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ASSOCHAM seeks higher outlay for education in Budget

Seeking enhanced outlay for education in the coming Budget, the ASSOCHAM has sent a communication to the Finance Minister Mr Arun Jaitley, also making out a case for relief to higher education under Goods and Services Tax (GST)....

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Posted Under: Corporate Law |

Text of Letter From 4 Senior SC Judges to to Chief Justice of India

It is with great anguish and concern that we have thought it proper to address this letter to you so as to highlight certain judicial orders passed by thin Court which has adversely affected the overall functioning of the justice delivery system and the independence of the High Courts besides impacting the administrative functioning of th...

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Posted Under: Corporate Law |

Exposure Draft on repealing of IRDA (Standard Proposal form for Life Insurance ) Regulations 2013

Presently life insurers file proposal forms with IRDAI and reviewed under the File and Use procedure at the time of product clearance. The proposal forms are customized by Life Insurers for the specific products and there is no useful purpose served by mandating a uniform proposal form format for all companies and products....

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Posted Under: Corporate Law |

Clausewise details of Consumer Protection Bill, 2018- Introduced in Lok Sabha

The Consumer Protection Bill, 2018 provides for the establishment of an executive agency to be known as the Central Consumer Protection Authority (CCPA) to promote, protect and enforce the rights of consumers; make interventions when necessary to prevent consumer detriment arising from unfair trade practices and to initiate class action i...

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Posted Under: Corporate Law |

Delayed Train Status- SMS Service Extended

Indian Railways now provides its Short Messaging Service (SMS) facility regarding the status of trains running late by more than one hour to 1,373 trains including Garib Rath, Duronto, Jan Shatabdi, Suvidha, Humsafar, Superfast & Premium trains For the passenger’s convenience, this free of cost SMS service provides the status of...

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Posted Under: Corporate Law |

Negotiable Instruments (Amendment) Bill, 2017 as introduced in Lok Sabha

It is, therefore, proposed to introduce the Negotiable Instruments (Amendment) Bill, 2017 to provide, inter alia, for the following, namely:—(i) to insert a new section 143A in the said Act to provide that the Court trying an offence under section 138 may order the drawer of the cheque to pay interim compensation to the complainant, in ...

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Posted Under: Corporate Law |

7 initiatives to promote online purchase of Railway tickets

Train tickets can be booked at the ticket counters through cash or through credit/debit cards, Unified Payments Interface (UPI)/ Bharat Interface for Money (BHIM) modes of payment. Tickets can also be booked through cash from various Railway agents like Yatri Ticket Suvidha Kendra (YTSK), Jan Sadharan Ticket Booking Sevak (JTBS), Rail Tra...

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Posted Under: Corporate Law |

29,403 companies registered as LLP on all India basis in FY 2016-17

In FY 2016-17, 29,403 companies registered as LLP on all India basis The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include procedures on incorpo...

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Posted Under: Corporate Law |

Govt notifies Electoral Bond Scheme to cleanse political funding system

The Government of India notifies the Scheme of Electoral Bonds to cleanse the system of political funding in the country; Electoral Bond would be a bearer instrument in the nature of a Promissory Note and an interest free banking instrument;...

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Posted Under: Corporate Law |

Recent Amendments to Insolvency and Bankruptcy Law

Amendments to (i) the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, and (ii) the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017....

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Posted Under: Corporate Law |
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