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Corporate Law : Article analyses the IBC (Amendment) Act, 2026, covering creditor-driven reforms, CIIRP, liquidation, avoidance actions and cross-...
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Corporate Law : Allahabad HC quashed demolition proceedings, adopted Supreme Court directions, and issued further directions governing demolition ...
Corporate Law : Allahabad HC examined criminal cases against advocates, Bar Council processes, verification issues, and issued compliance directio...
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Corporate Law : Government outlines FTAs, Export Promotion Mission, e-commerce export reforms and logistics initiatives to diversify export market...
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Corporate Law : CBI filed its 16th chargesheet in a homebuyers fraud investigation alleging conspiracy, cheating and criminal breach of trust invo...
Corporate Law : CCPA ordered removal of default service charge from billing software, imposed a ₹30,000 penalty, and directed compliance within ...
Corporate Law : CCPA directed immediate discontinuation of service charge, noting the restaurant stopped the practice after the Delhi HC judgment ...
Corporate Law : CCPA imposed a ₹10 lakh penalty for misleading walkie-talkie listings lacking mandatory disclosures and directed future complian...
Corporate Law : CCPA imposed a ₹1 lakh penalty for misleading walkie-talkie advertisements lacking mandatory regulatory disclosures and directed...
Corporate Law : CCI closed proceedings after finding no prima facie evidence of input foreclosure, denial of market access, or abuse of dominance ...
Corporate Law : Bill introduced in Lok Sabha proposes increasing Supreme Court Judges from 33 to 37, replacing the 2026 Ordinance with retrospecti...
Corporate Law : BCI directs State Bar Councils and law colleges to immediately implement its Circular on social media conduct, digital ethics and ...
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Corporate Law : FSSAI amends the notified food laboratory list, updating accredited laboratories, registrations and scopes across multiple States ...
Corporate Law : PFRDA notifies Regulatory Sandbox Regulations, 2026 enabling controlled testing with limited relaxations while protecting subscrib...
In the insurance sector, like in any other financial service sector, keeping the vulnerable public protected from unfair practices is of utmost importance. Unfair practices could arise in a scenario of increasing number of insurers, intermediaries and insurance products and severe competition for business.
Reserve Bank of India Foreign Exchange Department, vide circular No. RBI/2009-10/445 A.P. (DIR Series) Circular No. 49 dated May 04, 2010 has notified change in pricing guidelines of equity shares, compulsorily convertible preference shares and compulsorily convertible debentures (Equity instruments) to be issued / transferred to a resident outside India. The guidelines are applicable to an Indian Company in sectors other than financial sector.
Various queries have been raised by insurers on who can be termed as customer(s) for the purposes of AML guidelines. Keeping the objective of the PMLA and AML guidelines in view, it is hereby clarified that details of the person who funds/pays for an insurance contract, either as beneficial owner or otherwise become relevant and important. Stipulations under clause 3.1 of the AML guidelines will therefore have to be applied to such persons. The term customers also refer to the Proposer/policyholder; Beneficiaries and Assignee for the purposes of AML guidelines.
Government has been receiving requests for shifting of units from one SEZ to another SEZ due to various reasons. These requests were considered but could not be acted upon as there are no specific provisions under the SEZ Rules for these shifts and also there are no rule prohibiting the shifts, with the consolidation of SEZs,
The government plans to relax the contiguity norms for special economic zones, a move that will benefit developers of zones such as Navi Mumbai SEZ in Maharashtra and Iffco Kisan SEZ in Andhra Pradesh. The existing guidelines, which stipulate continuity within SEZs, would have forced developers to invest in building bridges and flyovers over railway lines or water bodies falling within such zones, even if they are located in the non-processing areas where there is no production activity.
Arbitration process is a mechanism to avoid delay in securing justice and preserving right between the disputants / litigants. The objects of arbitration as held by the Supreme Court are to settle all disputes between the parties in order to avoid litigation and further litigation. Arbitration is the reference of a dispute or difference between the parties for determination after hearing both sides in the judicial manner by a person or persons without involvement of the court.
Attention is drawn to section 31B(2) of the Insurance Act, 1938 by virtue of which “Every insurer shall before the close of the month following every year, submit to the Authority [a statement, in the form specified by the Regulations made by the Authority,] showing the remuneration paid, whether by way of commission or otherwise, to any person in cases where such remuneration exceeds (such sum as may be specified by the regulations made by the Authority.)”
The Finance Minister, Shri Pranab Mukherjee has asked insurance industry to give more focus to generate the required level of awareness about the benefits of insurance to rural people particularly those living in semi-urban and rural areas. They should make all efforts to take the necessary steps to ensure the reach of insurance to general masses.
Finance Minister Pranab Mukherjee has said unit-linked insurance plans (Ulips) need further reforms on the back of the changes already announced by the insurance regulator. The finance minister also hinted at a resolution to the dispute between Sebi and Irda over Ulip regulation.
The next time you plan to buy an insurance policy through a corporate agent, please check whether the agent is legally authorised to sell the policy or not. This has become necessary because the Insurance Regulatory and Development Authority has said that 4,261 corporate agents out of 7,000 in the country were not authorised to sell policies from March 31, 2010.
