COMPETITION ACT , 2002 OBJECTIVE Competition Act, 2002 is passed keeping in view of the economic development of the country with following objective:(1) To prevent practices having adverse effect on competition, (2) To promote and sustain competition ..
LIMITED LIABILITY PARTNERSHIP –A NEW LEGAL ENTITY v INTRODUCTION: Changing business dynasties and emergent need to tackle with globalize competition lead to enactment of Limited Liability Partnership Act, 2008. This act is an output of Na ..
Rising prices has been a growing nightmare for the common people. The Reserve Bank of India, aware of this, sent out the strongest signal ever about its intention to curb inflation and inflationary expectations in its third quarter monetary and credi ..
The Insurance Regulatory and Development Authority (Irda) has issued disclosure norms for insurance companies, mandating them to publish accounts on a half-yearly basis. The disclosure norms are seen as a precursor to allowing insurance companies to ..
The deterioration in the overall asset quality of banks — gross non-performing assets (NPAs) are reportedly 27% higher at the end of December 2009 than at the end of December 2008 — is not surprising. Any slowdown in growth is bound to tr ..
In order to make exports of services from India internationally competitive, the Government of India has zero rated such exports. Consequently, the services exporting community is entitled to obtain refunds of input tax credits or utilise such credit ..
The Central Board of Direct Taxes (CBDT) is in a fix over the application of one safe harbour rate to all sectors. A committee, formed last month to frame safe harbour rules as announced in the 2009-10 Budget to minimise transfer pricing disputes, ha ..
To prevent misuse of class action suits, the new Companies Act may specify a minimum number of shareholders or creditors of companies for exercising the right to file such cases, the Corporate Affairs Minister, Mr Salman Khurshid, has said. This is a ..
In our daily routine we blindly follow other people's directions instead of relying on our own intelligence because it is easy to place responsibility on others. Once, a sergeant in his training session asked the recruits why walnut wood was used for ..
[PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART – II, SECTION 3, SUB-SECTION (i)]GOVERNMENT OF INDIA, MINISTRY OF CORPORATE AFFAIRSNotificationNew Delhi, 11th day of January , 2010.G.S.R. 24 (E). – In exercise of the powers conferr ..
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