Corporate Law - Page 3

Bombay HC Stays Evictions, Dispossessions, Demolitions Till 07.05.2021

In re Court On Its Own Motion (Bombay High Court)

In re Court On Its Own Motion (Bombay High Court) The second wave of the pandemic, arising out of COVID-19 virus, has been wreaking havoc just as the first wave did in the year that went by. To combat the rising second wave, the Government of Maharashtra in the Department of Revenue and Forest, Disaster […]...

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Liability shown in balance sheet can amount to acknowledgement of debt : SC

Asset Reconstruction Company (India) Limited Vs Bishal Jaiswal & Anr. (Supreme Court of India)

Asset Reconstruction Company (India) Limited Vs Bishal Jaiswal & Anr. (Supreme Court) An exhaustive judgment of the Calcutta High Court in Bengal Silk Mills Co. v. Ismail Golam Hossain Ariff, 1961 SCC OnLine Cal 128 : AIR 1962 Cal 115 [“Bengal Silk Mills”] held that an acknowledgement of liability that is made in a balance [&helli...

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Trade Union & Dispute Settlement under Industrial Relation Code 2020

Trade Union & Dispute Settlement under Industrial Relation Code 2020.  On September 28th, the Lok Sabha passed 3 new labour codes namely  the Industrial Relations Code, 2020, the Occupational Safety, Health and Working Conditions Code, 2020 and the Code on Social Security, 2020 among which Industrial Relations Code has encompassed T...

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Posted Under: Corporate Law |

IRDAI fines Bajaj Allianz General Insurance Company Ltd.

Ref: IRDAI/NL/ORD/MISC/092/04/2021 17/04/2021

The inspection, inter-alia, revealed that the insurer had been transacting motor insurance business through certain Automobile Dealers without appointing them as Motor Insurance Service Providers (MISP) to distribute and/ or service motor insurance policies. Based on the motor insurance premium register for the period 1st November, 2017 t...

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Insolvency Ordinance on Pre-packaged Deals – A Lifeline in Havoc

The IBC region witnessed another IBC amendment ordinance 2021 that provides relief to the micro, small and medium enterprises.  Any default of one crore or less can be initiated under the pre-packaged process by the corporate debtor....

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Posted Under: Corporate Law |

E Commerce business operations in non essential items under Covid guidelines

Confederation of All India Traders has requested Minister of Commerce and Industry Shri Piyush Goyal to intervene & ensure that e-commerce companies are not allowed to deliver non-essentials in States where lockdown has been announced as same is Extremely important to maintain parity between online & offline trade. Confederation o...

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Posted Under: Corporate Law |

Production Linked Incentive Scheme (PLI) For White Goods (Air Conditioners and Led Lights) Manufacturers In India

Notification No. F. No. P-29014/101/2020 16/04/2021

The Government has approved the Production Linked Incentive (PLI) Scheme for White Goods (Air Conditioners and LED Lights) to be implemented over FY 2021-22 to FY 2028-29 with a budgetary outlay of Rs. 6,238 crore....

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Pharma companies reduces prices of major brands of Remdesivir

File No. 37008/2021/Div.VI/NPPA 17/04/2021

On the intervention of the Government, the major manufacturers/marketers of ‘Remdesivir injection’ have reported voluntary reduction in Maximum Retail Price (MRP). The revised prices of major brands of ‘Remdesivir injection 100mg/Vial’ are as follows:...

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Covid reports (positive) to be given to patient first, then upload on ICMR website: HC

Court on its own motion Vs Union of India and others (Bombay High Court)

After making the reports available to the patients on Whatsapp as also hard copy of it, the reports of the patients, who test positive shall be uploaded on the ICMR portal within 24 hours and the reports of the patients who test negative should be uploaded on the ICMR portal within 7 days and if these directions are not complied with by t...

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ICSE (Class X) and ISC (Class XII) exams deferred

In the light of the nationwide surge in Covid 19 cases, the CISCE has decided to defer the ICSE (Class X) and ISC (Class XII) board examinations scheduled to be held from May 4, 2021....

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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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April 2021