Government Policy

Cabinet Reshuffle: New Faces, New Challenges, New Frontiers

Corporate Law - Prime Minister Narendra Modi has completed his cabinet reshuffle. Among the inspiring rejuvenations were Nirmala Sitharaman taking over as the first woman to be a full-time Defence Minister and Olympics Silver Medalist shooter Rajyavardhan Singh Rathore’s accession as the Sports Minister (Independent charge). ...

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Shell Companies- List of 16,794 shell companies in India

Corporate Law - After Prime Minister Narendra Modi’s decision to demonetise ₹500 and ₹1000 rupee notes on 8th November 2016, various authorities noticed a surge in shell companies depositing cash in banks, possibly in an attempt to hide the real owner of the wealth. In response, in July 2017, the authorities ordered nearly 2 lakh shell companie...

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Entrepreneurship and industry to move with….

Corporate Law - Before talking about the Industry or future or scope of it, it is important to analyse the trend of the market which has moved from past 20 to 30 years. Comparing the past movement in the industry across the world there is no doubt in concluding the facts that the business has been made more comfortable and easy approachable to the consum...

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Combating Corruption

Corporate Law - India’s fight against corruption is led by a robust and time tested institutional and legislative framework including the Prevention of Corruption Act, an independent Central Vigilance Commission, the Comptroller and Auditor General, the Judges (Inquiry) Act, the Lok Pal and Lok Ayukta Act 2013, Whistle Blowers Protection Act 2011, Prev...

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Restraint of Trade and its Exceptions

Corporate Law - Part XIII of the Constitution of India contains provisions relating to the freedom of trade, commerce and intercourse within the territory of India. The provisions are laid down in articles 301-307. Just as the Legislature cannot take away individual freedom of trade, wise versa the individual cannot barter it away by agreement....

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Petrol/diesel prices not market driven, but tax driven, Center, states should cut levies: ASSOCHAM

Corporate Law - Consumer is getting restive about a three year high in the petrol and diesel prices because he/she feels the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of USD 107 per barrel in May, 2014 even after rising in the last three mon...

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India’s ‘External Debt: A Status Report 2016-17

Corporate Law - Ministry of Finance releases India’s ‘External Debt: A Status Report 2016-17’;India’s External Debt stock stood at US$ 471.9 billion at end-March 2017, decreasing by US$ 13.1 billion (2.7 per cent) over the level at end-March 2016. ...

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Digital inclusion is the foundation of financial inclusion

Corporate Law - Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize ...

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Industrial Policy – 2017 A Discussion Paper

Corporate Law - This discussion paper reviews the progress made in the last quarter century since the 1991 Industrial Policy and provides thoughts to facilitate discussions for formulation of a new Industrial Policy aimed at building a globally competitive Indian industry equipped with skill and scale and technology....

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Govt to rationalise 38 Labour Acts by framing 4 labour codes

Corporate Law - As part of labour law reforms, the Government has undertaken the exercise of rationalisation of the 38 Labour Acts by framing 4 labour codes viz Code on Wages, Code on Industrial Relations, Code on Social Security and Code on occupational safety, health and working conditions....

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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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Mandatory death penalty unconstitutional – Supreme Court

State of Punjab Vs Dalbir Singh (Supreme Court of India) - The Supreme Court has ruled that mandatory death penalty for an offender under the Arms Act was unconstitutional as it violated fundamental rights guaranteed to a citizen.A bench of Justices Asok Kumar Ganguly (since retd) and J S Khehar said Section 27(3) of the Arms Act, which imposed mandatory de...

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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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Grant of Registration under DVAT & CST

Circular No. 7 of 2017- 18 - (26/05/2017) - In case of any deficiency in the requisite documents, submitted by the applicant dealer, the Assessing Authority shall provide an opportunity to the dealer for removal of deficiency thereof....

