EPFO organizes Tiranga Yatra – Commemoration of 75th anniversary of the Quit India Movement in Mumbai “Corruption Quit India and make swacch India”, Shri Bandaru Dattatreya appeals There are moments in the journey of nation..
Default by Jaypee-Infratech and Amrapali Group and their inclusion in the list of the 12 big corporate loan defaulters against which the Reserve Bank of India has ordered initiati..
Even though the courts in India have consistently held that the Arbitrator is the final judge relating to finding of facts and relating to the interpretation of the terms of the contract. It is also have been a standard view that while exercising the powers under S.34 of the a target="_blank" style="color:blue" href="/articles/The-Arbitration-and-Conciliation-Act-1..
One of the frequently encountered issue in arbitration proceedings is missing out of a claim and parties seeking remedy by way of an amendment to the award or by way of an additional award. Normally the scope of correction of the award under S.33 of Arbitration and Conciliation Act,1996 is limited to errors and if both the parties agree, an interpretation of an issue...
During 19th century, use of petroleum was limited. Since petroleum is dangerous, India needed legislations for regulating petroleum. Finally Indian Petroleum Act, 1899 was passed. With the rapid developments in the use of petroleum that took place in subsequent years it became unsuitable in several ways. As early as 1903, the attention of the Government of I..
All over the world, the supervising courts refrain themselves from interfering in an Arbitration award, for any other reason except those specified in the procedural law. Most of the Arbitration laws are similar to UNCITRAL Model law and hence the grounds are same. Courts also consistently have held that the verdict of an arbitrator with respect to facts of the case..
Section 151 of the Companies Act, 2013-Small shareholders' rights to appoint Nominee on the Board-Whether their rights have been scuttled by Alembic Pharma Section 151 of the Companies Act, 2013 (hereinaft..
The Employees’ Provident Fund Organisation (EPFO) has tied up/entered into agreement with ten banks to collect EPFO dues and to make payments of Provident Fund (PF) withdrawals, pension and insurance to EPFO beneficiaries. These banks are State Bank of India, Punjab National Bank, Indian Bank, Allahabad Bank, Union Bank of India, Bank of Baroda, HDFC Bank, ICICI..
Ministry of Corporate Affairs has issued the notification to further amend the Companies (incorporation) Rules, 2014 (hereinafter referred to as the principal rules) namely: the Companies (incorporation) Second Amendment Rules, 2017. They shall come into force on the date of their publication in th..
In general parlance, if we consider our global business, it is the fusion of Assets and Liabilities which generates the revenue or surplus or profit, whatever may be terms but finally ends up with one five letter word 'MONEY' for the company. However, only monetary assets are not only the things to be considered, for business to be a successful, there are also..
The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval for amendment of the Constitution (Application to Jammu & Kashmir) Order, 1954 by way of the Constitution (Application to Jammu & Kashmir) Amendment Order, 2017. The approval paves the way for applicability of Good..
The investment limit in ETFs has been recommended to be raised from 10 per cent to 15 per cent by the Central Board of Trustees, Employees Provident Fund in its 218th meeting held on 27.05.2017. Accordingly the estimated investment in ETF for the current Financial Year is approximately Rs. 22,500 crore. spa..
The globalisation work of the corporate and financial sector of India just received a boost in the form of a Memorandum of Understanding (MoU), signed between the European Securities and Markets Authority (ESMA) and the Securities and Exchange Board of India (a class="ExternalLink" href="http://www.indialegallive.com/topic/sebi"..
The Government vide notification no. G.S.R. 1065 (E) dated 11.11.2016 has amended paragraph 72(6) of the Employees’ Provident Funds (EPF) Scheme, 1952 wherein changes have been made in the conditions leading to a Provident Fund (PF) account becoming an Inoperative Account. As per amended definition of Inoperative Account (w.e.f. 11.11.2016), an account becomes i..
Introduction : High percentage of non-compliance of the Companies Act and Rules, the Ministry of Corporate Affairs (MCA) with Registrar of Companies (ROC) had issued show cause notices to various companies. After that various companies received notice regarding removal of name of a company from the register of ..
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