Corporate Law Articles

Adhering the timelines of award settlement as per rule 17(6) of the Insurance Ombudsman Rules, 2017

FCS Deepak Pratap Singh 01 June 2022 at 08:59

The Authority undertook comprehensive review of pending cases of all offices of the Insurance Ombudsman. As per the data obtained from Council for Insurance Ombudsmen, there are total of 711 Insurance Ombudsman awards that are pending for compliance, of which, 162 awards are pending for more than one year, which is rather unsatisfactory.

Tax Compliance and Statutory due dates for the month of June, 2022

Ishita Ramani 31 May 2022 at 17:41

Compliance Calendar for Tax and Statutory Due Dates falling in the Month of June 2022 that includes, a Compliance Calendar for GST Due Dates of June 2022 and a Compliance Calendar for Income tax Return Due Dates of June 2022

SEBI Modified Cyber Security and Cyber Resilience Framework of Qualified RTAs

CS Lalit Rajput 31 May 2022 at 10:03

In order to protect the interests of investors in securities and to promote the development of, and to regulate the securities market, SEBI has issued notification related to Modification in Cyber Security and Cyber resilience framework of Qualified Registrars to an Issue and Share Transfer Agents ("QRTAs")

Modifications in definition of Critical Illnesses prescribed in Guidelines on Standardization in Health Insurance

FCS Deepak Pratap Singh 31 May 2022 at 08:47

The extant IRDAI (Health Insurance) Regulations 2016 were notified on 18th July, 2016 superseding IRDA (Health Insurance) Regulations 2013. The Guidelines on Standardization in Health Insurance were issued on 29th July, 2016.

Amendments in Schedule III of Companies Act 2013 - Part 2

Neethi V. Kannanth 30 May 2022 at 16:47

In continuation of the previous part on Amendments in Schedule III let us discuss the remaining changes

How to value your business during COVID times?

Ishan 30 May 2022 at 08:28

The valuer is expected to apply his professional judgement on case-to-case basis since there is no set thumb rule to approach and account for market uncertainties and volatility in the valuation exercise and no standard normalization adjustments to cash flows or discount rates are made available to make the valuation assignment any less subjective.

Shares Transfer procedure in a Private Company as per Companies Act, 2013

Rajendra Prasad Gangula CA 30 May 2022 at 08:28

Generally, a private company is guided by its Article of Association. As per Section 2(68) of the Companies Act 2013, a Private Company restricts the transfer of its shares and prohibits invitation to the public to subscribe to any securities of the Company.

Some important facts related to all risk insurance policies

FCS Deepak Pratap Singh 30 May 2022 at 08:28

The insurance companies classify different types of insurance covers offered to policyholders in many ways. The broad Classification of such insurance cover has been covered in this article.

You have option to opt out from group inusurance policy also

FCS Deepak Pratap Singh 28 May 2022 at 17:27

As you are aware that a group health insurance policy provided by an employer to the employees comes with its own share of benefits. Not only is the premium low, such a group cover also has a comprehensive coverage with fewer policy exclusions.

Amendments in Schedule III of Companies Act 2013 - Part 1

Neethi V. Kannanth 28 May 2022 at 08:57

Several changes have been brought into Schedule III to the Companies Act, 2013. This article deals with the changes brought into Schedule III applicable to the companies whose financial statements are prepared in accordance with the Companies(Accounting Standards) Rules,2006.