Others - Corporate Law Reporter

Indo- Swiss Bilateral Meet Held at Geneva

With the aim of giving further impetus to cooperation in the field of healthcare, Union Minister of Health & Family Welfare, Shri Ghulam Nabi Azad and Minister of Health Switzerland, Mr Alain Berset held a bilateral meeting on the sidelines of World Health Assembly at Geneva yesterday. Speaking on the occasion, Shri Azad said that… Read More

Government urges tax Payers to Disclose True income and pay Appropriate taxes within Current Financial Year

A Compliance Management Cell has been set-up to Ensure Follow-up Action and Track Return Filing and Tax Payment of the Target Segment; 70,000 Letters are being sent in 2 Batches to High Priority Cases in this Month. The Union Finance Minister Shri P. Chidambaram has repeatedly emphasized that there is need for a nonintrusive tax… Read More

Rationalisation of With-Holding Tax

Rationalisation of With-Holding Tax (WHT) to Encourage Greater Subscription in Indian Debt Securities by Foreign Investors, Encourage Development of the Indian Debt Market and Accelerate the Pace of Growth of the Indian Economy. To enhance resource availability for infrastructure development in the economy, the rate of With-holding tax (WHT) on interest payments on the borrowings… Read More

CLR Snippets | New CAG Appointed

The President of India has appointed Shri Shashi Kant Sharma, IAS, as the Comptroller & Auditor General of India, in terms of Article 148 (1) of the Constitution of India. Shri Sharma is presently holding the post of Defence Secretary in the Ministry of Defence, Government of India. He will be taking over the charge… Read More

CLR Snippets | Chief Justice for the High Court of Andhra Pradesh Appointed

In exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President has appointed Shri Justice Kalyan Jyoti Sengupta, Judge of the High Court of Uttarakhand, as the Chief Justice of the High Court of Andhra Pradesh with effect from the date he assumes charge of his office.… Read More

CLR Snippets | Appointment of Judges in the High Court of Madhya Pradesh

In exercise of the powers conferred by clause (1) of article 217 of the Constitution of India, the President has appointed Shri Justice Keshav Kumar Trivedi and Shri Justice Sheel Nagu, Additional Judges of the High Court of Madhya Pradesh, as Judges of that High Court with effect from the date they assume charge of… Read More

CLR Snippets | Additional Judges Appointed to the Gauhati High Court

In exercise of the powers conferred by Clause (1) of Article 224 of the Constitution of India, the President has appointed (i) Shri Nishitendu Chaudhury, (ii) Shri Lanusungkum Jamir and (iii) Shri Manash Ranjan Pathak as Additional Judges of the Gauhati High Court, in that order of seniority, for a period of two years with… Read More

Civil Aviation Minister Takes Action Against Erring Officers

The Minister for Civil Aviation, Shri Ajit Singh has taken a decision to award minor penalty of censure to four officers of DGCA namely Shri James George, Assistant Director (Airworthiness), Shri V.P. Massey, Director (Airworthiness), Shri R.K. Yadav, Assistant Director (Airworthiness) and Shri Rajiv Gaur, Assistant Director (AE) for non-intimation of employment of their dependents… Read More

India and United Kingdom Sign MOU on cooperation in Health sector

Union Minister of Health & Family Welfare India, ShriGhulamNabi Azad and Secretary of State for Health, UK, Mr. Jeremy Richard Hunt signed an MOU on cooperation in the field of health sector last evening at Geneva between the Government of India and the Government of the United Kingdom of Great Britain and Northern Ireland. Describing… Read More

Revision of Guidelines For JNNSM

The guidelines for selection of solar power projects under the JNNSM issued in July, 2010 incorporated the following main provisions for allotment of the projects to companies: Eligible project capacity: 5 MW for Solar PV and 5 MW to 100 MW for Solar thermal projects. No. of applications by one company (including its parent, affiliate… Read More

Arbitration Proceedings A Case Study

Arbitration Proceedings A Case Study Before HON™BLE SOLE ARBITRAL TRIBUNAL PAPER MERCHANTS ASSOCAITION (REGD.) GALI BATASHAN, CHAWRI BAZAR, DELHI-110 006 Preliminary Objections The Respondent had raised following Preliminary Objections. 1. The said application dated 29.10.2012 seeks exclusion of time in computing the period of limitation u/s 14 of the Limitation Act, 1963. This application is… Read More

Commissions to related parties for services rendered is allowable as an expenditure

CLR Editorial Note: (Extract from the Case file) Question No.(i) pertains to addition of Rs.33.33 lakhs (rounded off) made by the Assessing Officer towards the commission paid to related parties. The Assessing Officer made such addition despite the assessee pointing out that the parties to whom such commissions were paid were associated with the associated company since its inception. The… Read More

45th Session of the Indian Labour Conference Concludes with A Resolve

45th Session of the Indian Labour Conference Concludes with A Resolve to Provide Universal Social Security Coverage and Assured Pension to the Entire Working Population The 45th Session of the Indian Labour Conference (ILC) today concluded with a resolve to provide universal social security coverage and assured pension to the entire working population. During the… Read More