Tag Archives: companies

Active Company Tagging Identities and Verification rules: Govt.

Ministry of Corporate Affairs (“MCA”) vide its notification dated February 21, 2019 amended Companies (Incorporation) Rules, 2014 by insertion of new rule 25A  – “Active Company Tagging Identities and Verification (ACTIVE)” with effect from February 25, 2019. Per the notification, every … Continue reading

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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

Arbitration agreement may bind non-signatory parties: SC

The Supreme Court of India ruled that an arbitration agreement entered into by a company within a group of companies may bind its non-signatory affiliates. “An arbitration agreement which is entered into by a company within a group of companies … Continue reading

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Tax demand on Flipkart quashed: KerHC

In an important tax ruling, the Kerala High Court quashed the demand raised by a State tax authority against e-commerce company Flipkart and termed it as ‘arbitrary’. Kerala Sales tax authority issued notice to Flipkart that the company is liable … Continue reading

Posted in Administrative Law, Company Law, Constitution Law, Consumer Law, General Law, Income Tax Law, Sales Tax, Service Tax, Trade Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Reforms in FDI: Govt.

To further boost the investment environment and to bring in foreign investments in the country, the Government of India has brought in FDI related Reforms and liberalisation touching upon 15 major Sectors of the Economy.  The salient measures are: Limited … Continue reading

Posted in FDI, General Law, International Law, Notifications/Publications/Circulars, Trade Law, TRIPS, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Companies Act 2013 provisions applicable to private companies modified: MCA

The Ministry of Corporate Affairs notified on June 5, 2015 that certain provisions of the Companies Act, 2013 shall not apply to private limited companies or shall apply with such exceptions or modifications as directed in the notification. http://goo.gl/Oawjjr These … Continue reading

Posted in Banking Law, Company Law, Contract Law, FDI, General Law, International Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Special court can try other offences under special enactment: SC

The Supreme Court of India recently held that a special court alone would have the jurisdiction to try all the offences under a special enactment to avoid multiplicity of proceedings even if a number of persons are accused of offences under … Continue reading

Posted in Company Law, Criminal Law, Evidence Law, General Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment