Search Results for Tag : Rate
International Cases
When a corporate trustee enters into external administration, the company's right of indemnity and accompanying equitable lien over the assets of the trust survives the appointment(18.01.2023)
The Plaintiffs, Kimberley Stuart Wallman and Gregory Paul Quin (collectively, the Liquidators) are the liquidators of Goldeagle Nominees Pty Ltd (Gold.....
Tags : Corporate trustee, Right of indemnity,
Rate relief is allowed where a dwelling's rateable value is increased by facility required for meeting needs of a person who resides in hereditament and has a disability(09.09.2019)
Mrs Quinn who is a person with a disability for the purposes of Article 31A of the Rates (Northern Ireland) Order 1977 ("the 1977 Order") applied purs.....
Tags : Rate relief, Article, Applicability
Judgments
SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)
The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....
Tags : rateable value, delhi, municipal
SC judgments not relevant in assessments made since inception of 1994 MCD bye-laws(11.08.2015)
The Municipal Corporation of Delhi can lay down the annual rateable value of property, under the exception that the bye-laws of 1994 permitting such a.....
Tags : rateable value, delhi, municipal
Judicial/Executive Magistrate empowered to issue directions to any person including accused to give specimen signatures and handwriting during the investigation of case.(25.07.2016)
A government scheme was launched for providing loans at the cheaper interest rates to poor persons living below the poverty line to enable them to pur.....
Tags : Magistrates, issuance of directions, power
Madhya Pradesh Rajya Suraksha Adhiniyam, 1990 does not prohibit Additional District Magistrate to pass externment order(29.01.2019)
In facts of present matter, the Additional District Magistrate, has passed an order externing Respondent for a period of one year from the district co.....
Tags : Externment order, Jurisdiction, Additional District Magistrate
A thing is a part of the other, if other cannot function without it(26.03.2019)
In facts of present case, the Respondent is engaged in the business of trading of spare parts of mining machinery, steel wire ropes, standard wires, w.....
Tags : Goods, Classification, Rate of tax, Levy
Top Story
GST council announced reduction in tax rates(10.11.2017)
In a significant relief to citizens, GST council in the meeting held on 10th November, 2017 has announced slashed GST rates on various goods and servi.....
Tags : GST, Rates, Reduction
Ericsson to reveal licensing agreements in confidentiality club(01.03.2016)
The Delhi High Court, hearing a patent dispute between Ericsson and Lava International granted Ericsson’s application to continue the matter under the.....
Tags : cellular, frand, licensing rate, confidentiality
If the delay in possession is due to Force Majeure, it cannot be claimed that the Corporate Debtor defaulted in delivering the possession.(22.01.2020)
The Respondents, in the present case, had booked an apartment in a residential project. The Corporate debtor had issued a joint allotment letter and e.....
Tags : Corporate Debtor, Possession
Parliament Passes Taxation (Amendment) Bill, 2019 Replacing the Ordinance Promulgated by President in September, 2019(05.12.2019)
Rajya Sabha has cleared the Taxation Laws (Amendment) Bill, 2019, replacing an Ordinance that was used to slash corporate tax rates to stimulate growt.....
Tags : Bill, Clearance, Corporate tax rate, Slashing of
Proceedings under the SARFAESI Act cannot be continued against corporate debtor, once the CIRP is initiated and the moratorium is ordered(18.05.2022)
Present appeal challenges the judgment passed by the National Company Law Appellate Tribunal, Principal Bench, New Delhi ( “the NCLAT”), thereby dismi.....
Tags : Sale, Assets, Corporate Debtor
Government brings Taxation Laws (Amendment) Ordinance, 2019 slashing corporate tax rates to boost investment(20.09.2019)
In order to make certain amendments in the Income-tax Act, 1961 and the Finance Act, 2019, the Government has brought in the Taxation Laws (Amendment).....
Tags : Ordinance, Corporate tax, Reduction
Executive orders or circulars in the absence of any legislative competence cannot be made applicable with retrospective effect(22.09.2022)
The instant batch of appeals has been preferred by the Appellant, Bharat Sanchar Nigam Ltd. assailing the judgment passed by the Telecom Disputes Sett.....
Tags : Circular, Rates, Applicability
Centre notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors(20.11.2019)
The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors t.....
Tags : New Rules, Insolvency Resolution, Corporate debtors
Court can lift corporate veil to determine common business goal and privity of interest(17.08.2015)
The corporate veil can be lifted by the Court in “diverse circumstances” to determine the true nature of a company or a group of companies. The Appell.....
Tags : Corporate veil, subsidiary, agreement
Court accepts rape victim’s uncorroborated testimony(16.09.2015)
In case involving rape, where the treating doctor had not been examined by the prosecution, the Court held that the testimony of the victim was wholly.....
Tags : Rape, testimony, uncorroborated
Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)
Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....
Tags : consumer, floating rate, loan
Income Tax Department introduces a new utility for banks, post offices to check TDS rate on high value cash withdrawals(12.07.2020)
The Income Tax Department has facilitated a new functionality for Banks and Post offices through which they can ascertain the TDS applicability rates .....
Tags : TDS rate, Cash withdrawal, Applicability
IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016(07.08.2020)
The Insolvency and Bankruptcy Board of India (IBBI) notifies the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate.....
Tags : Corporate Persons, Regulations, Amendment
RBI’s Monetary Policy Committee (MPC) announces no change in repo rate(04.12.2020)
On the basis of an assessment of the current and evolving macro-economic situation, the Monetary Policy Committee (MPC) at its meeting decides to keep.....
Tags : MPC, Announcement, Repo rate
RBI announces monetary policy keeping repo and reverse repo rate unchanged(10.02.2022)
On the basis of an assessment of the current and evolving macro-economic situation, the Monetary Policy Committee (MPC) decided to keep the policy rep.....
Tags : Monetary policy, Economy, Repo rate
Increased Tax Collection at Source rates set to apply from 1st October, 2023(28.06.2023)
Certain changes were announced to the system of Tax Collection at Source (TCS) on payments under the Liberalised Remittance Scheme (LRS) and on overse.....
Tags : TCS, Rates, Applicability
RBI reduces the repo rate from 4.4% to 4% to mitigate the impact of COVID-19(22.05.2020)
The RBI revises the repo rate and reduced it from 4.4% to 4%. Further, it has reduced the reverse repo rate to 3.35%. The decision of the monetary po.....
Tags : Repo rate, Reduction, Economic activity
IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016(15.06.2022)
Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Per.....
Tags : Corporate Persons, Regulation, Amendment
Increase in floating rate of interest arbitrarily and without transparency can warrant court interference(08.06.2015)
Consumer courts can give relief if banks lending to consumers on a floating interest rate arbitrarily, without notice to the borrower and non-transpar.....
Tags : consumer, floating rate, loan
Action under Section 7 of the IBC could be invoked even against a (corporate) guarantor(26.03.2021)
Two central issues arise for determination in present appeal are (i) Whether an action under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IB.....
Tags : Insolvency Process, Maintainability, Corporate Guarantor
47th GST Council recommends change of rates on goods and services(29.06.2022)
The 47th GST Council met under the Chairmanship of Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman. The meeting was also atte.....
Tags : Council meet, Recommendation, Rates
GST Council Seals Rates for Goods & Services, Paves Way For July 1 Roll out of GST Regime in India(18.05.2017)
GST Council headed by Union Finance Minister Arun Jaitley has finalized tax rates for over 1,200 items, at a meeting held in Srinagar. GST will repla.....
Tags : GST, Rates, Fixation
Cheaper to pirate than purchase?(23.09.2015)
In a case against large pirating of Microsoft software (yes, makers of the little known ‘Windows’, ‘Office’ and ‘Bing’), the Delhi High Court laid hea.....
Tags : Software, pirate, unlicensed, Microsoft, punitive
RBI announces Monetary Policy and keeps repo rates unchanged(08.12.2021)
The Monetary Policy Committee (MPC) decides to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 per cent on th.....
Tags : Monetary Policy, Repo rate, Announcement
Ministry of Corporate Affairs operationalises Central Processing Centre for Centralised Processing of Corporate Filings(16.02.2024)
On the lines of continuous endeavour to provide Ease of Doing Business and in pursuance to Union Budget Announcement 2023-24, Central Processing Centr.....
Tags : Corporate Filings, CPC, Operations
RBI’s Monetary Policy Committee decides to keep policy repo rates unchanged(05.04.2024)
The Monetary Policy Committee (MPC) at its meeting on 5thApril 5, 2024decided to keep the policy repo rate under the liquidity adjustment facility (LA.....
Tags : MPC, Repo rates, LAF
News
Delhi High Court: Arbitrator Cannot Lift Corporate Veil(17.05.2017)
Delhi High Court, while holding that an arbitral tribunal does not have power to lift corporate veil, has observed that mere failure of a corporate en.....
Tags : Delhi High Court, Corporate Veil
#GST: Council Freezes Rates For About 1,200 Items, 12-18% GST Rate For Most Products(19.05.2017)
GST Council has approved rates for 1,211 item, rates of leftover six categories are yet to be finalized. Most FMCG items to become cheaper, Small cars.....
Tags : GST, Rates, GST Council
#OneNationOneTax: GST Council Paves Way for Lower Burden on Average Household(19.05.2017)
Tax Free Items: Milk, Jaggery, Cereals, Fruit & Vegetables, Pulses.
Rate of 5%: Coffee, Tea, Sugar, Edible Oil, Coal, Indian Sweets.
Rate of 18%: Ch.....
Tags : GST, Rates, GST Council
#OneNationOneTax: Consensus Builds in Srinagar Meet on July 1 GST Rollout(19.05.2017)
GST Council has decided tax rates for 1211 items of goods and services, of which 7% will be exempted, 14% will fall in the 5% slab, 17% in the 12% sla.....
Tags : GST, Rates, GST Council
#GST: Council Finalizes GST Rates For 1,211 Items, Items of Daily Use to Attract Lower Tax Rate(19.05.2017)
GST Council has finalized tax rates for over 1,200 items, wherein a consensus was drawn to exempt or lower taxes on several items of daily use.
Tags : GST, Rates, GST Council
#GST: Council Seals Four Tier Tax Slab For Services, 13 in 5% Bracket, Education, Healthcare Exempted(22.05.2017)
GST Council has finalised tax rates for services. Education and healthcare have been exempted from GST regime. Telecoms and financial services will be.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
#GST: Council Exempts 83 Services From GST Regime, Fits About 500 Services Under Four Slabs(22.05.2017)
Rail, air and road transport will fall in the 5 per cent tax slab. Hotels with tariff under Rs 1,000 will be exempt from GST, those between Rs 1,000-2.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
Storing of Adulterated Food for Making Some Other Food Which is Sold is an Offence: Supreme Court(27.04.2018)
Supreme Court has held that storing of adulterated food, even for the purpose of making some other food which is sold, is an offence.
Tags : Supreme Court, Adulterated Food
No Absolute Bar to Summon Aged Woman Before Enforcement Directorate: Madras High Court(27.04.2018)
Madras High Court has dismissed plea of senior advocate Nalini Chidambaram, challenging summons to requiring her personal appearance before Enforcemen.....
Tags : Madras High Court, Enforcement Directorate
Enforcement Directorate Attaches Assets of Ex- Bhushan Power and Steel Limited CMD(20.01.2020)
Enforcement Directorate has attached the assets worth Rs. 204 Crores of former Bhushan Power and Steel Limited chairman and managing director Sanjay S.....
Tags : Enforcement Directorate, Sanjay Singhal
Centre Declares United Arab Emirates as Reciprocating Territory Under Section 44A of Code of Civil Pr(20.01.2020)
Central Government of India has declared United Arab Emirates (UAE) as a reciprocating territory under Section 44A of the Code of Civil Procedure, 190.....
Tags : Centre, United Arab Emirates, Reciprocating Territory
DGFT Issues Notice on Non-Compliance and Misclassification of Imported Goods(20.01.2020)
Directorate General of Foreign Trade (DGFT) has issued the notice stating that Non-Compliance and Misclassification of Imported Goods under ‘Others’ C.....
Tags : Directorate General of Foreign Trade, Non-Compliance and Misclassification of Imported Goods
DGFT: Goods Imported as Gifts Can be Allowed Import Free on Payment of Full Applicable Fees(23.01.2020)
Directorate General of Foreign Trade (DGFT) has clarified that the goods imported as gifts can be allowed to import free on payment of full applicable.....
Tags : Directorate General of Foreign Trade, Import Free on Goods
Madras HC: Acceptance of Corporate Insolvency Resolution Not a Ground to Quash Case u/s 138 NI Act(23.01.2020)
Madras High Court has held that acceptance of the Corporate Insolvency Resolution Plan under Section 31 of the Insolvency and Bankruptcy Code, 2016 ca.....
Tags : Madras High Court, Corporate Insolvency Resolution
Govt. Fixes Debt to Capital, Free Reserve Ratio for Govt. Companies(25.03.2016)
Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance.
Tags : Ministry of Corporate Affairs, Debt to Capital, Free Reserve Ratio
RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)
Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.
Tags : Reserve Bank of India, Fixed Rate Loans
Westminster Magistrates’ Court Remands Nirav Modi in Custody(31.01.2020)
Westminster Magistrates’ Court in London has remanded Nirav Modi in custody till February 27, in the Punjab National Bank Fraud Case.
Tags : Westminster Magistrates' Court, Nirav Modi
#Union Budget 2020-2021: Corporate Tax Reduced for Existing Companies(01.02.2020)
Finance Minister stated that the Corporate tax for existing companies has been slashed to 22%.
Tags : Union Budget 2020-2021, Corporate Tax
Supreme Court: Magistrate While Holding Inquiry Under Section 202 CrPC Required to Take Broad View(01.02.2020)
Supreme Court has observed that while holding inquiry under Section 202 of Code of Criminal Procedure, 1973 the Magistrate is required to consider whe.....
Tags : Supreme Court, Magistrate
Ministry of Corporate Affairs Notifies Amendment to Companies Rules, 2020(05.02.2020)
Ministry of Corporate Affairs has notified an amendment to the Companies (Compromises, Arrangements and Amalgamations) Rules, 2020, adding a provision.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Rules, 2020
RBI Keeps Repo Rate Unchanged(07.02.2020)
Reserve Bank of India’s Monetary Policy Committee has kept the key policy rate unchanged while admitting that inflation was on a rising trajectory th.....
Tags : RBI, Repo Rate
Delhi HC Put Stay on SDMs Order Barring Lawyers from Appearing(01.08.2016)
Delhi HC has put on hold an order and a public notice issued by two Sub Divisional Magistrates (SDMs) prohibiting lawyers from practicing or appearing.....
Tags : Delhi HC, Sub Divisional Magistrates , marriage registration matters
MCA Notifies Companies (Incorporation) Third Amendment Rules, 2016(01.08.2016)
Ministry of Corporate Affairs (MCA) has notified Companies (Incorporation) Third Amendment Rules,2016 to amend the Companies (Incorporation) Rules, 20.....
Tags : Ministry of Corporate Affairs , Companies (Incorporation) Third Amendment Rules, 2016
Chhattisgarh High Court Upholds Increased Rates of Cess on Land Used for Mining(26.02.2020)
Chhattisgarh High Court has upheld the increased rates of development cess and environmental cess on land covered under mining lease as per the amendm.....
Tags : Chhattisgarh High Court, Rates of Cess on Land Used for Mining
SC: Person Having Security Interest Over Property of Corporate Debtor Not 'Financial Creditor'(27.02.2020)
Supreme Court has upheld the order of National Company Law Tribunal which cancelled the mortgages made by Jaypee Infratech Ltd to secure the debts of .....
Tags : Supreme Court, Mortgage by Corporate Debtor to Secure Debts
Madras HC: Solitary Allegation of Intemperate Language Against Female Employee Not Sexual Harassment(28.02.2020)
Madras High Court has held that solitary allegation of intemperate language against a female employee does not constitute an offence under the Sexual .....
Tags : Madras High Court, Solitary Allegation of Intemperate Language
SC: Newly Incorporated Trust Entitled to 12AA Benefits Even in the Absence of Any Activities(02.03.2020)
Supreme Court of India has upheld the Delhi High Court judgment and ruled that newly incorporated trust is entitled to get Section 12AA of the Income .....
Tags : Supreme Court, Newly Incorporated Trust
Gujarat HC Refers Subsidised Rates Allotment of Plots Case Involving Judges to Larger Bench(12.08.2015)
Gujarat High Court has referred case dealing with allotment of residential plots to judges by Gujarat Government in a posh locality at subsidised ra.....
Tags : Gujarat High Court , Subsidised Rates Residential Plots Allotment
Delhi High Court Dismisses Petition Against AAP Govt's Order on Circle Rates(17.08.2015)
Delhi High Court has dismissed a PIL against an AAP Government notification enhancing circle rates of agricultural land in the capital by three times.
Tags : Delhi High Court,AAP Government,circle rates of agricultural land
RBI Maintains Status Quo, Keeps REPO Rate Unchanged at 6.25%(07.06.2017)
Reserve Bank of India (RBI) has held on to policy rate at 6.25 percent in its monetary policy review on June 7, 2017, the second bi-monthly review for.....
Tags : Reserve Bank of India, REPO Rate
Govt Tightens Noose For July 1 GST Roll Out, Revises Rates For 66 Items, Eases Bizz Rules(12.06.2017)
Government has decided to lower rates on 66 goods and services, from pickles and cheaper cinema tickets to insulin and instant food mixes and also eas.....
Tags : GST, Rates, GST Council
Magistrate can’t Suo Motu Direct Further Investigation After Discharging Accused: SC(17.04.2019)
Supreme Court has observed that Magistrate has no jurisdiction to suo moto pass an order for further investigation/reinvestigation after he discharges.....
Tags : Supreme Court, Magistrate, Investigation
NCLT Consults Centre, Bankruptcy Board to Resolve Jaypee Infra Deadlock(22.04.2019)
National Company Law Tribunal’s (NCLT) has sought views from government and Insolvency and Bankruptcy Board of India (IBBI) on ways to resolve the dea.....
Tags : NCLT, Jaypee Infratech
SEBI Penalizes Future Corporate Founder and Co-Founder for Insider Trading(04.02.2021)
Securities and Exchange Board of India has penalized Future Corporate Resources Pvt Ltd, Kishore Biyani and Anil Biyani, founder and co-founder of Fut.....
Tags : Securities and Exchange Board of India, Future Corporate
CRIMINAL - SC Issues Notice to CBI in Disproportionate Assets Case against Former UP CMs Mulayam, Akhilesh(25.03.2019)
Supreme Court has issued a notice to CBI on a plea seeking direction to the probe agency to place the investigation report in the disproportionate ass.....
Tags : Supreme Court, Mulayam Singh Yadav, Akhilesh Yadav, Prateek Yadav
MCA Notifies Procedure for Disposal of Application for Conversion of Public Company into Private(27.01.2021)
Ministry of Corporate Affairs (MCA) has notified the procedure for disposal of application for conversion of a public company into private in case of .....
Tags : Ministry of Corporate Affairs, Disposal of Application for Conversion of Public Company to Private
Ministry of Corporate Affairs Notifies Companies (Incorporation) Amendment Rules, 2021(28.01.2021)
Ministry of Corporate Affair (MCA) has notified Companies (Incorporation) Amendment Rules, 2021 which sought to amend the Companies (Incorporation) Ru.....
Tags : Ministry of Corporate Affairs, Companies (Incorporation) Amendment Rules, 2021
SC: Proceedings Against Corporate Debtor Would End Once Resolution Plan is Approved(01.02.2021)
Supreme Court has clarified that proceedings against a corporate debtor over money-laundering charges would end once a resolution plan is approved, bu.....
Tags : Supreme Court, Proceedings Against Corporate Debtor
MCA Notifies Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021(03.02.2021)
Ministry of Corporate Affairs (MCA) has notified the Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021 so as to enable the.....
Tags : Ministry of Corporate Affairs, Companies (Compromises, Arrangements and Amalgamations) Amendment Rules, 2021
#GST Council: Legal Services, Education, Health are Tax Free Under GST(22.05.2017)
Services by Government, Local authorities, RBI, educational institutions, incubate, services by way of slaughtering animals, insurance services and se.....
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
Odisha Paves Way For July 1 GST Rollout, Passes State GST Bill(22.05.2017)
Odisha State Legislative assembly has unanimously passed State Goods and Services Tax (SGST) Bill, 2017 and VAT Bill, 2017.
Tags : Goods and Services Tax (GST), One-Nation One-Tax, GST Rates, Services
NCLT Allahabad Extends Resolution Time for Jaypee Infratech(07.05.2019)
National Company Law Tribunal, Allahabad has directed that the corporate insolvency resolution process in the Jaypee Infratech matter continue until M.....
Tags : NCLT Allahabad, Jaypee Infratech
Delhi HC Asks Centre, Delhi Govt to Collectively Resolve Issues of 99-yr-old Dilapidated School(07.05.2019)
Delhi High Court has asked the Centre and Delhi Government to collectively resolve the issue of allotment of an alternative land for construction of n.....
Tags : NCLT Allahabad, Jaypee Infratech
Supreme Court: Corporates Appear to Have Penetrated Judiciary to Manipulate Court Orders(09.05.2019)
Supreme Court expressed “shock” at how the Court order was changed in an instance where a direction to six suppliers of Amrapali to appear before the .....
Tags : Supreme Court, Corporates
CBDT Issues Clarification on Continuation of Concessional Rate of Tax on Interest Income of FPIs(18.03.2021)
Central Board of Direct Taxes (CBDT) has issued the clarification on the continuation of the concessional rate of tax on interest income of Foreign Po.....
Tags : Central Board of Direct Taxes, Concessional Rate of Tax on Interest Income of FPIs
#OneNationOneTax: GST Council Revises Tax Rates For Restaurants, Seals Rates for Lotteries(19.06.2017)
Goods and Services Tax (GST) Council has fixed cost of eating out at restaurants at 18%, down from 28% decided earlier. Council has fixed tax of state.....
Tags : Goods and Services Tax, GST Rates
MP High Court Declines to Issue Order to Set Up Dispensary for Legal Fraternity(23.06.2017)
Madhya Pradesh High Court has declined to issue any direction to set up a dispensary on the Court premises or specialised hospitals at divisional head.....
Tags : Madhya Pradesh High Court, Dispensary, Legal Fraternity
MCA Relaxes Norms on Auditors Term for Pvt Cos With Paid Up Share Capital of 50 Crores(23.06.2017)
Ministry of Corporate Affairs has notified amendment to Companies (Audit and Auditors) Rules, 2014 wherein it amended Auditors’ rules with respect to .....
Tags : Ministry of Corporate Affairs, Companies (Audit and Auditors) Rules
NCLT Gives Nod to Bharti Infratel and Indus Towers Merger(03.06.2019)
National Company Law Tribunal Chandigarh has approved the merger of Indus Towers with Bharti Infratel which will create one of the largest telecom tow.....
Tags : NCLT, Bharti Infratel
RBI Policy: RBI Cuts Repo Rate by 25 Bps(06.06.2019)
Reserve Bank of India’s monetary policy committee led by Shaktikanta Das cut the repo rate by 25 basis points while remaining considerate of growth co.....
Tags : RBI Policy, Repo Rate
Kerala HC Warns Private Hospitals Against Charging Exorbitant Rates on COVID Treatment(11.05.2021)
Kerala High Court has cautioned hospitals to abide by the rates notified by the government in its order, giving strong warning to hospitals for overch.....
Tags : Kerala High Court, Exorbitant Rates on COVID Treatment
EDUCATION - Delhi HC Upholds Circular Asking Schools to Follow Textbooks Prescribed by SCERT/NCERT/CBSE(28.03.2019)
Delhi High Court has dismissed a challenge against the circular issued by Directorate of Education, Government of National Capital Territory of Delhi,.....
Tags : Delhi High Court, Directorate of Education, Government of National Capital Territory of Delhi, SCERT, NCERT, CBSE
Madras HC Dismisses PIL Seeking Separate Election Manifesto for Each Constituency(03.04.2019)
Madras High Court has dismissed a PIL seeking a direction to Election Commission of India to mandate all the contesting candidates for Lok Sabha and S.....
Tags : Madras High Court, Separate Election Manifesto
RBI Policy: RBI Cuts Repo Rate by 25 BPS(04.04.2019)
Reserve Bank of India's monetary policy committee (MPC), led by Governor Shaktikanta Das, has announced a 25 basis points cut in the short-term lendin.....
Tags : RBI Policy, Repo Rate
CBIC Amends Notification Prescribing Effective Rate of Duty on Goods(05.04.2021)
Central Board of Indirect Taxes and Customs (CBIC) has amended the notification which seeks to prescribe effective rate of duty on goods consequent to.....
Tags : Central Board of Indirect Taxes and Customs, Effective Rate of Duty on Goods
Supreme Court Stays High Court Proceedings on COVID Vaccination Priority for Legal Fraternity(12.04.2021)
Supreme Court has ordered a stay on proceedings before all High Courts in the cases regarding inclusion of legal fraternity in the priority list for C.....
Tags : Supreme Court, COVID Vaccination Priority for Legal Fraternity
Ministry of Corporate Affairs Relaxes Additional Fee Payable on Forms AOC-4 and AOC-4 XBRL(30.10.2015)
Ministry of Corporate Affairs has decided to relax additional fee payable on forms AOC-4 and AOC-4 XBRL under Companies Act, 2013, upto 30th November,.....
Tags : Ministry of Corporate Affairs , AOC-4 ,AOC-4 XBRL
Supreme Court Stays NCLT Proceeding Against Jaypee Infratech Limited(04.09.2017)
Supreme Court has stayed National Company Law Tribunal (NCLT) proceedings against Jaypee Infratech Limited. NCLT had, while acting on an insolvency pl.....
Tags : Supreme Court, Jaypee Infratech Limited
Supreme Court Orders Jaypee Infratech to Deposit Rs 2,000 Crore by Oct 27(11.09.2017)
Supreme Court has asked Jaypee Infratech to deposit Rs 2,000 crore by October 27. The Apex Court has restrained Jaypee MD and other directors from fly.....
Tags : Supreme Court, Jaypee Infratech
Delhi High Court Exempts An Export Company from Paying IGST(13.09.2017)
Delhi High Court has allowed an export company to import certain goods used as inputs in manufacturing products, without paying the additional levy un.....
Tags : Delhi High Court, Integrated Goods and Services Tax
NCLAT Sets Aside NCLT Order Directing Return of Land to Jaypee Infratech(02.08.2019)
National Company Law Appellate Tribunal (NCLAT) has quashed a National Company Law Tribunal’s (NCLT) Allahabad Bench’s May 18, 2018 order which had di.....
Tags : NCLAT, Jaypee Infratech
NAA Directs GST Officers to Collect Evidence Against Suppliers Denying GST Rate Cut Benefits(25.06.2021)
National Anti-Profiteering Authority (NAA) has directed Goods and Services Tax officers to collect evidence against suppliers denying GST Rate Cut ben.....
Tags : National Anti-Profiteering Authority, Suppliers Denying GST Rate Cut Benefits
Bombay HC: Viewing Pirated Films Online not an Offence(05.09.2016)
Bombay HC has said it is inaccurate to suggest that merely viewing an illicit copy of a film is a punishable offence under the Copyright Act.
Tags : Bombay HC, Pirated Films
Supreme Court Sends Jaypee Infratech Back to NCLT(10.08.2018)
Supreme Court has asked the Allahabad bench of the NCLT to deal with the insolvency proceedings against Jaypee Infratech, allowing a second round of b.....
Tags : Supreme Court, Jaypee Infratech
NCLT, Hyderabad Initiates Corporate Insolvency Resolution Process Against Tata Projects Ltd(06.01.2022)
National Company Law Tribunal, Hyderabad has initiated Corporate Insolvency Resolution Process against Tata Projects Limited for its failure to pay ba.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, Tata Projects Ltd
Karnataka High Court: ED Can Probe A Case Throughout India Under PMLA(07.01.2022)
Karnataka High Court has said that the Enforcement Directorate can probe a case throughout India, including the Union Territory of Jammu and Kashmir u.....
Tags : Karnataka High Court, Prevention Of Money Laundering Act, 2002, Enforcement Directorate
NCLAT Chennai Bench Stays Insolvency Process Against Tata Projects Limited(07.01.2022)
National Company Law Appellate Tribunal, Chennai Bench has stayed the order against Tata Projects Limited to initiate Corporate Insolvency Resolution .....
Tags : NCLAT, Corporate Insolvency Resolution Process, Stay Order
Supreme Court Rejects ED's Plea Against Order Granting Bail To Deepak Kochhar(11.01.2022)
Supreme Court of India has dismissed Enforcement Directorate's plea against Bombay High Court's order in the multi-crore ICICI Bank-Videocon money lau.....
Tags : Supreme Court, Enforcement Directorate, Deepak Kochhar, PMLA
Government Caps Depreciation Rate at 40% a Year(10.03.2016)
Government has capped rate of deduction under accelerated depreciation, as a result many companies could see their tax liability going up and cash flo.....
Tags : Government , Depreciation Rate
RBI Leaves Repo Rate Unchanged at 6%, Reverse Repo Rate Stays at 5.75%(07.02.2018)
Reserve Bank of India has kept the repo rate unchanged at 6%. The reverse repo rate remains unchanged at 5.75%
Tags : RBI, Repo Rate
Mark Out Bus Types to Charge New Rates: Madras High Court(13.02.2018)
Madras High Court has directed the commissioner of Tamil Nadu State Transport Corporation (TNSTC) to file his response on a petition demanding not to .....
Tags : Madras High Court, Bus, Rates
RBI Policy: Interest Rates Unchanged, GDP Growth Forecast Lowered(06.12.2019)
Reserve Bank of India has released its fifth bi-monthly monetary policy statement for 2019-20 in which the Monetary Policy Committee, decided to keep .....
Tags : RBI Policy, Interest Rates
Bombay HC Allows Jesuits to Initiate Separate Proceedings to Clear Odium(25.11.2021)
Bombay High Court has allowed the Jesuits to initiate separate proceedings to clear the odium attached to his name and reputation because of the Bhima.....
Tags : Bombay High Court, Separate Proceedings to Clear Odium
Rajasthan HC: Magistrate Empowered to Sentence Defaulter to Separate Terms of Imprisonment(06.12.2021)
Rajasthan High Court has held that a Magistrate is empowered under Section 125 of the Code of Criminal Procedure, 1973 to pass separate sentences over.....
Tags : Rajasthan High Court, Separate Terms of Imprisonment
Madhya Pradesh HC Puts on Hold All Proceedings against IAS Officer in ICD Scam(18.10.2016)
Madhya Pradesh HC has stayed entire proceedings against IAS Officer Sudhi Ranjan Mohanthy in multi-crore Inter-Corporate Deposit (ICD) scam.
Tags : Madhya Pradesh HC, Inter-Corporate Deposit, Scam
NCLT Orders Liquidation of Lanco Infratech(28.08.2018)
Hyderabad bench of National Company Law Tribunal has ordered the liquidation of Lanco Infratech after the committee of creditors rejected the revised .....
Tags : NCLT, Lanco Infratech
NCLAT Sets Aside NCLT Order to Add MCA as Party in All IBC Cases and Company Petitions(26.05.2020)
National Company Law Appellate Tribunal (NCLAT) has set aside an order of National Company Law Tribunal (NCLT) which mandated the impleadment of the U.....
Tags : National Company Law Appellate Tribunal, Ministry of Corporate Affairs, Party to IBC Matters
Kerala HC Mandates Production of Accused Before Magistrate Via Electronic Means Only(26.05.2020)
Kerala High Court has instructed that production of an accused before the Magistrates and Special Judges in the State will be done via electronic mean.....
Tags : Kerala High Court, Production of Accused Before Magistrate
SC: Mere Delay in Forwarding FIR to Magistrate is Not a Ground to Acquit Accused(27.05.2020)
Supreme Court has stated that the delay in sending the First Information Report to the Magistrate in compliance of Section 157 of the Code of Criminal.....
Tags : Supreme Court, Delay in Forwarding FIR to Magistrate
Karnataka High Court Held That District Magistrate Empowered To Attach Property(08.03.2022)
Karnataka High Court has held that the District Magistrate is empowered to attach the property and not the Commissioner of Bengaluru Mahanagara Palike.....
Tags : Karnataka High Court, District Magistrate, Property
Patna HC Seeks Response in PIL Seeking to Create Separate Lock Ups for Transgender Persons(11.03.2022)
Patna High Court has sought state's response in a public interest litigation seeking to create separate lock ups for transgender persons in all police.....
Tags : Patna High Court, Separate Lock Ups for Transgender Persons
RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)
Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.
Tags : Reserve Bank of India, RBI, reference rate
National Company Law Tribunal Clears NBCC Offer for Jaypee Infratech(04.03.2020)
National Company Law Tribunal has approved NBCC’s offer to take over Jaypee Infratech, which has to deliver apartments, plots and villas to nearly 21,.....
Tags : National Company Law Tribunal, TAkeover of Jaypee Infratech
Delhi HC: No Requirement to Issue Two Separate Notices for Reopening of Assessment Proceedings(04.03.2020)
Delhi High Court has held that there is no requirement to issue two separate notices in the name of amalgamated Companies for the reopening assessment.....
