released finding.....Tags : Trai, drive test, 2016, cellular network
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NCLAT: Interest Free Security Deposit is an Operational Debt(28.04.2022)
National Company Law Appellate Tribunal has observed that an interest free security deposit towards advance license fee will qualifies as an operation.....
Tags : National Company Law Appellate Tribunal, interest free, security deposit, Insolvency & Bankruptcy Code, 2016
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NCLAT: NCLT Doesn't Have Power to Classify Transaction As Preferential Transaction(16.05.2022)
National Company Law Appellate Law Tribunal, has observed that NCLT does not have the power to suo-moto classify a transaction as a Preferential Trans.....
Tags : National Company Law Appellate Law Tribunal, Section 44, Insolvency and Bankruptcy Code, 2016, Preferential Transaction
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NCLAT: Single WhatsApp Message Sent Long Ago Can't Become Foundation to Reject Petition U/S 9 of IBC(07.07.2025)
National Company Law Appellate Tribunal has held that a single WhatsApp message sent long ago, without any reference to any specific invoice or the am.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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Rajasthan HC: Respondents Have Right to Legal Representation Before Regulatory Authority/ Tribunal(29.04.2022)
Rajasthan High Court has observed that Section 56 of the Rajasthan Real Estate (Regulation and Development) Act, 2016, inasmuch as it excludes right o.....
Tags : Rajasthan High Court, Section 56 of the Rajasthan Real Estate (Regulation and Development) Act, 2016, Appellate Tribunal, Regulatory Authority, adjudicating officer, ultra vires
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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
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Lok Sabha Passes Income Tax Amendment Bill(29.11.2016)
Taxation Laws (Second Amendment) Bill 2016, which proposes 30% tax on undisclosed income plus 10% penalty beside a 33% surcharge and 75% tax and 10% p.....
Tags : Taxation Laws, Taxation Laws (Second Amendment) Bill 2016, demonetisation, Lok Sabha
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Accounting code for payment of Krishi Kalyan Cess(26.05.2016)
The Ministry of Finance allotted ‘Krishi Kalyan Cess’, levied on all taxable services from 1 June 2016, its distinct accounting code.
The t.....
Tags : krishi kalyan cess, accounting code, 2016
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Government Notifies Remaining Sections of RERA, Act Shall Come into Full Force From May 1, 2017(20.04.2017)
Central Government has issued a notification announcing that sections 3-19, 40, 59-70, 79 and 80 of Real Estate (Regulation and Development) Act, 2016.....
Tags : Central Government, Real Estate (Regulation and Development) Act, 2016,
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NCLAT: In absence of privity of contract, application u/s 9 of IBC not maintainable(28.03.2025)
The National Company Law Appellate Tribunal (NCLAT) has observed that where there is no privity of contract or any sort of Debtor-Creditor relationshi.....
Tags : Privity of contract, Maintainability of application, Debtor-Creditor relationship, the Insolvency and Bankruptcy Code, 2016
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Calcutta HC Sets Aside 2016 Recruitment Process for Assistant Teachers in Upper Primary Schools(14.12.2020)
Calcutta High Court has cancelled and set aside the 1st State Level Selection Test, 2016 for recruitment of Assistant Teachers in Upper Primary school.....
Tags : Calcutta High Court, 2016 Recruitment Process for Assistant Teachers
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RBI issues Master Directions on Foreign Exchange(04.01.2016)
The Reserve Bank of India released 17 Master Directions covering foreign exchang.....
Tags : Rbi, master directions, fema, 2016
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Madras HC: Benami Transactions (Prohibition) Amendment Act, 2016 Can Be Applied Retrospectively(06.09.2021)
Madras High Court has opined that in respect of the benami transactions entered into prior to the Benami Transactions (Prohibition) Amendment Act, 201.....
Tags : Madras High Court, Benami Transactions (Prohibition) Amendment Act, 2016
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Taxation Laws (Second Amendment) Act, 2016 Receives President’s Assent(16.12.2016)
Taxation Laws (Second Amendment) Bill, 2016 which was passed by Lok Sabha on 29.11.2016 has received President’s Assent.
Tags : Taxation Laws (Second Amendment) Bill, 2016
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Budget: It’s that time of 2016(22.02.2016)
The Parliament’s 2016 Budget Session may prove a misnomer yet what with 16 Bills waiting in the wings and another two to be introduced. Amongst the ne.....
Tags : Budget 2016, bills, pending, introduced
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Jharkhand HC Quashes Merit List of 6th Combined Civil Service Examination 2016(08.06.2021)
Jharkhand High Court has quashed the merit list of the 6th Combined Civil service Examination, 2016 which was conducted by the State Public Service Co.....
Tags : Jharkhand High Court, Merit List of 6th Combined Civil Service Examination 2016
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Report of the Companies Law Committee(01.02.2016)
The Companies Law Committee has released its Report on .....
Tags : companies act, report, 2016
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Special Court provisions in Companies Act now in force(18.05.2016)
The Ministry of Corporate Affairs notified 18 May 2016 as the date on which Sections 2(29)(iv), 435 to 438 and 440 of the Companies Act 2013 came into.....
Tags : Special court, companies act, 2016
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Supreme Court Rejects Aadhaar Review Plea in 4:1 Verdict(21.01.2021)
Supreme Court has dismissed a petition seeking re-examination of its 2018 verdict by which the Aadhaar Act, 2016 was declared valid and constitutional.....
Tags : Supreme Court, Validity of Aadhar Act, 2016
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Rajasthan Passes Bills to Ease Land Acquisition(08.04.2016)
Rajasthan has passed the Rajasthan Urban Land (Certification Of Titles) Bill, 2016 and Rajasthan Land Pooling Schemes Bill, giving a landmark legislat.....
Tags : Rajasthan Urban Land (Certification Of Titles) Bill, 2016
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Houses of Parliament pass several Bills(14.03.2016)
The Lok Sabha and Rajya Sabha kept up frenetic legislative activity, passing several Bills in the ‘first half’ of the Budget session. Of note is the R.....
Tags : Budget session, 2016, parliament, legislation
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NCLAT Delhi: Resolution Professional Cannot Decide Eligibility Under Section 29A IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional is not required to take a decision in regard to the ineligibili.....
Tags : National Company Law Appellate Tribunal, Resolution Professional, Section 29A of the Insolvency & Bankruptcy Code, 2016, Resolution Applicant
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SC Declares Noida As Operational Creditor Under IBC(18.05.2022)
Supreme Court has ruled that the NOIDA is an operational creditor under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC).
Tags : Supreme Court, NOIDA, Insolvency and Bankruptcy Code, 2016, creditor
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Indirect Tax Dispute Resolution Scheme Rules, 2016(31.05.2016)
The Ministry of Finance introduced Rules to give effect to Section 18 of the Finance Act 2016.
The Rules provide declarations and manner of.....
Tags : indirect tax, dispute resolution, finance act, 2016
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Punjab Assembly Passes Indian Penal Code (Punjab Amendment) Bill, 2016(23.03.2016)
Punjab Assembly has passed Indian Penal Code (Punjab Amendment) Bill, 2016 that seeks life imprisonment for sacrilege of the Guru Granth Sahib.
Tags : Punjab Assembly, Indian Penal Code (Punjab Amendment) Bill, 2016
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Lok Sabha Passes The Lokpal and Lokayuktas Bill, 2016(27.07.2016)
Lok Sabha has passed the Lokpal and Lokayuktas Bill, 2016.
Tags : Lok Sabha, Lokpal and Lokayuktas Bill, 2016
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Centre Notifies Regulations for Liquidation Process Under New Bankruptcy Code(19.12.2016)
Central Government has notified rules by which companies can go through liquidation under Insolvency and Bankruptcy Code (IBC), 2016.
