Judiciary updates -18th Oct 2021

Benami Act, 1988, would not extend to properties purchased by the company Kalyan Buildmart Pvt. Ltd. Vs Initiating Officer (Rajasthan High Court) dated 06/10/2021 NCLT admits RBI application for initiating CIRP against Srei Infra Reserve Bank of India Vs Srei Infrastructure Finance Limited (NCLT kolkata) dated 08/10/2021 No limitation period in case of usufructuary mortgage:Continue reading “Judiciary updates -18th Oct 2021”

How to improve Law Firm (Lawyers) Profitability?

Dear Sir, Please find below YouTube video link on How to improve Law Firm (Lawyers) Profitability? 1. What is Law firm? 2. Generally used business structure of Law Firm in India 3. Financial indicators 4. Lawyers compensation, Profitability 5. How do law firms make a profit? 6. Revenue vs. profitability 7. What can a lawContinue reading “How to improve Law Firm (Lawyers) Profitability?”

Judiciary updates (Finance) – 15 Oct 2021

Sec 138 NI Act: Complaint comes to an end Once Accused & Complainant Enter into a Settlement Agreement: SCGimpex Private Limited Vs Manoj Goel (Supreme Court of India) Sec 138 NI Act- Complainant to prove the existence of a debt V.P. Zacharia Vs State of Kerala (Kerala High Court)  Section 138 NI Act Directors responsibleContinue reading “Judiciary updates (Finance) – 15 Oct 2021”

Latest Landmark Judicial Updates (Supreme Court) -14th Oct 2021

Will cannot be doubted merely for Exclusion of brother or sister: SC V. Prabhakara Vs Basavaraj K. (Dead) By Lr. & Anr. (Supreme Court of India) dated 07th Oct 2021 ×××××××××××××××××××× In a contempt jurisdiction, Court cannot travel beyond original judgment: SC V. Senthur And Another Vs M. Vijayakumar (Supreme Court of India) dated 01/10/2021Continue reading “Latest Landmark Judicial Updates (Supreme Court) -14th Oct 2021”

Notification issued on incentives and disincentives pertaining to Vehicle Scrapping Policy

In the Vehicle Scrapping Policy, it is proposed to have a system of incentives and disincentives to nudge vehicle owners to discard old and polluting vehicles, which have higher maintenance and fuel consumption costs.                    In this regard, the Ministry of Road Transport and Highways has issued a GSR Notification, 714(E) dated 04.10.2021 in theContinue reading “Notification issued on incentives and disincentives pertaining to Vehicle Scrapping Policy”

More than 22000 compliances reduced in Government (Ministry of Commerce & Industry Press Release dated 28th Sept 2021)

More than 22000 compliances reduced in Government. 103 offences decriminalized and 327 redundant provisions/laws removed by the Centre Exercise being carried out by Centre to simplify, decriminalize & remove redundant laws – Piyush Goyal Reduction of compliance burden is the best way to strengthen & boost confidence of business owners- Shri Piyush Goyal Our focusContinue reading “More than 22000 compliances reduced in Government (Ministry of Commerce & Industry Press Release dated 28th Sept 2021)”

सड़क सुरक्षा की इलेक्ट्रॉनिक निगरानी और यातायात कानून-पालन के लिये अधिसूचना

Ministry of Road Transport & Highways Please release dated 19 Aug 2021 सड़क सुरक्षा की इलेक्ट्रॉनिक निगरानी और यातायात कानून-पालन के लिये सड़क यातायात और राजमार्ग मंत्रालय ने एक अधिसूचना जीएसआर 575(ई), 11 अगस्त, 2021-नियम 167ए जारी कर दी है। नियमों के तहत यातायात कानूनों का पालन कराने के लिये इलेक्ट्रॉनिक उपकरणों का विस्तार से प्रावधान किया गया है। प्रावधानोंContinue reading “सड़क सुरक्षा की इलेक्ट्रॉनिक निगरानी और यातायात कानून-पालन के लिये अधिसूचना”

New Consumer Protection Law – An Overview (Consumer Protection Act 2019) II उपभोक्ता संरक्षण अधिनियम 2019- मुख्य बातें II

Dear Sir, Please find below YouTube video link on II New Consumer Protection Law – An Overview (Consumer Protection Act 2019) II उपभोक्ता संरक्षण अधिनियम 2019- मुख्य बातें II ✅ CPA 1986 Vs CPA 2019 (w.e.f. 20 July 2021) ✅ Central Consumer Protection Authority (CCPA) ✅ e-commerce entity –Information, Complain redressal ✅ Product liability ✅Continue reading “New Consumer Protection Law – An Overview (Consumer Protection Act 2019) II उपभोक्ता संरक्षण अधिनियम 2019- मुख्य बातें II”

Government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.

Government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022. Thickness of plastic carry bags increased from 50 to 75 microns from 30th September, 2021 and to 120 microns with effect from the 31st December, 2022. Guidelines for Extended Producer Responsibility given legal force. Ministry of Environment, ForestContinue reading “Government notifies the Plastic Waste Management Amendment Rules, 2021, prohibiting identified single use plastic items by 2022.”

Legal framework & Legislative development of Crypto currency trading in India

Dear Sir, Please find below YouTube video link on : Legal framework & Legislative development of Crypto currency trading in India Company disclosure in Financial Statement for virtual currency/crypto currency transactions (MCA notification dated 24.03.2021 & MCA Press release dated 10 Aug 2021) Regards,Bipul Kumar