corporate law

        I have been writing articles on Company Law in India, issues touching the corporate world and especially issues pertaining to Company dispute resolution mechanism. The state is suppo..

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  Business impact of regulations in the Indian Asset Management Industry: Playing in the new market place     span style="font-size: 11pt; line-..

In October 2007 the British Prime Minister Gordon Brown had to personally apologize for the loss of two disks containing personal information of 25 million citizens leading to fears of breach of privacy. This breach was expected to cost the government 1.5 billion GB..

Estimates may vary, but clearly, the size of the black economy is monstrously large. Several factors are responsible for this. The type of faulty tax structures that we designed for ourselves, the ineffective and inefficient manner in which we implemented and enforced the tax laws and the lukewarm societal disrespect towards tax evaders have all contributed to the m..

The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided  User ID and password for authenticated access. Benefit of registration The access will result in the following benefits to the deductors: •    View of status o..

The undersigned is directed to state that ‘Packaged Software’ is a type of IT software which caters to the needs of a variety of users and is capable of being used for variety of hardwares. IT software is fully exempt from basic customs duty being covered under Information Technology Agreement. So far as excise duty/CVD is concerned, while customised sof..

you can receive any amount from your relatives without paying any income tax as there is no gift-tax at present. There are certain provisions and important points which we will discuss in this post. Gift can be ..

“A company (hereinafter called C) did a Cenvat fraud. A transporter (called T) assisted the company by providing fake Goods Receipts, when actually the goods were never transported. Original authority confirm the demand and imposed a penalty of one crore on the company. Personal penalty of 50 lakhs was imposed on the Managing Director of the company. A penalty..

It is heartening that the Government has set up a high-level Cabinet Committee under the chairmanship of the Prime Minister to give a major thrust to infrastructure development and keep the focus on this core sector. Allocation of Rs 1 lakh crore, the highest ever sum, for the infrastructure sector is indeed delightful and commendable. T..

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  This paper* to attempts to compare the competitiveness of India and China over the last decade:   China's GDP was three times that of India in 2007. China's share of GDP to the world was 10.8%, which was double that of India. The average annual growth of per capita GDP of China was just double that of India in..

Executive Summary Last month, the Federal Government announced that it will overhaul the privacy laws of Australia and implement a consistent privacy law regime. These changes will represent the most material reforms to Australian privacy law since the Privacy Act 1988 (Cth) was introduced over 20 years ago. This announcement marks the first st..

It is bad luck of our country that our industries have been heavily centralized. Entire textile industry of India has been centralized into 700 spinning mills through which huge amount of 40000 crores of rupees is exploited. In fact, this industry should be decentralized into every home and every village through modern tiny machines and its benefit shoul..

The purchase of a sizable quantity of gold by the Reserve Bank of India from the International Monetary Fund is significant not just for India but for the IMF, and the global financial system as well. The RBI has paid approximately $6.7 billion to buy 200 tonnes, almost half the quantity put up for sale in September. For the RBI, the transaction is much more than a ..