Tags : Central Government, liquidation, Insolvency and Bankruptcy Code (IBC), 2016
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Chief Justices appointed and justices shuffled(24.02.2016)
Justice Vineet Saran of the Karnataka High Court has been appointed Chief Justice of Orissa High Court. Justice Subhro Kamal Mukherjee, judge of the K.....
Tags : High court, appointment, transfer, high court, February 2016
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NCLAT, Delhi: Quantum of Debt Not to be Decided At Stage of Admission of S. 7 IBC Application(18.04.2022)
National Company Law Appellate Tribunal, Delhi has observed that the quantum of debt is not to be considered at the stage of admission of a petition u.....
Tags : National Company Law Appellate Tribunal, Section 7 of the Insolvency and Bankruptcy Code, 2016, admission
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Delhi HC Declines Para-Athlete’s Plea(12.08.2016)
Delhi HC has declined to order a re-selection trial for a slot in the Rio 2016 Paralympics on the petition of a national para-athlete saying that qual.....
Tags : Delhi HC, Rio 2016 Paralympics
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LPG subsidy not available to those with taxable income of over Rs. 10 lakhs(28.12.2015)
The Government has revoked the subsidy on LPG cylinders for consumers (or spouses) that had taxable income of more than Rs. 10 lakhs during the previo.....
Tags : Lpg, subsidy, 2016, taxable income
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Lok Sabha Passes Finance Bill 2016(05.05.2016)
Lok Sabha has approved the Finance Bill 2016 with minor changes including withdrawal of the proposal to tax withdrawal on provident fund.
Tags : Lok Sabha, Finance Bill 2016
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NCLAT: Dissenting Financial Creditor Entitled to Liquidation Value of its Secured Interest only(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that as per Section 30(2)(b) of Insolvency and Bankruptcy Code, 2016 (IBC), a dissent.....
Tags : National Company Law Appellate Tribunal, Section 30(2)(b), Insolvency and Bankruptcy Code, 2016
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NCLAT: Threshold of Rs.1 Crore Is Required for Initiation of CIRP(12.05.2022)
National Company Law Appellate Tribunal (NCLAT) has ruled that an application filed after 24.03.2020 under Section 7 of the Insolvency and Bankruptcy .....
Tags : National Company Law Appellate Tribunal, Section 7, Insolvency and Bankruptcy Code, 2016, threshold, One Crore
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Karnataka High Court Dismisses Batch of Petitions Challenging 2016 Yogesh Gowda Murder Case(19.10.2021)
Karnataka High Court has dismissed a batch of petitions including that filed by former State Minister Vinay Kulkarni, challenging entrustment of the 2.....
Tags : Karnataka High Court, 2016 Yogesh Gowda Murder Case
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Bio-Medical Waste Management Rules 2016(27.03.2016)
The government has heralded the Bio-Medical Waste (Management and Handling) Rules 2016 as bringing a sea change in the way bio-medical waste will be m.....
Tags : bio-medical waste, rules 2016, management, disposal
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SEBI Issues SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016(15.01.2016)
Securities and Exchange Board of India (SEBI) has issued Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations,.....
Tags : SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016
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Sovereign Gold Bonds 2016-17 - Series I(15.07.2016)
The Reserve Bank of India announced subscription of the Sovereign Gold Bonds 2016-2017 open from 18 July 2016 to 22 July 2016.
The date of .....
Tags : Gold bond, 2016-2017, july 2016
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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
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Kerala’s attempt to regulate hartals, legislate world peace next(05.02.2016)
Public comment on Kerala’s Regulation of Hartal Bill, 2015 remained di.....
Tags : Kerala, hartal, bill, 2016, strike, labour
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Six members nominated to Rajya Sabha(25.04.2016)
The President has nominated members to the Rajya Sabha to fill seats left vacant by recent retirements. Persons nominated by the President are Swapan .....
Tags : Rajya sabha, members, nominated, 2016
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Rajasthan HC: Appeals u/s 58 RERA Act to be Filed with Court Fees(13.04.2022)
Rajasthan High Court has held that where there is no specific provision for payment of Court fees on appeals under Section 58 of the Real Estate Regul.....
