Article blog of AMLEGALS which focuses on legal updates and latest changes in Goods & Services Tax in India  GST, Service Tax, Excise & Case Laws, IPR- Patents, Trademark, Copyright,Contract Laws, Corporate Laws , Arbitration  etc.

Blog on Legal Updates in Indirect Taxes(GST), Arbitration, Corporate Laws

Latest Update On Legal Changes 


We update on recent case laws of Supreme Court of India, High Courts of India, Tribunals & various Authorities on our law firm’s website i.e  amlegals.com .



201803.31
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Foreign Exchange Management (Cross Border Merger) Regulations, 2018

Cross Border Merger Regulations Enacted – A Boost to Foreign Investment in India   INTRODUCTION The Reserve Bank of India has finally enacted the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 vide notification No. FEMA 389/2018-RB dated 20th March 2018. Before the Foreign Exchange Management (Cross Border Merger) Regulations, 2018 coming into force, the…

201803.21
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IBC – A Savior for Employees

   IBC – A Savior for Employees The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as “Code”) provides that all the employees and workmen must be considered within the meaning of the operational creditors as defined under Section 5 (20) of the IB Code which states that: “”Operational creditor” means a person to whom…

201803.15
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Companies Act Vs Limitation Act

BENGAL CHEMIST AND DRUGGISTS ASSN. vs KALYAN CHOWDHURY In the Supreme Court of India, Civil Appeal No. 684 of 2018 RATIO 1: Section 421(3) of the Companies Act, 2013 is peremptory in nature. RATIO 2: Under Section 433 of the Companies Act, 2013 the provisions of the Limitation Act shall not apply”.   BRIEF FACTS:…

201802.06
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Highlights of Union Budget 2018 – 2019

Highlights of Union Budget 2018 – 2019 IMPACT ON TAX REGIME INCOME TAX No change is proposed in personal income tax rates. Presumptive income schemes are liberalized for small businesses with turnover below Rs. 2 Crore and for professionals with income below Rs. 50 lakh per annum. In order to boost the MSME Sector, the…

201801.04
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New Cheque Bounce Provisions- 143A & 148

New Cheque Bounce Provisions- 143A & 148 The Negotiable Instruments (Amendment) Bill was put forth before the Lok Sabha by the Finance Minister on January 2, 2018. AIM- It aims to meet the following : reducing the undue delay in the cheque dishonor cases and, provision for payment of interim compensation to the complainants. OBJECT – Ease of…

201801.04
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GST intelligence in 2018 – IDT, Finance, Management

GST intelligence in 2018 – IDT, Finance, Management I must share certain pathetic situations of corporates which i came across while rendering ex- parte counsel opinions in last 5-6 months on certain already implemented process of GST in different organisations including anti – profiteering on regular basis. Peculiar Transition- I found experiments and typical thought…

201712.23
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Essential Criteria For Financial Creditor Under IBC

Essential Criteria For Financial Creditor Under IBC In NIKHIL MEHTA AND SONS V. AMR INFRASTRUCTURE LTD. C.A. (I.B.) No. 543/KB/2017 arising out of C.P. (I.B.)/170/KB/2017 The NCLAT laid down essential criteria’s to be fulfilled for a Creditor to come within the meaning of ‘Financial Creditor’:- i.A person to whom a ‘Financial debt’ is owed and…

201712.14
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Promoter v. Co-Promoter In RERA

by in RERA

Promoter v. Co-Promoter in RERA                                      Maharashtra Real Estate Regulatory Authority  The Maharashtra Real Estate Regulatory Authority has, by its Circular Nos. 12/2017 and 13/2017 dated 4th December, 2017, replaced its previous Order dated 11th May, 2017 wherein the Regulatory Authority had defined the term “Co-Promoter” of a Real Estate Project. Definition of Co-Promoter under…