Tags : Delhi High Court, Separate Notices for Reopening of Assessment Proceedings
NCLT: Rs. 750 Cr. Paid by JAL for Obligation of JIL Should be Treated As Asset of Corporate Debtor(06.03.2020)
National Company Law Tribunal has observed that Rs. 750 Crore deposited by Jaypee Infratech’s (JIL) parent firm Jaiprakash Associates (JAL) with the S.....
Tags : National Company Law Tribunal, Jaypee Infratech
Central Board of Indirect Taxes and Customs Issues Advisory for Importers on IGCR Rules(03.03.2022)
Central Board of Indirect Taxes and Customs has issued Advisory No. 06/2022 dated March 01, 2022, for importers to avail benefit of Import of Goods at.....
Tags : Central Board of Indirect Taxes and Customs, Import of Goods at Concessional Rate of Duty Rules, 2017
CBIC Reduces Compliances for Import of Goods at Concessional Rate of Customs Duty(04.03.2022)
Central Board of Indirect Taxes and Customs (CBIC) has notified the reduction in compliances and end-to-end automation of procedure relating to import.....
Tags : Central Board of Indirect Taxes and Customs, Reduction of Compliances, Import of Goods at Concessional Rate
SEBI Permits FPIs Direct Access to Corporate Bonds(26.09.2016)
Securities Exchange Board of India (SEBI) has allowed Foreign Portfolio Investors (FPI) to trade directly in corporate bonds without needing any broke.....
Tags : SEBI, FPI, corporate bonds
SC: Bar to File Separate Suit Challenging Compromise Decree Applies to Stranger Also(07.05.2020)
Supreme Court has held that the bar under Order 23 Rule 3A of the Code of Civil Procedure, 1908 to challenge a decree passed on a compromise in a sepa.....
Tags : Supreme Court, Bar to File Separate Suit
Bombay HC Seeks BMC, State Reply on ‘Low Testing Rate’(13.05.2020)
Bombay High Court has directed Brihanmumbai Municipal Corporation (BMC) to file an0 affidavit on the ‘low rate of testing’ and the ‘inaccessibility of.....
Tags : Bombay High Court, Low Testing Rate
NCLT Cuttack: CIRP Can’t be Initiated Over Undecided Claims or Unstamped Agreements(26.04.2022)
National Company Law Tribunal, Cuttack has ruled that Corporate Insolvency Resolution Process cannot be initiated based on undecided claims and/or uns.....
Tags : National Company Law Tribunal, Corporate Insolvency Resolution Process, compulsory registration
NCLAT, Delhi: Time Period Under Regulation 35A is Directory, Not Mandatory(27.04.2022)
National Company Law Appellate Tribunal, has observed that period of time prescribed under Regulation 35A of the IBBI (Insolvency Resolution Process f.....
Tags : National Company Law Appellate Tribunal, Regulation 35A, IBBI (Insolvency Resolution Process for Corporate Persons) (CIRP) Regulations, 2016
NCLAT, Delhi: Time Period Under Regulation 35A is Directory, Not Mandatory(27.04.2022)
National Company Law Appellate Tribunal, has observed that period of time prescribed under Regulation 35A of the IBBI (Insolvency Resolution Process f.....
Tags : National Company Law Appellate Tribunal, Regulation 35A, IBBI (Insolvency Resolution Process for Corporate Persons) (CIRP) Regulations, 2016
Gujarat High Court Quashes MCA List of Disqualified Directors(27.12.2018)
Gujarat High Court has quashed the list of disqualified directors published by Ministry of Corporate Affairs (MCA) on September 12, 2017 and held that.....
Tags : Gujarat High Court, Disqualified Directors, Ministry of Corporate Affairs
NCLAT Disposes of Contempt Plea Against Reliance Infratel(03.01.2019)
NCLAT has disposed of a contempt plea against Reliance Infratel filed by HSBC Daisy Investments (Mauritius) and other minority shareholders over defau.....
Tags : NCLAT, Reliance Infratel
DGFT Notifies Provisions for Allocation of TRQ for Crude Soya Bean Oil And Crude Sunflower Oil(15.06.2022)
Directorate General of Foreign Trade (DGFT) has notified the additional provisions for the allocation of Tariff Rate Quota (TRQ) for 20 lakh MT of cru.....
Tags : DGFT, Tariff Rate Quota
IBBI Amends Insolvency Resolution Process for Corporate Persons Regulations, 2016(16.06.2022)
Insolvency and Bankruptcy Board of India (IBBI) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Per.....
Tags : IBBI, Insolvency Resolution Process for Corporate Persons, Amendment
NCLT Initiates Insolvency Proceedings Against Nirmal Lifestyle (Kalyan) Pvt. Ltd.(22.06.2022)
National Company Law Tribunal (NCLT), Mumbai Bench has initiated Corporate Insolvency Resolution Process against Nirmal Lifestyle (Kalyan) Pvt. Ltd. a.....
Tags : NCLT, Corporate Insolvency Resolution Process
MCA Notifies Penalty for Non-Compliance With NFRA Rules(22.06.2022)
Ministry of Corporate Affairs (MCA) has notified that the non-compliance with the National Financial Reporting Authority Rules (NFRA), 2018 would attr.....
Tags : Ministry of Corporate Affairs, National Financial Reporting Authority Rules, Penalty
CESTAT, Mumbai: Acceptance to Pay Duty Exempt from Liability of Confiscation and Redemption Fine(14.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has observed that voluntarily acceptance and willingness to pay the duty at the enhanced rate.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, voluntarily acceptance, enhanced rate, confiscation, redemption, exempt from liability
Bombay HC: Appeal from Order Passed by CESTAT on Rates of Duties Would Lie Before Supreme Court(15.04.2022)
Bombay High Court has ruled than an appeal from an order passed by the Customs, Excise & Service Tax Appellate Tribunal (CESTAT), involving the questi.....
Tags : Bombay High Court, Appeal from Order Passed by CESTAT, Rates of Duties
Chhattisgarh HC: Mandatory to Place Report of Further Investigation Carried Out Before Magistrate(18.04.2022)
Chhattisgarh High Court has held that in cases where an additional investigation has been carried out then irrespective of its outcome, such further i.....
Tags : Chhattisgarh High Court, investigation report, Magistrate
SC Asks Bitcoin Scam Accused to Share Information With ED(19.04.2022)
Supreme Court has pulled up Ajay Bhardwaj, the accused in the Gain Bitcoin scam, for not complying with its direction to disclose details of the user.....
Tags : Supreme Court , Enforcement Directorate, cryptocurrency, Bitcoin
AAR, Telangana: ITC Can be Claimed on IGST Paid Both on Imports Intra & Inter-State Sales, Rules(20.04.2022)
Authority of Advance Ruling, Telangana has observed that Integrated Goods and Services tax paid on imports is eligible to be availed as an Input Tax C.....
Tags : Authority of Advance Ruling, Integrated Goods and Services Tax, Input Tax Credit
ITAT, Ahmedabad: Higher Rate of Depreciation Available to Vehicles Let Out on Hire(22.04.2022)
Income Tax Appellate Tribunal, Ahmedabad has ruled that the assessee can avail higher rate of depreciation that is accessible to vehicles to let out o.....
Tags : Income Tax Appellate Tribunal, assessee, higher rate, depreciation
RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)
Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....
Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate
Delhi High Court Quashes Notice for Re-Assessment Against Bharati Infratel(22.01.2019)
Delhi High Court has quashed Income Tax Department’s Notice for Re-opening of Assessment against Bharati Infratel Limited.
Tags : Delhi High Court, Bharati Infratel, Re-Assessment
IBBI Amends Regulations Related to Corporate Insolvency Proceedings(19.11.2020)
Insolvency and Bankruptcy Board of India (IBBI) amended Regulations relating to corporate insolvency proceedings which came to be known as the Insolve.....
Tags : Insolvency and Bankruptcy Board of India, Regulations Related to Corporate Insolvency Proceedings
Cal. HC: DM Can Delegate Powers to Executive Magistrate to Take Possession of Secured Assets(14.09.2022)
Calcutta High Court has held that step taken under Section 14 of SARFAESI Act while taking possession of the secured assets is a ministerial step and .....
Tags : Calcutta High Court, SARFAESI, District Magistrate
Delhi HC: Mere Exculpatory Statement Not Ground to Believe Accused is Not Guilty of Money Laundering(15.09.2022)
Delhi High Court has held that a mere exculpatory statement made to officials of Enforcement of Directorate (ED) cannot suffice to form a reasonable g.....
Tags : Delhi High Court, Money Laundering, Enforcement Directorate
Delhi HC: Temporary Official Appointed on Work Charge Basis Can’t Claim Seniority for Such Period(16.09.2022)
Delhi High Court has held that a temporary official, who is purely appointed on daily rated or work charge basis for specific period to do a specific .....
Tags : Delhi High Court, Temporary Official, Daily Rated, Seniority
Supreme Court Dismisses Dalmia Petition Challenging NCLAT Order on Binani Cement(20.11.2018)
Supreme Court has dismissed Dalmia Bharat’s plea challenging National Company Law Appellate Tribunal’s order allowing UltraTech Cement to acquire bank.....
Tags : Supreme Court, Binani Cement, Ultratech, NCLAT
Supreme Court Upholds Validity of Prevention of Money Laundering Act(27.07.2022)
Supreme Court has upheld the provisions of Prevention of Money Laundering Act (PMLA), 2002 which relate to the power of arrest, attachment, and search.....
Tags : Supreme Court, PMLA, Validity, Enforcement Directorate
SC: Additional Chief Metropolitan/District Magistrate Can Exercise Power U/S 14 of SARFAESI(28.07.2022)
Supreme Court has held that term ‘District Magistrate’ and ‘Chief Metropolitan Magistrate’ as appearing in Section 14 of the SARFAESI Act shall deem t.....
Tags : Supreme Court, SARFAESI, Magistrate
SC: Additional CMM is Not Subordinate to CMM in Exercise of Judicial Powers(28.07.2022)
Supreme Court has held that Additional Chief Metropolitan Magistrate (CMM) cannot be said to be subordinate to the Chief Metropolitan Magistrate in so.....
Tags : Supreme Court, Chief Metropolitan Magistrate, Powers, Subordinate
Cal. HC Formulates Guidelines for Executive Magistrates Exercising Jurisdiction U/S 111 CrPC(04.08.2022)
Calcutta High Court has laid down guidelines for Executive Magistrates exercising jurisdiction under Section 111 of the Code of Criminal Procedure (Cr.....
Tags : Calcutta High Court, Executive Magistrate, Guidelines
RBI Hikes Key Rate By 0.50% To Pre-Pandemic Levels(05.08.2022)
Reserve Bank of India (RBI) has increased its key lending rates by 50 basis points to pre-pandemic levels of 5.40 per cent in an attempt to control th.....
Tags : Reserve Bank of India, Lending Rates, Inflation
Status Quo on MDR: RBI(31.03.2017)
RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....
Tags : Reserve Bank of India, merchant discount rate
MCA Relaxes Norms for M&A Deals Clearance by CCI(31.03.2017)
Ministry of Corporate Affairs (MCA) has eased the criteria for notifying Mergers and Acquisitions (M&A) deals to the Competition Commission of India (.....
Tags : Ministry of Corporate Affairs, Competition Commission of India
INSOLVENCY - 51% COC Vote Enough for Forensic Audit of Corporate Debtor: NCLT(08.03.2019)
National Company Law Tribunal (NCLT) has clarified that 51 per cent vote of the Committee of Creditors (CoC) is enough to initiate a forensic audit of.....
Tags : NCLT, Forensic Audit, Corporate Debtor
Kerala High Court Quashes Kerala Police FIRs Against Enforcement Directorate(16.04.2021)
Kerala High Court has quashed the two FIRs registered by the Kerala Police Crime Branch against "unnamed officials" of the Enforcement Directorate for.....
Tags : Kerala High Court, FIRs Against Enforcement Directorate
MP HC Grants Pre-Arrest Bail to Vendor Accused of Selling Adulterated Paneer(05.01.2023)
Madhya Pradesh High Court while granting anticipatory bail to vendor accused of selling adulterated paneer, has observed that there was no evidence to.....
Tags : Madhya Pradesh High Court, Anticipatory Bail, Adulterated
Del. HC: State Can't Deny Reimbursement on Ground Hospital Charged Amount Exceeding Approved Rates(10.01.2023)
Delhi High Court has held that reimbursement of medical expenses under Central Government (Medical Attendance) Rules, 1944 can’t be denied on the grou.....
Tags : Delhi High Court, Medical Reimbursement, Approved Rates
Madras HC Sentences Man to 3 Months Imprisonment for Using Foul Language Against Magistrate(29.04.2019)
Madras High Court has sentenced a man to three months of simple imprisonment for using foul language against a judicial magistrate in a representation.....
Tags : Madras High Court, Foul Language Against Magistrate
Karnataka HC Directs Ensuring Beds Availability at Hospitals Operated by Defence Establishments(28.04.2021)
Karnataka High Court has directed the Central Government to ensure that some beds are made available for the benefit of citizens at hospitals operated.....
Tags : Karnataka High Court, Hospitals Operated by Defence Establishments
Ministry of Corporate Affairs Extends Period for Holding Meetings of Board of Companies(04.05.2021)
Ministry of Corporate Affairs has notified that the requirement of holding meetings of the Board of the companies as per section 173 of the Companies .....
Tags : Ministry of Corporate Affairs, Meetings of Board of Companies
Kerala HC Directs State to File Statement on Issue of Reducing Rates of RT-PCR Test(05.05.2021)
Kerala High Court has directed the State to file a statement listing out on what legal basis the state government decided to issue an order reducing t.....
Tags : Kerala High Court, Reducing Rates of RT-PCR Test
Del. HC to Vivo: Approach PMLA Appellate Tribunal in Plea Against Freezing of Debt Accounts(31.03.2023)
Delhi High Court has directed Vivo India to approach PMLA Appellate Tribunal to pursue its appellate remedies against the order of Enforcement Directo.....
Tags : Delhi High Court, PMLA Appellate Tribunal, Vivo, Enforcement Directorate
Bom. HC: No Legal Error in Alignment/Acquisition Proceedings of ML-4 Project(31.03.2023)
Delhi High Court has directed Vivo India to approach PMLA Appellate Tribunal to pursue its appellate remedies against the order of Enforcement Directo.....
Tags : Delhi High Court, PMLA Appellate Tribunal, Vivo, Enforcement Directorate
NCLAT Opens Doors for Adani, Others to Bid for Jaypee Infratech(18.07.2019)
National Company Law Appellate Tribunal (NCLAT) has asked the counsel for lenders of Jaypee Infratech to provide terms and conditions for new resoluti.....
Tags : NCLAT, Jaypee Infratech
MCA Relaxes Time for Filing Forms Related to Creation/Modification of Changes(02.07.2021)
Ministry of Corporate Affairs has notified relaxation in time for filing forms related to creation/modification of changes under Companies Act, 2013. .....
Tags : Ministry of Corporate Affairs, Time for Filing Forms Related to Creation/Modification of Changes
Chhattisgarh HC Issues Practice Directions to Magistrates Trying Offences Under NI Act(05.07.2021)
Chhattisgarh High Court has issued practice directions to Magistrates and Trial Courts having jurisdiction to try offences under the Negotiable Instru.....
Tags : Chhattisgarh High Court, Practice Directions to Magistrates Trying Offences Under NI Act
RBI Allows Bank to Offer Lower Rate on Matured Fixed Deposits(06.07.2021)
Reserve Bank of India has allowed banks to offer the lower of either the savings deposit rate or fixed deposit rate on matured Fixed Deposits in a bid.....
Tags : Reserve Bank of India, Rate on Matured Fixed Deposits
SC: HC Can’t Quash Magistrate's Order U/S 14 SARFAESI Act, While Exercising Power U/S 482 CrPC(10.07.2023)
Supreme Court has held that petition filed under Section 482 of CrPC to quash an order passed under Section 14 of the SARFAESI Act is not sustainable,.....
Tags : Supreme Court, SARFAESI, Magistrate's Order, Quash
Gujarat High Court Suspends JMFC over Corruption Charges(23.12.2015)
Gujarat High Court has suspended a Judicial Magistrate First Class (JMFC) who was facing corruption charges.
Tags : Gujarat High Court, Judicial Magistrate First Class, corruption charges
Delhi HC: Property Can Be Registered Below Circle Rate(24.12.2015)
Delhi HC has allowed registration of properties even if valued below the minimum circle rate of the area.
Tags : Delhi HC, circle rate
Indore Firm To Pay $100,000 For Using Pirated Software(29.12.2015)
As per settlement reached, which was filed in Los Angeles Superior Court and approved by a judge, Pratibha Syntex Ltd., headquartered in Indore, has a.....
Tags : Pratibha Syntex Ltd., pirated software
Supreme Court: 'Police Can’t Act As Executive Magistrates'(24.10.2017)
Supreme Court has expressed surprise that police officers have been assigned the task of Executive Magistrates under Criminal Procedure Code to ensure.....
Tags : Supreme Court, Executive Magistrates
Gauhati HC Directs GST Commissioner to Decide Application Seeking Fixation of Special Rate(20.08.2021)
Gauhati High Court has directed the Goods and Service Tax Commissioner to decide the application seeking for fixation of a special rate to the value a.....
Tags : Gauhati High Court, Application Seeking Fixation of Special Rate
SC Extends Term of ED Director SK Mishra's Till September 15(28.07.2023)
Supreme Court has extended the term of the Director of the Directorate of Enforcement (ED) SK Mishra till September 15 and added that no further appli.....
Tags : Supreme Court, Directorate of Enforcement, Director, Term
SC to ED: Withdraw LOC Against TMC MP Abhishek Banerjee & Wife Rujira Banerjee(31.07.2023)
Supreme Court has directed Directorate of Enforcement (ED) to withdraw the Look Out Circular (LOC) issued against TMC MP Abhishek Banerjee and his wif.....
Tags : Supreme Court, Look Out Circular, Directorate of Enforcement
EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)
Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....
Tags : Employees' Provident Fund Organisation, interest rate on retirement savings
CBDT Notifies New Depreciation Rates on Vehicles Purchased Between 23.08. 2019 to 31.03.2020(24.09.2019)
Central Board of Direct Taxes(CBDT) has notified new depreciation rates of 30% and 45% on vehicles purchased between 23.08.2019 to 31.03.2020. The rat.....
Tags : Central Board of Direct Taxes, CBDT, New Depreciation Rates
Supreme Court: Chief Judicial Magistrates Competent to Deal With Applications U/s 14 SARFAESI Act(24.09.2019)
In an important ruling, SC has held that a Chief Judicial Magistrate is equally competent to deal with the application moved by the secured creditor u.....
Tags : Supreme Court, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Chief Judicial Magistrate
RBI Cuts Repo Rate from 5.40% to 5.15%(04.10.2019)
Reserve Bank of India (RBI) has lowered its key lending rate or the repo rate by 0.25 per cent — from 5.40 per cent to 5.15 per cent in its fourth bi-.....
Tags : RBI, Repo Rate
SC: Moratorium Does Not Apply to Proceedings in Respect of Directors/Management of Corporate Debtor(17.09.2021)
Supreme Court has observed that the moratorium ordered under Section 14 of the Insolvency and Bankruptcy Code, 2016 does not apply in respect of the d.....
Tags : Supreme Court, Proceedings in Respect of Directors/Management of Corporate Debtor
Ker HC: If Presence of Accused Can’t be Secured Despite Best Effort, Magistrate can Stop Proceedings(07.12.2023)
Kerala High Court has held that in cases where the presence of the accused cannot be secured notwithstanding the earnest and sincere efforts of the Pr.....
Tags : Kerala High Court, Magistrate, Presence, Accused
MCA Orders Merger of NSEL, FTIL(15.02.2016)
Ministry of Corporate Affairs (MCA) has ordered merger of National Spot Exchange (NSEL) with its promoter Financial Technologies (FTIL).
Tags : Ministry of Corporate Affairs , NSEL, FTIL
ITAT Delhi: Excessive Application of Net Profit Rate is Not Admissible(04.12.2019)
Income Tax Appellate Tribunal, Delhi has ruled that in earlier assessment years as well as in subsequent assessment years, a particular net profit rat.....
Tags : ITAT Delhi, Net Profit Rate
SC: Separate Classification in Favour of Religious Properties for Rent Laws not Violative of Art 14(05.12.2019)
Supreme Court while upholding the constitutional validity of Punjab Religious Premises and Land (Eviction and Rent Recovery) Act, 1997 observed that .....
Tags : SC, Seperate Classification
MCA Extends Last Date of Filing of Cost Audit Report to Board of Directors(28.09.2021)
Ministry of Corporate Affairs (MCA) has extended the last date of filing of the Cost Audit Report to the Board of Directors under Rule 6(5) of the Com.....
Tags : Ministry of Corporate Affairs, Last Date of Filing of Cost Audit Report
SC: ED Must Furnish Ground of Arrest in Writing at the Time of Arrest(04.10.2023)
Supreme Court while observing that Directorate of Enforcement (ED) is not expected to be vindictive in its conduct, has held that it would be necessar.....
Tags : Supreme Court, Directorate of Enforcement, Arrest
Del. HC: Claiming Separate Residence Not Cruelty if Justifiable Reasons Exists(12.10.2023)
Delhi High Court has held that where there exist certain justifiable reasons, claim by wife for a separate residence per se cannot be termed as an act.....
Tags : Delhi High Court, Separate Residence, Cruelty
SC Asks Companies for Pre-Deposits for Fast Hearing(02.05.2016)
SC, while noting that corporate cases are time-consuming for the judiciary, has asked for pre-deposits by companies and said, “People file cases and t.....
Tags : SC, corporate cases
SEBI Board Strengthens Corporate Governance Norms(29.03.2018)
Securities and Exchanges Board of India (SEBI) has accepted 40 out of 80 recommendations that were suggested by the Uday Kotak committee on corporate .....
Tags : SEBI, Corporate Governance
Govt. Extends Condonation of Delay Scheme, 2018 Upto 30th April(31.03.2018)
Ministry of Corporate Affairs has extended the Condonation of Delay Scheme (CODS) 2018 upto 30th April, 2018. The MCA has introduced this scheme givin.....
Tags : Ministry of Corporate Affairs, Condonation of Delay Scheme
SC Issues Notice to ED on Karti's Plea For Return of Rs 20 Crores Deposited with Court(14.01.2020)
Supreme Court has issued notice to the Enforcement Directorate on Karti Chidambaram's plea seeking return of his deposit of Rs 20 crore, which was dep.....
Tags : Supreme Court, Enforcement Directorate, Karti Chidambaram
Delhi HC Grants Interim Relief to ED, Stays Notices Issued by West Bengal Police(13.12.2021)
Delhi High Court has granted ad interim relief to the Enforcement Directorate by staying the operation of the notices, issued by West Bengal Police, t.....
Tags : Delhi High Court, Interim Relief to Enforcement Directorate
All. HC: Prelim. Inquiry can be Ordered if Appln u/s 156(3) CrPC Doesn’t Disclose Cognizable Offence(09.11.2023)
Allahabad High Court has held that if the application u/S 156(3) Cr.P.C, filed before Magistrate, in the considered opinion of the Magistrate, doesn’t.....
Tags : Allahabad High Court, Cognizable Offence, Preliminary Inquiry, Magistrate
Delhi HC to ED: Why Not Give Case Papers to Virbhadra(05.01.2016)
Delhi HC has questioned Enforcement Directorate (ED) on its refusal to furnish case documents to Himachal Pradesh Chief Minister Virbhadra Singh who i.....
Tags : Delhi HC , Virbhadra Singh , Enforcement Directorate
RBI Tightens Provisions for Yet to Fail CDR Accounts(12.01.2016)
Reserve Bank of India (RBI) has asked lenders to increase provisioning for accounts that may not have yet failed Corporate Debt Restructuring (CDR) bu.....
Tags : Reserve Bank of India, Corporate Debt Restructuring
Supreme Court Rejects ED Plea Against Satyam’s Successor Firm Tech Mahindra(11.12.2017)
Supreme Court has dismissed an appeal filed by Enforcement Directorate against a 2014 Hyderabad High Court judgement quashing money laundering charges.....
Tags : Supreme Court, Enforcement Directorate
MCA Extends Due Date of Filing Annual Return and Financial Statement(31.10.2019)
Ministry of Corporate Affairs (MCA) has extended the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Compa.....
Tags : Ministry of Corporate Affairs, Companies Act,2013, Extension of date
DGFT Issues Trade Notice to Importer-Exporter Codes for Deactivation(22.11.2021)
Directorate General of Foreign Trade (DGFT) has issued the trade notice to all Importer-Exporter Codes (IECs) which have not been updated after Januar.....
Tags : Directorate General of Foreign Trade, Importer-Exporter Codes
Calcutta High Court: Intention to Arbitrate Must be Clearly Stated by Parties Within Agreement(23.01.2024)
Calcutta High Court has held that parties to an arbitration agreement should clearly state their intentions to arbitrate and should abstain from using.....
Tags : Calcutta High Court, Intention to Arbitrate, Agreement
INTERIM BUDGET – 2024(01.02.2024)
• Tax Rates to be retained for direct and indirect taxes including import duties
• Exemption granted to some IFSC units, that was expiring on March 3.....
Tags : Tax Rates, IFSC Units, Direct Tax Demands
CCI Approves UltraTech Cement’s Rs16,189 Crore Deal with Jaiprakash Associates(11.08.2016)
Competition Commission of India (CCI) has approved UltraTech Cement’s Rs16,189 Crore deal with Jaiprakash Associates.
Tags : Competition Commission of India, UltraTech Cement, Jaiprakash Associates
SC Seeks Government Response on Doctor’s PPE Plea for Medical Fraternity(02.04.2020)
Supreme Court has asked the Government to respond to a doctor’s plea for a Court direction to the Government to urgently step up and issue World Healt.....
Tags : Supreme Court, Personal Protection Equipment for Medical Fraternity
Delhi HC Directs Release of Child in Conflict with Law Incarcerated in Observation Home(23.12.2021)
Delhi High Court has directed the release of a child in conflict with law who was incarcerated in an observation home despite an order passed by the J.....
Tags : Delhi High Court, Child in Conflict with Law Incarcerated in Observation Home
MCA Invites Public Comments on Proposed Changes to CIRP Framework under IBC(27.12.2021)
Ministry of Corporate Affairs has invited the Public Comments on proposed changes to Corporate Insolvency Resolution and Liquidation Framework under .....
Tags : Ministry of Corporate Affairs, Proposed Changes to CIRP Framework
Supreme Court: Payment of Loan Amount to NBFC Along With Decided Rate of Interest Non-Refundable(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
SC: Can’t Claim Refund of Interest Amount if Loan Amount Paid With Decided Rate of Interest(05.03.2024)
Supreme Court has held that if a person has executed an agreement and repaid the loan amount obtained with the interest as per the terms of the agreem.....
Tags : Supreme Court, Payment of Loan, NBFC, Rate of Interest
No Exemption for Woman to Appear Before Enforcement Directorate: Madras High Court(13.07.2018)
Madras High Court has dismissed the challenge made by Senior Advocate Nalini Chidambaram against the summons issued under Section 50 of Prevention of .....
Tags : Madras High Court, Enforcement Directorate
MCA Allows Companies to Hold Video Extraordinary General Meetings(09.04.2020)
Ministry of Corporate Affairs (MCA) has allowed companies to hold extraordinary general meetings through videoconferencing or other audio-visual means.....
Tags : Ministry of Corporate Affairs, Video Extraordinary General Meetings
Rajasthan High Court Allows UltraTech Plea(09.04.2020)
Rajasthan High Court has struck down the demand raised by the Goods and Services Tax (GST) Department against UltraTech Nathdwara Cement for unpaid du.....
Tags : Rajasthan High Court, UltraTech Nathdwara Cement
MCA Clarifies Corporate Contributions Towards Relief Funds Not to Qualify as CSR Expenditure(13.04.2020)
Union Ministry of Corporate Affairs has clarified that contributions made to the Chief Minister's Relief Fund or State Relief Fund for COVID-19 do not.....
Tags : Ministry of Corporate Affairs, Contributions Towards Relief Funds
Karnataka HC: Private Complaint Before Magistrate Court Alleging Offence u/s 191 IPC Maintainable(17.03.2022)
Karnataka High Court has said that a private complaint made before the magistrate court alleging offence under section 191 of Indian Penal Code, 1860 .....
Tags : Karnataka High Court, Private Complaint Before Magistrate Court
RBI Announces Cut in Repo Rate and Reverse Repo Rate(27.03.2020)
Reserve Bank of India (RBI) has announced a 75 basis points cut in repo rates, 90 basis points cut to 4% in reverse repo rate as a measure to counter .....
Tags : Reserve Bank of India, Cut in Repo Rate and Reverse Repo Rate
#Economic Survey 2021-2022: Finance Minister Tables Economic Survey: Projected GDP Growth Rate at 8%(31.01.2022)
Finance Minister Nirmala Sitharaman has tabled the Economic Survey report in the Lok Sabha. The Survey has projected a GDP growth rate in the range of.....
Tags : Finance Minister Nirmala Sitharaman, Projected GDP Growth Rate
#Union Budget 2022-2023: Acceleration of Corporate Exit and Launch of E-Bill System(01.02.2022)
Finance Minister has said that accelerated corporate exit will be facilitated by reducing it from 2 years to 6 months. E-bill system will be launched .....
Tags : Union Budget, Finance Minister, Corporate Exit, E-Bill System
Securities and Exchange Board of India Imposes Fine on Jaypee Infratech for Lapse in Disclosures(15.03.2022)
Securities and Exchange Board of India has imposed Rs 7 lakh fine on Jaypee Infratech Ltd for disclosure lapses. The Board has said that the company d.....
Tags : Securities and Exchange Board of India, Jaypee Infratech Ltd
CBDT Notifies Forms for Firms to Avail Lower Corporate Taxes(17.02.2020)
Central Board of Direct Taxes (CBDT) has notified Forms 10-IC and 10-ID for existing companies that want to avail lower Income Tax rates and new manuf.....
Tags : Central Board of Direct Taxes, Forms for Firms to Avail Lower Corporate Taxes
Ministry of Corporate Affairs Extends Due Date of Filing Annual Return and Financial Statement(15.02.2022)
Ministry of Corporate Affairs ( MCA ) has again extended the due date of filing Annual Return and Financial Statement. The MCA has also relaxed the le.....
Tags : Ministry of Corporate Affairs, Filing Annual Return and Financial Statement
Bombay High Court: Pardanashin Woman Allowed to Amend Written Statement(11.03.2024)
Bombay High Court has allowed a pardanashin woman to amend her written statement on the ground that the woman was illiterate and was unable to underst.....
Tags : Bombay High Court, Written Statement, Pardanashin Woman, Illiterate
Meghalaya High Court: Trial Court Should Adopt Procedure Understandable by Illiterate Person(11.03.2024)
Meghalaya High Court has observed that the trial court while performing its duty under Section 313 of the Code of Criminal Procedure, 1973, should ado.....
Tags : Meghalaya High Court, Section 313 of CrPC, Illiterate Person
Del. HC: Cannot Quash ED Summons Only Because it Lacks Relevant Documents Required For Investigation(15.03.2024)
Delhi High Court has held that if the Enforcement Directorate (ED) issues summons, they cannot be quashed merely on the ground that relevant documents.....
Tags : Delhi High Court, Enforcement Directorate, Relevant Documents
Delhi Chief Minister Arvind Kejriwal Arrested by Enforcement Directorate in Liquor Policy Case(22.03.2024)
Enforcement Directorate has arrested Chief Minister of Delhi Arvind Kejriwal in a money laundering case that is related to the alleged liquor policy s.....
Tags : Enforcement Directorate, Chief Minister, Liquor Policy Case
Delhi HC Seeks Response for Providing Holistic Treatment Under Allopathy, Ayurveda, Homeopathy(27.04.2022)
Delhi High Court has issued a notice on a Public Interest Litigation filed by Advocate Ashwini Upadhyay, seeking adoption of a Holistic Integrated Med.....
Tags : Delhi High Court, Public Interest Litigation, Holistic Integrated Medicinal, Ashwini Upadhyay
Delhi HC Seeks Records From NCB, Customs & DRI in NDPS Cases(28.04.2022)
Delhi High Court has directed the Directorate of Revenue Intelligence, the Narcotics Control Bureau and the Customs Department to put on record a stat.....
Tags : Delhi High Court, Directorate of Revenue Intelligence, Narcotics Control Bureau, Customs Department, Narcotics Drugs and Psychotropic Substances Act, 1985, Customs Act, 1962
Rajasthan HC Dismisses Widow's Plea Seeking Horizontal Reservation in ST Category(28.04.2022)
Rajasthan High Court has dismissed a widow's challenge to the legality of the category-wise merit list prepared after preliminary examinations for rec.....
Tags : Rajasthan High Court, widow's, preliminary examinations, category-wise merit list, Civil Judge, Judicial Magistrate, Rajasthan Judicial Services
NCLAT Chennai: Corporate IRP Can be Resume on Failure of Settlement Agreement(02.05.2022)
National Company Law Appellate Tribunal, Chennai has observed that Corporate Insolvency Resolution Process can be revive/resume in case of failure of .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process
Allahabad HC Refers Yamuna Expressway Land Acquisition Dispute to Arbitration(04.11.2016)
Allahabad High Court has referred to arbitration a dispute between Yamuna Expressway Authority and JP Infratech Ltd in connection with enhanced compen.....
