Corporate Law - Page 311

IRDA not cleared any new ULIP plan in last two months due to war with SEBI

NA (09/06/2010)

The Insurance Regulatory and Development Authority (Irda) has not cleared any unit-linked insurance plans (Ulips) for nearly two months, following the recent changes to the norms and the regulatory tussle over the investment-cum-insurance products....

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Exposure Draft on Guidelines on Distance Marketing and Sale Process Verification of Insurance Products

Notification No. G.S.R. (E) (04/06/2010)

The Authority proposes to come out with the Guidelines on Distance Marketing and Sale of Insurance Products to streamline the manner of sale of insurance products and to address some of the issues which are specific to protection of interests of policyholders buying insurance over distance modes such as telephone and the internet....

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Section 4(1B) of the Employees’ Compensation Act, 1923 – Employees’ compensation – Amount of compensation – Amount of monthly wages specified for purposes of section 4(1)

Notification No. S.O. 1258(E) (31/05/2010)

In exercise of the powers conferred by sub-section (1B) of Section 4 of the Employee’s Compensation Act, 1923 (8 of 1923), the Central Government hereby specifies, for the purposes of sub-section (1) of the said section, The following amount as monthly wages, with effect from the date of publication of this notification in the Official ...

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Exposure draft regarding proposed amendment to IRDA Regulations for Protection of Policyholders Interests, 2002 – Issuance of Key Feature Documents for insurance products

NA (04/06/2010)

In line with the nation’s approach to economic reforms, the IRDA has initiated reform measures around the principle of sustainable growth along with public accountability. Therefore protecting the interests of policyholders is the main mission of IRDA and the Authority’s efforts have been constantly directed towards this end....

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Exemption to ATMs in SEZ from being treated as Offshore Banking Units

Notification No. S.O. 527(E) (03/03/2010)

Section 49 of the Special Economic Zones Act, 2005 – Power to modify provision of this Act or other enactments in relation to Special Economic Zones – Exemption to ATMs in SEZ from being treated as Offshore Banking Units. Notification No. S.O. 527(E), dated 3-3-2010...

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Government may soon allow migration of SEZ units from one SEZ to other

With more SEZs becoming operational, the Centre will consider on June 8 framing rules that would allow migration of units from one special economic zone to the other. As of now there is no specific provision for transfer of a unit from one SEZ to the other. ...

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Posted Under: Corporate Law |

All India Qualifying Examination for Law Graduates – A Broader View?

I am very happy to know the news that the Bar Council of India has already taken a decision to conduct an All India Qualifying Examination for law graduates for entering into profession. I don't think that there will be an illogical uproar in legal circles in India on the proposed Examination to be conducted by the Bar Council of India. E...

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Posted Under: Corporate Law |

Window for issuing warrants and partly-paid shares to non-residents is still open

(02/06/2010)

The Centre has not closed the window for issuing warrants and partly-paid shares to non-residents even as the recently announced consolidated FDI policy framework excluded these instruments from the definition of “capital”, a senior Government official said....

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Posted Under: Corporate Law |

Government decided to allow Indian companies to freely enter into share-swap deals with foreign firms to facilitate cross-border mergers and acquisitions

(02/06/2010)

The government has decided to allow Indian companies to freely enter into share-swap deals with foreign firms to facilitate cross-border mergers and acquisitions, provided such deals are consistent with the country’s policy on foreign direct investment (FDI)....

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Posted Under: Corporate Law |

21 Things a New Entrant of Legal Profession Should Know?

We need so many reforms in legal education in India and also in the whole legal system. Our Prime Minister Dr.Manmohan Singh has given a great speech in the recent past telling the truth about legal education and also legal profession. The Bar Associations give so much importance to Senior and privileged advocates and these privileged leg...

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Posted Under: Corporate Law |
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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.