NCDRC takes aim at Consumer Protection Act amendments

Last Updated: Friday, May 29, 2015, 14:22

The Consumer Affairs Ministry has proposed many changes to the current law to protect consumer rights and simplify the judicial process to ensure swift and inexpensive justice. The amendment Bill will soon be taken up for Cabinet approval.

China cybersecurity plan aims to protect state secrets: Official paper

Last Updated: Thursday, May 28, 2015, 11:42

Beijing has recently bolstered legal protection of its information technology, after former National Security Agency contractor Edward Snowden disclosed that U.S. spy agencies planted code in American tech exports to snoop on overseas targets.

Shah Committee on MAT invites suggestions from stakeholders

Last Updated: Tuesday, May 26, 2015, 20:42

The high-level Justice A P Shah committee on levy of MAT on foreign investors has invited suggestions and representations from all stakeholders, including industry associations.

Shah Committee to go into all 'legacy' tax issues: Jaitley

Last Updated: Monday, May 18, 2015, 15:35

The Justice Shah Committee, constituted to go into levy of MAT on FIIs, will look into all important "legacy" cases, Finance Minister Arun Jaitley said blaming conflicting judicial rulings for the controversy on the issue that has riled foreign investors.

Land law will not be a barrier for growth: PM

Last Updated: Friday, May 15, 2015, 20:23

Amid strong resistance to the Land Bill by several political parties, Prime Minister Narendra Modi on Friday asserted that land acquisition will not be allowed to become a "barrier" to growth or a "burden" for farmers.

SC upholds constitutional validity of Company Tribunals

Last Updated: Thursday, May 14, 2015, 23:26

The Supreme Court Thursday upheld the constitutional validity of provisions of the Companies Act of 2013 relating to setting up of National Company Law Tribunal and National Company Law Appellate Tribunal but struck down provisions which permitted inclusion of civil servants of the level of Joint Secretary as technical members.

Black money: Compliance window in the next 2-3 weeks

Last Updated: Thursday, May 14, 2015, 17:37

Under the new law, persons having unaccounted wealth will be given an opportunity through a compliance window to come clean by declaring their assets and pay penalty and tax of 60 percent.

Companies Law changes to improve ease of doing biz: ICAI

Last Updated: Thursday, May 14, 2015, 12:47

The fresh amendments to the Companies Law will go a long way in improving ease of doing business, chartered accountants' apex body ICAI has said.

Rajya Sabha approves changes in Companies Act to improve biz climate

Last Updated: Wednesday, May 13, 2015, 15:10

As many as 16 amendments were made to the Companies Act of 2013 which mainly deal with winding up of companies.

Tax dept not to take coercive action against FIIs on MAT dues

Last Updated: Friday, May 8, 2015, 19:55

A day after the government announced setting up a high-level panel under Law Commission Chairman A P Shah, the Finance Ministry has decided not to adopt coercive methods for recovery of MAT dues from foreign investors.

New York banking regulator grants first charter to bitcoin company

Last Updated: Friday, May 8, 2015, 00:06

ItBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State’s banking law, becoming the first virtual currency company to receive a charter in the state, according to New York’s Department of Financial Services.

Siemens healthcare unit probed by China regulator for bribery: Sources

Last Updated: Sunday, May 3, 2015, 10:39

China`s State Administration for Industry and Commerce (SAIC) accused Siemens and its dealers of having violated competition law by donating medical devices in return for agreements to exclusively buy the chemical reagents needed to run the machines from Siemens, the people said.