Tags : Allahabad High Court, arbitration, Yamuna Expressway, JP Infratech
Kerala HC Stays Munsiff-Magistrate Notification on Finding That it Excluded EWS Reservation(23.07.2020)
Kerala High Court has stayed a High Court notification dated 20th June, 2020 inviting applications for appointment to the post of Munsiff-Magistrate, .....
Tags : Kerala High Court, Munsiff-Magistrate Notification
Karnataka HC Initiates Suo Moto Case to Quash Private Complaint Against Judicial Magistrate(24.07.2020)
Karnataka High Court has directed the Registrar General of the High Court to register a suo-motu criminal Petition under Section 482 of the Code of Cr.....
Tags : Karnataka High Court, Private Complaint Against Judicial Magistrate
NCLAT Upholds Dismissal of Petition Filed During Prohibited Period(24.05.2022)
National Company Law Appellate Tribunal while adjudicating an appeal has upheld that Corporate Insolvency Resolution Process cannot be initiated over .....
Tags : National Company Law Appellate Tribunal, Corporate Insolvency Resolution Process, Insolvency and Bankruptcy
Karnataka High Court Extends Stay on ED Attachment of Xiaomi India Pvt. Assets(24.05.2022)
Karnataka High Court has extended the stay granted on the Enforcement Directorate’s order dated April 29 till June 1. By the said order ED has directe.....
Tags : Karnataka High Court, Enforcement Directorate, Foreign Exchange management Act
RBI Hikes Repo Rate by 25 bps to 6.5%(01.08.2018)
Reserve Bank of India’s (RBI’s) monetary policy committee (MPC) has raised repo rate by 25 basis points (bps) to 6.5%.
Tags : Reserve Bank of India, Repo Rate
NCLAT Directs NBCC to Implement Resolution Plan Pending Appeal in Jaypee Infratech Matter(27.04.2020)
National Company Law Appellate Tribunal has declined to stay the implementation of the modified resolution plan and directed NBCC Limited to acquire t.....
Tags : National Company Law Appellate Tribunal, Jaypee Infratech
Andhra Pradesh HC: In Contract, Rate of Interest May be customized by Court on Equitable Grounds:(30.03.2022)
Andhra Pradesh High Court has decided that where the rate of interest is fixed in the contract, it would be open to the Court to alter the rate of int.....
Tags : Andhra Pradesh High Court, Interest Rate, Contract
Mumbai Court Grants Bail to Key Accused in Clubhouse App Case(01.04.2022)
Mumbai Metropolitan Magistrates Court has granted bail to 18-year old Akash Suyal, martyred Army officer's son and creator of chat room on Clubhouse, .....
Tags : Metropolitan Magistrates Court, Clubhouse App Case
NCLAT Approves UltraTech Cement’s Revised Resolution Plan for Binani Cement(15.11.2018)
National Company Law Appellate Tribunal (NCLAT) has approved the revised resolution plan submitted by Ultratech Cement for debt-ridden Binani Cement.
Tags : NCLAT, Binani Cement, Ultratech
NCLAT: Claims of Homebuyers Reflected in Corporate Debtor Records Must be Shown in Information Memo(03.06.2022)
National Company Law Appellate Tribunal (NCLAT) Principal bench has held that the claims of those homebuyers who could not file their claims within st.....
Tags : NCLAT, Homebuyers, Corporate Debtor
Delhi HC: IGST Refund allowable on Zero Rated Supplies(08.06.2022)
Delhi High Court has held that Integrated Goods and Services Tax (IGST) refund is allowable on zero-rated supplies.
Tags : Delhi High Court, IGST, Zero-Rated Supplies
Delhi Court Extends AAP Minister Satyendar Jain’s ED Custody(09.06.2022)
Delhi Court has extended the Enforcement Directorate's custody of Aam Aadmi Party (AAP) Minister Satyendar Jain till June 13, in connection with a mon.....
Tags : Delhi Court, Enforcement Directorate, AAP
RBI Slashes Key Rate 40 Basis Points to New All-Time Low(25.05.2020)
Reserve Bank of India has cut key interest rates by 40 basis points to a new low of 4%, citing an assessment of Gross Domestic Product contraction in .....
Tags : Reserve Bank of India, Interest Rates
Manipur HC: Cognizance Can't Be Taken for Offence u/s 188 IPC(08.04.2022)
Manipur High Court has held that Magistrate cannot take cognizance of a complaint which involves an offence punishable under Section 188 of the Indian.....
Tags : Manipur High Court, Magistrate, cognizance, Section 188 of the Indian Penal Code, 1860, public servant
NCLT, Kolkata: Corporate Debtor Cannot Be Sent Into Liquidation(08.04.2022)
National Company Law Tribunal, Kolkata has observed that just because the liquidation value is being projected higher than the value of the resolutio.....
Tags : National Company Law Tribunal, liquidation value, resolution plan, Corporate Debtor, liquidation
CESTAT, Mumbai: Third Party Records Cannot Form Basis of Clandestine Removal(13.04.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has observed that records of the third party cannot form the basis of clandestine removal, un.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, clandestine removal, corroborated
SC Acquits Man Accused of Selling Adulterated Haldi Powder(31.07.2020)
Supreme Court has acquitted a man accused of selling adulterated Haldi Powder while finally disposing a criminal case which started 38 years ago.
Tags : Supreme Court, Adulterated Haldi Powder
Gujarat HC: Reassessment Should Only be Done by Officer or His Successor(04.05.2022)
Gujarat High Court, while invalidating the reassessment initiated by the Directorate of Revenue Intelligence, has ruled that the officer who did the a.....
Tags : Gujarat High Court, reassessment, Directorate of Revenue Intelligence
CESTAT, Mumbai: Voluntarily Acceptance of Higher Value Exempts Importer From Confiscation Liability(05.05.2022)
Customs, Excise & Service Tax Appellate Tribunal, Mumbai has reiterated that voluntarily acceptance of a higher value and willing to pay the customs d.....
Tags : Customs, Excise & Service Tax Appellate Tribunal, customs duty, Customs Act, 1962, enhanced rate, redemption fine
NCLT, Delhi: NCLT Empowered to Pierce Corporate Veil to Ascertain True Successful Bidder(11.05.2022)
National Company Law Tribunal, New Delhi has held that it has the power to pierce the corporate veil to establish the real successful bidder. The corp.....
Tags : National Company Law Tribunal, corporate personality, legitimate purposes
RBI Releases Fifth Bi-monthly Monetary Policy Statement, 2016-17; Kept Repo Rate Unchanged(07.12.2016)
Reserve Bank of India (RBI) has released Fifth Bi-monthly Monetary Policy Statement, 2016-17 wherein it has kept Repo rate unchanged at 6.25 percent, .....
Tags : Reserve Bank of India , Monetary Policy, Reverse Repo, Repo rate
NCLAT, Delhi: Arrears of Salary Accumulated for More Than Three Years Are Not Eligible for CIRP(13.05.2022)
National Company Law Appellate Tribunal, New Delhi has ruled that arrears of salary due beyond a period of three years would be barred by limitation f.....
Tags : National Company Law Appellate Tribunal, three years, Corporate Insolvency Resolution Process, limitation
NCLAT: Insolvency Cannot be Initiated on Basis of Unpaid LTC And Leave Encashment Dues(16.05.2022)
National Company Law Appellate Tribunal, has ruled that the welfare claims such as Leave Encashment, superannuation dues are not operational debt for .....
Tags : National Company Law Appellate Tribunal, Leave Encashment, Corporate Debtor, Section 9, Insolvency & Bankruptcy Code, 2016, superannuation dues
Calcutta HC: Concessional Tax Rate and Form D Once Granted, Cannot Be Taken Back(23.05.2022)
Calcutta High Court has held that once the concessional rate of tax and the certificate in Form D was granted it cannot be taken back as it violates t.....
Tags : Calcutta High Court, Concessional Tax Rate, Form D
SC Issues Notice to Sub-Divisional Magistrate, Gorakhpur for Misleading the Court(28.09.2020)
Supreme Court has issued notice to one Manisha Waskale, Sub-Divisional magistrate, inquiring why appropriate proceedings be not initiated against her .....
Tags : Supreme Court, Sub-Divisional Magistrate, Gorakhpur
Bombay HC Stays State Government's Notification Fixing Maximum Rates for Non-Covid Patients(28.09.2020)
Bombay High Court has stayed the operation of the State Government's notification wherein the maximum rates chargeable for treatment of Non-Covid pati.....
Tags : Bombay High Court, Fixing of Rates for Non-Covid Patients
Madras HC: Assessee Can be Prosecuted if Concealment of Income is Deliberate(27.06.2022)
Madras High Court has held that an assessee can be prosecuted for willfully and deliberately concealing his income by not filing his income tax return.....
Tags : Madras High Court, Income-Tax Return, Deliberate
Madras HC Expresses Concern over Increase in Crime Rates For Gain(02.01.2017)
Madras High Court, while expressing concern over increasing number of murders for gain being reported from various parts of State, has observed that r.....
Tags : Madras HC, Crime Rates
Insolvency can be Triggered Against Unincorporated Joint Ventures: NCLAT(03.12.2018)
NCLAT has held in a case related to AMB Infrabuild Pvt. Ltd. and Earth Galleria Pvt. Ltd. that insolvency can be triggered against an unincorporated j.....
Tags : NCLAT, Unincorporated Joint Ventures, Insolvency
Kar. HC: Magistrate's Permission Mandatory for Police Investigation U/S 127A of RP Act(02.09.2022)
Karnataka High Court has said that offence under Section 127-A of the Representation of People Act (Restrictions on the printing of pamphlets, posters.....
Tags : Karnataka High Court, Representation of People Act, Magistrate
SC Upholds Appointment of 66 Kerala Munsiff Magistrates from 2013(08.10.2018)
Supreme Court has held that the Kerala High Court was justified in making appointments of 66 munsiff magistrates selected pursuant to the advertisemen.....
Tags : Supreme Court, Munsiff Magistrates
SC Directs RBI to Inform About Plan on Lowering of Floating Rates for Loans(08.10.2018)
Supreme Court has required the Reserve Bank of India to convey its decision as to the lowering of floating rates for loans to the advantage of the con.....
Tags : Supreme Court, RBI, Floating Rates
MP HC Asks State to Issue Directions to Every Hospital to Display Rates for Treatment(10.09.2020)
Madhya Pradesh High Court has directed the State Government to issue directions to every Hospital, including Private Hospitals, to display the rates f.....
Tags : Madhya Pradesh High Court, Display of Rates of Treatment
SC Stays Proposed Demolition of Patna’s Collectorate Building(21.09.2020)
Supreme Court has stayed the proposed demolition of Patna's famous Collectorate building also known as 'Afim ka Bhandar' by directing that status quo .....
Tags : Supreme Court, Demolition of Patna’s Collectorate Building
Executive Magistrate can’t Order Police to Register FIR: SC(14.12.2018)
Supreme Court has observed that Executive Magistrate can’t direct the police to register an F.I.R. on basis of a private complaint lodged before him.
Tags : Supreme Court, Executive Magistrate, FIR
Employers Should be Considerate Towards Pregnant Women & Mothers: Delhi HC(14.12.2018)
Delhi High Court has said that women should be honoured and treated with dignity at workplace and asserted that employers should be sympathetic toward.....
Tags : Delhi High Court, Employers Should be Considerate Towards Pregnant Women & Mothers
SC to Union Government: Introduce Separate Act to Streamline Grant of Bail(11.07.2022)
Supreme Court has recommended the Union Government to introduce a special enactment in the nature of a Bail Act to streamline the grant of bail.
Tags : Supreme Court, Bail, Separate Act
Corporate Debtor can Withdraw Application Filed Under IBC on Making OTS Offer to Creditor : NCLT(28.01.2019)
NCLT has allowed the a corporate debtor to withdraw petition for its insolvency, though with costs, besides allowing ex-director of corporate debtor t.....
Tags : NCLT, Corporate Debtor can Withdraw Application Filed Under IBC
Bombay HC: Jurisdiction of DM Under SARFAESI Act Purely Ministerial in Nature(25.08.2022)
Bombay High Court while observing that jurisdiction of District Magistrate (DM) is limited only to assisting secured creditors in taking possession of.....
Tags : Bombay High Court, SARFAESI, District Magistrate
MCA Issues Clarification on Holding of Annual General Meeting Through Video Conferencing(15.01.2021)
Ministry of Corporate Affairs (MCA) has issued Clarification on the holding of annual general meetings (AGM) through video conferencing (VC) or anothe.....
Tags : Ministry of Corporate Affairs, Holding of Annual General Meeting
RBI Releases Draft MDR Norms(17.02.2017)
Reserve Bank of India (RBI) has released draft norms for revamping Merchant Discount Rate (MDR), with an aim to make it more cost effective and appeal.....
Tags : Reserve Bank of India, Merchant Discount Rate
Madras HC Issues Notice on Plea Seeking GST Exemption for Incorporated Members' Clubs(07.01.2021)
Madras High Court has issued notice to Central Government and the Central Board of Direct Taxes in Petition seeking exemption for members' club in an .....
Tags : Madras High Court, GST Exemption for Incorporated Members' Clubs
Jodhpur Based Court Acquits Salman Khan of All Charges Under Arms Act in Black Buck Poaching Case(18.01.2017)
A Jodhpur based Court has acquitted Bollywood Actor Salman Khan of all charges in Arms Act case against him in alleged poaching of two black bucks, af.....
Tags : Chief Judicial Magistrate, Jodhpur district, Salman Khan, Arms Act, Black Buck Poaching
Govt Relaxes Norms Dealing with CSR, Directors Appointment, Audits for Ease of Doing Biz At GIFT City(20.01.2017)
Union Ministry of Corporate Affairs has issued two notifications, giving thereby more relaxations aimed at more 'ease of doing business' for companies.....
Tags : Union Ministry of Corporate Affairs, Gift Citybased International Finance Service Centre
NCLT Can't Decide Inter-Se Claims by Parties Over Assets of Corporate Debtor: NCLAT(05.02.2019)
National Company Law Appellate Tribunal has held that inter-se claims by parties over assets of the corporate debtor cannot be determined by the Adjud.....
Tags : NCLAT, Inter-Se Claims by Parties Over Assets of Corporate Debtor
Magistrate Not Liable to Record Reasons for Summoning Accused in Case Instituted on Police Report: SC(06.02.2019)
Supreme Court has re-iterated that in a case based upon the police report, the Magistrate is not required to record any reason at the stage of issuing.....
Tags : Supreme Court, Magistrate Not Liable to Record Reasons for Summoning Accused in Case Instituted on Police Report
Delhi High Court Refuses to Stay Notification on Circle Rates(21.08.2015)
Delhi High Court has refused to stay a notification that tripled circle rates of agricultural land in national capital.
Tags : Delhi High Court ,Circle Rates
#GST: Govt Exempts SEZs from Integrated GST(07.07.2017)
Government has exempted goods imported by units or developers of special economic zones from Integrated Goods and Services Tax (IGST).
Tags : Government, Integrated GST
Mumbai Court Extends Sanjay Raut’s ED Custody(05.08.2022)
Mumbai Special Court has extended Enforcement Directorate (ED) custody of Sanjay Raut in Patra Chawl Scam case till August 8.
Tags : Mumbai Special Court, Enforcement Directorate, Custody
Supreme Court Asks Centre to Issue Fresh Notification on Appointment of ED Director(31.01.2017)
Supreme Court has directed Centre to issue a fresh notification within a week on appointment of Karnal Singh as director of Enforcement Directorate (E.....
Tags : Supreme Court, Enforcement Directorate, Director
Supreme Court: Magistrate Cannot Order Further Investigation After Cognizance Has Been Taken(03.02.2017)
Supreme Court has held that Magistrate cannot order further investigation after cognizance has been taken, process has been issued and accused has ent.....
Tags : Supreme Court, Magistrate, Cognizance, investigation
Madras HC Orders Enquiry into Conspiracy Between Directorate of Medical Education & Colleges(29.10.2020)
Madras High Court has ordered an enquiry into the conspiracy, if any, between the officials of the Directorate of Medical Education and the self-finan.....
Tags : Madras High Court, Conspiracy Between Directorate of Medical Education & Colleges
Cal. HC: Influential Accused Take Shelter in State-Run Hospital(25.07.2022)
Calcutta High Court while observing that Influential Accused Take Shelter in State-Run Hospital, has directed the Enforcement Directorate to shift Wes.....
