Tag Archives: 10

Startups redefined; tax conditions amended: Govt.

The Department for Promotion of Industry and Internal Trade (“DPIIT”) through its notification no. G.S.R. 127(E) dated February 19, 2019 (“Notification”) has expanded the definition of startups and has relaxed conditions for claiming exemption under section 56(2)(viib) of the Income … Continue reading

Posted in Administrative Law, Company Law, Consumer Law, Contract Law, FDI, General Law, Income Tax Law, information technology law, Intellectual Property Law, International Law, Notifications/Publications/Circulars, Securities Law, Trade Law, TRIPS | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Union Cabinet approves Permanent Residency scheme for foreign investors: Govt.

The Union Cabinet of India has approved the scheme for grant of Permanent Residency Status (PRS) to foreign investors subject to the relevant conditions as specified in the FDI Policy notified by the Government from time to time. The scheme … Continue reading

Posted in Administrative Law, Employment Law, FDI, General Law, Immigration, india immigration law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Proviso to Sec 113 IT Act retrospective in nature: SC

In a very important ruling regarding levy of surcharge on block assessment of income, the Supreme Court of India ruled that the proviso to Section 113 of the Income Tax Act imposing surcharge shall not have a retrospective affect. “…….. … Continue reading

Posted in Banking Law, Income Tax Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Suit filed by reg partnership firm can be continued by the surviving partner: SC

The Supreme Court of India clarified that a suit filed by a registered partnership firm (consisting of only two partners) can be continued by the surviving partner in case of dissolution of partnership by expiry of the other partner during … Continue reading

Posted in Company Law, General Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FTC allowed to serve documents to defendants via ’email’ and ‘facebook’ under Hague Convention

A Federal District Court in New York recently allowed Federal Trade Commission (“FTC”) to serve (documents other than Summons and Complaint) defendants in India through alternative means namely ’email’ and ‘facebook’ in a case alleging that defendants operated a scheme … Continue reading

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Govt proposes law for unclaimed funds

In respect of unclaimed funds in Fixed Deposits with Scheduled Commercial Banks, the Government of India has introduced the Banking Laws (Amendment) Bill, 2011 wherein provision has been made for the establishment of a “Depositor Education and Awareness Fund” to … Continue reading

Posted in Banking Law, General Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , | 1 Comment