Corporate Law - Page 30

Ombudsman Scheme Under Insurance Industry

OMBUDSMAN: An Ombudsman is an officer ,appointed by the Government , who investigate complaints ,lodged by citizen against Government, Universities, Colleges , Municipalities, Companies, Financial Institutions etc., and attempt to resolve the complaint with mediation or marking recommendations. “Ombudsman” is taken from a Swedish word...

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Supreme Court: Period from 15.03.2020 to 14.03.2021 to be excluded from limitation period

SC lifted the extension of the limitation period for filing of cases, granted by the Court vide Order dated March 23, 2020 on account of COVID-19 pandemic and the national lockdown which was extended from time to time ...

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Timely payment of retirement benefits to the retiring employees

No. 3(6)/2021-P&PW(H)-7083 09/03/2021

The undersigned is directed to say that timelines have been prescribed under the CCS (Pension) Rules, 1972 for each activity involved in the processing of a pension case and for payment of pension and gratuity to a retiring Government servant. As per this timeline, the process of verification of service and other preparatory work should b...

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Over 110019 loans extended since launch of ‘Stand up India’ scheme

Over 1,10,019 loans have been extended since the launch of ‘Stand up India’ scheme as on 31.01.2021 since its inception and beneficiaries can get a loan of ₹ 10 lakh to ₹ 1 crore to start or increase their business....

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Posted Under: Corporate Law |

Conversion of Private Limited Company Into LLP – Procedure & FAQs

Article explains Regulatory Framework for Conversion of Private Limited Company into LLP, Eligibility criteria under LLP Act for conversion of Private Company into LLP, Pre-Conditions for Conversion of Private Limited Company into LLP, Companies which cannot be converted into LLP, Intimation about Conversion, Notice of conversion in corre...

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Analysis of SC case on Time limit Limitation on proceedings during Covid-19 pandemic

Due to the onset of COVID-19 pandemic, The Hon’ble Supreme Court took suo motu cognizance of the situation arising from difficulties that might be faced by the litigants across the country in filing petitions/ applications/suits/appeals/all other proceedings within the period of limitation prescribed under the general law of limitation ...

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Posted Under: Corporate Law |

SC excludes period from 15.03.2020 till 14.03.2021 in Limitation Computation

In Re: Cognizance For Extension of Limitation (Supreme Court of India)

In Re: Cognizance For Extension of Limitation (Supreme Court of India) 1. In computing the period of limitation for any suit, appeal, application or proceeding, the period from 15.03.2020 till 14.03.2021 shall stand excluded. Consequently, the balance period of limitation remaining as on 15.03.2020, if any, shall become available with eff...

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ESIC beneficiaries can now avail OPD consultation from empanelled hospitals

Keeping in view the increase in ESI coverage over the recent years, it has been decided that in areas where ESIC infrastructure is not available within a radius of 10 kms, the beneficiary will be allowed to avail medical consultation for OPD services directly from a hospital empanelled with ESIC or with Ayushman Bharat scheme without the ...

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Udyam registration simplified – GSTN requirement relaxed

However, a number of representations were received from various MSME Associations stating that the measure of making GSTIN mandatory is impacting the registration process as many enterprises are exempt from the mandatory requirement of filing GST Returns as per the GST Act/notifications. Asignificant proportion of MSME may have annual tur...

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IBBI gives approval to 317 companies’ resolution plans

As per information provided by Insolvency and Bankruptcy Board of India (IBBI), the Regulator, as on 31.12.2020, in 317 cases resolution plans have been approved and 1126 cases have been ordered for liquidation....

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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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