Tags : Calcutta High Court, State Hospital, Enforcement Directorate
SC: Can't Seek Review Under the Garb of Miscellaneous Application(08.11.2022)
Supreme Court while Centre’s Plea to modify order passed by the Court on September 8, 2021 which prevented extension of tenure of Director of Enforcem.....
Tags : Supreme Court, Miscellaneous Application, Enforcement Directorate
RBI Permits PCE in Corporate Bonds(25.09.2015)
RBI has permitted banks to provide Partial Credit Enhancement (PCE) to bonds issued by corporates/Special Purpose Vehicles (SPVs) for funding all type.....
Tags : RBI ,PCE,Corporate Bonds
RBI Cut Repo Rate by 50 bps(29.09.2015)
Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....
Tags : Reserve Bank of India, Repo Rate
Gauhati HC Directs Govt to Create Separate Wing for Transgender Community in Hospital(24.03.2021)
Gauhati High Court has directed the Assam government to create a separate wing at the Gauhati Medical College and Hospital (GMCH) for the transgender .....
Tags : Gauhati High Court, Separate Wing for Transgender Community in Hospital
Bombay HC Calls for Halting Practice of Seeking Separate Reliefs of Injunction(25.03.2021)
Bombay High Court has called for a halt on the practice of seeking the separate reliefs of injunction for passing off and infringement when pleadings .....
Tags : Bombay High Court, Separate Reliefs of Injunction
SC: Corporate Debtor Only Offering Security by Pledging Shares Not a Financial Creditor(04.02.2021)
Supreme Court has held that if a corporate debtor has only offered security by pledging shares, without undertaking to discharge the borrower's liabil.....
Tags : Supreme Court, Corporate Debtor
J&K HC Stays Levy of Revised Stamp Duties on Registration of Documents(05.02.2021)
Jammu and Kashmir High Court has stayed a circular that issued revised stamp duty rates to be levied during registration of documents in an order on a.....
Tags : Jammu and Kashmir High Court, Revised Stamp Duty Rates
DGFT Introduces E-Tariff Rate Quota System for Imports(08.02.2021)
Directorate General of Foreign Trade (DGFT) has announced the introduction of an online e-Tariff Rate Quota (e-TRQ) System for imports. DGFT has prepa.....
Tags : Directorate General of Foreign Trade, E-Tariff Rate Quota System
Cal. HC: Magistrate Denuded to Remand Accused Beyond 30 Days Once UAPA Offences Are Added to FIR(07.12.2022)
Calcutta High Court has held that a Magistrate neither has the power to try, nor commit cases involving UAPA, and therefore, once the addition of offe.....
Tags : Calcutta High Court, UAPA, Remand, Magistrate
SC Dismisses Plea Seeking Allocation of Separate Funds for Judiciary(03.03.2021)
Supreme Court has dismissed for non prosecution a Public Interest Litigation filed seeking directions for allocation of separate and adequate funds fo.....
Tags : Supreme Court, Allocation of Separate Funds for Judiciary
Delhi HC Directs Union to File Affidavit in Case Regarding Covid Vaccine for Legal Fraternity(05.03.2021)
Delhi High Court has directed the Union, government of Delhi, Bharat Biotech and Serum Institute of India to file their affidavits addressing various .....
Tags : Delhi High Court, Covid Vaccine for Legal Fraternity
Bombay High Court Denies Pre-Arrest Bail to Magistrate Accused of Corruption(08.03.2021)
Bombay High Court has refused anticipatory bail to a Judicial Magistrate First Class (JMFC) from Maval Court, in Maharashtra, accused under the Preven.....
Tags : Bombay High Court, Pre-Arrest Bail to Magistrate Accused of Corruption
Calcutta HC: Enforcement Directorate Officers Are Not Police Officers(26.12.2022)
Calcutta High Court while referring to Supreme Court’s recent judgment in Vijay Madanlal Choudhary case, has held that Enforcement Directorate (ED) of.....
Tags : Calcutta High Court, Enforcement Directorate, Police Officer, Inquiry
Bombay High Court Puts On Hold DV Case Against Magistrate(07.03.2017)
Bombay High Court has stayed proceedings initiated against a woman Chief Metropolitan Magistrate in Gujarat in a domestic violence case filed by her b.....
Tags : Bombay High Court, domestic violence, Magistrate
Calcutta HC Orders District Magistrate to Act as Impartial Authority and Steer from Political Motivat(16.12.2020)
Calcutta High Court has ordered the District Magistrate of Cooch Behar District in West Bengal, to act as an impartial authority and to steer away fro.....
Tags : Calcutta High Court, District Magistrate
NCLAT: COC's Decision For Liquidation Is Open To Judicial Review By NCLT And NCLAT(19.10.2022)
National Company Law Appellate Tribunal, Delhi has ruled that when the Committee of Creditors (CoC) decides to liquidate the Corporate Debtor, the dec.....
Tags : National Company Law Appellate Tribunal, Committee of Creditors, Corporate Debtor, liquidation
SC Restrains Suo Moto Case on COVID Vaccination Priority for Legal Fraternity(18.03.2021)
Supreme Court has restrained the Delhi High Court from proceeding with the suo moto case taken by it to consider including legal fraternity in the pri.....
Tags : Supreme Court, COVID Vaccination Priority for Legal Fraternity
All HC: Guarantor’s Liability Doesn’t Absolve by Itself Upon Approval of Resolution Plan(16.01.2023)
Allahabad High Court has held that approval of a resolution plan under Section 31 of the IBC, does not ipso facto absolve the surety/guarantor of the .....
Tags : Allahabad High Court, Corporate Debtor, Guarantor’s Liability, Resolution Plan
P&H HC Seeks Response to Ask Corporate Houses for Participation in Fighting Covid 19(14.05.2021)
Punjab and Haryana High Court has sought the response of States of Punjab, Haryana and Union Territory of Chandigarh to ask the corporate houses for t.....
Tags : Punjab and Haryana High Court, Participation of Corporate Houses in Fighting Covid 19
Cal. HC: Magistrate Can’t Issue Automatic Order to Stop Investigation Upon Expiry of 6 Months(27.03.2023)
Calcutta High Court has held that Magistrate can stop investigation if Investigating Officer fails to satisfy Magistrate that in interests of justice .....
Tags : Calcutta High Court, Magistrate, Automatic Order, Investigation
RBI: Repo Rate Remains Unchanged at 7.25%;CRR Unchanged(04.08.2015)
Reserve Bank of India has kept interest rates unchanged. However it has raised hopes of a reduction before the end of the year if the monsoon maintain.....
Tags : RBI, Repo rate
Bombay High Court Extends Ministry of Corporate Affairs’ Time Limit Till October 31(10.08.2015)
Bombay High Court has extended time limit to pass a final order by Ministry of Corporate Affairs on proposed merger on National Spot Exchange with par.....
Tags : Bombay High Court, Ministry of Corporate Affiars
Delhi High Court: DRI Has No Jurisdiction to File Writ Against Order of Settlement Commission(23.05.2017)
Delhi High Court has held that Directorate of Revenue Intelligence (DRI) has no jurisdiction to file Writ Petition under Article 226 of Constitution o.....
Tags : Delhi High Court, Settlement Commission, Directorate of Revenue Intelligence
Govt Extends Due Date of Transfer of Shares to IEPF Authority, New Dates to Notify Soon(31.05.2017)
Ministry of Corporate Affairs has extended due date of transfer of shares to Investor Education and Protection Fund (IEPF) Authority which earlier was.....
Tags : Ministry of Corporate Affairs, Investor Education and Protection Fund
SC: RP Can Take Control of Corporate Debtor's Rights in Assets Licensed to Third Parties(16.03.2023)
Supreme Court has held that Resolution Professional (RP) is entitled to take control of the rights of a corporate debtor in assets which are licensed .....
Tags : Supreme Court, Corporate Debtor, Resolution Professional
Delhi HC Directs to Consider Plea on Regulation of Rate of HRCT Test as Representation(04.06.2021)
Delhi High Court has directed the Authorities to treat the plea to regulate or cap the rate of High-Resolution Computerised Tomography ('HRCT') test i.....
Tags : Delhi High Court, Regulation of Rate of HRCT Test
Delhi HC: Presence of Magistrate During Search Not Mandatory If Accused Waives His Right(09.06.2021)
Delhi High Court has held that once a suspect under the Narcotic Drugs and Psychotropic Substances Act, 1985 is informed about his right to be searche.....
Tags : Delhi High Court, Presence of Magistrate During Search
P&H HC Issues Directions on RAT and RTPCR Test Rates in State(28.05.2021)
Punjab and Haryana High Court has issued slew of directions on the aspects concerning uniformity in rates of RAT and RTPCR in States including Punjab,.....
Tags : Punjab and Haryana High Court, RAT and RTPCR Test Rates in State
NGT to DM Prayagraj & Kaushambi: Take Action Against Alleged Illegal Sand Mining in Yamuna(10.04.2023)
National Green Tribunal, Principal bench has directed District Magistrates of Prayagraj and Kaushambi districts in Uttar Pradesh to take action agains.....
Tags : National Green Tribunal, Illegal Sand Mining, Yamuna, District Magistrates
Kar. HC: Amendment Conferring Magistrate’s Power Upon Executive Authority is Ultra Vires(19.04.2023)
Karnataka High Court has held that Karnataka Registration of Births and Deaths (Amendment) Rules, 2022 which conferred powers on Revenue officials to .....
Tags : Karnataka High Court, Magistrate’s Power, Executive Authority, Ultra Vires
Union Budget, 2019 – Income Tax Rate Increases(05.07.2019)
Union Finance Minister Nirmala Sitharaman has increased the income tax rate to 3 % for those earning Rs 2 to 5 crore and to 7 % for those above Rs 5 c.....
Tags : Union Budget 2019, Income Tax Rate
Ministry of Corporate Affairs Notifies Procedure of Transfer of Shares to IEPF Authority(15.06.2021)
Ministry of Corporate Affairs has notified the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer, and Refund) Amendment Ru.....
Tags : Ministry of Corporate Affairs, Procedure of Transfer of Shares to IEPF Authority
MCA Allows Board of Directors to Approve Financial Statements, Board’s Report via Video Conferencing(16.06.2021)
Ministry of Corporate Affairs (MCA) has scrapped the Rule restraining the presentation of approval of the annual financial statements, approval of the.....
Tags : Ministry of Corporate Affairs, Approve Financial Statements, Board’s Report via Video Conferencing
SC: NCLT Has to Admit Section 7 Petition if Debt is Due(15.05.2023)
Supreme Court while observing that even non¬-payment of a part of debt when it becomes due and payable will amount to default on part of a Corporate D.....
Tags : Supreme Court, Corporate Debtor, Insolvency and Bankruptcy Code
Gauhati High Court Directs State to Reconsider Maximum Rates Fixed for COVID Treatment(28.06.2021)
Gauhati High Court has directed the State Government to reconsider the maximum rates fixed by it for Covid-19 treatment in private hospitals, making a.....
Tags : Gauhati High Court, Maximum Rates Fixed for COVID Treatment
Ker. HC: If Nature of Land is Changed, The Land Must be Re-Assessed Before Fixing Basic Tax Rate(15.06.2023)
Kerala High Court has held that competent authority is bound to re-assess the rate of basic tax and to make necessary entries in the Basic Tax Registe.....
Tags : Kerala High Court, Basic Tax Rate, Land
Cal. HC: Fixing Treatment Rates for Private Hospitals Will Violate Fundamental Right to Trade(15.06.2023)
Calcutta High Court has held that order issued by West Bengal Clinical Establishment Regulatory Commission for fixing of rates by Clinical Establishme.....
Tags : Calcutta High Court, Treatment Rates, Private Hospitals, Right to Trade
Kar. HC: SHO Can Seek Magistrate's Permission to Investigate Non-Cognizable Offence(21.06.2023)
Karnataka High Court while observing that it is not necessary for the informant alone to approach Magistrate with requisition seeking permission under.....
Tags : Karnataka High Court, Non-Cognizable Offence, Permission, Magistrate
Meg HC to CBW: Inquire into Allegation that different Rates are Charged from different manufacturers(21.06.2023)
Meghalaya High Court has directed Central Bonded Warehouse (CBW) which is the sole wholesaler for alcoholic beverage in the State, to inquire if it is.....
Tags : Meghalaya High Court, Central Bonded Warehouse, Biased, Rate
RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)
Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....
Tags : Reserve Bank of India , lending rates
RBI Leaves Repo Rate Unchanged; Cuts GVA Growth Estimate to 6.7%(05.10.2017)
The six-member Monetary Policy Committee of Reserve Bank of India, headed by Governor Urjit Patel has left the short-term lending rate, also known as .....
Tags : RBI, Repo Rate
Delhi HC Seeks Response on Plea for Building Separate Public Toilet Facilities for Transgender(27.07.2021)
Delhi High Court has sought the response of Centre and Delhi Government on a plea seeking directions for building separate public toilet facilities fo.....
Tags : Delhi High Court, Separate Public Toilet Facilities for Transgender
Bom HC: Pensioner Not Entitled to Reimbursement Beyond CGHS Rates When No Referral Memo Obtained(28.06.2023)
Bombay High Court has held that Central Government pensioners cannot obtain medical reimbursement beyond Central Government Health Scheme (CGHS) rates.....
Tags : Bombay High Court, Medical Reimbursement, CGHS Rates
Government Launches CRC to Ease Company Incorporation Procedure(25.01.2016)
Corporate Affairs Ministry has launched Central Registration Centre (CRC) to speed up company incorporation related services.
Tags : Corporate Affairs Ministry , Central Registration Centre (CRC)
Supreme Court: Magistrate Can Invoke Power under Section 156(3) CrPC Even at Post-Cognizance Stage(17.10.2019)
Supreme Court has ruled that Magistrate can invoke power under Section 156(3) of the Code of Criminal Procedure, 1973 even at post cognizance stage. T.....
Tags : Supreme Court, Magistrate
Madras High Court: Magistrate Cannot Order FIR Registration in Matters having Impact on Free Speech(25.10.2019)
Madras High Court has while quashing criminal proceedings instituted against ninety year old Tamil writer namely K.Rajanarayanan for allegedly insulti.....
Tags : Madras High Court, Magistrate
Supreme Court: Jaypee Homebuyers Will Get Their Money Back(19.09.2017)
Supreme Court has said that it could ask Jaiprakash Associates Ltd (JAL) to deposit Rs 10,000 crore-15,000 crore more to ensure that the homebuyers go.....
Tags : Supreme Court, Jaypee Infratech
GST: Government Exempts Skimmed Milk Powder or Concentrated Milk(26.09.2017)
Central Government has exempted skimmed milk powder or concentrated milk from the ambit of Goods and Services Tax (GST) regime.
Tags : Goods and Services Tax, Exemption, skimmed milk powder, concentrated milk
SC: Registration of FIR in Corruption Case is Sufficient for ED to Launch Probe(18.05.2023)
Supreme Court while clarifying that generation and acquisition of proceeds of crime are like Siamese twins which would amount to money laundering, has.....
Tags : Supreme Court, Corruption, Enforcement Directorate, FIR, Money Laundering
SC Grants Relief to Lanco Infratech(19.10.2015)
SC while providing relief Lanco Infratech, has directed Andhra Pradesh Power Utilities to refund about Rs 175 crore of Minimum Alternate Tax (MAT) col.....
Tags : SC , Lanco Infratech
Reserve Bank Cuts Key Lending Rates by 0.35%(07.08.2019)
Reserve Bank of India's Monetary Policy Committee (MPC) has cut key interest rate for the fourth consecutive time by 35 basis points or 0.35 per cent .....
Tags : Reserve Bank, Lending Rates
Top Court to Prateek Hajela: Ignore Criticism of Assam Assembly(09.08.2019)
Top Court has asked the State NRC coordinator Prateek Hajela to remain unperturbed by the recent discussions and debates on the NRC update exercise an.....
Tags : Top Court, Prateek Hajela
Rajasthan HC Directs to Conduct Training of Principal Magistrates in JJ Boards(15.07.2021)
Rajasthan High Court has directed Child Rights Department of the State Government to ensure that a training programme is conducted for Principal Magis.....
Tags : Rajasthan High Court, Training of Principal Magistrates in JJ Boards
MCA: Companies to Disclose Details of Crypto Currency in Financial Statements(11.08.2021)
Ministry of Corporate Affairs has stated that Companies have to disclose details of Crypto Currency in Financial Statements while answering a question.....
Tags : Ministry of Corporate Affairs, Disclosure of Crypto Currency
Kerala HC: Enforcement Directorate Can Prefer a Writ Plea Against State Government(13.08.2021)
Kerala High Court has held that the Enforcement Directorate can prefer a writ petition against the State Government despite being a statutory body sin.....
Tags : Kerala High Court, Enforcement Directorate
All. HC: Commercial Electricity Rates Not Applicable to Lawyers' Chambers(07.08.2023)
Allahabad High Court has held that the legal profession by no stretch of imagination can be called as a commercial activity, trade or business and the.....
