Government Policy

Lifting of Corporate Veil

Corporate Law - From the juristic point of view, a company is a legal person distinct from its members [Salomon v. Salomon and Co. Ltd. (1897) A.C 22]. This principle may be referred to as the Veil of incorporation. The courts in general consider themselves bound by this principle. The effect of this Principle is that there is a fictional veil between th...

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#METOO Sexual Harassment of Women at Workplace “Think about your actions, they do have consequences”

Corporate Law - As per the survey* conducted by the Indian National Bar Association in 2017, over 38% women claimed to have faced sexual harassment at workplace while 50.7% said that they had been targets of harassment online. A total of 1971 cases of Sexual harassment at workplace were registered in four years i.e. since the enactment of […]...

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“Mutuality’ – Doctrine of- A Critical Study

Corporate Law - The point of issue chosen for a study herein is the applicability of the common law’- (as opposed to legislation, also dubbed as man-made law)- Principle, in legal parlance known as the Doctrine Of Mutuality (the DoM), to any entity , being an Association of Persons; such as, social clubs in general, and so called housing associations i...

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Functional teams in a corporate structure

Corporate Law - Article- Functional teams in a corporate structure The article discusses about the typical corporate functional teams through which the work of the organization passes through. A typical corporate consists of several teams working in tandem to carry out the operations and to take care of compliances involved. Various teams working in an o...

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Oil: Will the barrel stop rolling?

Corporate Law - Oil prices had been rallying till the first week of October (for seven consecutive weeks) on concerns that the looming U.S. restrictions on Iran will squeeze supply at a time when production is already being affected because of geopolitical supply disruptions coupled with temporary Permian pipeline shortages. Added to that is the ongoing ...

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Not a single mobile phone faces disconnect threat, says DoT

Corporate Law - DOT and UIDAI in a joint statement today clarified that a few news reports in the media which state that 50 Crore mobile numbers, almost half of the total mobiles in circulation, are at the risk of disconnection, are completely untrue and imaginary. ...

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Unprecedented tax reforms by Indian Customs

Corporate Law - INDIAN CUSTOMS- UNPRECEDENTED TAX REFORM- Enhanced Ease of Doing Business- Indian Customs has taken a series of measures to simplify Customs processes and procedures during the last few years....

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Structural Reforms in taxation & bankruptcy helping Indian Economy

Corporate Law - Structural Reforms in areas like taxation and bankruptcy are helping the Indian economy in building its resilience to global shocks and maintain a robust growth rate despite challenges...

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GI Tag for Alphonso from Konkan 

Corporate Law - Alphonso from Ratnagiri, Sindhudurg, Palghar, Thane and Raigad districts of  Maharashtra, is registered as Geographical Indication (GI).  A Geographical Indication or a GI is an indication used on products that have a specific geographical origin and possess qualities or a reputation that are due to that origin. Such a name conveys an ...

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Lessons for Rahul Gandhi from his Partyman

Corporate Law - The Congress Party, for the last few days, has been busy spreading disinformation about the Government’s possible moves in relation to the private sector company IL&FS. The Congress is a national saboteur. It wants to sabotage India’s economy by allowing a situation in relation to a company to persist, expand and become unmanageable. ...

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Collecting parking fee by malls illegal : Gujarat HC issues notice (Read PIL)

Sajeev Bhargav Ezhava Vs. Versus State Of Gujarat (Ahmedabad High Court) - Petitioner Sajeev Ezhava, filed public interest litigation before Hon’ble Gujarat High Court contending that the parking fee collected by malls and commercial establishments is illegal and against the basis of exempting them from municipal taxes. ...

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Hotels / restaurants can Sale mineral water above MRP: SC

Federation of Hotel and Restaurant Association of India (Supreme Court of India) - Federation of Hotel and Restaurant Association of India (Supreme Court of India); Hon’ble SC held that that neither the Standards of Weights and Measures Act, 1976 read with the enactment of 1985, or the Legal Metrology Act, 2009, would apply so as to interdict the sale of mineral water in hot...

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Text of ICJ Judgment in the case of Kulbhushan Jadhav

Jadhav Case - India V. Pakistan (International Court Of Justice) - In the present case, the Applicant claims that Mr. Jadhav, who is an Indian national, was arrested, detained, tried and sentenced to death by Pakistan and that, despite several attempts, India was given no access to him and no possibility to communicate with him....

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Charging Vat on discounted MRP is unfair Trade Practice: NCDRC

M/s. Aero Club (Woodland) Vs Rakesh Sharma (NCDRC) - Once it has come on record that the MRP of the product includes all taxes, it was not open for the trader to impose VAT again on the discounted price....

