Corporate Law - Page 20

Food Safety and Standards (Organic Foods) First Amendment Regulations, 2021

F. No. Stds./Organic/Notification-01/FSSAI-2019 14/10/2021

FSSAI has notified a new set of Regulations vide Notification No. F. No. Stds./Organic/Notification-01/FSSAI-2019 Dated: 14th October, 2021 to amend the existing Food Safety and Standards (Organic Foods) Regulation, 2017. The said Regulations shall come into force on the date of their publication in the Official Gazette and food business ...

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Boiler Accident Inquiry Rules, 2021

Notification No. G.S.R. 743 (E) . 14/10/2021

(1) These rules may be called the Boiler Accident Inquiry Rules, 2021. (2) They shall come into force on the date of their publication in the Official Gazette....

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IBC 2016- Homebuyers As Financial Creditors

This article talks about the rights which are available to the flat buyers under IBC after commencement of CIRP against the builder. HOMEBUYERS AS FINANCIAL CREDITORS The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 inserted an Explanation under Section 5(8) (f) which clarified that payments made by an allottee under a re...

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Posted Under: Corporate Law |

Dr. Navrang Saini given additional charge as Chairperson, IBBI

Press Releases No. IBBI/PR/2021/26 13/10/2021

Central Government today assigned additional charge of Chairperson, Insolvency and Bankruptcy Board of India (IBBI) to Dr. Navrang Saini, Whole Time Member, IBBI, in addition to his existing duties for a period of three months from today or till the joining of a new incumbent to the post or until further orders, whichever is earlier....

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CCI issues cease and desist order against firms found guilty of bid rigging and cartelization in tender floated by Eastern Railway

CCI issues cease and desist order against firms found guilty of bid rigging and cartelization in tender floated by Eastern Railway The Competition Commission of India (CCI) issued a final order today against eight firms which were found to have contravened the provisions of Section 3(1) of the Competition Act, 2002 read with Section 3(3)(...

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Posted Under: Corporate Law |

Beneficial scheme cannot run contrary to express terms of provisions

Union of India Vs Abhiram Verma (Supreme Court of India)

In present facts of the case, the Hon’ble Apex court while allowing the Appeal have made distinction between 'resignation' and 'voluntary retirement' and have held that having tendered the 'resignation', the respondent has to suffer the consequences and now cannot be permitted to take ‘U’ turn and say that what the respondent wanted...

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Pre-packaged Insolvency Resolution Process (PPIRP)

The Ministry of Corporate Affairs has notified the provisions related to Pre-pack Insolvency Process for Micro, Small and Medium Enterprises (MSMEs) registered under Micro, Small and Medium Enterprises Development Act, 2006. PPIRP is aimed at helping a Corporate Debtor (CD) restructure its debts, so that it may start afresh. It seems this...

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Posted Under: Corporate Law |

Licence For Cosmetics Manufacturing, Sale & Distribution in Uttar Pradesh

This article will take you through the process for obtaining the licence for  cosmetics as per the drugs and cosmetic act 1945  The detailed process for obtaining license under the act are as follows- Manufacture on more than one set of premises (SECTION 137) If cosmetics are manufactured on more than one premises, a separate […]...

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Stamp Duty refund cannot be denied for delay in Application due to Judicial Proceedings

Rajeev Nohwar Vs Chief Controlling Revenue Authority Maharashtra State, Pune and Others (Supreme Court of India)

Since the delay in filling the application for refund in the instant case was due to the prolonged proceedings before the NCDRC, the application cannot be rejected on the ground of delay. A litigant has no control over judicial delays. A rejection of the application for refund would violate equity, justice and fairness where the applicant...

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All about Indemnity and Guarantee under Indian Contract Act of 1872

♦ INDEMNITY: Old English law defines indemnity as a promise to save a person harmless from the consequences of an act. It can be express or implied. According to Section 124 of the Indian Contract Act, 1872, “A contract by which one party promises to save another from loss caused to him by the conduct […]...

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Posted Under: Corporate Law |

Corporate Law News

Corporate law deals with the operations and formation of corporations and is related to contract and other commercial law. Corporations are legal entities which are created through the incorporation laws of the state, the corporation is a legal and a distinct person which can sue and can be sued, separate from the stockholders. Until a corporation formally dissolves, it has a perpetual life; the demise of its stockholders or officials does not amend the structure of the corporation. Creation, operation, and their dissolution are governed by several laws such as the Company Law, Insolvency and the Bankruptcy law, Real Estate law, Gratuity Act, Minimum wages Act, Negotiable Instrument Act, Essential Commodities, SRFAESI Act, Competition Act, FDI Regulations etc.

At Taxguru, we provide you the latest corporate law news and corporate law articles. Learn about all the important developments in the corporate laws with our extensive coverage of the latest news on corporate law. Our group of expert law professionals provides a cohesive and comprehensive understanding of all the Indian corporate and other allied laws. At Taxguru, we cover all the aspects of corporate law and all the major laws and regulations as mentioned above. We regularly post blogs and articles on corporate law for the benefit of our viewers. Keep a track of all the significant notifications and updates on corporate law with us. Get to know more on the corporate law here at Taxguru.

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