Corporate Law news

PM launches National Pension Scheme for Traders and Self Employed Persons

National Pension Scheme for Traders and Self Employed Persons Yojana is a government scheme meant for old age protection and social security of Small Scale Traders and Retailers....

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Posted Under: Corporate Law |

CCI needs careful oversight on data to prevent amassing of power in one conglomerate

CCI needs careful oversight on data to prevent amassing of power in one conglomerate in market: NITI Aayog Vice-Chairman The usage of data by people in e-commerce needs a careful oversight as when combined with modern technology, it gives unprecedented market power to the platforms which can be used for benefits of consumers as much as [...

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Posted Under: Corporate Law |

Suggestions for speedy disposal of matters & effective administration of justice

We desire that in the new India Vision, the role of the judiciary cannot be left behind. As per the newspaper reports, your honour will be addressing the Conference of Chief Justices and Chief Ministers on 1-9-2019. We are making an appeal to your honour to consider the following issues to aid in the speedy disposal of the tax matters bef...

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Posted Under: Corporate Law |

FM: CCI should safeguard Indian enterprises from abuse by overseas entities

Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman said here today that Competition Commission of India (CCI) should ensure Indian enterprises are safeguarded from abuse by entities operating from other jurisdictions. Smt. Sitharaman was speaking at the 10th anniversary celebrations of the CCI. Smt. Sitharaman said tha...

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Posted Under: Corporate Law |

Key recommendations of Competition Law Review Committee report

Report of the Competition Law Review Committee submitted to Union Finance and Corporate Affairs Minister Key recommendations include introduction of a ‘Green Channel’ for combination notifications to enable fast-paced regulatory approvals of mergers and acquisitions Shri Injeti Srinivas, Secretary (Corporate Affairs), today presented ...

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Posted Under: Corporate Law |

CCI finds conduct & practice of JP Associates in contravention of Law

Competition Commission of India finds the conduct and practice of Jaiprakash Associates Limited to be in contravention of Competition Law The Competition Commission of India (CCI) has found Jaiprakash Associates Limited (JAL) to be in contravention of the provisions of Section 4 of the Competition Act, 2002 (Act) for abuse of dominant pos...

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Posted Under: Corporate Law |

Consumer Protection Act to be more holistic & stringent to protect consumer interest

The Consumer Protection Act, 2019 to be more holistic and stringent to protect interest of consumers: Shri Ramvilas Paswan The Consumer Protection Act 2019 will be more holistic and  stringent once the rules are framed to protect the interest of the Consumer ,stating this at a press conference today Union Minister for Consumer Affairs ,F...

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Posted Under: Corporate Law |

IBBI prescribes CPE requirement for IP Professionals

(a) An IP shall undertake CPE in compliance with these Guidelines to keep his registration valid. (b) Authorisation for assignment shall not be issued or renewed to an IP who fails to comply with these Guidelines. (c) These Guidelines shall not apply to IPs who have completed the age of 65 years....

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Posted Under: Corporate Law |

CCI imposes penalty on SAAR IT Resources Private Limited and others

Competition Commission of India (‘Commission’) after detailed inquiry has found SAAR IT Resources Private Limited, CADD Systems and Services Private Limited and Pentacle Consultants (I) Private Limited  to be in contravention of the provisions of Section 3(3)(d) read with Section 3(1) of the Competition Act, 2002 (‘Act’),  ...

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Posted Under: Corporate Law |

Parliament passes Unlawful Activities (Prevention) Amendment Bill, 2019

Rajya Sabha passed the Unlawful Activities (Prevention) Amendment Bill, 2019 today. Union Minister for Home Affairs, Shri Amit Shah, replying to the debate on the Bill, appealed to the House to pass the bill unanimously to send a strong message to the world that terrorists are the enemies of humanity and India is committed to finish terro...

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Posted Under: Corporate Law |

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