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Corporate Law : India’s procurement framework requires registration for specified bidders from land-border countries before participating in gov...
Corporate Law : The Allahabad High Court held that filing or pendency of a stay vacation, recall, or modification application does not suspend an ...
Corporate Law : The article examines whether Telangana’s new Advocates Protection Act can effectively curb violence, harassment, and malicious p...
Corporate Law : The article argues that differences between BJP leadership and Annamalai are strategic rather than ideological. It urges reconcili...
Corporate Law : The article explains why a PSARA License is compulsory for operating a private security agency in India. The key takeaway is that ...
Corporate Law : The Competition Commission of India has proposed amendments to address administrative and procedural issues identified during impl...
Corporate Law : The Ministry of Corporate Affairs highlighted that the IBC resolution process facilitated creditor recoveries exceeding ₹4 lakh ...
Corporate Law : The IBBI has announced contractual vacancies for Research Associates and Consultants in law and business management disciplines. T...
Corporate Law : PFRDA has proposed major reductions in grievance resolution timelines under the NPS framework. The draft aims to improve accountab...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Corporate Law : The CCI found a prima facie case against restrictive contractual clauses that allegedly prevented participants from joining compet...
Corporate Law : The Supreme Court ruled that Section 7 of the Prevention of Corruption Act covers attempts to obtain undue advantage through subor...
Corporate Law : The Tribunal held that for a guarantee payable on demand, limitation begins from the date the guarantee is invoked and not from th...
Corporate Law : The Authority found that a pre-selected donation mechanism added charges unless consumers actively opted out, impairing informed c...
Corporate Law : CCPA held that a subscription renewal interface using the phrase Accept Risk amounted to multiple prohibited dark patterns, includ...
Corporate Law : IBBI has notified amendments across several insolvency regulations to operationalize the Insolvency and Bankruptcy Code (Amendment...
Corporate Law : PFRDA has introduced the StAR NPS platform to enable a fully digital and assisted onboarding process for NPS subscribers. The fram...
Corporate Law : The IBBI has amended liquidation regulations to place the Committee of Creditors at the center of the process. The changes aim to ...
Corporate Law : IBBI has amended the CIRP Regulations to enhance disclosures, strengthen information access, and introduce time-bound claim commun...
Corporate Law : The IBBI imposed a two-year suspension after finding that the Insolvency Professional misrepresented before the adjudicating autho...
Retirement fund manager EPFO’s apex decision-making body, the Central Board of Trustees, will meet on September 4 to decide on the interest rate for depositors for 2010-11, which is likely to be 8.5 per cent.
With the economic reforms that were initiated during the 80s and were further given a new direction in the current decade, the Indian corporate sector has been growing at a rapid pace and has become increasingly integrated with the global economy. While the last decade of the previous millennium had witnessed large scale investments by foreign companies in India,
Allaying RBI’s fears, the government on Tuesday proposed to elevate its governor’s post in the proposed joint mechanism to address the differences among financial regulators over hybrid products. The legislation, Securities and Insurance Laws (Amendment) and Validation, Bill 2010, presented in the Lok Sabha to replace the ULIP Ordinance, also seeks to have a joint committee to resolve the differences among the financial regulators – SEBI, IRDA, RBI and PFRDA. The committee will be headed by Finance Minister Pranab Mukherjee.
The Supreme Court has stated that the Arbitration and Conciliation Act would apply to all civil disputes, and not merely to commercial disputes. It set aside the view of the Karnataka high court in the case, H Srinivas Pai vs H V Pai, in which the high court remarked that the law will apply only to “commercial agreement matters and international commercial matters.”
If a written complaint, alleging any definite charges of misbehaviour or incapacity to perform the functions of the office in respcet of a Presiding Officer is received by the Central Government, it shall make a preliminary scrutiny of such complaint.
A circular dated 5 May 2010 is issued by Employee Provident Fund Organization (Ministry of Labour & Employment, Govt of India) in relation to implementation to EPFiGMS. This circular is issued by the Central Provident Fund Commissioner to Additional / Regional Provident Fund Commissioners and related officers.
Wage Limit increased from Rs. 10,000 to Rs. 15,000 for coverage of an employee under the ESIC Act:- The Government of India through notification in the Official Gazette has amended the Employees’ State Insurance (Central) Rules, 1950. Accordingly, as per rule 50, the wage limit for coverage of an employee under Employees State Insurance Act has been enhanced from Rs. 10,000 to Rs. 15,000 with effect from 1st May 2010.
As per the procedure agreed, Department of Commerce takes responsibility of having consultation with all concerned Department of the Government of India to create consensus among them and send its recommendation alongwith the no objection of different Departments of the Government of India to MHA for final approval. Ministry of Home Affairs would get the President on the Bill. Development Commissioner of SEZ are advised to send a copy of the communication to the nodal Department of the respective State Government.
THE Central Bureau of Investigation has registered a case against the then Regional Provident Fund Commissioner-II(EPFC-II), Employees Provident Fund Organisation(EPFO), Sub-Regional Office, Vashi (Maharashtra), now posted at Thane, EPFO and the Enforcement Officer of EPFO, Vashi and others for causing loss of Rs.24.91 crores to Government.
The revised discussion paper on the Direct Tax Code (DTC), which would overhaul the Income Tax Act, proposes tax exemptions only for the existing SEZ units. “In case no income tax benefit is provided to the new SEZ units, no entrepreneur would like to set up a unit in the SEZ,” EPCES Chairman R K Sonthalia said.