Tags : Rajasthan High Court, Real Estate Regulatory Authority Act, 2016, Rule 37, Section 58
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NCLAT: Payment of Lease Amount, Rent & Premium Arising During CIRP Cannot Be Considered as CIRP Costs(28.10.2024)
The National Company Law Appellate Tribunal (NCLAT) has observed that the payment of lease amount, lease rent and premium arising during CIRP cannot b.....
Tags : National Company Law Appellate Tribunal, CIRP Cost, Section 14, Insolvency and Bankruptcy Code, 2016
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NCLT, Chennai: No Conflict Among Prohibition of Benami Property Transaction Act and IBC, 2016(06.05.2022)
National Company Law Tribunal, Chennai has ruled that there is no conflict between the Prohibition of Benami Property Transaction Act, 1988 and the In.....
Tags : National Company Law Tribunal, Prohibition of Benami Property Transaction Act, 1988, Insolvency and Bankruptcy Code, 2016, attachment of property
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Maternity Bill, 2016 Receives Prez Assent(29.03.2017)
Maternity Benefit (Amendment) Bill, 2016 which entitles women working in organised sector to paid maternity leave of 26 weeks, up from 12 weeks has re.....
Tags : Maternity Benefit (Amendment) Bill, 2016
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Cabinet Introduces The Uttarakhand Appropriation (Vote on Account) Ordinance, 2016(01.04.2016)
Ministry of Law and Justice has introduced the Uttarakhand Appropriation (Vote on Account) Ordinance, 2016.
Tags : The Uttarakhand Appropriation (Vote on Account) Ordinance, 2016
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Rajya Sabha Passes Indian Medical Council (Amendment) Bill and Dentist (Amendment) Bill(02.08.2016)
Rajya Sabha has passed the Indian Medical Council (Amendment) Bill, 2016, and the Dentist (Amendment) Bill, 2016, seeking to amend the Indian Medical .....
Tags : Rajya Sabha , the Indian Medical Council (Amendment) Bill, 2016,, the Dentist (Amendment) Bill, 2016
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Rajasthan High Court Rules Benami Amendment Act, 2016 Cannot be Enforced Retrospectively(26.07.2019)
Rajasthan High Court has ruled that Benami Transactions (Prohibition) Amendment Act, 2016 cannot have retrospective effect. Under the amended law whic.....
Tags : Rajasthan High Court, Benami Amendment Act, 2016
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Rajya Sabha Passes a Bill to Expedite Disposal of Debt Recovery Applications(10.08.2016)
Rajya Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which amen.....
Tags : Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, Rajya Sabha
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President Gives Assent to Recovery Laws(19.08.2016)
President has given assent to the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016.
Tags : President, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016
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NCLAT: Resolution Professional Can Submit An Additional Report Under Section 99 I&B Code(29.04.2022)
National Company Law Appellate Tribunal has observed that the Resolution Professional can submit an additional report under Section 99 of the Insolven.....
Tags : National Company Law Appellate Tribunal, Section 99, Insolvency & Bankruptcy Code, 2016
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NCLAT: Salary Incrementation is Valid by Employment Agreement or Board Resolution(16.05.2022)
National Company Law Appellate Tribunal, (NCLAT) has observed that salary incrementation is valid only by an employment agreement or board resolution .....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016, Section 9
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NCLAT: Section 43(1) of IBC applicable when Corporate Debtor has given a preference in transaction(09.12.2024)
National Company Law Appellate Tribunal (NCLAT) has observed that the condition precedent for attracting Section 43(1) of Insolvency and Bankruptcy Co.....
Tags : National Company Law Appellate Tribunal, Insolvency and Bankruptcy Code, 2016
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Model Juvenile Justice Rules encompass 49 Forms(25.05.2016)
Draft Model Rules under the Juvenile Justice (Care and Protection of Children) Act 2015 were released by the Ministry of Women and Child Development.<.....
