Corporate Law - Page 272

No additional Guidelines for the Issue of Compulsory Licences – DIPP

The Department of Industrial Policy and Promotion (DIPP) issued a Discussion Paper on Compulsory Licencing of Patents in August 2010. The Department received 38 responses. Ten of these responses were received from stakeholders based in countries outside India including Thailand, South Africa, USA , UK and Japan. Eleven responses were rece...

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Eros case – SC declines film traders' plea against Competition Commission of India(CCI)

The Supreme Court has declined to admit a plea by the Central Circuit Cine Association, an apex body of film traders, challenging investigations against it by the fair trade regulator Competition Commission of India(CCI). The association moved the court after it failed to get relief from the Competition Appellate Tribunal (CAT) on the poi...

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Posted Under: Corporate Law |

Authority inviting bids has the discretionary power to accept the bid or not – Supreme Court

Glodyne Techno serve Ltd. Vs. State of M.P. & Ors. (Supreme Court of India)

Glodyne Technoserve Ltd. Vs. State of M.P. & Ors. (Supreme Court) - The Supreme Court has dismissed the appeal of Glodyne Technoserve Ltd, which had bid for a project for issuing identity cards for the public distribution system in Madhya Pradesh. The government rejected it offer as it did not produce the latest ‘quality certificate’ ...

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Merely because the appellant had consumed alcohol did not mean that the driver of the vehicle did not need to drive the vehicle cautiously

Rudra Vs Divisional Manager, National Insurance Co. Ltd. & another (Supreme Court of India)

Rudra Appellant(s) versus Divisional Manager, National Insurance Co. Ltd. & another Respondent(s) - Motor Vehicles Act, 1988 — section 166 — claim petition under — the Tribunal concluded that merely because the appellant had consumed alcohol did not mean that the driver of the vehicle did not need to drive the vehicle cautiously. Th...

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Despite delay in award, land acquisition did not lapse according to the provisions of the Railways Act- SC

Dedicated Freight Corridor Corporation of India Vs. Subodh Singh & Ors. (Supreme Court of India)

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...

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Business Analytics Project – Short-listing of IT firms for the Financial Bidding (Phase-III)

Notification No. Ref:IRDA/IT/CIR/MISC/056/04/2011 (08/04/2011)

IRDA/IT/CIR/MISC/056/04/2011 Date:08-04-2011 Based on the detailed scrutiny of the Technical Proposals submitted by the various IT firms, subsequent clarifications and also based on the evaluation of the presentations made before the Technical Committee, the following IT firms have been short-listed for the Phase-III of Business Analytic...

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Central Government Revises the National floor level Minimum Wage (NFLMW) from Rs. 100 Per Day to Rs. 115 Per Day Effective from 01.04.2011

The Central Government has revised the National Floor Level Minimum Wage (NFLMW) from Rs. 100/- per day to Rs. 115/- per day effective from 01.04.2011, on the basis of the rise in the All – India Consumer Price Index for Industrial Workers during the period. The NFLMW is a non-statutory measure. Accordingly, all the State Governments/Un...

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IRDA issues new guidelines on telemarketing

NA (08/04/2011)

Tele-callers of insurance products should be trained according to the syllabus prescribed by IRDA and they should inform clients that the call is being recorded and that the client is entitled to a voice copy, according to the new guidelines issued by the insurance watchdog. "The training shall be for duration of not less than 25 hours as...

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Guidelines on Distance Marketing of Insurance Products

NA (05/04/2011)

Distance Marketing by Brokers- (i) Insurance brokers shall not exclusively promote the products of any particular insurer, and shall suggest the best available product in the market that fits the needs of the client. (ii) The price comparison charts that are displayed shall be up to date and reflect a true picture of all the ava...

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Imprisonment not must for issuer of bounced cheque – Supreme Court

Kaushalya Devi Massand Appellant Vs Roopkishore Khore (Supreme Court of India0

the ld. Magistrate viewed that imposition of a fine payable as compensation to the Appellant was sufficient to meet the ends of justice in the instant case. The High Court confirmed the order of the ld. Magistrate, with an increased fine — the Supreme Court held no interference with the order of the High Court, except to the extent of i...

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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.