Employee can claim past dues even after Availing VRS If Scheme Does Not Cover It: Supreme Court

A three-judge Bench of the Supreme Court in A. Satyanarayana Reddy & ors. vs. Presiding Officer, Labour Court, Guntur & ors., has held that even though there is cessation of relationship between the employee and the employer, if the Voluntary Retirement Scheme does not cover past dues like lay-off compensation, subsistence allowance, etc., the workman […]

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Prohibition for Consumption of Liquor is voilation of Findamental Right: Patna HC Scraps Bihar’s Liquor Prohibition Law

The Patna High Court on Friday struck down Bihar’s anti-liquor law, holding its provisions to be “clearly draconian and in excess of the balance need to be maintained”. Scrapping the state government’s notification issued on April 5, the Bench comprising Chief Justice Iqbal Ahmed Ansari and Justice Navaniti Prasad Singh observed that the same was […]

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GST and Global Trade:

The GST council, which will oversee the GST regime, is currently in deliberations over its own procedures and over the appropriate tax rate to prevent revenue shortfalls. It is already clear, however, that GST, once implemented, will, for the first time in India’s history, unify the nation into a common economic market, obviating the need […]

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Summary of Bankruptcy and Insolvency Act, 2016

The Bankruptcy and Insolvency Code, 2016 proposes to consolidate a comprehensive insolvency legislation and would encircle all companies, partnerships and individuals. The code was passed by both the houses and it received President’s assent on 28th May, 2016.   As on today, the bankruptcy in India is governed by various Acts: SARFAESI Act, Sick Industrial […]

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Summary of EXEMPTIONS TO A PRIVATE LIMITED COMPANY under CA 2013

EXEMPTIONS TO A PRIVATE LIMITED COMPANY S.No. Exemption and Interpretation Section Date of Applicability 1.   DEFINITION OF RELATED PARTY RELAXED WITH RESPECT TO SECTION 188: Related Party does not include Holding, Subsidiary, Associate Company and sister concern(subsidiary of holding). Transactions entered with them and falling under section 188 does not require compliance of section […]

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Synopsis of FCRA Amendments January 2016

Synopsis of FCRA Amendments 2016 [Personal & Private Circulation bearing no opinion or advice] Recently there have been some changes in the Foreign Contribution Regulation Act 2010 (“FCRA”) and Foreign Contribution Regulation Rules (“FCRR”). The changes are as below: Consolidated Form for Registration, Prior Permission and Renewal of Registration: Earlier, Form FC-3 was used only […]

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Synopsis Companies Mediation and Conciliation Rules, 2016:

Companies Mediation and Conciliation Rules, 2016: (Notified on 09th September 2016)   Regional Director (RD) shall prepare a panel of experts, in the month of February every year, who are eligible to be appointed as mediator or conciliator in the respective region and such panel shall be displayed on MCA website. For FY 2016-17, he […]

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Allahabad HC Convicts 7 Advocates for Assaulting Judge

The Allahabad High Court in Re vs. Pradhuman Kumar Srivastava and 9 Ors on Thursday convicted seven Advocates on charges of Contempt of Court. They were sentenced to six months of simple imprisonment and a fine of Rs 2,000 each The Judgment by Division Bench comprising Justice Sudhir Agarwal and Justice Shashi Kant delved into […]

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