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Lawyersclubindia News


Liquidation process for cos to be streamlined soon

   12 June 2009 at 10:02

The ministry of corporate affairs (MCA) is planning to take up a comprehensive project for streamlining the process of liquidation of companies, a major hurdle for India.A senior MCA official told FE, “In order to have a faster and transparent ..

Posted in Corporate Law |   188 Views


Rules on candidate selection can't be changed midstream: SC

   11 June 2009 at 20:31

Selection committees cannot change the rules midstream to favour particular candidates at the cost of other geniune aspirants, as such procedures are impermissible under law, the Supreme Court has ruled."We are not disputing the fact that in mat ..

Posted in Labour & Service Law |   713 Views


Telgi sentenced to seven years RI, fined Rs 1.3 crore

   11 June 2009 at 20:30

A Delhi court on Thurday sentenced fake stamp papers scam kingpin Abdul Karim Telgi to seven years rigorous imprisonment and imposed a total fine of Rs 1.30 crore in three separate cases. Additional Chief Metropolitan Magistrate Sanjay Bansal pronoun ..

Posted in Criminal Law |   227 Views


SC: WITNESS PROTECTION A MUST.

   11 June 2009 at 14:54

Witness protection a must to make justice a reality: SC 11 Jun 2009, 0134 hrs IST, Dhananjay Mahapatra, TNN Print Email Discuss ..

Posted in Criminal Law |   366 Views


IRDA TO INTRODUCE UNIFORM VALUATION NORMS FOR INSURERS

   11 June 2009 at 12:54

Insurance Regulatory & Development Authority (IRDA) has decided to make the valuation exercise of insurance companies simpler and homogeneous. It will shortly introduce a uniform and standard valuation methodology based on the companies’ e ..

Posted in Corporate Law |   247 Views


SERVICE TAX MAY CLIMB BACK TO 12%

   11 June 2009 at 12:54

The government is considering a proposal to restore the rate of service tax to its earlier level of 12%. The government had reduced the service tax rate to 10% in the third stimulus package which was unveiled in February. This option of withdrawing t ..

Posted in Taxation |   168 Views


Additional Judges of Patna High Court appointed

   11 June 2009 at 11:03

Additional Judges of Patna High Court appointed In exercise of the powers conferred by clause (1) of Article 224 of the Constitution of India, the President is pleased to appoint (i) Smt. Anjana Prakash and (ii) Shri Jyoti Saran as Additional Judges ..

Posted in Legal Documents |   1058 Views


CCI to organize a two-day National Conference on the State

   11 June 2009 at 10:54

Competition Commission of India to organize a two-day National Conference on the State of Competition in the Indian Economy from tomorrow The Competition Commission of India (CCI) is organizing a two-day National Conference on the ‘State of Com ..

Posted in Corporate Law |   234 Views


Sebi for phased reduction of securities transaction tax

   11 June 2009 at 10:13

Members of the Securities and Exchange Board of India (Sebi) have suggested a phased reduction of the securities transaction tax (STT), as part of a package of measures to develop the capital markets that was discussed with Finance Minister Pranab Mu ..

Posted in Taxation |   173 Views


Export, IT units may get longer tax holiday

   11 June 2009 at 10:13

The forthcoming Union Budget may extend the corporate tax holiday enjoyed by export-oriented units and software parks by three more years, as the government looks to clear the air for companies in these segments reeling under a demand slump in key We ..

Posted in Taxation |   167 Views