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Corporate Law

Read all latest corporate law news, articles, notifications & circular on Taxguru.in. News on laws related to DIPP Labour Minimum Wages Gratuity PF Arbitration Negotiable instrument Essential Commodities SRFAESI Competition Act Corporate Law

Latest Articles


Agreement to Settle Rape Case is Void & Against Public Policy: Kerala HC

Corporate Law : Kerala HC rules that agreements to settle rape cases are void as they oppose public policy, emphasizing the necessity for prosecut...

August 26, 2024 18 Views 0 comment Print

Court Can Compound Section 147 NI Act Offense Post-Conviction by Lower Courts: HP HC

Corporate Law : Himachal Pradesh High Court rules that offences under the NI Act can be compounded even after conviction, following settlement bet...

August 26, 2024 66 Views 0 comment Print

Financial and Advocacy Framework of Competition Act, 2002

Corporate Law : Explore the key aspects of the Competition Act, 2002, focusing on Chapters VII and VIII on competition advocacy and financial mana...

August 26, 2024 36 Views 0 comment Print

Revised Quality Assurance Certification by MahaRERA for Real Estate Projects

Corporate Law : MahaRERA's new Form-2A enhances construction quality with detailed checks. Learn about the revised certification process and its i...

August 26, 2024 57 Views 0 comment Print

Date of declaration of NPA is not identical to date of default under IBC, 2016

Corporate Law : Explore the distinction between NPA declaration and default dates under IBC 2016, clarifying implications for insolvency resolutio...

August 26, 2024 180 Views 0 comment Print


Latest News


Discussion Paper on MSME Registration and Disclosure Framework under CIRP

Corporate Law : IBBI proposes amending CIRP regulations to require MSME status disclosure in the Information Memorandum to reduce resolution proce...

August 23, 2024 285 Views 0 comment Print

SC Recommends Three Advocates for Delhi High Court Judgeship

Corporate Law : The Supreme Court Collegium recommends three advocates—Ajay Digpaul, Harish Vaidyanathan Shankar, and Shwetasree Majumder—for ...

August 22, 2024 390 Views 0 comment Print

Information published online cannot be considered under control of public authority: IBBI

Corporate Law : IBBI dismisses appeal seeking liquidator details for Hindustan Paper Corporation, citing information available online and upholdin...

August 19, 2024 84 Views 0 comment Print

Latest Case Law Related to IBC – April to June 2023

Corporate Law : SC rules on Special Court jurisdiction; NCLAT redefines financial debt; HC upholds IBBI regulations and addresses various insolven...

August 14, 2024 402 Views 0 comment Print

बार काउंसिल ऑफ उत्तर प्रदेश में नए अधिवक्ता पंजीकरण के आवेदन की प्रक्रिया प्रारंभ हुई।

Corporate Law : उत्तर प्रदेश बार काउंसिल ने नए अधिवक्ताओं के पंज�...

August 13, 2024 1389 Views 0 comment Print


Latest Judiciary


ITAT deletes section 68 addition of ₹17.61 crore in respect of Share Capital investment

Corporate Law : Calcutta HC dismisses IT department's appeal against Snowwhite Infrastructure on share capital addition, finding no substantial qu...

August 26, 2024 48 Views 0 comment Print

Natural Justice Violation: Patna HC Sets Aside Re-assessment for Liquidated Company

Corporate Law : Patna HC quashes re-assessment order against liquidated company, emphasizing the Liquidator's right to be heard under the IBC. Re-...

August 26, 2024 39 Views 0 comment Print

CIRP application rejected due to pre-existing dispute between parties: NCLT Mumbai

Corporate Law : NCLT Mumbai held that the object of the Insolvency and Bankruptcy Code, 2016 [IBC] is not to admit a Corporate Debtor [CD] into Co...

August 26, 2024 123 Views 0 comment Print

Delayed submission of Resolution Plan by one day delay should be condoned

Corporate Law : Delayed submission by one day of the Resolution Plan by the Applicant should be condoned as it had not caused any delayed or preju...

August 24, 2024 156 Views 0 comment Print

Inspection based on misidentification by VAT Authority: HC directs petitioner to file appeal

Corporate Law : Karnataka HC directs petitioner to avail statutory remedy in VAT dispute involving inspection confusion between Three 1st Enterpri...

August 24, 2024 165 Views 0 comment Print


Latest Notifications


Draft Food Safety and Standards (Food Products & Additives) Amendment 2024

Corporate Law : FSSAI proposes amendments to 2011 food additives regulations, including new limits for natamycin in dairy products. Comments due i...

August 26, 2024 12 Views 0 comment Print

Unit of Measurement for Food Wrapping Paper and Foils

Corporate Law : Govt seeks feedback on labeling food wrapping paper and aluminum foils in both weight (kg) and size (meter x meter) for accurate c...

August 24, 2024 177 Views 0 comment Print

Appeal Dismissed: IBBI Refuses to Disclose Insolvency Exam Papers

Corporate Law : IBBI denies an RTI appeal seeking Limited Insolvency Examination question papers, citing confidentiality and competitive fairness ...

