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Lawyersclubindia News


Companies bill 2008 gets the nod of Union Cabinet

   01 September 2008 at 18:04

Companies bill 2008 gets the nod of Union CabinetThe Union cabinet today gave its nod for the introduction of the Companies Bill 2008 in the next session of Parliament to replace the existing Companies Act, 1956 by incorporating far-reaching changes. ..

Posted in Corporate Law |   425 Views


Issue' versus `service' of notice

   01 September 2008 at 18:04

Issue' versus `service' of notice ------------ --------- --------- --------- --------- --------- ------------The law says that the notice under Section 143(2) is required to be served within 12 months from the end of the month in which the return was ..

Posted in Taxation |   282 Views


Judge appt.

   31 August 2008 at 21:14

Shri. Satish Chandra, Former Judicial Member, ITATThe Allahabad HighCourt dismissed the objection raised by the Additional SolicitorGeneral of India Ashok Nigam on Monday. According to Nigam, thepetitioner had no locus standi to challenge the appoint ..

Posted in Constitutional Law |   268 Views


Criminal Complaint against Commercial Taxes Officers conducting

   31 August 2008 at 21:14

Criminal Complaint against Commercial Taxes Officers conductingSearch - factual scenario goes to show proceedings were nothing butabuse of process of law – complaint quashed: Supreme CourtNEW DELHI, AUG 31, 2008 : AN Assistant Commissioner of Commerc ..

Posted in Taxation |   368 Views


CBDT expands definition of professionals

   31 August 2008 at 21:14

CBDT expands definition of professionalsThe Central Board of Direct Taxes (CBDT) expanded the scope ofprofessional services to cover sportspersons, umpires and referees,making them liable for a higher tax deduction at source (TDS) at therate of 10% a ..

Posted in Taxation |   236 Views


New Bill proposes one person company concept

   31 August 2008 at 21:14

New Bill proposes one person company concept The new Company Bill, which proposes to do away with redundant provisions of the existing Companies Act, 1956, envisages a new entity in the form of one person company (OPC), while empowering the Governmen ..

Posted in Corporate Law |   244 Views


Language Policy - Supreme Court Upholds HC Verdict

   31 August 2008 at 12:01

The state government's efforts to put its language policy on a firm footing by extracting a stay order from the Supreme Court for the state High Court verdict, has come to naught. The three-member bench of the supreme court headed by Chief Justice K ..

Posted in Constitutional Law |   216 Views


SC issues notice to Karnataka on imported sugar

   31 August 2008 at 12:01

New Delhi, Aug 31 (PTI) The Supreme Court has issued notice to the Karnataka government on a petition filed by a sugar importer challenging a High Court ruling that allowed levy of sales tax on imported sugar retrospectively.A bench headed by Justice ..

Posted in Corporate Law |   352 Views


Tax tribunal rules in favour of foreign shipping companies

   31 August 2008 at 10:00

Tax tribunal rules in favour of foreign shipping companiesAugust, 25th 2008Foreign shipping companies have won the second round in their battlewith India's income-tax department.In a decision that could determine how these companies are taxed, anappe ..

Posted in Taxation |   989 Views


Matter of tainted ministers refered to 5 judges CB

   31 August 2008 at 10:00

The Supreme Court today referred to a five-judge Constitution bench a petition seeking removal of tainted Ministers from the Union government as well as the states.A bench comprising Chief Justice K G Balakrishnan, Justices P Sathasivam and J M Panch ..

Posted in Constitutional Law |   185 Views