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Corporate Law

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

Latest Articles


P&H HC Criticizes Job Denial to Son of Injured Soldier in J&K Anti-Terror Operation

Corporate Law : Punjab & Haryana HC grants relief to son of a soldier injured in anti-terror operation in J&K, asserting his entitlement to a job ...

February 11, 2025 96 Views 0 comment Print

Guide on Applicability of POSH Act to Private Limited Companies

Corporate Law : Understand the applicability, compliance, penalties, and best practices of the POSH Act for Private Limited Companies in India wit...

February 10, 2025 813 Views 0 comment Print

Building Stakeholder Trust: Key Strategies for Companies

Corporate Law : Learn how companies can build stakeholder trust through communication, engagement, transparency, and a structured redressal mechan...

February 10, 2025 132 Views 0 comment Print

Exploring the Types of Trademarks and Their Legal Protections

Corporate Law : Trademarks are critical for businesses to differentiate their goods or offerings from others in market. They help construct brand...

February 10, 2025 171 Views 1 comment Print

Conveyance & Deemed Conveyance in Housing Societies

Corporate Law : Understanding conveyance & deemed conveyance in housing societies, legal provisions, benefits, and challenges under MOFA, RERA, an...

February 8, 2025 2553 Views 0 comment Print


Latest News


Innovations in National Pension System and Its Accessibility

Corporate Law : The National Pension System (NPS) offers flexible, low-cost pension options with digital accessibility, aiming to expand coverage ...

February 8, 2025 237 Views 0 comment Print

ICAI Convocation 2025: 19,075 CAs Awarded Membership

Corporate Law : ICAI held its Convocation 2025 across 13 locations, awarding 19,075 Chartered Accountants with membership. The Governor of West Be...

February 8, 2025 1533 Views 0 comment Print

Government’s Stance on IBC and Tax Revenue Impact

Corporate Law : The Indian government has not assessed the IBC’s impact on tax revenue loss and has no plans to amend tax priorities under insol...

February 6, 2025 39 Views 0 comment Print

Reforms in IBC: Proposed Amendments for Insolvency Processes

Corporate Law : IBBI proposes key amendments to CIRP, liquidation, and personal guarantor insolvency, aiming to enhance efficiency, transparency, ...

February 5, 2025 153 Views 0 comment Print

FIU-IND Fines Bybit ₹9.27 Crore for PMLA Violations

Corporate Law : FIU-IND imposed a ₹9.27 crore penalty on Bybit for violating PMLA compliance. The platform operated without registration, leadin...

February 2, 2025 252 Views 0 comment Print


Latest Judiciary


Default continued beyond moratorium period not covered u/s. 10-A of IBC: Madras HC

Corporate Law : Madras High Court held that Section 10-A of the Insolvency and Bankruptcy Code, 2016 cannot be extended to cases where default con...

February 11, 2025 36 Views 0 comment Print

CBDT Approval Must Be Explicit for Valid Orders: Bombay HC

Corporate Law : Bombay HC quashes order by Additional CIT, emphasizing CBDT or its members must explicitly issue orders under Section 119(2)(b) of...

February 9, 2025 198 Views 0 comment Print

NCLAT Rejects IBC Section 9 Plea Against Hindustan Unilever Ltd (HUL)

Corporate Law : NCLAT upholds rejection of IBC Section 9 application against HUL, citing pre-existing disputes and claims below the Rs. 1 crore th...

February 8, 2025 231 Views 0 comment Print

Liquidation Withdrawal Allowed if CoC Permits CIRP Time Extension: NCLAT Delhi

Corporate Law : NCLAT Delhi upheld the CoC's decision to extend CIRP and withdraw liquidation, rejecting the appeal against the Resolution Profess...

February 8, 2025 87 Views 0 comment Print

Liquidation proceeds to be distributed in proportion to admitted claim of secured creditors

Corporate Law : NCLAT Delhi held that distribution of liquidation proceeds has to be in proportion to the admitted claim of secured creditors as p...

February 8, 2025 90 Views 0 comment Print


Latest Notifications


IBBI Mandates Timely Reporting of Insolvency Assignments

Corporate Law : IBBI updates reporting rules for insolvency professionals, requiring timely assignment updates on its portal for CIRP, liquidation...

February 11, 2025 15 Views 0 comment Print

PFRDA Master Circular on Service Charges for NPS PoPs (Updated)

Corporate Law : PFRDA issues a master circular on service charges for PoPs under NPS (All Citizen & Corporate) and NPS-Lite, consolidating past ci...

February 7, 2025 108 Views 0 comment Print

IBBI suspends registration of Insolvency Professional for a period of three years

Corporate Law : IBBI issues a disciplinary order against Akash Shinghal for non-compliance with CIRP regulations. The case involves voting and CoC...

February 7, 2025 138 Views 0 comment Print

IBBI suspends IP for charging fees of 18 lakh against admitted claim of ₹10 lakh

Corporate Law : IBBI Disciplinary Committee reviews the case of Insolvency Professional Anil Kumar Mittal for excessive fees during CIRP proceedin...

February 4, 2025 4239 Views 0 comment Print

IBBI publishes syllabus for Phase 9 of Limited Insolvency Examination

Corporate Law : IBBI releases Phase 9 syllabus for Limited Insolvency Examination. Applicable from May 5, 2025, details available on the IBBI webs...

