Government Policy

Corporatization of Businesses – An aim of Government

Corporate Law - This article covers the aspect of corporatization of businesses, merits of corporate structure and demerits of non corporate structure....

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What investors can take away from 69th Republic Day speech

Corporate Law - This year’s Republic Day witnessed India host the leaders of 10  Association of South East Asian Nations (ASEAN), which included Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, Cambodia, Myanmar, Laos and Brunei. The aim of Prime Minister Narendra Modi was to highlight the sovereign equality of these nations and broad b...

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A New, Exciting Bird’s-Eye View of Indian Economy Through the GST

Corporate Law - As an information repository, the Goods and Services Tax (GST) embodies and heralds a radical alteration and enlargement in the understanding of the Indian economy....

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Related Party Transactions, whether related?

Corporate Law - To run a business and make adequate tax planning, an assessee and entities may require entering into a number of transactions with outsiders as well as their relatives or close associates. Since, stringent tax laws prevailing like disallowing of an entire Expenditure while completing an assessment by Assessing Officer, it is advisable to ...

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Procedure for Export via Land Customs Stations to Nepal, Bangladesh & Bhutan

Corporate Law - Customs Procedure for Export of Cargo in Containers and Closed bodied Trucks from ICDs/CFSs through Land Customs Stations (LCSs) for Export to Nepal, Bangladesh, Bhutan Adoption of ECTS Seal. ...

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RERA – REITs, GST, rationalising of stamp duty to spur the housing sector

Corporate Law - In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates...

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FM stresses on importance of procedural fairness in public procurement

Corporate Law - The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley stresses on the importance of procedural fairness in public procurement and award of contracts ; ...

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Economic Survey Draws Attention to 10 New Economic Facts on Indian Economy

Corporate Law - The Economic Survey presented by the Union Finance Minister Shri Arun Jaitley in Parliament today has relied upon analysis of the new data to highlight ten new economic facts:...

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Ease of Doing Business’ Next Frontier: Timely Justice

Corporate Law - The government’s efforts to make business and commerce easy have been widely acknowledged. The next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas. ...

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Demonitisation has Helped Share of Financial Saving Rise, Says Economic Survey

Corporate Law - • The ratio of domestic saving to GDP reached 29.2 per cent in 2013 to a peak of 38.3 per cent in 2007, before falling back to 29 per cent in 2016. The cumulative fall over 2007 and 2016 has been milder for investment than saving, but investment has fallen to a lower level....

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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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Notification seeking to grant a concession enabling schools to re- employ teachers cannot be treated as conferring any rights on the teachers to continue in employment till the age of 62 years

Shashi Kohli (Deceased Through Legal Represntatives Vs Directors of Education & ANR (Delhi High Court) - As per the judgment of the Division Bench of this Court in Kathuria Public School vs. Director of Education 123 (2005) DLT 89 and which had not been interfered with in judgment dated 27th August, 2010 in Ref. 1/2010 titled Delhi School Tribunal v. GNCTD, also, unnecessary interference with the mana...

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Reg. Implementation of 13-digit numbering scheme for M2M communication

No. 57-316/2017-CMTS/Phase VIII.4/81 - (05/02/2018) - It was decided that 13-digit M2M numbering plan will be implemented from 1st July 2018. From this date on wards, all new M2M mobile connections will be allocated 13-digit numbers only....

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Govt appoints Second National Judicial Pay Commission

No. 19018/1/2017-Jus. - (16/11/2017) - In pursuance of the above direction of Supreme Court of India, it has been decided to appoint a fresh National Judicial Pay Commission, to be known as Second National Judicial Pay Commission, comprising the following:—...

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Right of Children to Free and Compulsory Education (Amendment) Act, 2017

Notification No. 24 Of 2017 - (10/08/2017) - (1) This Act may be called the Right of Children to Free and Compulsory Education (Amendment) Act, 2017. (2) It shall be deemed to have come into force on the 1st day of April, 2015....

