The Ministry of Corporate Affairs has notified yesterday exemptions for private companies, nidhi companies, government companies and Section 8 companies. The much awaited relief for private companies, we would say is almost here – as the notification issued is yet to published in Gazette of India. The following are some of the key changes that... Continue Reading →
E-Contracts in India
Along with traditional agreements the Indian Contract Act, 1872 has also accorded recognition to oral contracts provided they are made by the free consent of parties competent to contract, for a lawful consideration and with a lawful object, and are not expressly declared to be void. Thus, nothing in the Indian Contract Act prohibits the enforceability of electronic agreements if such agreements possess all the essentials of a valid contract.
INC-29 and a slew of measures for Ease of Doing Business in India
Arrangements have been completed for integration of Name Availability, allotment of Direct Identification Number (DIN), Company Incorporation and Commencement of Business with the unified e business portal being developed by the Ministry of Industries and Commerce.
Reporting under the FDI Scheme on the E-Biz Platform
With a view to promoting the ease of reporting transactions, the Reserve Bank of India (RBI) issued Circular No.77 dated February 12, 2015 thereby easing reporting of transactions under Foreign Direct Investment (FDI) allowed filing of Returns with RBI through e-Biz platform. Following returns can be filed with the RBI using the e-Biz platform: · ... Continue Reading →
BCCI Chair Restored Post IPL Judgment: The Conflict Continues
The Supreme Court has observed “All told whatever be the format of the game and whatever be the commercial angles to it, the game is what it is, only if it is played in its pristine form free from any sporting fraud….. Conflict of interest situation is a complete anti-thesis to everything recognized by BCCI... Continue Reading →
The Apprentices (Amendment) Act, 2014 – An Overview
The Apprentices Act, 1961 (the Apprentices Act) was enacted with the objective of regulating the programme of training of apprentices in the industry by utilizing the facilities available therein for imparting on-the-job training. The Ministry of Labour and Employment after receiving many suggestions from various quarters regarding making changes to the Apprentices Act, has made... Continue Reading →
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