Clipped from: https://www.financialexpress.com/industry/sme/msme-eodb-over-26000-clauses-that-can-put-entrepreneurs-in-jail-for-non-compliance-with-business-laws-report/2430450/ Ease of Doing Business for MSMEs: “This regulatory overreach impacts not just entrepreneurs running for-profits, but not-for-profit institutions as well. There is a
Category: Legal
Buyer shouldn’t pay for bank’s mistake | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/buyer-shouldn-t-pay-for-bank-s-mistake-122013000883_1.html Despite the State Commission having concluded that there was deficiency in service on the part of the bank, it had not been held
Surge in Lending Scams: How Account Aggregator framework will help mitigate the ecosystem – The Financial Express
Clipped from: https://www.financialexpress.com/money/surge-in-lending-scams-how-account-aggregator-framework-will-help-mitigate-the-ecosystem/2429797/ AA framework would collect data from all the loan providers to determine the authenticity of loan seekers, which in turn would reduce the
Ashneer Grover Updates: Ashneer Grover praises ‘legend’ Uday Kotak amid legal battle – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/startups/ashneer-grover-praises-legend-uday-kotak-amid-legal-battle/articleshow/89222740.cmsSynopsis “Uday Kotak is a legend. I had the fortune of starting my career in Kotak…and can tell you no one understands or does
RERA is coming up short in giving relief to homebuyers. What ails the legislation? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/real-estate/rera-is-coming-up-short-in-giving-relief-to-homebuyers-what-ails-the-legislation/articleshow/89197021.cms SynopsisAccording to data from the Ministry of Housing and Urban Affairs, RERA authorities across states have disposed of 82,750 complaints since the Act
KKR drags Mantri Developers to NCLT over ₹145-crore dues – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/kkr-drags-mantri-developers-to-nclt-over-145-crore-dues/articleshow/89230341.cmsSynopsis The US PE firm’s real estate lending arm, KKR India Asset Finance, has filed an application with NCLT to start insolvency proceedings against
Former directors of Cox & Kings under Mumbai Police scanner – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/former-directors-of-cox-kings-under-mumbai-police-scanner/articleshow/89234980.cmsSynopsis The city police had earlier arrested the promoter, Ajay Ajit Peter Kerkar, and former chief financial officer Anil Khandelwal, who are now in
Tax optimiser: These WFH expenses can help Kumar cut tax by more than Rs 33,000 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/tax-optimiser-these-wfh-expenses-can-help-kumar-cut-tax-by-more-than-rs-33000/articleshow/89199078.cmsSynopsis Gadgets and furniture can be bought by the company and provided to the employee. The employee gets taxed for only 10% of the
When can class III legal heirs stake claim to property of deceased person? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/legal/will/when-can-class-iii-legal-heirs-stake-claim-to-property-of-deceased-person/articleshow/89197863.cmsSynopsis The property of a Hindu male who dies intestate, that is, without a will, devolves equally to his class I legal heirs. Raj
RERA is coming up short in giving relief to homebuyers. What ails the legislation? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/real-estate/rera-is-coming-up-short-in-giving-relief-to-homebuyers-what-ails-the-legislation/articleshow/89197021.cms SynopsisAccording to data from the Ministry of Housing and Urban Affairs, RERA authorities across states have disposed of 82,750 complaints since the Act
NCLAT dismisses Sivasankaran’s appeal against NCLT order on liquidation of Siva Industries – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/news/nclat-dismisses-sivasankarans-appeal-against-nclt-order-on-liquidation-of-siva-industries/article64944928.ece NCLT in September ordered liquidation of Siva Industries and rejected lenders’ proposal to withdraw the company from bankruptcy proceedings The National Company Law
After Delhi and Allahabad, Rajasthan HC quashes assessment notices issued under Section 148 of the Income Tax Act – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/policy/rajasthan-hc-followed-delhi-allahabad-hc-in-quashing-reassessment-it-notices-issued-on-or-after-april-121/article64944869.ece Centre’s plea against Allahabad HC to be heard soon in the Supreme Court After the Delhi and Allahabad High Courts, the Rajasthan High
GST on developed plot of land: Gujarat’s Appellate Authority for Advance Ruling affirms ‘Aye’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/gst-on-developed-plot-of-land-gujarats-appellate-authority-for-advance-ruling-affirms-aye/article64943473.ece Meanwhile, AARs of Goa, Madhya Pradesh had said ‘No’ Applicability of Goods & Services Tax (GST) on plot of land with sewerage line,
ED arrests Karvy Group CMD Parthasarathy, CFO Hari in money laundering case | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/ed-arrests-karvy-group-s-cfo-will-confront-him-with-md-parthasarathy-122012700828_1.html The ED case, filed under criminal provisions of PMLA, is based on multiple Telangana Police FIRs filed by HDFC Bank, few other banks
SC gives SpiceJet a three-week reprieve – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/logistics/sc-gives-spicejet-a-three-week-reprieve/article64943085.ece Earlier, a Division Bench of the Madras High Court had dismissed the appeal by SpiceJet against a Single Judge Bench order of December
DHFL case: Piramal mulls legal options as NCLAT seeks CoC to consider 63 Moons’ plea – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/piramal-enterprises-ltd-will-continue-to-pursue-the-matter-as-multiple-legal-options-available/article64942898.ece Earlier, 63 Moons had petitioned NCLAT against Piramal regarding ascribing the value of recoverable assets Piramal Enterprises Ltd on Friday said it will
From powers of NCLT and HCs to DRAT rules, here’re key court orders | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/from-powers-of-nclt-and-hcs-to-drat-rules-here-re-key-court-orders-121010501375_1.html Several courts have been found to omit the ‘future prospects’ in income of youth who die in road accidents while calculating compensation Balancing
GST authorities arrest 27-yr old for issuing bogus Rs 1,000 cr bills | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/gst-authorities-arrest-27-yr-old-for-issuing-bogus-rs-1-000-cr-bills-122012700058_1.html A local court remanded the arrested accused to judicial custody for 14 days Illustration An ‘accountant’ has been arrested for allegedly issuing bogus
Interest on non-payment of GST may be recovered without notice | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/interest-on-non-payment-of-gst-may-be-recovered-without-notice-122012700051_1.html But with court backing, the authorities are considering doing it in some cases of mismatch in the invoices Photo: Shutterstock Backed by a
SC stays SAT order directing Sebi’s AO to appear before it | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/sc-stays-sat-order-directing-sebi-s-ao-to-appear-before-it-122012401167_1.html A bench of Justices Vineet Saran and Aniruddha Bose issued notice on an appeal filed by the Securities and Exchange Board of India