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Cabinet clears Bill to deal with crisis in banks, insurers

Press Release No. PIB Release/DL/981 - (14/06/2017) - The Financial Resolution and Deposit Insurance, Bill 2017 when enacted, will pave the way for setting up of the Resolution Corporation. It would lead to repeal or amendment of resolution-related provisions in sectoral Acts as listed in Schedules of the Bill....

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Govt. revises retirement age for Presiding officers of SAT

Notification No. S.O. 1702(E) - (29/05/2017) - No person is qualified to be appointed as the Presiding Officer- (a) of the Securities Appellate Tribunal established under the Securities Exchange Board of India Act, 1992 (15 of 1992), unless he is, or has been, a judge of Supreme Court or Chief Justice of High Court or a Judge of High Court for a...

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Recent Posts in "Government Policy"

Reg. Implementation of 13-digit numbering scheme for M2M communication

No. 57-316/2017-CMTS/Phase VIII.4/81 (05/02/2018)

It was decided that 13-digit M2M numbering plan will be implemented from 1st July 2018. From this date on wards, all new M2M mobile connections will be allocated 13-digit numbers only....

Read More

Guidelines for starting an MLM Business in India

What is Multi-Level Marketing Company (MLM Company)? MLM (Multi-level marketing company) is a marketing promotional strategy in which a sales person sells the products or services for particular MLM business and recruits new sales promoters under his/ her downline to further sales of products and services. ...

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Posted Under: Corporate Law

Corporatization of Businesses – An aim of Government

This article covers the aspect of corporatization of businesses, merits of corporate structure and demerits of non corporate structure....

Read More
Posted Under: Corporate Law |

RERA – REITs, GST, rationalising of stamp duty to spur the housing sector

In order to promote affordable housing, the government has made several efforts to create enabling environment and eco-system.Towards such an end, the Government has granted infrastructure status to affordable housing which will enable these projects to avail the associated benefits such as lower borrowing rates...

Read More
Posted Under: Corporate Law |

FM stresses on importance of procedural fairness in public procurement

The Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley stresses on the importance of procedural fairness in public procurement and award of contracts ; ...

Read More
Posted Under: Corporate Law |

What investors can take away from 69th Republic Day speech

This year’s Republic Day witnessed India host the leaders of 10  Association of South East Asian Nations (ASEAN), which included Singapore, Thailand, Indonesia, Vietnam, Philippines, Malaysia, Cambodia, Myanmar, Laos and Brunei. The aim of Prime Minister Narendra Modi was to highlight the sovereign equality of these nations and broad b...

Read More
Posted Under: Corporate Law |

Economic Survey Draws Attention to 10 New Economic Facts on Indian Economy

The Economic Survey presented by the Union Finance Minister Shri Arun Jaitley in Parliament today has relied upon analysis of the new data to highlight ten new economic facts:...

Read More
Posted Under: Corporate Law |

A New, Exciting Bird’s-Eye View of Indian Economy Through the GST

As an information repository, the Goods and Services Tax (GST) embodies and heralds a radical alteration and enlargement in the understanding of the Indian economy....

Read More
Posted Under: Corporate Law |

Ease of Doing Business’ Next Frontier: Timely Justice

The government’s efforts to make business and commerce easy have been widely acknowledged. The next frontier on the ease of doing business is addressing pendency, delays and backlogs in the appellate and judicial arenas. ...

Read More
Posted Under: Corporate Law |

Demonitisation has Helped Share of Financial Saving Rise, Says Economic Survey

• The ratio of domestic saving to GDP reached 29.2 per cent in 2013 to a peak of 38.3 per cent in 2007, before falling back to 29 per cent in 2016. The cumulative fall over 2007 and 2016 has been milder for investment than saving, but investment has fallen to a lower level....

Read More
Posted Under: Corporate Law |
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