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
Corporate Law : Kerala HC rules that agreements to settle rape cases are void as they oppose public policy, emphasizing the necessity for prosecut...
Corporate Law : Himachal Pradesh High Court rules that offences under the NI Act can be compounded even after conviction, following settlement bet...
Corporate Law : Explore the key aspects of the Competition Act, 2002, focusing on Chapters VII and VIII on competition advocacy and financial mana...
Corporate Law : MahaRERA's new Form-2A enhances construction quality with detailed checks. Learn about the revised certification process and its i...
Corporate Law : Explore the distinction between NPA declaration and default dates under IBC 2016, clarifying implications for insolvency resolutio...
Corporate Law : IBBI proposes amending CIRP regulations to require MSME status disclosure in the Information Memorandum to reduce resolution proce...
Corporate Law : The Supreme Court Collegium recommends three advocates—Ajay Digpaul, Harish Vaidyanathan Shankar, and Shwetasree Majumder—for ...
Corporate Law : IBBI dismisses appeal seeking liquidator details for Hindustan Paper Corporation, citing information available online and upholdin...
Corporate Law : SC rules on Special Court jurisdiction; NCLAT redefines financial debt; HC upholds IBBI regulations and addresses various insolven...
Corporate Law : उत्तर प्रदेश बार काउंसिल ने नए अधिवक्ताओं के पंज�...
Corporate Law : Calcutta HC dismisses IT department's appeal against Snowwhite Infrastructure on share capital addition, finding no substantial qu...
Corporate Law : Patna HC quashes re-assessment order against liquidated company, emphasizing the Liquidator's right to be heard under the IBC. Re-...
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...
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...
Corporate Law : Karnataka HC directs petitioner to avail statutory remedy in VAT dispute involving inspection confusion between Three 1st Enterpri...
Corporate Law : FSSAI proposes amendments to 2011 food additives regulations, including new limits for natamycin in dairy products. Comments due i...
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...
Corporate Law : IBBI denies an RTI appeal seeking Limited Insolvency Examination question papers, citing confidentiality and competitive fairness ...
Corporate Law : The Indian government permits Go-Digit and Acko Life Insurance to perform Aadhaar-based authentication under the Money-laundering ...
Corporate Law : The Ministry of Finance designates new special courts in Kerala for PMLA cases, updating jurisdiction for various districts in the...
Absence of tax-free climate has affected inflows of foreign investment in the shipping sector, reducing its competitiveness, the government informed Rajya Sabha. “The Indian flag suffers from certain barriers in terms of tax and duty structures which may have impeded the growth of foreign direct investment (FDI),” shipping minister GK Vasan told Rajya Sabha. As per him new taxes in the form of service tax, FBT etc reduced its competitiveness.
Asking for transparency in functioning, leading broadcasters like Zee TV, STAR, Sony and others have taken a strong objection to a proposed move by the Ministry of Human Resource Development (HRD) to amend the existing Copyright Act without consulting them. Under the proposed changes, even news broadcasters may also have to cough up a similar amount for every telecast of matches and old clippings.
Meetings of all Zonal Development Commissioners under the chairmanship of AS(SEZ) would be held after BOA meeting in the Department of Commerce to discuss and clarify policy matters which required further discussion. Therefore, if Zonal DCs need any clarifications on SEZ Policy issues, they may bring up such matters along with full details of the case in these meetings.
It has been noted that developers/co-developers have been seeking permission of the BoA for carrying out such authorized operations, which are already covered in the default list of authorized operations, the powers for which have already been delegated to the DC’s/UAC’s. This results in the waste of precious time of the BoA.
The government has no plan to further liberalize foreign investment in retail sector, the commerce and industry minister said.India, currently, does not permit foreign direct investment (FDI) in multiple-brand retailers, restricting global firms like Wal-Mart Stores and Carrefour from selling directly to customers in the country. Foreign holdings in single-branded retailers are capped at 51%.
Indian Broadcasting Foundation (IBF) has criticised HRD ministry’s proposed amendments to the Copyright Act and said it was disappointed to note that the ministry has not done any consultations with broadcasters on proposed changes like amendments in ‘Fair Use’ provisions.
The Ministry of Commerce & Industry has issued an Instruction No. 41 – F.No.C.6/9/2009-SEZ- Dated November, 2009 to all Development Commissioners clarifying that Net Foreign Exchange Earning (NFE) for SEZ units is to be calculated in rupee terms only.In case a unit claims that the NFE is negative due to foreign exchange fluctuations, the Approval Committee may consider the same, on case to case basis, provided the NFE computations are certified by the Authorised Banker of the unit.
The Department of Industrial Policy and Promotion (DIPP) under the ministry of commerce and industry has disagreed with the Union finance ministry’s view that there is need to regulate investment in sectors with foreign investment caps in respect of those companies which despite being technically “owned and controlled by Indians” as defined in Press Note 2, still leave scope for indirect foreign control.
I am directed to say that references have been received in this department seeking clarification on the currency in which NFE is to be calculated. The matter has been examined in this department and it is clarified that NFE is to be calculated in rupee terms only.
In exercise of the powers conferred by clauses (zb), (zc), (zd), (ze), (zf), (zg), (zh), (zi) and (zj) of sub-section (2) of Section 55 of the Special Economic Zones Act, 2005 (28 of 2005) read with Section 31, the Central Government hereby makes the following rules, namely :—