February 4, 2025 408 Views 0 comment Print


Advocates can practise in all courts

June 16, 2011 3427 Views 0 comment Print

Now, lawyers can practise, as a matter of right, in all courts and forums, including tribunals or any quasi-judicial authority.Fifty years after the Advocates Act, 1961, came into force, the Centre has notified Section 30 of the Act — with effect from June 15 2011 — to enable advocates to practise anywhere. This provision was not notified when the Act was added to the statute book. As a result, in certain courts and tribunals, lawyers could appear only if they were permitted by the presiding officer.

Labour Standards Should not be used for Protectionist Trade

June 16, 2011 315 Views 0 comment Print

In our country, the employment challenges in coming years are immense which range from generating productive employment at an accelerated rate to improving the quality of employment through skill development. Generation of Productive Employment and decent working conditions is crucial for inclusive growth. India has a large percentage, 58% of population in the working age group (15-59 years). We are concerned about making employment opportunities accessible to the poor and weaker sections of our society. We have initiated many schemes and are working to provide skills and training to our vast labour force which is largely in the unorganized sector. However, in India we have more of structural unemployment which is more prevalent in developing countries whereas the developed countries have more of cyclical unemployment. It has to be discussed as to how we can have a coordinated policy on employment because though our objectives are the same but the action plan adopted to promote full employment and quality jobs may have to be different. We strongly support international efforts to encourage and facilitate mobility of labour. India strongly feels that over emphasis on indicators/standards/Policy recommendation should not appear in the G-20 prescription to the developing countries/ and to Least Industrialized Countries (LICs) lest it should result in protectionism.

Summary of Guidelines for Fast Track Exit mode for defunct companies under section 560 of the Companies Act, 1956

June 15, 2011 9451 Views 1 comment Print

In order to give an opportunity for fast track exit by a defunct company for getting its name struck off from the ROC, the Ministry Corporate Affairs (MCA), Government of India (GOI) has on 7 June 2011 decided vide General Circular No.36/2011 to modify the existing route through e-form – 61 and has prescribed the ‘Fast Track Exit mode Guidelines’ (the FTE Guidelines) for defunct companies under section 560 of the Act.

Mere allegation that no-claim certificates have been obtained under financial duress and coercion, does not lead to an arbitrable dispute – SC

June 14, 2011 3037 Views 0 comment Print

Union of India & Ors. Vs. M/s. Master Construction Co. (Supreme Court) – If a contractor alleges that he had signed a ‘no-claim’ certificate on the work done by him was under fraud, duress or undue influence, he must show evidence before the dispute is sent for arbitration. A bald allegation of duress will not do, the Supreme Court has stated in the judgment, Union of India vs Master Construction Company. In such cases the Chief Justice/his designate must look into this aspect to find out at least, prima facie, whether or not the dispute is bona fide and genuine.

Real Estate Regulation Bill, 2011 to protect home buyers from fly-by-night developers soon

June 12, 2011 1400 Views 0 comment Print

The much-awaited Real Estate Regulation Bill, 2011, which seeks to protect home-buyers from fly-by-night developers, is under process of consultation by various ministries. ‘The draft Bill is almost being finalised. We have sent the Bill to Law Ministry for their approval and subsequently we will sending it to other ministries for approval,’Ministry of Housing and Urban Poverty Alleviation joint secretary SK Singh said today.

No Review of a Judgment, If Appeal Already Decided

June 10, 2011 820 Views 0 comment Print

Recently, hon’ble Supreme Court in Gangadhara Palo Vs The Revenue Divisional Officer & Another {(2011) 4 SCC 602; Decided on 08.03.2011} has held that there can be no review of a judgment, if appeal has already been decided. The Court observed the principles as follows.

Insurance – Levy of Penalty under section 105B of the Insurance Act, 1938

June 9, 2011 1782 Views 0 comment Print

ORDER NO. IRDA/F&I/ORD/RSS/114/06/2011, DATED 7-6-2011 – The insurer was obliged under sections 32B and 32C of the Insurance Act, 1938 read with the IRDA (Obligations of Insurers to Rural or Social Sectors) Regulations, 2002, as amended from time to time, to cover prescribed percentage of Gross Direct Premium in the Rural Sector and prescribed number of lives in the Social Sector of its general insurance business.

2G Scam – Raja threatened staff to favour Swan, Unitech over Tata group – CBI

June 9, 2011 1076 Views 0 comment Print

Former telecom minister A Raja and his staff threatened and coerced officials in giving preference to Swan Telecom and Unitech over Tata group in the award of telecom licences, CBI has informed the Joint Parliamentary Committee probing the 2G scam.

Need to amend Prevention of Corruption Act – SC

June 9, 2011 408 Views 0 comment Print

Amidst growing demand of the civil society for a strong anti-graft law and confiscation of black money, the Supreme Court sought amendment to the Prevention of Corruption Act (PCA) to root out corruption in the country. A bench of justices B S Chauhan and Swatanter Kumar also favoured amendment to the Drugs and Cosmetics Act, 1940, to tackle spurious drugs. In this country, if there are two laws that need to be changed or amended to act as a deterrent, they are laws relating to anti-corruption and sale of spurious drugs, the bench said on Wednesday while dismissing the appeal of an Assistant Excise Commissioner in a graft case.

Insurance – Report of the Committee on Bancassurance

June 8, 2011 1450 Views 0 comment Print

The IRDA had constituted a Committee on Bancassurance vide Order No. IRDA/AGENTS/ORD/02/APR 2009, dated May 4, 2009 to study the distribution of insurance products through Banks. The Committee had invited for comments/views from key stakeholders, insurers, consumer associations, distributors, etc., and after analysis of these views the Committee had submitted their recommendations to the IRDA on 26th May, 2011. Chairman, IRDA had addressed the Governor, Reserve Bank of India for his remarks on the recommendations made by the Committee.

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