any interference, particularly when the issue raised in this Appeal has already been decided by this Court in Civil Appeal No.1932 of 1982, wherein it was categorically held that the Coal Mines Provident Fund Commissioner is a public servant
NOTIFICATION F.No.3-1/Amend/Comb. Regl./2012/CD/CCI, dated 23-2-2012 These regulations may be called the Competition Commission of India (Procedure in regard to the transaction of business relating to combinations) Amendment Regulations, 2012. (2) They shall come into force on the date of their publication in the Official Gazette.
A.K. Balaji Vs. GOI (Madras High Court)- This writ petition has been filed under Article 226 of the Constitution of India for the issuance of a Writ of Mandamus directing the respondents to take appropriate action against respondents or any other Foreign Law Firm or Foreign Lawyers, who are illegally practising the Profession of Law in India, and for a further direction to forbear them from having any legal practice either on the litigation side or in the field of non-litigation and commercial transactions, in any manner whatsoever within the territory of India.
There is an urgent need to move from government regulation to self regulation. This was stated by Union Minister for Corporate Affairs Dr. M. Veerappa Moily while delivering valedictory address at the 8th Corporate Registers Forum (CRF) 2012 here today. He stressed on setting of norms and standards which attract the international firms and setting of standard norms that help to improve good governance.
As per the extant ECB procedures, requests for reduction in the amount of ECB, changes in the drawdown schedule and reduction in the all-in-cost of the ECB after obtaining the loan registration number (LRN) is required to be referred by the bank concerned to the RBI for necessary approval. Simplifying norms for overseas borrowers, the RBI today said they will no longer require its approval to raise an amount lesser than sanctioned ECB as the power to authorize the same has been delegated to banks.
A.V. Padma & Ors. Vs. R. Venugopal & Ors. (SC)- In motor vehicles accident compensation claims, the entire amount may be disbursed to the claimant if he or she is literate. It is not necessary to deposit it in a bank for the safety of the dependents as some tribunals do.
JIK Industries Limited & Ors. Vs. Amarlal V. Jumani (Supreme Court)- It was held that cases of bounced cheque are independent of the revival bid of a sick company. Proceedings in bounced cheque cases under the Negotiable Instruments Act will continue even if there is a scheme to revive the sick company. The revival attempt under the Companies Act will not affect prosecution of charges under Section 138 of the Act. The charges cannot be compounded as in other cases under the Criminal Procedure Code (CrPC).
