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Certain provisions of competition act, 2002 notified

   21 May 2009 at 10:33

Certain provisions of competition act, 2002 notified COMPETITION COMMISSION OF INDIA CAN NOW ENFORCE THESE PROVISIONS The Central Government has notified from today, i.e., 20th May, 2009, the provisions of the Competition Act, 2002 relating to anti- ..

Posted in Corporate Law |   411 Views


SUPREME COURT ON VALIDITY OF NOTICE ISSUED BY AO UNDER SECTI

   21 May 2009 at 10:25

SUPREME COURT OF INDIA CIT v. Greenworld Corporation Civil Appeal No. 3312 of 2009 MAY 6, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 20. An Income Tax Offi ..

Posted in Taxation |   293 Views


FURNISHING OF BANK GUARANTEE: SECTION 43B OF IT ACT

   21 May 2009 at 10:24

SUPREME COURT OF INDIA CIT v. Mcdowell & Co. Ltd. Civil Appeal No. 3471 of 2007 May 8, 2009 RELEVANT EXTRACTS : ** ** ** ** ** ** 8. We shall firs ..

Posted in Taxation |   343 Views


PRESIDENT APPOINTS DR. MANMOHAN SINGH AS PRIME MINISTER

   20 May 2009 at 23:59

PRESIDENT APPOINTS DR. MANMOHAN SINGH AS PRIME MINISTER OATH-TAKING CEREMONY ON MAY 22 20-05-2009 : Rashtrapati Bhavan, New Delhi Having been chosen as the Leader of Congress Parliamentary Party, Dr. Manmohan Singh, accompanied by Smt. Sonia Gandh ..

Posted in Constitutional Law |   182 Views


Lawyers above law? SC

   20 May 2009 at 20:58

The Supreme Court has severely censured some lawyers for their attitude and said they consider themselves 'above law' and it would not allow their 'hooliganism'.A vacation bench of Justice Markandey Katju and Justice Deepak Verma made the remarks aga ..

Posted in Others |   279 Views


Limited Liability Partnership FAQs

   20 May 2009 at 16:56

Limited Liability Partnership FAQsNATURE OF LIMITED LIABILITY PARTNERSHIP (LLP)1. Concept of “limited liability partnership” LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the ..

Posted in Corporate Law |   228 Views


RBI governor asks banks to cut fund transfer rates

   20 May 2009 at 16:49

The RBI governor D Subbarao on Monday asked banks to lower their intra-bank fund transfer charges, saying that it did not make sense that the charge for such fund movement was more than inter-bank charges.“I was surprised to note that transfer ..

Posted in Others |   202 Views


Finmin seeks amendment to FRBM Act

   20 May 2009 at 16:48

With the Centre already breaching the deficit targets stipulated under the Fiscal Responsibility & Budget Management (FRBM) Act, the finance ministry is seeking to ask the new government to amend it. In light of the changed economic scenario, the ..

Posted in Others |   247 Views


Competition watchdog operational from today

   20 May 2009 at 16:48

Two sections of the Competition Act still to be notified.After a long wait of five years, India's official anti-monopoly body, the Competition Commission of India (CCI), would finally become operational from tomorrow.Sections three and four of the Co ..

Posted in Corporate Law |   185 Views


Delhi HC defines Lokayukta's powers

   20 May 2009 at 16:31

The Delhi High Court clarified that the Lokayukta is empowered to hold a preliminary inquiry before proceeding with the issuance of notices to the accused in the matter pertaining to the purchase of 625 low-floor buses in the capital.A bench, compris ..

Posted in Constitutional Law |   199 Views