Tags : Allahabad High Court, Commercial Electricity Rates, Lawyers' Chambers
Ker. HC: Can’t Discriminate Against Students for Availing Student Concession Rate While Boarding Bus(08.08.2023)
Kerala High Court has held that as long as student concessions are in force, owners and employees of a bus cannot take a discriminative stand against .....
Tags : Kerala High Court, Students, Concession Rates
Enforcement Directorate Arrests Kapil Wadhawan in Iqbal Mirchi Case(28.01.2020)
Enforcement Directorate has arrested Dewan Housing Finance’s former Chairman and Director, Kapil Wadhawan for his alleged role in financing the loan t.....
Tags : Enforcement Directorate, Kapil Wadhawan
Ministry of Corporate Affairs Notifies Winding Up Rules(29.01.2020)
Ministry of Corporate Affairs has notified rules for winding up of companies, making it easier for smaller firms to wind up businesses without taking .....
Tags : Ministry of Corporate Affairs, Winding Up Rules
RBI Keeps Repo Rate Unchanged at 6%(05.04.2018)
RBI has maintained status quo on the short-term lending rate, repo rate, at 6 per cent, in its first bi-monthly policy review of 2018-19. Reverse repo.....
Tags : RBI, Repo Rate
SC Says No to Out-of-Court Settlement between Binani Cement and UltraTech Cement(16.04.2018)
As Supreme Court has said no to out-of-court settlement, Binani Industries Ltd has withdrawn its plea seeking an end to the bankruptcy proceedings aga.....
Tags : Supreme Court, UltraTech Cements, Binani Cement
Madras High Court: Registered Person Making Zero Rated Supply is Eligible to Claim IGST Refunds(06.01.2020)
Madras High Court has held that a registered person making zero rated supply shall be eligible to claim Integrated Goods and Services Tax refunds, irr.....
Tags : Madras High Court, Zero Rated
Del. HC: Magistrates Taking Cognizance of Offences Can’t be a Routine Exercise(21.09.2023)
Delhi High Court while observing that if there is an order of magistrate taking cognizance of offence then the same would be perfunctory and not refle.....
Tags : Delhi High Court, Cognizance, Offence, Magistrate
SC: Can’t Allow use of Barium Nitrate Merely Because it Would be 30 Per Cent Less Polluting(25.09.2023)
Supreme Court has held that allowing the use of Barium Nitrate in firecrackers merely because it is indicated that the formulation as a whole would be.....
Tags : Supreme Court, Barium Nitrate, Polluting, Firecrackers
SC: S.202 CrPC Procedure Mandatory When Accused Resides at Place Outside Jurisdiction of Magistrate(25.08.2023)
Supreme Court has held that there is no doubt that procedure under Section 202 CrPC will have to be held as mandatory in a case where the accused is r.....
Tags : Supreme Court, Mandatory, Jurisdiction, Magistrate
Bombay HC Asks, Can't Companies Give 2% of Profit to Poor Patients(15.01.2016)
Bombay HC has said that corporates must consider setting aside 2% of their profits towards a corpus for patients unable to pay their hospital bills.
Tags : Bombay HC, corporates
US Supreme Court Axes Suit Over Mississippi Confederate Emblem(28.11.2017)
U.S. Supreme Court has rejected an appeal from an African-American attorney who called the Confederate battle emblem on the Mississippi flag "an offic.....
Tags : US Supreme Court, Mississippi Confederate Emblem
Arthur Road Jail, Sanjay Dutt's Former Prison, May House Vijay Mallya Too(29.11.2017)
Arthur Road Jail, Sanjay Dutt's Former Prison, May House Vijay Mallya Too
Tags : The Westminster Magistrates' Court had earlier this month rejected India’s extradition request for a UK-based alleged bookie, on the grounds that his human rights would be violated in Delhi’s notoriously overcrowded Tihar Jail.
Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case(29.11.2017)
Supreme Court Grants Time to Gujarat For Action Report Against Cops in Bilkis Bano Case
Tags : The Supreme Court bench, however, made it clear that the separate plea, seeking enhancement of compensation to be awarded to Bilkis Bano, would be taken up next week for hearing.
RBI Revises SDR Norms(26.02.2016)
Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....
Tags : Reserve Bank of India , Strategic Debt Restructuring
Bombay HC Rejects UltraTech Cement's Plan to Buy JP Associates’ Cement Plants in MP(29.02.2016)
Bombay High Court has rejected the scheme of arrangement for the acquisition of two cement plants of JP Associates by UltraTech Cement, citing the new.....
Tags : Bombay High Court,UltraTech Cement, JP Associates
MCA Notifies Deflagging of Disqualified DINs of Directors Post-Demonetization(11.11.2021)
Ministry of Corporate Affairs (MCA) has notified that the Director Identification Numbers (DINs) of Directors found to be disqualified post-demonetiza.....
Tags : Ministry of Corporate Affairs, Disqualified DINs of Directors Post-Demonetization
NGT Directs Telangana to Submit Environment Impact Assessment Reports on Strategic Road Development(03.10.2016)
National Green Tribunal (NGT) while demanding Environment Impact Assessment (EIA) report, which is mandatory for execution of the proposed Strategic R.....
Tags : NGT, Strategic Road Development
NCLAT: Initiation Of CIRP Not A Pre-Requisite To Initiate IRP Against The Personal Guarantor(28.01.2022)
NCLAT has held that initiation of Corporate Insolvency Resolution Process is not a pre-requisite to initiate Insolvency Resolution Process (IRP) again.....
Tags : Insolvency and Bankruptcy Code, NCLAT, Corporate Insolvency Resolution Process
Telangana HC: Scrutiny By IT Department Barred For The Period Covered By The Resolution Plan(28.01.2022)
Telangana High Court has observed that for the period covered by the Resolution Plan, Income Tax Department cannot carry out any scrutiny or assessmen.....
Tags : Income Tax Act, Insolvency and Bankruptcy Code, Corporate Debtor, Financial Creditor
MP HC: Promises Not Complied With by Husband in Agreement To Live Separately Entitles Wife to Maint.(01.02.2024)
Madhya Pradesh High Court has held that when the husband has taken a step back from the promises made in the agreement to live separately, then it can.....
Tags : Madhya Pradesh High Court, Maintenance, Live Separately
Del HC: Admission Can’t be Denied if DoE is Satisfied that Child is Entitled to Admission Under EWS(11.01.2024)
Delhi High Court has held that if the Directorate of Education (DoE) is satisfied that the child is entitled to preferential admission under the Econo.....
Tags : Delhi High Court, Admission, Directorate of Education, EWS
All. HC: Prosectution Witness Already Cross-Examined Can’t be Compelled to Re-Appear(12.01.2024)
Allahabad High Court has held that a prosecution witnesses who have already put in appearance at the time of prosecution evidence and have been cross-.....
Tags : Allahabad High Court, Witnesses, Cross-Examined, Magistrate
All HC: Visa and Citizenship Claim to be Decided on Merits & not on Negative Report of DM(22.01.2024)
Allahabad High Court has held that claim for visa and citizenship cannot be decided by a negative report of the District Magistrate (DM). It has to be.....
Tags : Allahabad High Court, Competent Authority, Negative Report, District Magistrate
Delhi HC Slams Delhi Govt., Directorate of Education and NDMC(19.04.2016)
Delhi HC has slammed Directorate of Education, Delhi Government and North Delhi Municipal Corporation (NDMC), after a plea was filed alleging that lak.....
Tags : Delhi HC , Delhi Govt., Directorate of Education, NDMC
SC: Transferee of Rights in Suit Can Apply for Execution Without Separate Assignment of Decree(22.10.2021)
Supreme Court observed that the Explanation to Order XXI Rule 16 of the Code of Civil Procedure, 1908 removed the distinction between an assignment pr.....
Tags : Supreme Court, Execution Without Separate Assignment of Decree
Bombay HC: DV Act Cases Can be Transferred to Family Court(02.01.2024)
Bombay High Court has held that Section 12 application under the Domestic Violence Act, 2005 before a magistrate can be transferred to a Family Court .....
Tags : Bombay High Court, Domestic Violence, Magistrate, Family Court
Delhi High Court Upholds Chief Minister Arvind Kejriwal’s Arrest in Liquor Policy Scam Case(09.04.2024)
Delhi High Court has dismissed Chief Minister Arvind Kejriwal’s plea challenging his arrest by the Enforcement Directorate and upheld his arrest by ho.....
Tags : Delhi High Court, Chief Minister, Liquor Policy Scam, Enforcement Directorate
Ker. HC: Improper to Compel Election Candidate to Answer ED Summons Just Before LS Elections(10.04.2024)
Kerala High Court has held that it is not proper to disturb a candidate contesting elections and compel him to answer summons served by the Enforcemen.....
Tags : Kerala High Court, Enforcement Directorate, Lok Sabha Elections
Raj. HC: Coercive Action Stayed Against Magistrate Who Allegedly Asked Rape Victim to Strip(10.04.2024)
Rajasthan High Court has stayed coercive action against a Judicial Magistrate who has been accused of asking a rape victim to strip and show her injur.....
Tags : Rajasthan High Court, Judicial Magistrate, Rape Victim, Coercive Actions
Bombay HC: Court Setting Aside Magistrate's Order for Police Investi. Won’t Lead to Quashing of FIR(15.04.2024)
Bombay High Court has held that if a revision court sets aside a Magistrate’s order to conduct a police investigation in a cognizable offence under Se.....
Tags : Bombay High Court, Section 156(3) of CrPC, First Information Report, Magistrate's Order
Bom HC: Person Cannot be Deprived of Right to Sleep by Recording Statements at Unearthly Hours(16.04.2024)
Bom. HC while observing that recording of statement, at unearthly hours, results in deprivation of a person’s sleep, a basic human right of an individ.....
Tags : Bombay High Court, Enforcement Directorate, Unearthly Hours, Recording of Statements
Delhi High Court Declines Relief to Chief Minister Arvind Kejriwal in Liquor Policy Scam Case(28.03.2024)
Delhi High Court while issuing notice to the Enforcement Directorate on plea by Delhi Chief Minister Arvind Kejriwal in Liquor Policy Scam case, has r.....
Tags : Delhi High Court, Liquor Policy Scam, Enforcement Directorate, Chief Minister
Notifications & Circulars
Revised - Computation, Dissemination of RBI Reference Rate(21.04.2016)
The Reserve Bank of India notified revisions to the methodology adopted for computing the daily Reference Rate for spot US Dollar against Indian Rupee.....
Tags : reference rate, usd, weighted average, libor
Committee on monetary policy sees glass half empty(28.04.2016)
The minutes of the 40th meeting of the Technical Advisory Committee on monetary policy painted a fiscal picture somewhere between bleak and tepid. Its.....
Tags : monetary policy, repo rate, fiscal deficit, global trade
RBI publishes Working Group Report on Corporate Bond Market in India Reserve Bank of India today placed on its website the report of the Working Group(18.08.2016)
The Reserve Bank of India placed on its website thereport of the Working Group on Development of Corporate Bond Market in India. The Group has made re.....
Tags : Corporate Bond Market, Development, Report
Rate of exchange of one unit of foreign currency equivalent to Indian rupees(18.08.2016)
In exercise of powers conferred by Section 14 of Customs Act, 1962 (52 of 1962), and in supersession of notification of the Central Board of Excise an.....
Tags : Foreign currencies, Conversion, Rate of exchange, Determination
Introduction of Interest Rate Options in India(29.12.2016)
As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. The Reserve .....
Tags : Options, Interest rate, Introduction
RBI Working Paper Series No. 10: Modelling Corporate Sector Distress in India(26.12.2016)
The Reserve Bank of India today placed on its website a Working Paper titled "Modelling Corporate Sector Distress in India" by Manjusha Senapati and S.....
Tags : Corporate Sector, Distress, Working paper
Rates for Rebate of State Levies on Made-UPS(15.03.2017)
In pursuance of the decision of the Government of India to initiate measures for reforms to boost employment generation in the employment intensive te.....
Tags : Levies, Rate, Rebate
Additional Provisions For Standard Advances At Higher Than The Prescribed Rates(18.04.2017)
Please refer to paragraph 5 of the Master Circular - Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advan.....
Tags : Additional provisions, Rates, High
Report on measures for improved monitoring of CSR released(01.01.1900)
A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....
Tags : Company, corporate social responsibility, report, high level
Report on measures for improved monitoring of CSR released(19.10.2015)
A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....
Tags : Company, corporate social responsibility, report, high level
Cabinet approves procedure and mechanism for Strategic Disinvestment(16.08.2017)
The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal of Department of Investment and.....
Tags : Approval, Procedure, Strategic Disinvestment
Policy on interest rate on loans for agricultural purposes(01.08.2017)
Reserve Bank of India (RBI) has deregulated the interest rate on advances sanctioned by Scheduled Commercial Banks and these interest rates are determ.....
Tags : Policy, Interest rate, Loans, Agricultural purposes
Branding Strategy for Export Oriented Indian Products(31.07.2017)
India's Foreign Trade Policy Statement released in 2015 emphasises the need of a branding strategy. The India Brand Equity Foundation (IBEF) establish.....
Tags : Strategy, Branding, Export Products
Statement on Developmental and Regulatory Policies(06.12.2017)
Rationalisation of Merchant Discount Rate
1. In recent times, debit card transactions at 'Point of Sales' have shown significant growth. With.....
Tags : Statement, Regulatory Policies, Discount Rate
Government takes note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged(04.10.2017)
The Government has taken note of the decision of the RBI Monetary Policy Committee to keep the policy rate and policy stance unchanged.
Foll.....
Tags : Committee, Decision, Unchanged , Rate, Monetary policy
Government of India decides to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with effect from 4th October, 2017(03.10.2017)
The Government of India has decided to reduce the Basic Excise Duty rate on Petrol and Diesel [both branded and unbranded] by Rs. 2 per litre with eff.....
Tags : Excise Duty rate, Petrol and Diesel, Reduction
Trade Repository for OTC Foreign Exchange and Interest Rate Derivatives(21.09.2017)
1. Attention of Authorised Dealer Category - I (AD Category-I) banks is invited to circular no.FMD.MSRG.No.75/02.05.002/2012-13 dated March 13, 2013 o.....
Tags : Trade Repository, Foreign Exchange, Interest Rate
Notification regarding GST rate for branded cereal, pulses and flour(20.09.2017)
The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and .....
Tags : GST rate, Recommendation, Branded cereal
Settlement of Export/ Import transactions in currencies without direct exchange rate(04.02.2016)
The Reserve Bank of India has permitted AD Category-I banks to settle import and export transactions where invoicing is in a freely convertible curren.....
Tags : Export, import, transaction, direct exchange rate
RBI seeks Comments on Working Group Report on introducing Interest Rate Options(08.02.2016)
The Reserve Bank of India released its Re.....Tags : Rbi, interest rate options, report
Interest rates for Small Savings Schemes(11.01.2018)
1. Please refer to our circular DGBA.GBD.954/15.02.005/2017-18 dated October 12, 2017 on the above subject. The Government of India, had vide their Of.....
Tags : Interest, Rates, Schemes
RBI clarifies its Directions on MCLR System(29.03.2016)
The Reserve Bank of India clarified its 2016 Directions relating to the Marginal Cost of Funds based on Lending Rate system, effective 1 April 2016. T.....
Tags : mclr, marginal cost, fixed rate
Separate limit of Interest Rate Futures (IRFs) for Foreign Portfolio Investors (FPIs)(08.03.2018)
1. Reserve Bank of India, in its Statement on Developmental and Regulatory Policies, released on August 02, 2017, proposed to allocate a separate limi.....
Tags : Interest Rate, FPIs, Separate limit
Commerce Minister Releases Strategy Paper on Computer Software and Electronics Exports(24.05.2018)
The Union Minister for Commerce & Industry Suresh Prabhu releasing the strategy paper & business plan of India's Computer Software & ITeS and Electron.....
Tags : Strategy Paper, Release, Electronics Exports
Creation of Directorate General of Trade Remedies (DGTR) in Department of Commerce(09.05.2018)
The Government of India carried out an Amendment to the Government of India (Allocation of Business) Rules, 1961 on May 7, 2018 substituting "Director.....
Tags : Creation, Directorate, Trade Remedies
Steps to increase female labour participation rate(12.12.2018)
The decline in female work force participation rate may be attributed to factors like increased educational attendance and higher level of participati.....
Tags : Work force, Participation rate, Female
RBI to issue Rs. 5 Coins to commemorate "Golden Jubilee of Indo-Pak War 1965"(03.09.2015)
The Reserve Bank of India will put into circulation Rs. 5 coins to commemorate the Golden Jubilee of Indo-Pak war 1965. Existing coins in the denomina.....