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Payment of Transaction Charges and Cash-out Incentives on Direct Benefit Transfer (DBT) and PAHAL transactions

F. No. 32(07)/PF-H/2011 (Vol, II) - (26/05/2017) - All DBT and PAHAL (including kerosene) transactions to be routed through the National Payment Corporation of India (NPCI). A transaction cost of Rs. 50/- would be payable for each transaction to be shared between the sponsor banks, destination entities and NPCI in the ratio of Rs.0.10, Rs.0.25 and R...

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Recent Posts in "Government Policy"

Petrol/diesel prices not market driven, but tax driven, Center, states should cut levies: ASSOCHAM

Consumer is getting restive about a three year high in the petrol and diesel prices because he/she feels the concept of market-determined rates was tampered with by frequent tax hikes when the crude oil prices fell steeply and are ruling at exactly half the level of USD 107 per barrel in May, 2014 even after rising in the last three mon...

Read More
Posted Under: Corporate Law |

India’s ‘External Debt: A Status Report 2016-17

Ministry of Finance releases India’s ‘External Debt: A Status Report 2016-17’;India’s External Debt stock stood at US$ 471.9 billion at end-March 2017, decreasing by US$ 13.1 billion (2.7 per cent) over the level at end-March 2016. ...

Read More
Posted Under: Corporate Law |

Cabinet Reshuffle: New Faces, New Challenges, New Frontiers

Prime Minister Narendra Modi has completed his cabinet reshuffle. Among the inspiring rejuvenations were Nirmala Sitharaman taking over as the first woman to be a full-time Defence Minister and Olympics Silver Medalist shooter Rajyavardhan Singh Rathore’s accession as the Sports Minister (Independent charge). ...

Read More
Posted Under: Corporate Law |

Shell Companies- List of 16,794 shell companies in India

After Prime Minister Narendra Modi’s decision to demonetise ₹500 and ₹1000 rupee notes on 8th November 2016, various authorities noticed a surge in shell companies depositing cash in banks, possibly in an attempt to hide the real owner of the wealth. In response, in July 2017, the authorities ordered nearly 2 lakh shell companie...

Read More
Posted Under: Corporate Law |

Digital inclusion is the foundation of financial inclusion

Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize ...

Read More
Posted Under: Corporate Law |

Entrepreneurship and industry to move with….

Before talking about the Industry or future or scope of it, it is important to analyse the trend of the market which has moved from past 20 to 30 years. Comparing the past movement in the industry across the world there is no doubt in concluding the facts that the business has been made more comfortable and easy approachable to the consum...

Read More
Posted Under: Corporate Law |

Combating Corruption

India’s fight against corruption is led by a robust and time tested institutional and legislative framework including the Prevention of Corruption Act, an independent Central Vigilance Commission, the Comptroller and Auditor General, the Judges (Inquiry) Act, the Lok Pal and Lok Ayukta Act 2013, Whistle Blowers Protection Act 2011, Prev...

Read More
Posted Under: Corporate Law |

Restraint of Trade and its Exceptions

Part XIII of the Constitution of India contains provisions relating to the freedom of trade, commerce and intercourse within the territory of India. The provisions are laid down in articles 301-307. Just as the Legislature cannot take away individual freedom of trade, wise versa the individual cannot barter it away by agreement....

Read More
Posted Under: Corporate Law |

Industrial Policy – 2017 A Discussion Paper

This discussion paper reviews the progress made in the last quarter century since the 1991 Industrial Policy and provides thoughts to facilitate discussions for formulation of a new Industrial Policy aimed at building a globally competitive Indian industry equipped with skill and scale and technology....

Read More
Posted Under: Corporate Law |

Acquiring Arms License In Delhi- A Short And Brief Article On Process

It may be happened with you that somebody threatened you over street, in market or some other places to get something from you it may be money, things you are carrying or anything else and you were wondering to have something in your pocket to save yourself....

Read More
Posted Under: Corporate Law |
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