Succession laws in India will override the Companies Act in deciding a person’s right on property in cases where the deceased has left a nominee, the Supreme Court (SC) has ruled. “It is beyond … READ FULL STORY
SC to set up new bench to hear buyer grievances The Supreme Court will constitute a fresh bench to hear the plea of Amrapali Group homebuyers. The November 14, 2022, decision by the apex … READ FULL STORY
What is ROC? ROC full form is Registrar of Companies. It is an office established under the Ministry of Corporate Affairs. The ROC, under Section 609 of the Companies Act, vested with the primary … READ FULL STORY
The Karnataka state assembly, on September 20, 2021, passed an amendment to the Stamp Act, 1957, under which the state has reduced the stamp duty on properties priced between Rs 35 lakhs and Rs … READ FULL STORY
The Shahjahanabad Redevelopment Corporation (SRDC), Delhi, endorses the conservation of built and natural heritage in the national capital. With an aim to maintain these structures and cultivate a positive outlook in the city’s development … READ FULL STORY
The Indian Accounting Standard (Ind-AS) provides business entities in the country with a standardised format, to prepare and review financial statements. These rules, which were notified by the Corporate Affairs Ministry in 2015, also … READ FULL STORY
Corporate entities and their auditors in India are mandated by the law, to follow a standardised set of rules while preparing and reviewing financial statements. The main objective of this, is to remove variations … READ FULL STORY
Cracking the whip for their ‘lethargic indifference’, the Securities and Exchange Board of India (SEBI), on December 26, 2019, slapped a penalty of Rs 25 lakhs each on ICRA, CARE, and India Ratings & … READ FULL STORY
Senior advocate Rajiv Nayar, appearing for Indiabulls Housing Finance Ltd (IBHFL), on November 29, 2019, informed the Delhi High Court that the company was not being lent money by any bank, on the grounds … READ FULL STORY
Non-resident Indians (NRIs) have been a significant segment of investors, in the Indian real estate market. NRIs generally buy properties in India for investment purposes or out of their emotional connect with their country … READ FULL STORY
Holding Sahara Developers guilty for ‘deficiency of service’, apex consumer commission NCDRC has directed it to pay Rs 2 lakh as compensation for ‘mental agony and financial loss’ suffered by a homebuyer, along with … READ FULL STORY
The Supreme Court, on December 12, 2017, said that the National Company Law Tribunal (NCLT) should have taken its leave, before allowing the centre to take over the management of embattled realty firm Unitech … READ FULL STORY