Tags : Bank, coin, war, commemorate, denomination
GST rate for specified items for Physically Challenged Persons(04.07.2017)
Some questions are raised about GST rates fixed for specific devices for physically challenged persons. This matter is explained here in below.
Tags : GST rate, Specified items, Physically Challenged Persons
Government Reduces the Rate of ESI Contribution from 6.5% to 4%(13.06.2019)
The Government of India has taken a historic decision to reduce the rate of contribution under the ESI Act from 6.5% to 4%(employers' contribution bei.....
Tags : Rates, Reduction, ESI Contribution
RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances(17.12.2015)
The Reserve Bank of India has released final g.....Tags : Interest rates, marginal cost, rbi
RBI releases the Report of the Task Force on the Development of Secondary Market for Corporate Loans for comments(03.09.2019)
The Reserve Bank of India had constituted a Task Force on Development of Secondary Market for Corporate Loans under the Chairmanship of Shri T. N. Man.....
Tags : Report, Release, Corporate Loans
Strategy for Export of Defence Products under 'Make In India' Programme(03.02.2020)
Various strategies have been firmed up and reforms introduced to enhance Defence exports. These measures are listed below:
Special Chemicals.....
Tags : Export, Defence Products, Strategy
Transaction in Corporate Bonds/Commercial Papers through RFQ platform and enhancing transparency pertaining to debt schemes(22.07.2020)
1. In order to enhance the transparency and disclosure pertaining to debt schemes and investments by mutual funds in Corporate Bonds/Commercial Papers.....
Tags : Transaction, Corporate Bonds, Transparency
Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID-19 pandemic(19.05.2020)
Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to have subscription at old.....
Tags : EPF subscription, Rates, Liquidity
CSR expenditure during 2014-2015(03.05.2016)
The Minister of Corporate Affairs released figures on expenditure towards Corporate Social Responsibility activities between 2014 and 2015. A grand to.....
Tags : Corporate social responsibility, expenditure, public good
CCIL now approved counterparty for electronic IRS transactions(05.05.2016)
The Reserve Bank of India notified the Clearing Corporation of India Ltd. as an approved counterparty for interest rate swap transactions undertaken o.....
Tags : Interest rate swap, ccil, approved counterparty
Transaction in Corporate Bonds through Request for Quote platform by Portfolio Management Services(09.12.2021)
1. In order to enhance transparency pertaining to debt investments by Portfolio Management Services (PMS) in Corporate Bonds (CBs) and to increase liq.....
Tags : Transaction, Corporate Bonds, Management Services
Banking Regulation Act, 1949 - Section 26A Depositor Education and Awareness Fund Scheme, 2014 - Operational Guidelines - Payment of Interest(07.06.2018)
Please refer to the circular DBOD.No.DEA Fund Cell.BC.126/30.01.002/2013-14 dated June 26, 2014 on the captioned subject, wherein Reserve Bank had spe.....
Tags : Interest Rate, Payment, Operational Guidelines
Procedures for application for tariff rate quota for FY 2022-2023(27.01.2022)
1. Reference is invited to para 2.107 of the HBP, wherein the details of allocation of Tariff Rate Quota (TRQ) under various FTA/CECA are notified. Th.....
Tags : Procedures, Application, Tariff rate quota
Partial Credit Enhancement to Corporate Bonds(18.05.2017)
1. Please refer to paragraph 21 (a) of the Guidelines on Partial Credit Enhancement to Corporate Bonds by Banks annexed to the circular DBR.BP.BC.No.4.....
Tags : Enhancement, Credit, Corporate Bonds
Separate Department of Disability Affairs to be set up by States(18.05.2017)
Shri Thaawar Chand Gehlot, Minister for Social Justice & Empowerment while addressing the "15th National Review Meeting of State Commissioners for Per.....
Tags : States, Department, Separate, Disability affairs
Introduction of future contracts on Corporate Bond Indices(10.01.2023)
1. In order to enhance liquidity in the bond market and also to provide opportunity to the investors to hedge their positions, SEBI had constituted a .....
Tags : Introduction, future contracts, Corporate Bond
Format for compliance report on Corporate Governance to be submitted to stock exchanges(24.09.2015)
In addition to the submission of the quarterly compliance report on corporate governance every quarter by listed entities, the Securities Exchange Boa.....
Tags : Corporate governance, format, report, quarterly
Repo rate cut by 50 basis points to 6.75 per cent(29.09.2015)
The Reserve Bank of India lowered the rate at which it lends money to banks by 50 basis points, from 7.25 per cent to 6.75 per cent. However, no chang.....
Tags : Rbi, repo, rate, cut
RBI announces rate of interest on Floating Rate Bonds, 2020(20.06.2019)
The rate of interest on the Floating Rate Bonds, 2020 (FRB 2020) applicable for the half year June 21, 2019 to December 20, 2019 shall be 6.13% per an.....
Tags : Interest rates, Rate Bonds, Announcement
Transaction in Corporate Bonds through Request for Quote (RFQ) platform by Alternative Investment Funds (AIFs)(01.02.2023)
1. To increase the liquidity on RFQ platform of stock exchanges and to enhance the transparency and disclosure pertaining to trading in secondary mark.....
Tags : Transaction, Corporate Bonds, RFQ
Clarification regarding GST rate on imitation zari thread or yarn based on the recommendation of the GST Council in its 52nd meeting held on 7th October, 2023(31.10.2023)
1. The GST Council in its 50th meeting had recommended reduction of GST rate to 5% on imitation zari thread or yarn known by any name in trade parlanc.....
Tags : Clarification, GST rate, Zari thread
Frequently asked questions on Corporate Social Responsibility(25.08.2021)
1. The broad framework of CSR has been provided in Section 135 of the Companies Act, 2013 (herein after referred as 'the Act'), Schedule VII of the Ac.....
Tags : Corporate Social Responsibility, FAQs
Ease of doing business and development of corporate bond markets - revision in the framework for fund raising by issuance of debt securities by large corporates (LCs)(19.10.2023)
1. Regulation 50B of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (NCS Regulations) read with Chapter XII of the NCS Maste.....
Tags : Development, Corporate bond markets, Revision
Subscription to Floating Rate Savings Bonds, 2020 (Taxable) through RBI Retail Direct Portal(23.10.2023)
RBI-Retail Direct Scheme was launched by the Hon'ble Prime Minister on November 12, 2021. Under the Scheme, individual investors are permitted to open.....
Tags : Subscription, Floating Rate, Savings Bonds
Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, 2016(01.03.2016)
The Central Board of Excise and Customs notified the Customs (Import of Goods at Concessional Rate of Duty for Manufacture of Excisable Goods) Rules, .....
Tags : import, concessional rate, manufacture, excisable goods
Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other Goods) Rules, 2016(01.03.2016)
The Central Board of Excise and Customs notified Central Excise (Removal of Goods at Concessional Rate of Duty for Manufacture of Excisable and Other .....
Tags : concessional rate, manufacture, excise
Lending and Deposit Rates of Scheduled Commercial Banks - November 2023(30.11.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, Commercial Banks
Amendments to the All Industry Rates of Duty Drawback effective from 15.07.2020(15.07.2020)
1. Government has made certain amendments in the All Industry Rates (AIRs) of Duty Drawback vide Notification No. 56/2020-Customs (N.T.) dated 13.07.2.....
Tags : Amendments, Industry Rates, Duty Drawback
Liquidity Adjustment Facility - Change in rates(08.06.2022)
1. As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Re.....
Tags : LAF, Change, Rates
RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.06.2022)
The rate of interest on Government of India Floating Rate Bond, 2031 (FRB 2031) applicable for the half year June 7, 2022 to December 6, 2022 shall be.....
Tags : Interest rate, Announcement, Floating Rate Bond
Liquidity Adjustment Facility- Change in rates(04.05.2022)
1. As announced in the Monetary Policy Statement, 2022-23, today, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Re.....
Tags : Liquidity Adjustment Facility, Change, Rates
Marginal Standing Facility(04.10.2016)
As announced in the Fourth Bi-monthly Monetary Policy Statement today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo r.....
Tags : Repo rate, Reduction, Marginal Standing Facility, Adjustment
Liquidity Adjustment Facility - Repo and Reverse Repo Rates(04.10.2016)
As announced in the Fourth Bi-monthly Monetary Policy Statement today, it has been decided by the Monetary Policy Committee (MPC) to reduce the Repo r.....
Tags : Repo rate, Reduction, Liquidity Adjustment Facility
Designating all CJM Courts of Chhattisgarh as Special Courts for the purposes of Sec. 280A of IT Act, 1961 & Sec. 84 of Black Money Act, 2015(22.08.2022)
In exercise of the powers conferred by sub-section (1) of section 280A of the Income-tax Act, 1961 (43 of 1961) read with section 84 of the Black Mone.....
Tags : Magistrate Courts, Special Courts, Designation
Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(06.01.2021)
It is hereby notified that, the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announ.....
Tags : Interest rate, Deposits, Scheme
Interest rates for Small Savings Schemes(09.02.2017)
Please refer to circular DGBA.GAD.881/15.02.005/2016-17 dated October 13, 2016 on the above subject. The Government of India, had vide their Office Me.....
Tags : Saving schemes, Interest rates
RBI announces rate of interest on Government of India Floating Rate Bond 2033(21.09.2022)
The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year September 22, 2022 to March 21, 2023 s.....
Tags : Rate, Interest, Floating Rate Bond 2033
Determination of rate of exchange of conversion of each of the foreign currencies specified into Indian currency or vice versa with effect from 16th December, 2016(15.12.2016)
In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board .....
Tags : Conversion, Exchange rate, foreign currencies
I and B Ministry hikes advertisement rates for print media by 25%(08.01.2019)
Ministry of Information & Broadcasting has taken a decision to revise the advertisement rates for print media by announcing a hike of 25% over and abo.....
Tags : Advertisement rates, Print media, Hike
Lending and Deposit Rates of Scheduled Commercial Banks - January 2023(31.01.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Janua.....
Tags : Lending, Deposit Rates, Commercial Banks
Decisions taken by the GST Council in the 34 the meeting held on 19th March, 2019 regarding GST rate on real estate sector(19.03.2019)
GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made.....
Tags : GST Council, Meeting, GST rate, Real estate sector
RBI Working Paper Series No. 4: Is Exchange Rate the Dominant Factor Influencing Corporate Profitability in India?(17.08.2015)
The Reserve Bank of India introduced a working paper titled 'Is Exchange Rate the dominant factor influencing Corporate Profitability in India?'. The .....
Tags : Rbi, working paper, exchange rate
RBI announces rate of interest on Government of India Floating Rate Bond 2031(06.12.2022)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 7, 2022 to June 6, 2023 shall be .....
Tags : Interest rate, Announcement, Floating Rate Bond
Liquidity Adjustment Facility - Repo and Reverse Repo Rates(06.04.2017)
As announced in the First Bi-monthly Monetary Policy Statement, 2017-18 Resolution of the Monetary Policy Committee (MPC), it has been decided to keep.....
Tags : Repo-rate, Decision, Unchanged
Interest rate of deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds(03.04.2019)
It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announc.....
Tags : Deposits, Interest rate, Scheme
Change in Bank Rates(08.02.2023)
1. Please refer to circular DOR.RET.REC.88/12.01.001/2022-23 dated December 07, 2022 on the captioned subject.
2. As announced in the Moneta.....
Tags : Change, Bank Rate, Monetary Policy
Workshop on GST to Sensitize Maritime Fraternity(19.06.2017)
The Ministry of Shipping conducted a workshop on "GST for Shipping" in New Delhi today to sensitize all constituents of the maritime fraternity. The w.....
Tags : GST, Workshop, Maritime Fraternity
RBI announces rate of interest on Government of India Floating Rate Bond 2033(21.03.2023)
The rate of interest on Government of India Floating Rate Bond 2033 (GOI FRB 2033) applicable for the half year March 22, 2023 to September 21, 2023 s.....
Tags : Rate, Interest, Applicability
Proposed GST Tax rates would be lesser than the prevailing taxes in case of Sugar, Tea and Coffee (other than instant coffee) and Milk Powder(25.05.2017)
1. Sugar: Sugar attracts specific central excise duty of Rs.71 per quintal plus Sugar Cess of Rs.124 per quintal, which translates to ad valorem rate .....
Tags : GST, Rates, Products
RBI announces rate of interest on Government of India Floating Rate Bond, 2024(04.05.2023)
The rate of interest on Government of India Floating Rate Bond 2024 (FRB 2024) applicable for the half year May 07, 2023 to November 06, 2023 shall be.....
Tags : Rate, Interest, Floating Rate Bond
Review of the capacity planning framework of stock exchanges and clearing corporations(08.10.2015)
Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need f.....
Tags : Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need for stock exchanges and clearing corporations to maintain sufficient capacity to be able to handle the increased demand. Some of new directions with regards to capacity are: installed capacity being at least one and a half times of projected peak load; and all software and hardware needs to be adequately sized to meet the requirements.
Investment by Foreign Portfolio Investors in Corporate Bonds(26.11.2015)
The Reserve Bank of India has permitted Foreign Portfolio Investors to acquire NCDs/bonds which are under partial or full default of repayment of prin.....
Tags : Foreign portfolio investors, corporate bonds, default
Central Government approves Guarantee Scheme for Corporate Debt (GSCD)(26.07.2023)
The Central Government has approved the 'Guarantee Scheme for Corporate Debt' (GSCD) for the purpose of providing guarantee cover against debt raised/.....
Tags : Guarantee Scheme, Corporate Debt, Approval
Amendment in import policy of Integrated Circuits (ICs) and incorporation of policy condition for different HS Codes of Chapter 85 of ITC (HS), 2017, Schedule-I (Import Policy)(09.08.2021)
In exercise of powers conferred by Section 3 read with Section 5 & Section 9 of FT (D&R) Act, 1992, read with paragraph 1.02 and 2.01 of the Foreign T.....
Tags : Amendment, Import policy, Integrated Circuits
Lending and Deposit Rates of Scheduled Commercial Banks - September 2023(28.09.2023)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) for the month of Septe.....
Tags : Scheduled Commercial Banks, Lending Rates, Deposit Rates
TRAI rules out inflation linked rate hike for TV services(09.05.2016)
The Telecom Regulatory Authority of India declined an inflation linked hike for television tariffs. The Authority noted that healthy growth in the ind.....
Tags : Trai, television broadcast, rate, increase, inflation
Dollar linked coastal tariff put in abeyance(16.05.2016)
The Ministry of Shipping has put on hold instructions requiring coastal vessels take into account exchange rate fluctuations between the rupee and the.....
Tags : Shipping, coastal rates, dollar linked
Use of any alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions(28.09.2021)
1. Attention of Authorised Dealer Category- I banks (AD banks) is invited to extant Regulation 15 of Foreign Exchange Management (Export of Goods & Se.....
Tags : Alternative reference rate, LIBOR, Interest
RBI announces rate of interest on Government of India Floating Rate Bond 2028(03.10.2023)
The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year October 04, 2023 to April 03, 2024 sha.....
Tags : Interest, Rate, Announcement
RBI announces rate of interest on Government of India Floating Rate Bond, 2031(06.12.2023)
The rate of interest on Government of India Floating Rate Bond 2031 (FRB 2031) applicable for the half year December 07, 2023 to June 06, 2024 shall b.....
Tags : Interest, Rate, Bond 2031
Lending and Deposit Rates of Scheduled Commercial Banks - January 2024(31.01.2024)
Highlights:
Lending Rates:
• The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 9.32 per cent in Decembe.....
Tags : Lending rates, Deposit Rates, Highlights
RBI’s first monetary policy statement in 2016(05.04.2016)
The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....
Tags : Rbi, interest rates, liquidity
Implementing Integrated Declaration under the Indian Customs Single Window(15.03.2016)
The Central Board of Excise and Customs notified the process for importers and exporters electronically lodging customs clearance documents before the.....
Tags : Customs, single window, integrated declaration
Rate of Interest on Floating Rate Savings Bond, 2020 (Taxable) - FRSB 2020 (T) for the Period January 01, 2024 - June 30, 2024(01.01.2024)
1. In terms of Para 13 (ii) of Government of India Notification F.No.4(10)- B(W&M)/2020 dated June 26, 2020 on Floating Rate Savings Bonds, 2020 (Taxa.....
Tags : Rate, Interest, Savings Bond
Commerce Minister releases National Strategy for Standardization(19.06.2018)
India's quest for providing best quality begins with identifying standards, stated Suresh Prabhu, Minister of Commerce and Industry. He was speaking a.....
Tags : Strategy, Standardization
Lending and Deposit Rates of Scheduled Commercial Banks-March 2024(28.03.2024)
Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the mo.....
Tags : Lending rates, Deposit Rates, SCBs