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Corporate Law : The article explains visa requirements, documentation, and compliance obligations for foreign nationals seeking medical treatment ...
Corporate Law : The court ruled that using a registered trademark as a keyword to divert online traffic can amount to trademark infringement. The ...
Corporate Law : LMPC Registration is mandatory for manufacturers, packers, and importers of pre-packaged commodities. The key takeaway is that reg...
Corporate Law : The rise of GDPR, CCPA, and India’s DPDP Act is opening significant opportunities for Chartered Accountants. The key takeaway is...
Corporate Law : The document compiles 85 recent developments across financial regulation, anti-corruption enforcement, corporate investigations, a...
Corporate Law : The Competition Commission of India has proposed amendments to address administrative and procedural issues identified during impl...
Corporate Law : The Ministry of Corporate Affairs highlighted that the IBC resolution process facilitated creditor recoveries exceeding ₹4 lakh ...
Corporate Law : The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. T...
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Corporate Law : The CCI found a prima facie case against restrictive contractual clauses that allegedly prevented participants from joining compet...
Corporate Law : The Supreme Court ruled that Section 7 of the Prevention of Corruption Act covers attempts to obtain undue advantage through subor...
Corporate Law : The Tribunal held that for a guarantee payable on demand, limitation begins from the date the guarantee is invoked and not from th...
Corporate Law : The Authority found that a pre-selected donation mechanism added charges unless consumers actively opted out, impairing informed c...
Corporate Law : CCPA held that a subscription renewal interface using the phrase Accept Risk amounted to multiple prohibited dark patterns, includ...
Corporate Law : FSSAI has provided a transition period until 1 July 2027 for compliance with new vegan logo specifications. The amendment focuses ...
Corporate Law : FSSAI has amended the Food Safety and Standards (Prohibition and Restrictions on Sales) Regulations, 2011 by removing clause (8) o...
Corporate Law : The case involved a broker implementing substantial shareholding changes without obtaining IRDAI's prior approval as required by r...
Corporate Law : The regulator held that agreements lacking clear fee provisions undermined contractual clarity and regulatory compliance. A penalt...
Corporate Law : The First Appellate Authority held that details of the official who uploaded CIRP documents were exempt from disclosure under Sect...
The government plans to introduce a separate legislation to speed up insolvency proceedings and help distressed firms wind up operations quickly. The new law will shorten the legal processes involving insolvency operations of small and medium entities. The government is keen to make bankruptcy proceedings a time-bound procedure.
Limited liability partnership (LLP), the new business vehicle that the government introduced a year ago, is moving from one hurdle to another. While Budget 2010-11 has cleared the way for small companies to convert into LLPs through capital gains tax waiver, the commerce and industry ministry is now having second thoughts on allowing FDI in LLPs.
Favours check on downstream investments by firms with minority foreign shareholding. The finance ministry has proposed to tighten the foreign direct investment (FDI) regime in the country. It has sought to route a larger number of investments by companies where the foreign stakeholding is less than 50 per cent through the Foreign Investment Promotion Board (FIPB).
The Supreme Court (SC) last week dismissed the appeal of Maharashtra against the order of the Bombay high court in an arbitration dispute with Hindustan Construction Company Ltd. The company was given Stage IV of the Koyna Hydro Electric Project and differences arose over the amounts due and other issues. The disputes were referred to arbitration under the Arbitration and Conciliation Act.
Section 291 of the Companies Act provides that subject to the provisions of that Act, the Board of Directors of a company shall be entitled to exercise all such powers, and to do all such acts and things, as the company is authorized to exercise and do. A company, though a legal entity, can act only through its Board of Directors. The settled position is that a Managing Director is prima facie in-charge of and responsible for the company’s business and affairs and can be prosecuted
The Ministry of Corporate Affairs has specified five new categories of professions that are eligible for forming firms under the new limited liability partnership Act. Already approved by the Cabinet, these professions are over and above the earlier categories of chartered accountants, cost accountants and company secretaries to form LLP firms.
Internet-based money transfer service Paypal has resumed remittances to small-time exporters who will now have to report them as export revenue to Indian authorities. “Customers who rely on PayPal are now able to sell their goods and services around the world and withdraw money to their local bank accounts,” explained Anuj Nayar, director of global communications, PayPal.
The Central Information Commission (CIC) has ruled that excuses like ‘shortage of staff and work overload’ cannot be considered as reasons for not providing information under the Right to Information (RTI) Act and fined a local official for ‘delay’ in responding.
The commerce and industry ministry has recommended a ban on foreign direct investment in cigarette manufacturing and allied products involving tobacco, an official said. “We have sent the note to ban FDI in cigarette manufacturing and allied products to the Cabinet and it is expected to be taken up soon,” the official said.
With a very laudable objective of speedy disposal of cases, Alternative Dispute Resolution Mechanism (ADR) is mooted. Among the modes of Alternative Dispute Resolution Mechanism, Arbitration is most discussed issue always as many agreements or contracts contain an Arbitration Clause now-a-days. The difference between Arbitration Mechanism and the adjudication through Civil Court etc. issues can be summed up as follows:
