Articles - Corporate Law Reporter

Unfair Terms in Commercial Contracts

Contracts have become a natural occurrence in today’s society. The existence of unfair terms is not a new concept within a contract. They can be of vital importance in commercial disputes, with them often rendering the contract unusuable. Contracts fall into two categories, which are B2B (business to business) and B2C (business to consumer) contracts.… Read More

ICSI cannot refused to provide the copies of Answer Sheet under RTI Act, 2005 to its students – Delhi HC

ICSI CAN NOT REFUSED TO PROVIDE THE COPIES OF ANSWER SHEET UNDER RTI ACT, 2005 TO ITS STUDENTS - DELHI HC Students of ICSI can move a RTI to obtain certified copies of their answer sheets. Landmark Judgement: Paras Jain V. Institute of Company Secretaries of India (LPA 275/2014, order dated 22/04/2014) As we all… Read More

Deferment of Payment on Transfer of Security: RBI fans India’s love affair with FDI

Reserve Bank of India recently made an amendment to the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India) Regulations, 2000 dated May 20, 2016 by way of insertion of new Regulation 10A (“Regulation”). The new Regulation provides that when a transfer of shares/security between a resident buyer and a… Read More

ONE OF THE CONDITIONS FOR AVAILING CENVAT CREDIT ON OUTWARD TRANSPORTATION FROM THE PLACE OF REMOVAL IS THAT SELLER HAS TO BEAR THE RISK OF LOSS OR DAMAGE TO THE GOODS DURING TRANSIT: CESTAT, Kolkata Bench

A. Brief facts of the case: The issue involved in the present case is whether appellant will be eligible to CENVAT Credit on transportation services from the factory to the point of delivery of the customers. The brief fact of this case is that the Respondent (M/s. Bijoy Concrete Works) has taken CENVAT Credit on… Read More

“Corporate Social Responsibility (CSR) ”

“Corporate Social Responsibility (CSR) ” Introduction:- As the world is progressing, scams have taken over the economy and India is also not an exception. Where Enron scam gave birth to Sarbens-Oxely Act, Satyam scan raised a few eyebrows about corporate responsibility towards the society. Now we will learn about what corporate social responsibility (CSR) is… Read More

CBEC notified that Duty Free Shops (DFSs) at airports shall display prices of goods in Indian currency as well as the exchange rate

CBEC vide Circular dated July 06, 2016 notified that Duty Free Shops (DFSs) at airports shall display prices of goods in Indian currency as well as the exchange rate. CBEC had received representations from travellers that DFSs neither display prices in rupees or India made goods, which depreciates the visibility of domestically manufactured products and… Read More

SEBI made a public announcement mandating the use of Electronic book mechanism for issuance of debt securities

SEBI has made a public announcement mandating the use of Electronic book mechanism for issuance of debt securities on private placement basis. SEBI had issued a circular dated April 21, 2016 wherein the use of an Electronic Book Mechanism (EBM) had been made mandatory from July 01, 2016 for issuance of debt securities on private… Read More

Miheer H Mafatlal Vs Mafatlal Industries Limited – Case study

Citation: AIR 1997 SC 506, (1997) 1 SCC 579 Bench: Supreme Court of India : S.B.Majumdar J Introduction: A Scheme of Amalgamation of M/s. Mafatlal Industries Limited [MIL] being the Transferee Company and Mafatlal Fine Spinning and Manufacturing Company Limited [MFL] being the Transferor Company was proposed The Learned Single Judge of Gujarat High Court had sanctioned the said scheme… Read More

Service Tax on Municipalities

In the Service Tax Mega Exemption Notification municipality is exempted from service tax with regard to • 25. Services provided to Government, a local authority or a governmental authority by way of – (a) carrying out any activity in relation to any function ordinarily entrusted to a municipality in relation to water supply, public health,… Read More

Companies (Appointment and Remuneration of Managerial personnel) Amendment Rules 2016

G.S.R. .-ln exercise of the powers confened by sub-sections (1) and (2) of section 469 of the companies Act,2013 (18 of 2013), the central Government hereby makes the following rules further to amend the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, namely:- . (l) These rules may be called the Companies (Appointment and… Read More

15 things you should know about Model GST Law

Today, the draft of the "Model GST Law” has been released by the Government after getting an in-principle approval from the Empowered Committee of the State Finance Ministers. It is one of the much awaited biggest tax reforms in India. The Finance Minister Mr. Arun Jaitely has informed that if the Constitutional (122nd) Amendment Bill gets passed in the Rajya… Read More

Tax grievances: Income Tax department to Ensure ‘E-nivaran’

The income tax department has launched a special electronic grievance redressal system called ‘e-nivaran’ in order to fast track taxpayer grievances and ensure early resolution of their complaints. A separate and dedicated window for grievance redressal has been launched recently in the has been launched recently has been launched recently in the income tax business… Read More

Cyber defamation India | Cyber Denigration India

The life of a common man has changed wonderfully with the invention of the internet. It has provided a medium for people worldwide to interact with, that brought the world closer to every man who has access to it. It has also given new dimensions to business and trade. Anything and everything is possible via… Read More