4/cQDFin92ra-3C8zDMkaEfdIEcRMfsqgNO3Roxme3jHvVbFspxyjrGP4

SUO LAW

Indian Government Clarifies Voting by Overseas (NRI) Voters of India in Upcoming Elections

In light of the mass circulation of misleading information through social media about the online voting/voting in the Consulate or through proxy/mail by Overseas (NRI) Indian Voters in the forthcoming general election in India, the Election Commission of India has clarified the air surrounding the rumour by clearly affirming that …

Read More »

Dharani Sugar and Chemicals Limited vs. Union of India – Supreme Court quashes the circular of RBI

The Supreme Court quashed the circular dated 12.02.2018 issued by Reserve Bank of India which provided for Resolution of Stressed Assets. The circular provided that the lender Banks must put in place Board-approved policies for resolution of stressed assets and that the Banks should initiate steps as soon as there …

Read More »

European Union launches WTO Trade Disputes against India and Turkey

European Union launches WTO Trade Disputes against India and Turkey Dispute against India The European Union has requested for consultations with the Government of India on 02.04.2019 under Article 1 and 4 of The Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU) and Article XXII:1 of the …

Read More »

One Sided Clauses In Builder-Buyer Agreements Is An Unfair Trade Practice: Supreme Court

The Supreme Court in its judgement dated 02.04.19 has held that the incorporation of one-sided clauses in a builder-buyer agreement constitutes to an unfair trade practice as defined under Section 2 (r) of the Consumer Protection Act, 1986. The bench comprising Justice UU Lalit and Justice Indu Malhotra further observed that …

Read More »

Sebi issues circular on appointment of administrators

Securities and Exchange Board of India (“Sebi”) on 2ndApril 2019 has issued a circular pertaining to empanelment of insolvency professionals to be recruited as administrators under the regulator’s framework. As per the mandate, an administrator has to be a registered insolvency professional with the Insolvency and Bankruptcy Board of India …

Read More »

Companies (Amendment) Ordinance, 2019

The Companies (Amendment) Ordinance, 2019 was promulgated to replace the Companies (Amendment) Ordinance, 2018 which brought about amendments to 31 provisions of the Act. The need for repromulgation of an ordinance arose due to the fact that the Companies Amendment Bill, 2019 which was to replace the 2018 Ordinance was …

Read More »

Angel Tax fiasco: Government To Soften The Blow On Startup Businesses

New Delhi, February 12: In terms of the number of businesses, India is the second biggest ecosystem for the start-up. Even though the incumbent government has time and again promoted the entrepreneurship in the country, from the past two weeks it is receiving constant flak from the startup ecosystem, as …

Read More »

U.S All Set To Withdraw Zero Tariff Program On Indian Exports

New Delhi, February 11: U.S is all set to take disciplinary action against India and is planning to withdraw the Generalized System of Preferences (GPS), amid an ongoing dispute over India’s trade and investment policies. The move is being feared, as India will lose a crucial U.S trade concession, under which …

Read More »

SC Issues Contempt Notice To Central Government On HSRP Amendment

    AJAY SHARMA v BRIJESH MEHROTRA Contempt Petition 1787/2017 Hearing on 01.02.2019  PRESS NOTE The Hon’ble Supreme Court of India on 01.02.2019 issued a notice to the Central Government in an Application alleging contempt of the Orders passed by the Hon’ble Supreme Court in issuing Notifications dated 04.12.2018 and …

Read More »

Companies (Amendment) Ordinance, 2019: An Overview

The Companies (Amendment) Ordinance, 2019 was promulgated to replace the Companies (Amendment) Ordinance, 2018 which brought about amendments to 31 provisions of the Act. The need for re-promulgation of an ordinance arose due to the fact that the Companies Amendment Bill, 2019 which was to replace the 2018 Ordinance was …

Read More »