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Notifications should not allowed to be missile attacks on budding industries

Shree Cement Ltd. Vs State of Rajasthan (Rajasthan High Court) - Another caveat on legislative practices, particularly subordinate legislation and executive policy decisions and the decision making process, which is amenable to judicial review by courts is that, it is high time that subordinate legislations in the form of notifications issued by Executive should ...

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Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018

Notification No. G.S.R. 397(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Receipt and Management of Confiscated Properties) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018

Notification No. G.S.R. 395(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Provisional Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018

Notification No. G.S.R. 394(E) - (24/04/2018) - (1) These rules may be called the Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018

Notification No. G.S.R. 393(E) - (24/04/2018) - (1) These Rules may be called the Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette....

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Administrator appointed under Fugitive Economic Offenders Ordinance, 2018

Notification S.O. 1730 - (24/04/2018) - Central Government appoints under Fugitive Economic Offenders Ordinance, 2018 the Special Directors of Enforcement of the Regional Offices of the Directorate of Enforcement to perform the functions of an Administrator....

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Recent Posts in "Government Policy"

Lifting of Corporate Veil

From the juristic point of view, a company is a legal person distinct from its members [Salomon v. Salomon and Co. Ltd. (1897) A.C 22]. This principle may be referred to as the Veil of incorporation. The courts in general consider themselves bound by this principle. The effect of this Principle is that there is a fictional veil between th...

Read More
Posted Under: Finance |

#METOO Sexual Harassment of Women at Workplace “Think about your actions, they do have consequences”

As per the survey* conducted by the Indian National Bar Association in 2017, over 38% women claimed to have faced sexual harassment at workplace while 50.7% said that they had been targets of harassment online. A total of 1971 cases of Sexual harassment at workplace were registered in four years i.e. since the enactment of […]...

Read More
Posted Under: Finance |

Not a single mobile phone faces disconnect threat, says DoT

DOT and UIDAI in a joint statement today clarified that a few news reports in the media which state that 50 Crore mobile numbers, almost half of the total mobiles in circulation, are at the risk of disconnection, are completely untrue and imaginary. ...

Read More
Posted Under: Finance |

“Mutuality’ – Doctrine of- A Critical Study

The point of issue chosen for a study herein is the applicability of the common law’- (as opposed to legislation, also dubbed as man-made law)- Principle, in legal parlance known as the Doctrine Of Mutuality (the DoM), to any entity , being an Association of Persons; such as, social clubs in general, and so called housing associations i...

Read More
Posted Under: Finance |

Functional teams in a corporate structure

Article- Functional teams in a corporate structure The article discusses about the typical corporate functional teams through which the work of the organization passes through. A typical corporate consists of several teams working in tandem to carry out the operations and to take care of compliances involved. Various teams working in an o...

Read More
Posted Under: Finance |

Unprecedented tax reforms by Indian Customs

INDIAN CUSTOMS- UNPRECEDENTED TAX REFORM- Enhanced Ease of Doing Business- Indian Customs has taken a series of measures to simplify Customs processes and procedures during the last few years....

Read More
Posted Under: Finance |

Oil: Will the barrel stop rolling?

Oil prices had been rallying till the first week of October (for seven consecutive weeks) on concerns that the looming U.S. restrictions on Iran will squeeze supply at a time when production is already being affected because of geopolitical supply disruptions coupled with temporary Permian pipeline shortages. Added to that is the ongoing ...

Read More
Posted Under: Finance |

PRC/DGFT: Is contempt of Supreme Court simply a joke?

A speaking order is an order that speaks for itself & should stand the test of legality, fairness and reason at all the higher appellate forums. Effectively this means that, the order should contain all the details of the issue, clear findings and a reasoned order. However, when the system is corrupt & rotten to […]...

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Posted Under: Finance |

Structural Reforms in taxation & bankruptcy helping Indian Economy

Structural Reforms in areas like taxation and bankruptcy are helping the Indian economy in building its resilience to global shocks and maintain a robust growth rate despite challenges...

Read More
Posted Under: Finance |

Introduction: Ease of Doing Business’ Next Frontier

♣ India jumped thirty places to break into the top 100 for the first time in the World Bank’s Ease of Doing Business Report (EODB), 2018. ♣ The rankings reflect the government’s reform measures on a wide range of indicators. ♣ India leaped 53 and 33 spots in the taxation and insolvency indices, respectively, on […]...

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Posted Under: Finance |

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