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Lawyersclubindia News


Customs Cooperation between India and Korea

   02 May 2009 at 12:38

Customs Cooperation between India and Korea A delegation of Korea Customs led by Mr Yongsuk Hur, Commissioner is currently on a two-day visit in New Delhi to hold the First Customs Cooperation Meeting with a delegation of officers of the Central Boar ..

Posted in Others |   263 Views


PVT BANKS' FDI ISSUE IN THE COURT OF FINMIN, RBI

   02 May 2009 at 12:36

PVT BANKS' FDI ISSUE IN THE COURT OF FINMIN, RBI The controversial issue of private banks, including ICICI Bank, becoming 'foreign' following fresh FDI guidelines, has been tossed back to the court of the Finance Ministry and RBI. The Department of I ..

Posted in Corporate Law |   229 Views


CHARITABLE PURPOSE UNDER SECTION 2(15) OF IT ACT, 1961

   02 May 2009 at 10:56

IT IS NOT NECESSARY THAT MEDICAL RELIEF AND HOSPITAL SERVICES SHOULD BE ONLY GIVEN TO POOR TO COME WITHIN AMBIT OF CHARITABLE PURPOSE UNDER SECTION ..

Posted in Taxation |   4375 Views


ICAI quizzes accounting companies on foreign tie-ups

   01 May 2009 at 13:49

Just a few months after the issue of global accounting firms partnering with local firms in India to gain market access came to the fore, the Institute of Chartered Accountants of India (ICAI), the chief regulatory body for the accounting professio ..

Posted in Corporate Law |   374 Views


GOVT TO LAUNCH NEW PENSION SCHEME FOR PRIVATE SECTOR

   01 May 2009 at 13:40

The government will launch a new pension scheme for all private sector employees and self-employed persons from May 1 that will allow investment of 50 percent of funds in stock markets, an official said on Thursday. "The new pension scheme for p ..

Posted in Others |   467 Views


HC JUDGMENT ON DELHI RENTING OF IMMOVABLE PROPERTY - WHAT NEXT

   01 May 2009 at 12:07

HC JUDGMENT ON DELHI RENTING OF IMMOVABLE PROPERTY - WHAT NEXT?V.S. Datey Recent decision of Delhi High Court that service tax cannot be imposed on renting of immovable property has raised hornets nest. The judgment has raised many i ..

Posted in Taxation  1 comments |   679 Views


Minimum sentence for a crime can’t be reduced: SC

   30 April 2009 at 22:16

The Supreme Court has said that the minimum prescribed sentence for a crime cannot be reduced for "fanciful reasons" but only after adequate justification. The apex court said that though courts have the power to reduce the quantum of punis ..

Posted in Criminal Law |   316 Views


Delhi HC makes exam mandatory for custom house agents

   30 April 2009 at 16:40

The Delhi High Court ruled that to be a Custom House Agent it will be mandatory for aspirants to clear an exam stipulated by the Custom House Agent License Regulation (CHALR) in 2004.A bench comprising Justices Sanjay Kishan Kaul and Sudershan K Mish ..

Posted in Others |   1702 Views


Ramalinga Raju siphoned more than One Billion $ : CBI

   30 April 2009 at 16:38

Satyam Computer Services Limited founder B Ramalinga Raju and his cohorts created Super User ID to siphon off more than one billion dollars, according to Central Bureau of Investigation probing India’s biggest Corporate fraud.Surreptitiously in ..

Posted in Criminal Law |   262 Views


SC concern over increasing cases of sexual assault of minor

   30 April 2009 at 16:32

The Supreme Court has expressed serious concern over the increasing number of cases of sexual assault, involving rape and murder of minor girls. Two judges of the apex court, however, differed on the quantum of sentence while upholding the convictio ..

Posted in Criminal Law |   406 Views