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Corporate Law : Learn the legal due diligence process, key review areas, challenges, and the role of corporate lawyers in business transactions an...
Corporate Law : Article examines LLM risks in tax practice and outlines a framework for verification, confidentiality, citation checks, and profes...
Corporate Law : A UAE visa or company does not establish tax residency. Tax depends on residence tests, income, management, and supporting evidenc...
Corporate Law : P&H HC refused regular bail under the UAPA, holding prima facie material linked the accused to the alleged conspiracy and funding ...
Corporate Law : Article examines persistent exam paper leaks, their causes, impact on students, and suggests technology, stricter enforcement, eth...
Corporate Law : PIB outlines the FCRA framework, proposed 2026 Amendment Bill and notified Rules covering registration, reporting, asset vesting a...
Corporate Law : PIB outlines the FCRA 2026 Amendment Bill and revised Rules, covering registration, reporting, asset vesting, renewal, investigati...
Corporate Law : DRI dismantled an alleged Mephedrone manufacturing facility in Ankleshwar, seized drugs, chemicals and ₹21 lakh, and arrested th...
Corporate Law : MSME Ministry outlines CGTMSE measures including ₹10 crore guarantee ceiling, reduced AGF, enhanced coverage and awareness initi...
Corporate Law : Government outlines FTAs, Export Promotion Mission, e-commerce export reforms and logistics initiatives to diversify export market...
Corporate Law : Kerala High Court held the property was not partible, upheld mandatory injunction for vacant possession, and dismissed the partiti...
Corporate Law : HC allowed the appeal against conviction under Section 13(1)(e) of the Prevention of Corruption Act after examining investigation,...
Corporate Law : HC upheld quashing of a vague wilful defaulter notice but allowed fresh proceedings under the RBI Master Circular with proper part...
Corporate Law : Supreme Court dissolved marriage under Article 142 citing irretrievable breakdown after over a decade of separation, while allowin...
Corporate Law : Supreme Court held that IBC moratorium against corporate and personal guarantors does not bar recovery proceedings against a princ...
Corporate Law : IRDAI directs insurers to submit SCNs within 7 days, additional documents within 3 days, and clear pending requests within 30 days...
Corporate Law : Instruction No. 124 dated July 23, 2026 directs RFID seals for SEZ export containers under valid LEOs to ensure uniform acceptance...
Corporate Law : Notification S.O. 4049(E) amends the PMLA Special Courts notification, designating additional courts and jurisdiction in Gujarat f...
Corporate Law : DPIIT Press Note No. 3 of 2026 permits inventory-based e-commerce for exports of goods made in India, effective from the date of t...
Corporate Law : Government notifies the Employees’ Provident Funds Scheme, 2026, replacing the 1952 Scheme and introducing updated EPF, enrolmen...
Relaxing rules for foreign direct investment (FDI) in the country, the Government today decided to permit issuance of equity to overseas firms against imported capital goods and machinery. — D. Gopalakrishnan
The Reserve Bank on Wednesday prohibited Non-Banking Finance Companies (NBFCs) from contributing to the capital of a partnership firm or become a partner of such entities. The central bank also asked NBFCs, which have already contributed capital or are partner in such firms, to exit from such arrangements at the earliest.
K.K. Velusamy Vs. N. Palanisamy (Supreme Court) – A compact disc containing recording of telephone conversation could be valid evidence according to Section 3 of the Evidence Act and Section 2(t) of the Information Technology Act, the Supreme Court has stated in the case, K K Velusamy vs N Palanisamy. One of the parties in a suit over sale of property produced a CD in the court as evidence. The opposite party objected to its validity as evidence, arguing that the recordings were created with the help of mimicry specialists. In this context, the Supreme Court stated that electronically recorded conversation is admissible in evidence, if the conversation is relevant to the matter in issue and the voice is identified and the accuracy of the recorded conversation is proved by eliminating the possibility of erasure, addition or manipulation. A CD recording of a relevant conversation is comparable to a photograph of a relevant incident.
Faced with high defaults in provident fund contributions by employers, the Employees Provident Fund Organisation , or EPFO, has decided to give monthly updates of contributions instead of an annual statement. The EPFO expects this will bring instances of defaults by employers to the notice of workers, who, in turn, will put pressure to demand their dues.
The Supreme Court allowed the appeal of Dedicated Freight Corridor Corporation of India and upheld the acquisition of land in Etawa, Uttar Pradesh for a project. The complaint of the land losers was that the award of compensation for the acquisition was not given within the prescribed one year from the declaration. The Supreme Court ruled that though there was delay in the award, the acquisition itself did not lapse according to the provisions of the Railways Act. However, the court further said that the delay will entitle the land losers to get additional compensation at a rate not less than 5 per cent of the value of the award for each month of delay.
The second respondent (referred to as the `Developer’) entered into a development agreement with the owners of certain lands at Bachupally village, Qutubullapur Mandal, Ranga Reddy District, for constructing independent houses and multistoried Apartment buildings with common facilities in a layout known as `Hill County township’. The landowners as the first party, the developer as the second party and the first respondent who wanted to acquire an apartment therein as the third party entered into an agreement for sale dated 16.10.2006 under which the land-owners agreed to sell an undivided share equivalent to 87 sq.yds. out of a total extent of 16.95 acres to the first respondent and the developer agreed to construct a residential apartment measuring 1889 sq.ft. for the first respondent. The total consideration for the undivided share in the land, apartment and car parking space was agreed as Rs.55,89,368. The agreement contemplating the entire price being paid in installments, that is 10% on booking, 85% in seven instalments upto 15.3.2008 and 5% at the time of delivery. Clause (14) of the said agreement dated 16.10.2006 provided for settlement of disputes by arbitration.
Maharashtra Government is in the process of formulating a comprehensive labour policy in order to promote harmonious relationship between employers and workers. “The policy provides guidelines on the interaction between the workers and employers in the organised sector, on role of trade unions and employer’s organisations and also guideline for protection of workers in the unorganised sector, including those who are self-employed,” Principal Secretary (Labour) Dr Kavita Gupta said.
Wipro Chairman Azim Premji on Thursday came out strongly against the idea of formulating laws on mandatory spending by industry on corporate social responsibility. “I don’t think you generate CSR by putting statutory requirements. I think there is enough social consciousness among the larger companies to drive it on the basis of what they consider their responsibility,” he said.
Reference is invited to circulars ref. IRDA/CAD/GDL/AGN/016/02/2011 dated 11th February, 2011& IRDA/CAD/GDL/AGN/016/02/2011 dated 14th February, 2011 prescribing guidelines relating to individual agents in respect of life insurance and Non Life Insurance respectively. Vide the above referred circular dated 11th February, 2011 issued in respect of life insurance the Authority has put in place certain persistency bench marks for individual life insurance agents. The Authority has also mandated all insurers vide above circulars to lay down Minimum Business requirements for agents which shall be incorporated in agency agreements.
On 4 March, 2011, the Ministry of Corporate Affairs issued four draft notifications relating to Combinations whereby: 1. 1 June, 2011 has been appointed as the date on which the provisions relating to Combinations would come into force; 2. The threshold limit prescribed in section 5 for an acquisition or merger to constitute a Combination requiring mandatory notification to the Competition Commission of India (CCI) has been raised by 50%, on the basis of the wholesale price index. The Act currently prescribes the following thresholds:
