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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...
The Union Finance Minister, Mr Pranab Mukherjee, on Tuesday said the Insurance Regulatory and Development Authority and the Planning Commission will develop a framework to give a further fillip to infrastructure financing by the insurance industry. “Insurance sector has contributed immensely for infrastructure development.
Life insurance agents may lose their licences if the annual persistency ratio of their clients’ policies is less than 50 per cent. In an exposure draft on persistency in life insurance policies announced on Saturday, the Insurance Regulatory and Development Authority proposed norms for enhancing the performance of agents.
Foreign direct investment in new form of business, limited liability partnerships (LLPs), could be allowed without a cap, a highly placed source said.”The officials have reached a consensus for 100 per cent FDI in LLPs,” he said. Officials in the ministries of industry, finance and corporate affairs have been in regular consultations on the issue of allowing foreign direct investment (FDI) since the LLP form of business was notified in 2009.
State-owned insurance companies on Tuesday agreed to restore cashless treatment facilities in big private hospitals on a case-to-case basis, a development likely to benefit mediclaim policy holders. “Insurance companies have decided to restore cashless facilities on a case-to-case basis. We discussed ways of making people part of the facility and how reimbursements can be revived,” said Sanjay Datta, head, health insurance, ICICI Lombard, after a Confederation of Indian Industry (CII)-initiated meeting between insurers and the healthcare industry.
In a rare instance, the Central Information Commission (CIC) has agreed with the Supreme Court and said that its Registry could not be asked under the Right to Information (RTI) Act to provide details of the income tax returns filed by its judges.
“The imposition of stamp duty by states has become a problem. The concept was to validate a trade; it has been converted into a tax. Within the next few months, almost all states will impose it. An easy source of revenue, it’s mindless application of law,” said a member of the Association of NSE Members of India (Anmi), an association of stock brokers.
Insurance regulator Irda on Monday said Ulip-holders will have to pay up to Rs 6,000 if they want to discontinue a policy within the first four years. The Irda (treatment of discontinued linked insurance policies) regulation, 2010, released by the sectoral watchdog today, said the charges for discontinuation of Ulips will range from Rs 1,000 to Rs 6000, depending on the premium paid by the policyholder.
Concerned over the plight of patients after withdrawal of the cashless treatment facility by some hospitals at the behest of PSU insurance firms, noted heart surgeon Naresh Trehan on Monday said all-out efforts are underway to resolve the issue.
The sectoral regulator Irda today said it has finalised the IPO guidelines for insurance companies and has referred the same to the capital markets watchdog Sebi for final approval which is expected soon.”We are expecting the guidelines shortly. We have given our observations. The matter is currently with the Securities and Exchange Board of India (Sebi),” Insurance Regulatory and Development Authority (Irda) chairman J Harinarayan told PTI.
The Employees Provident Fund (EPF) is expected to retain the interest rate for its six crore account holders at 8.5 per cent in 2010-11, with a formal announcement likely to be made in August.”I hope that the recommendation of 8.5 per cent by the Finance and Investment Committee of the EPFO will be retained,” Central Provident Fund Commissioner S Chatterjee told PTI.