August 24, 2024 93 Views 0 comment Print

Aadhaar Authentication Approved for Two Insurance Firms

Corporate Law : The Indian government permits Go-Digit and Acko Life Insurance to perform Aadhaar-based authentication under the Money-laundering ...

August 23, 2024 1095 Views 0 comment Print

Kerala: New PMLA Special Courts Designated in August 2024

Corporate Law : The Ministry of Finance designates new special courts in Kerala for PMLA cases, updating jurisdiction for various districts in the...

August 19, 2024 159 Views 0 comment Print


Not Happy with right to information Act? File a complain with consumer forum

December 14, 2009 3081 Views 0 comment Print

It is common knowledge that public information officers often do not furnish the information sought by the applicant under Right to Information Act (RTI). Is an appeal to the appellate authority of the Information Commission the only remedy? Or would failure to furnish information without valid reason constitute a deficiency in service for which compensation can be sought by filing a consumer complaint? This issue has been decided by the National Commission in a trendsetting judgment.

Informers can ask for information given by the Assessee to department under the RTI Act, 2005

December 14, 2009 2044 Views 0 comment Print

After perusing the submissions made during the hearing and considering the submissions made during the hearing, it appears that the following exemptions have been claimed by the Department and the Third parties- Section 8(1)(b), (d), (e), (h), and (j). Section 3 of the RTI Act very succinctly states `Subject to the provisions of this Act, all citizens shall have the right to information. ‘ Thus according to the RTI Act, if the information as defined under Section 2(f) is not exempt from di

Taxation of Limited Liability Partnerships (LLP) in India

December 13, 2009 19811 Views 0 comment Print

Limited Liability Partnership Act, 2008 (LLP Act) was passed by the Parliament in December, 2008. Some of the sections of the LLP Act were made effective on 1-4-2009. Sections relating to conversion of existing partnership firms and private as well as public unlisted companies into LLP have been brought into force on 31-5-2009. Sections relating to liquidation and winding up of LLP have not yet come into force. LLP Rules, 2009, have also been made and they have now come into force.

Government proposes to extend benefits of SEZ to food parks

December 13, 2009 1024 Views 0 comment Print

Government proposes to extent benefits of Special Economic Zones (SEZ) to food parks so that the country could quickly emerge as a regional hub for food processing and SEZ benefits are available only to SEZ Developers and units. Mega Food Park Scheme presently operates under different set of guidelines framed by the Government.

FEMA – Summons issued by Enforcement Directorate in exercise of power vested in them cannot be quashed: Madras HC

December 9, 2009 5501 Views 0 comment Print

A summons issued by the Enforcement Directorate, Government of India, under Section 37 of the Foreign Exchange Management Act, 1999 could not be interdicted by the High Court on the ground that there was no application of mind and the documents sought for would amount to a roving enquiry by the Directorate, the Madras High Court has held.

Government looking for changes in RTI Act

December 8, 2009 546 Views 0 comment Print

Chief Justice of India K G Balakrishnan’s recent request to Prime Minister Manmohan Singh to protect the judiciary from increasingly ‘‘intrusive’’ queries appears to have triggered an exercise to look for options to effect changes in the RTI Act. Following the CJI’s impassioned letter, which said questions asked by chronic litigants about the judiciary could erode its independence, the government has started looking into possible changesin the RTI Act, highly placed sources said.

ED claimed to have proof of violation of FDI guidelines by Emaar MGF

December 7, 2009 945 Views 0 comment Print

The Enforcement Directorate(ED) on Friday claimed to have found evidence of “large-scale” violations of Foreign Direct Investment(FDI) guidelines by real-estate major Emaar MGF in purchase of land. During its searches carried out at 13 premises of the group on Thursday, ED also claimed to have recovered about Rs nine crore in cash, two kg of gold and foreign currency worth Rs 5 lakh.

Liability of Partners of LLP- is it Limited?

December 5, 2009 1399 Views 0 comment Print

The Limited Liability Partnership Act, 2008 (‘the LLP Act’) was brought into force with effect from 31st March 2009 to permit formation of Limited Liability Partnerships (‘LLPs’) in India. The main focus of the LLP Act is to permit a partnership structure and at the same time, limit the liability of partners which was heretofore unlimited under the provisions of the Indian Partnership Act, 1932 (‘the Partnership Act’). This article discusses briefly the limitation of liability of partners under the LLP Act as compared to the limitation of liability of a shareholder of a limited company formed and registered under the Companies Act, 1956 (‘the Companies Act’) and the manner in which such liabilities are limited under the LLP Act.

FDI applicants must furnish three years audited financial statements to FIPB: Revenue Department

December 5, 2009 658 Views 0 comment Print

The Revenue Department, which scrutinises all foreign investments from the tax angle, has asked the Foreign Investment Promotion Board (FIPB) to ensure that FDI applicants furnish three years audited financial statements of the investor.Such disclosures will be useful to determine the source of funds as also to assess the ability of the actual and the immediate investor to make such investments.

Radio broadcasters expressed concerns over the proposed move to introduce Section 33A in the Copyright Act

December 4, 2009 741 Views 0 comment Print

RADIO broadcasters have expressed concerns over the proposed move to introduce Section 33A in the Copyright Act which would give unfair powers to the music societies to fix tariff and could potentially derail the radio industry already reeling under massive losses.

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