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Corporate Law : Filing the yearly return ensures transparency and keeps the authorities up to date on the LLP’s economic and operational fame. I...
Corporate Law : Amalgamation is the process where two or more companies combine to form a single entity, often with the goal of achieving greater ...
Corporate Law : Learn how Intellectual Property Rights impact commercial contracts, including ownership, licensing, dispute resolution, and key co...
Corporate Law : Understanding territorial jurisdiction under Section 138 of the NI Act. Key rulings and amendments explain where cheque bounce cas...
Corporate Law : Learn who must file LLP annual returns in India and how to do it. Understand filing requirements, deadlines for Forms 11 and 8, an...
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 : Rupee depreciation affects imports and exports. RBI intervenes to manage volatility, using forex reserves to stabilize the currenc...
Corporate Law : Clarification on share certificate claims under Rs. 5 lakh, legal heir acceptance, and applicant authenticity measures by the Inve...
Corporate Law : Government clarifies the status of Barshi Textile Mills under IBC 2016, addressing worker payments, company status, and cooperativ...
Corporate Law : Karnataka HC upholds Flipkart's stance on TDS under Section 195, ruling seconded employees' salaries as reimbursements, not taxabl...
Corporate Law : Charging tolls on bad roads was unfair and ordered an 80% reduction in toll fees at 2 key toll plazas as tolls were meant to provi...
Corporate Law : Calcutta High Court held that gratuity doesn’t form part of liquidation estate. Hence, entire dues of workers would not come und...
Corporate Law : NCLAT Delhi held that rejection of resolution plan of appellant justified as CoC deliberated and discussed the Resolution Plan of ...
Corporate Law : High Court failed to examine whether the complaint, even if taken at face value, established the personal liability of the directo...
Corporate Law : FSSAI directs FBOs to update Form IX nominee details and enables auto-approval for Non-Form C modifications in FoSCoS from Februar...
Corporate Law : The Immigration and Foreigners Bill 2025, introduced in Lok Sabha, consolidates laws on passports, visas, and foreigner registrati...
Corporate Law : IRDAI permits insurers to use Bond Forwards for hedging, subject to compliance with RBI directions, prudential norms, and operatio...
Corporate Law : IRDAI allows insurers to undertake Bond Forwards for hedging under specific conditions, aligning with RBI’s 2025 guidelines on...
Corporate Law : IBBI rejects RTI appeal seeking detailed breakup of Dalmia Cement claims in Jaiprakash insolvency case, citing unavailability of d...
Terming existing corporate laws as complex and not conducive to overseas M&A by domestic firms, CII today asked the government to facilitate such deals by easing regulatory norms to increase the presence of Indian firms in global markets.
Shri Murli Deora, Union Minister for Corporate Affairs and Shri R.P.N. Singh, Minister of State for Corporate Affairs had an Interactive Session with corporate India on the initiatives of Ministry of Corporate Affairs, namely, Companies Bill and Inte
The government has proposed to amend the Patent Rules and make e-filing of applications compulsory in order to bring clarity and efficiency. The commerce ministry’s Department of Industrial Policy & Promotion (DIPP) has come out with a draft and aske
The SC last week stated that in a case of compensation for the accidental death of a person who is yet to retire from his job, the future salary increments and pension benefits should be computed to arrive at the final award. It quashed the order of the Karnataka HC as “perverse” for not considering the future prospects of the deceased person and reducing the damages. The motor accident claims tribunal had awarded Rs 14 lakh to the dependents of the person, aged 53, who died in a road accident. The high court reduced it to Rs 11 lakh.The SC raised the compensation to Rs 18 lakh in the case, K R Madhusudhan vs Administrative Officer.
Delay in filing a first information report (FIR) of an accident is no ground to deny compensation under the Motor Vehicles Act, the Supreme Court stated in the case, Ravi vs Badrinarayan. In this case, an 8-year-old boy was hit by a motor vehicle and he was taken to the hospital by his father and others. The report was filed after three months, as the child suffered severe permanent injuries. He lost control of his kidney function. The motor vehicles tribunal and the Rajasthan high court, however, dismissed the claim for compensation on the ground that the FIR was not filed immediately. Reversing this view, the Supreme Court awarded him Rs 2.5 lakh. It said: “Knowing the Indian conditions as they are, we cannot expect a common man to first rush to the police station immediately after an accident. Human nature and family responsibilities occupy the mind of kith and kin to such an extent that they give more importance to get the victim treated rather than to rush to the police station. Under such circumstances, they are not expected to act mechanically with promptitude in lodging the FIR.”
No suo-moto investigation is being carried out by the Ministry of Corporate Affairs into telecom companies involved in 2G Spectrum case within the Provisions of the Companies Act 1956. However, clarification and/or information are provided as and whe
CIRCULAR NO. IRDA/CHM/MISC/CIR/029/02/2011, DATED 10-2-2011 All the insurers are required to comply with the File and Use procedure for each product that is being offered in the market. However, with regard to the insurance products offered by insurers for schemes sponsored by the State and Central Governments, it is noted that the insurers are expected […]
PRESS RELEASE Ref: — Date: 10-02-2011 Portability of Health Insurance Policies There have been several representations from consumer associations and policyholders for enabling portability of health insurance policies from one insurer to other insurer. Persons shifting from one region to other regions are many times put to disadvantage due to lack of insurers’ office providing […]
The sector regulator IRDA today said guidelines for initial public offer of life insurance companies will be out within the next 10 days. “The IPO guidelines for life insurance companies should be out in next 10 days,” IRDA Chairman J Harinarayan to
There have been several representations from consumer associations and policyholders for enabling portability of health insurance policies from one insurer to other insurer. Persons shifting from one region to other regions are many times put to disadvantage due to lack of insurers’ office providing necessary policy servicing at the new location. Further, employees shifting from one organization to another organization many times lose health insurance cover due to lack of portability of the health insurance policies. It is essential to protect the policyholders against discontinuity and consequential loss of Pre Existing Diseases (PED) cover by making the health insurance plans portable across the insurance companies. The portability will also ensure that the policyholder is not tied to one single insurer throughout his life for fear of losing the cover of PED.
