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Partner’s death is death of firm
TG Team
10 Feb 2010
0 comment
When there are two partners, and one of them dies, the firm is automatically dissolved even if there is clause in the partnership deed that the firm will continue in existence. In the case, Mohd Laiquiddin vs Kamala Devi one party claimed that the partnership continued though one partner had died....
Posted Under:
Corporate Law
|
News
Employees can’t be sacked without giving reasonable opportunity of being heard
TG Team
05 Feb 2010
0 comment
The Supreme Court has held principles of natural justice is a Constitutional requirement that has to be observed by government while taking disciplinary action against him or her. The apex court said the inquiry officer must act as a quasi-judicial authority and not as a representative of government while inquiry into the charges of misco...
Posted Under:
Corporate Law
|
News
ICSI to suggest changes to make the LLP model more suitable for the SMEs
TG Team
05 Feb 2010
0 comment
THE ministry of corporate affairs has asked the Institute of Company Secretaries of India (ICSI) to suggest changes to make the limited liability partnership (LLP) model more suitable for the small and medium sector enterprises in the country....
Posted Under:
Corporate Law
|
News
Getting income tax details of third person under RTI is still not easy task
TG Team
25 Jan 2010
0 comment
If you thought getting income tax details of a third person would be an easy task following the recent order of Central Information Commission (CIC), then you are mistaken. In a case filed by Delhi-based chartered accountant R.K. Gupta, the CIC had on December 14 ordered the Income Tax (I-T) Department (Delhi) to allow him inspection of r...
Posted Under:
Corporate Law
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News
Government may tighten norms governing FDI instruments
TG Team
19 Jan 2010
0 comment
(01/01/1970)
The government is planning to tighten norms governing FDI through partly-paid shares, convertible warrants and units issued by venture capital funds (VCFs), as it looks to prevent misuse of these popular instruments. The finance ministry and the department of industrial policy & promotion (DIPP) have decided that the conditions such as se...
Posted Under:
Corporate Law
|
News
Delhi HC dismissed ITC appeal on use of trademark by Philip Morris’ in relation to its Marlboro brand of cigarettes in India
TG Team
16 Jan 2010
0 comment
The Delhi High Court today dismissed an application by ITC Ltd for grant of an injunction against the use of a device mark by Philip Morris in relation to its Marlboro brand of cigarettes in India. The trademark action filed by ITC was based on the registration and use of its wellknown W-namaste logo...
Posted Under:
Corporate Law
|
Articles
,
News
Application of certain provisions of Companies Act, 1956 to LLP
TG Team
15 Jan 2010
0 comment
Through the Notification No. G.S.R.6(E) dated 6th January, 2010, the Central Government in exercise of powers conferred by sub-section (1) of section 67 of Limited Liability Partnership Act 2008 (6 of 2009), made applicable the provisions of sections 441, 443, 445, 446, 448, 450, 451, 453, 454, 455, 456, 457, 458, 458A, 460, 463, 464, 465...
Posted Under:
Corporate Law
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News
Bombay High court fined NGO 40 lakh
TG Team
14 Jan 2010
0 comment
Taking a strict view of frivolous petitions that flood the courts, the Bombay high court in an unprecedented move has ordered a city-based organisation, the Bhrastachar Nirmoolan Sanghatana , to pay Rs 40 lakh as legal costs after dismissing its public interest litigations against a super-luxury tower on Peddar Road...
Posted Under:
Corporate Law
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Bombay High Court
Domestic tariff area (DTA) units could use SEZ facilities
TG Team
12 Jan 2010
2 comments
To help special economic zones (SEZs) absorb global economic shocks, the government plans to allow them to make available their excess installed capacities for the use of industrial consumers in the domestic tariff area (DTA). The idea is to ensure that industrial capacities built up in SEZs don’t remain idle in case another global slow...
Posted Under:
Corporate Law
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News
Commerce minister proposed changes in SEZ rules to facilitate easier exit for struggling SEZ developers
TG Team
07 Jan 2010
0 comment
The commerce ministry has proposed measures to make it easier for developers to exit special economic zones (SEZs) that have been struggling with a contraction in global demand for goods produced at the tax-free enclaves. Specific provisions for the de-notification of SEZs have been been put up for public comments till Thursday, after whi...
Posted Under:
Corporate Law
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News
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