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corporate law


Case Laws pertaining to Lifting up of Corporate Veil Theory

Preamble:  These case laws are related to the “Concept of Lifting up of Corporate Veil” in the context of Companies. Any concept can be understood in a better way with the help of citations. This Article is a compilation of case laws of the title subject for CA foundation students to help in their study of la..

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Insolvency and Bankruptcy Code Query Resolution WIth Adv. Anish Gupta

Synopsis This article explores a live query resolution session conducted by Ms. Dibsha Nanda, a content writer at LAWyersclubindia wherein,Adv. Anish Gupta, a legal practitioner having over 12 years of extensive experience in the field of corporate commercial litigation and domestic arbitration, with expertise in..

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MSME package under Atmanirbhar Abhiyan / Self-reliant India movement

QUESTIONS IN SEARCH OF ANSWERS. The Hon'ble Prime Minister under his vision and call for ATMA NIRBHAR ABHIYAN / SELF RELIANT INDIA MOVEMENT based on the 5 pillars of ATMA NIRBHAR BHARAT being Economy, Infrastructure, System, Vibrant Demography and Demand has allotted Rs. 20 lakh crores equivalent to 10% of India's GDP as ..

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Are CDA Rules of 1978 are in contradiction to Section 4 of The Payment of Gratuity Act,1972?

The Supreme Court in a recent judgment namely Chairman cum Managing Director, Mahanadi Coalfields Limited V Sri Rabindranath Choubey Civil Appeal No. 9693 OF 2013delivered byHon’ble Judge Arun Mishra and M.R. Shah on 27th May, 2020 overruled the decision in Jaswant Singh Gill V. Bharat Coking Coal Ltd.[1] The facts ..

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Recent development under IBC

Introduction Insolvency and Bankruptcy Code, 2016 is bankruptcy law in India that seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. It is considered biggest insolvency reform. The main objective of the code is to protect the interest of creditors including stakeholders in..

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Analysis of proposed suspension of insolvency provisions of IBC

INTRODUCTION The Insolvency and Bankruptcy Code, 2016 (‘IBC/the Code’) was introduced as need of the hour, to consolidate and revamp the existing insolvency and bankruptcy framework in India by enacting a robust law that would give certainty of process, time and outcome to the creditors, borrowers and other market..

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EPFO updates KYC for 52.62 lakh subscribers since 1st April, 2020

To extend the availability and reach of online services, which have become crucial in the wake of the COVID-19 pandemic, EPFO updated Know your Customer (KYC) data for its 52.62 lakh subscribers in the month of April and May 2020. This includes Aadhaar seeding for 39.97 lakh subscribers, mobile seeding (UAN activation) for 9.87 lakh subscribers and bank account seedin..

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Incorporation of Companies

Incorporation of a Company is the process of formation of a company.&nbsp; The term 'company' is defined under Section 2 (20) of the Companies Act, 2013. 'Company' means a company incorporated under this Act or under any previous company law. <img class="img-fluid" title="Incorporation of Company" alt="Incorporation of Company" src="https..

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Are CDA Rules of 1978 are in contradiction to Section 4 of The Payment of Gratuity Act,1972?

The Supreme Court in a recent judgment namely Chairman cum Managing Director, Mahanadi Coalfields Limited V Sri Rabindranath Choubey Civil Appeal No. 9693 OF 2013delivered by Hon&#39;ble Judge Arun Mishra and M.R. Shah on 27th May, 2020 overruled the decision in Jaswant Singh Gill V. Bharat Coking Coal Ltd.[1] The facts of the case..

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Retirement of one partner in a partnership firm of two amounts to dissolution of the firm: Supreme Court of India

WHAT WAS THE CASE ABOUT?&nbsp;&nbsp; In the case of Guru Nanak Industries vs Amar Singh the supreme court bench of Justice NV Ramana, Sanjiv Khanna and Krishna Murari held that when there are only two partners in a partnership firm and one of them agrees to retire then the retirement amounts to the dissolutio..

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Conversion of a Private Limited Company to LLP

​SYNOPSIS LLP is a simpler, more convenient, and easy to use form of an organization over a company considering the compliance and taxation point of view. It may be more beneficial for small entrepreneurs and professionals particularly operating in small and medium-sized businesses. The conversion from an existing company can e..

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Reduction in statutory rate of contributions from 12% to 10% for salary months of May, June and July 2020

Lower rate of EPF subscription 10% with EPFO notified placing higher liquidity in the hands of employees and employers during COVID -19 pandemic Government Sector, their PSEs and establishment whose subscription is being borne by Union Government under PMGKY continue to ..

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An analysis of the impending proposal to suspend sections 7, 9 and 10 of the insolvency and bankruptcy code, 2016

INTRODUCTION The&nbsp;Insolvency and Bankruptcy Code, 2016&nbsp;(&lsquo;IBC/the Code&rsquo;) was introduced as need of the hour, to consolidate and revamp the existing insolvency and bankruptcy framework in India by enacting a robust law that would give certainty of process, time and outcome to t..

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Reliance Gio's stake purchase by Facebook

The much notable news in Indian corporate circle in this gloomy situation of COVID19 is of Facebook's $5.7 billion investment in Reliance Jio. The Indian stock market celebrated it with much fanfare and Reliance's shares closing was almost 10% higher than the previous day closing. It reminds me of one of the unusual incident of 12 ..

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Welfare measures issued during COVID -19 Pandemic

In March 2020, when the Covid-19 Pandemic truly set foot in India, a nationwide lockdown was announced, resulting in the shutting down of almost all factories, offices, shops, and establishments. However, a lockdown of such magnitude, which brought the economy of more than 2.8 Trillion U.S. Dollars to a grinding halt, was bound to hurt all, including the workers emplo..

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