Tag Archives: loan

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

No time limit for usufructuary mortgagor to see redemption: SC

The Supreme Court of India clarified that the right of the usufructuary mortgagor to recover possession of the property commences when mortgage money is paid out of rents and profits or partly out of rents and profits and partly by … Continue reading

Posted in Civil Law, Contract Law, General Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 5 Comments

Sub clause (a) Sec 2(1)(o) SARFAESI Act violates Article 14: GHC

Declaring sub clause (a) of Section 2(1)(o) of The Securitisation And Reconstruction Of Financial Assets And Enforcement Of Security Interest Act, 2002 (“Act”) as discriminatory, a Division Bench of the Gujarat High Court recently ruled that creditors should not be … Continue reading

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Demand notice to be issued by secured creditor/officer: KerHC

The Kerala High Court has ruled that a demand notice to be valid and effective in law should be issued by a secured creditor or its authorized officer and not by their lawyer. The petitioners (debtors) defaulted on a home … Continue reading

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United States Call Center Worker and Consumer Protection Act Bill introduced in US House of Representatives

A Bill – H.R. 3596: United States Call Center Worker and Consumer Protection Act – introduced in December, 2011 in the US House of Representatives has been reffered to the Committee. This Bill provides for: – i) a list of … Continue reading

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