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Corporate Law : Learn the detailed process for registering a political party with the Election Commission of India, including required documents, ...
Corporate Law : The arrest of advocate Zafar Ali highlights the urgent need for the Advocate Protection Act to safeguard legal professionals again...
Corporate Law : Explore key AI and data privacy legal developments in India since 2024, including the DPDP Act, TRAI rules, court cases, and globa...
Corporate Law : BNSS aims to speed up justice in India, but are core issues like adjournments and judge shortages addressed? Explore the gaps and ...
Corporate Law : The study explores the types of foreign investments—Foreign Direct Investment (FDI), Foreign Institutional Investment (FII), Ext...
Corporate Law : CAIT raises concerns about deceptive opinion trading platforms, urging action to prevent user harm and ensure compliance with IT R...
Corporate Law : Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2024; fines apply fo...
Corporate Law : List of audit firms yet to file NFRA-2 for 2022-23. Filing deadline was 30.11.2023; penalties apply for non-compliance. Late submi...
Corporate Law : CCI investigated 35 cartels, signed MoUs with global regulators, introduced 'Lesser Penalty Plus,' and conducted 1,446 advocacy ev...
Corporate Law : NPS Vatsalya Scheme, launched on 18th September 2024, is a contributory pension plan aimed at fostering a fully pensioned society....
Corporate Law : Gujarat High Court allows condonation of delay in filing Form 10B for a charitable trust, overturning CIT order and directing tax ...
Corporate Law : The borrowers defaulted on loan repayment, prompting the petitioner to initiate proceedings under the SARFAESI Act. Physical posse...
Corporate Law : Madras High Court directs the Regional Passport Office to process Seeniselvam’s passport application despite a pending crimina...
Corporate Law : Karnataka High Court held that once the dispute is referred to the Labour Court or the Tribunal, the Government will have no power...
Corporate Law : Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordi...
Corporate Law : Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MS...
Corporate Law : IBBI issues disciplinary order against insolvency professional Umesh Poddar for delayed disclosures and auction process irregulari...
Corporate Law : RTI appeal seeking CIRP status and payment timeline of Future Supply Chain dismissed due to an 8-month delay beyond the deadline. ...
Corporate Law : Hinges (Quality Control) Order 2025 mandates Indian Standards compliance for hinges, with exemptions for exports and R&D. Effectiv...
Corporate Law : The Bhavishya portal is mandatory for processing central government pension cases since 2017, ensuring timely settlements per CCS ...
The Supreme Court held recently held in the case of Pushpa @ Leela & Ors. Versus Shakuntala & Ors that the insurance company will be liable to pay compensation for road accident death even if the owner had sold the vehicle so long as his name is the official register. The previous owner might have handed over possession of the vehicle to the buyer, but he and his insurer continued to be liable to pay compensation to third parties if the insurance policy is in his name. In this case, Pushpa vs Shakuntala, the owner sold the truck to another person. But the vehicle was insured by Oriental Insurance Company in the previous owner’s name. There was an accident killing three persons. Their dependents moved the motor accident claims tribunal against Oriental and the previous owner. The tribunal and the Himachal Pradesh high court held that the previous owner had no liability as he was no longer the owner of the vehicle. They ruled that the new owner alone was liable to pay. The dependents appealed to the Supreme Court. The insurance company argued in the Supreme Court that the liability should entirely be that of the new owner as the old owner had lost control of the vehicle after the sale. Reversing this view, the Supreme Court made the insurance company liable to pay the compensation amount.
Section 397/398 of the Companies Act, 1956 provides a relief to the minority against the majority if the majority indulges in the oppressive acts and the acts of mismanagement. It is not that every shareholder can avail the remedy available under section 397/398 of Companies Act, 1956 and section 399 specifically deals with the issue as qualification to file a petition under section 397/398 of the Act. Section 399 of the Companies Act, 1956 substantially provides as follows:
CIRCULAR NO. IRDA/TPA/GDL/CIR/008/01/2011, DATED 12-1-2011 1. It has come to the notice of the Authority that in some instances policyholders could not get cashless facility at the hospital approached, due to change in the network hospitals and/ or the servicing TPA by the insurers, about which the policyholder was not properly informed. 2. Where the […]
The Reserve Bank has found violation of foreign investment guidelines by the BCCI, the parent body of the Indian Premier League (IPL), which organises Twenty20 cricket tournament. RBI, according to sources, has discovered violation of norms by the
The Madurai bench of the Madras High Court has ruled that Government cannot deny retirement benefits to an employee who was asked to go on conditional retirement because charges against him were pending. A Division Bench of Justice R.Banumathi and J
Section 13 of the Special Economic Zones Act, 2005 – Constitution of Approval Committee for such SEZ notified during 2006 to 2008 without simultaneously notifying constitution of Approval Committee and deemed status of Inland Container Depot for SEZs NOTIFICATION NO. S.O. 3042(E), DATED 24-12-2010 Whereas, the Central Government, in exercise of the powers conferred by […]
The Enforcement Directorate has sought a copy of the FIR filed by the police on the Rs 400 crore Citibank fraud with a view to lodge a separate case of money laundering against the perpetrators of the scam. Official sources said the directorate has
The Insurance Regulatory and Development Authority (Irda) today asked insurance companies to refrain from charging policyholders differential premium without prior approval of the watchdog. In the papers submitted to Irda before launching any product
On October 1, 2008, the Ministry of Labour and Employment, Government of India (“MLE”) made it compulsory for International Workers to contribute to Indian social security by notifying the Employees’ Provident Funds (Third Amendment) Scheme 2008 and
Corporate Affairs Minister Salman Khurshid today said the April 2011 deadline for the transition of Indian accounting standards to international norm IFRS will be met and all issues, especially those related to tax implications, have been resolved.
