LAW News

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today approved the proposal to make amendments in the Insolvency and Bankruptcy Code, 2016 (code), through the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019.  The amendments aim to remove certain difficulties bein..

Posted in LAW |   598 Views

The Payment of Gratuity (Amendment) Bill, 2018 has been passed by parliament today.The bill ensures harmony amongst employees in the private sector and Public Sector Undertakings/Autonomous Organizations under Government who are not covered under CCS (Pension) Rules. These employees will be entitled..

Posted in LAW |   923 Views

The Income Declaration Scheme, 2016 incorporated as Chapter IX of the Finance Act 2016 provides an opportunity to all persons who have not declared income correctly in earlier years to come forward and declare such undisclosed income(s). Under the Scheme, such income as declared by the eligible p..

Posted in LAW  2 comments |   2327 Views

 Insolvency and Bankruptcy code 2016 passed by Lok Sabha  PFA the attached file for more details ..

Posted in LAW |   801 Views

The Negotiable Instruments (Amendment) Bill, 2015 notified; Focus on clarifying the jurisdiction related issues for filing cases for offence committed under Section 138 of the Act    The Negotiable Instruments (Amendment) Bill, 2015 was passed by the Parliament in the recently conclude..

Posted in LAW  1 comments |   2983 Views

Following is the Summary of the Recommendations of the Bankruptcy Law Reforms Committee (BLRC) The Report of the BLRC is in two parts: i. Rationale and Design/Recommendations; ii. A comprehensive draft Insolvency and Bankruptcy Bill covering all entities. The draft Bill has consolidated ..

Posted in LAW  5 comments |   2300 Views

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval for the proposal to promulgate the Negotiable Instruments (Amendment) Ordinance, 2015.  The proposed amendments to the Negotiable Instruments Act, 1881 (“The NI Act”) are focused on clarif..

Posted in LAW  3 comments |   2742 Views

The President of India has promulgated the Negotiable Instruments (Amendment) Ordinance, 2015 (No.6 of 2015) on 15th June, 2015. The Ordinance provides for determination of territorial jurisdiction of courts for trying cases relating to offence of dishonour of cheques under Section 138 of the Negoti..

Posted in LAW  2 comments |   4603 Views

Sub: Judgement dated 13th May, 2015 of the Hon’ble Supreme Court of India in a Disciplinary matter  The Hon’ble Supreme Court of India in a landmark Judgment delivered on 13th May, 2015 in an appeal filed by a member of the Institute [Respondent in a disciplinary matter] and Othe..

Posted in LAW |   6145 Views

Council Affairs/M-626/2014 12th August, 2014 ALL MEMBERS OF THE COUNCIL     Dear Sir,   The President, in terms of the authority given to him by the Council at its 331st meeting held in February, 2014, has constituted a Group comprising the following, to consider th..

Posted in LAW  12 comments |   4176 Views

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