Tag Archives: liability

LLP Incorporation made online: Govt.

Indian Ministry of Corporate Affairs has launched incorporation of Limited Liability Partnership (LLP) through a complete online system through a web service titled “RUN-LLP (Reserve Unique Name – Limited Liability Partnership)”. Name can also be allotted to LLP through an … Continue reading

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Builders may limit their liability for breach of contract: SC

The Supreme Court of India recently clarified that builders can limit their liability for breach of contract if they can portray that they have performed their obligation in a prudent manner even though it is well established that contractual damages … Continue reading

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‘Actual knowledge’ of ISPs required to impose liability: DHC

The Delhi High Court recently ruled that ‘actual knowledge’ and not ‘general awareness’ of internet intermediaries is required to impose liability on them for infringement with respect to a specific copyright work. The Court was entertaining an appeal filed by … Continue reading

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Revenue could resile from settlement: SC

The Supreme Court of India clarified that there could be no settlement with an individual partner so as to discharge him from his obligation to pay the sales tax dues payable by the assessee-Firm, and hence Revenue could resile from … Continue reading

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NI complaint to be filed after 15 days from date of receipt of notice: SC

In an important decision, the Supreme Court of India clarified that no complaint can be filed against the drawer of a cheque unless the period of 15 days has elapsed from the date of receipt of the notice of payment … Continue reading

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Revised rules for Declaration of Assets by Public Servants under Lokpal Act: Govt

Indian Government has notified fresh rules for the public servants to furnish information and annual return containing declaration of assets and liabilities. Under the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for … Continue reading

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Mere co-operation doesn’t result in an AOP: DHC

In an important ruling that seems to provide clarity on taxation of turnkey contract consortiums, the Delhi High Court ruled that ‘mere corporation’ between consortium members should not result in an Association of Persons (“AOP”) tax risk in India. The … Continue reading

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