Supreme Court Bars Banks from Charging Interest on Interest or Penal Interest on Any Borrower during Loan Moratorium
Today the SC directed that there should be no interest on interest or penal interest on the installments which were…
PARADIGM SHIFT IN THE ADR MECHANISM
In a recently promulgated act by the Parliament, the Arbitration and Conciliation Act of 2021 aims at further strengthening the…
Salary Deductions Under IT Act
INTRODUCTION Salary refers to the amount/remuneration received by a person known as an employee, time by time, for service rendered…
WAYS TO SAVE TAX UNDER SECTION 80 OF INCOME TAX ACT
Introduction Income tax is the tax that is paid by any taxpayer on the income received other than companies such…
Retrenchment under the Earlier Indian Labour Laws
Introduction With the recent advancement in the various domains of science and technology, particularly those of Artificial Intelligence, the clouds…
Company for a Common Understanding
Introduction The Companies Act, 2013 was passed to consolidate and amend the law relating to companies. The Act comprises of…
Types of Shares for Common Understanding
As per section 43 of the Companies Act, a company can issue 2 types of shares. 1. Equity Shares The…
SECTION 3,4 AND 10 of IBC (Amendment) Act, 2020 are Constitutionally Valid: SC
SECTION 3,4 AND 10 of IBC (Amendment) Act, 2020 are Constitutionally Valid: SC THE SUPREME COURT recently talks about…
Supreme Court directs on recommendations made by NALSA that ‘pre-mediation litigation may not be feasible’
Supreme Court directs on recommendations made by NALSA that ‘pre-mediation litigation may not be feasible’ The Supreme Court on 19th…
The Payment and Settlement Act System, 2007 (PASS Act, 2007)
Introduction The Central Bank of India/RBI is the driving force in the development of national payment systems. The Board for…