Tags : juvenile justice, draft rules, 2016, rehabilitation, adoption
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Govt. Eases Salary Reporting Norms(05.07.2016)
Govt. has notified Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016 and simplified salary reporting requirements.....
Tags : Govt. , Companies (Appointment and Remuneration of Managerial Personnel) Amendment Rules, 2016
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Govt. Notifies SC/ST (Prevention of Atrocities) Amendment Rules, 2016(18.04.2016)
Amendments done in the Principal Rules namely the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) Rules, 1995 by the Scheduled Ca.....
Tags : SC/ST (Prevention of Atrocities) Amendment Rules, 2016
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Real estate bill passed, aadhaar number changes rejected(15.03.2016)
The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....
Tags : Parliament, legislation, budget 2016, companies amemendment
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Companies (Share Capital and Debentures) Third Amendment Rules, 2016(19.07.2016)
The government introduced the Companies (Share Capital and Debentures) Third Amendment Rules 2016, amending the extant 2014 rules.
Among th.....
Tags : company, share capital, rules, amendment, 2016
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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
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Budget session 2016 from 23 February till 13 May(04.02.2016)
The Budget Session of the Parliament in 2016 will begin 23rd February and end on 13th May. The Sessions is expected to have a total of 31 sittings ove.....
Tags : Budget, session, 2016, parliament
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Differential pricing stopped, differentiation possible still(08.02.2016)
The Telecom Regulatory Authority of India released the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’, restraining intern.....
Tags : Differential pricing, regulations, trai, 2016
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NCLAT: No Bar in Pendency of Execution Proceedings u/s 9 IBC(07.04.2022)
National Company Law Appellate Tribunal has observed that the pendency of an execution petition does not bar the operational creditor from filing a pe.....
Tags : National Company Law Appellate Tribunal, execution petition, Section 9 of the Insolvency and Bankruptcy Code, 2016
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NCLAT: If Credit Facility Agreement is Unstamped, Petition U/S Section 7 is Maintainable(29.04.2022)
National Company Law Appellate Tribunal has observed that if a credit facility agreement is unstamped, then petition under Section 7 of the Insolvency.....
Tags : National Company Law Appellate Tribunal, credit facility, Section 7, Insolvency and Bankruptcy Code, 2016
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SC: Appeal Under IBC is Valid Only if it is Initiated Within 30 days From Date of Order(17.05.2022)
Supreme Court has ruled that an appeal under the Insolvency and Bankruptcy Code, 2016 (IBC) is only acceptable if it is filed within 30 days from the .....
Tags : Supreme Court, Insolvency and Bankruptcy Code, 2016, 30 days, National Company Law Tribunal
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Income Declaration & Tax Dispute Resolution Schemes to Come into Force from Tomorrow(31.05.2016)
Central Board of Direct Taxes (CBDT) has said that the Income Declaration Scheme, 2016 and the Direct and Indirect Tax Dispute Resolution Schemes 2016.....
Tags : Central Board of Direct Taxes, Income Declaration Scheme, 2016, Tax Dispute Resolution Schemes
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Govt. Notifies Aadhaar Act, Operationalises Some of Its Provisions(13.07.2016)
Union Government has notified Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016 and operationalised some o.....
Tags : Union Government, Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016
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Amendments in Compensatory Afforestation Fund Bill 2015(20.04.2016)
The Union Cabinet approved amendments to the read»
Real estate bill passed, aadhaar number changes rejected(15.03.2016)
The Parliament kept up its newfound legislation fervour, approving the Real Estate (Regulation and Development) Bill, 2016, which aside from providing.....
Tags : Parliament, legislation, budget 2016, companies amendment
read»
President Promulgates Enemy Property Ordinance, 2016(08.01.2016)
President of India has promulgated the Enemy Property (Amendment and Validation) Ordinance, 2016 on January 07, 2016 to make amendments to the Enemy P.....
Tags : President , Enemy Property (Amendment and Validation) Ordinance, 2016
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