'Power is always transitory, and you should be the same person whether you have it or not,' the head of the number one law firm in India tells Pavan Lall.
'I don't think it is right to remove him over one lapse. The focus should be on restoring operations, not on removing a key management personnel.'
It is being suggested that apps, such as WhatsApp and Telegram, should share their APIs with each other to ensure there is interoperability, just as it exists across email services.
Finance Minister Nirmala Sitharaman on Tuesday met top officials of the finance and corporate affairs ministries to review the implementation of various announcements of the Union Budget FY24. "The finance minister underlined the importance of continuous assessment of progress to ensure that various announcements are implemented in a time-bound manner," the finance ministry said in a tweet. Sitharaman also discussed in detail various issues on the digital competition laws with Rajeev Chandrashekhar, the minister of state for entrepreneurship, skill development, electronics and technology.
The mediation between the warring co-managing partners of India's largest law firm Amarchand Mangaldas, brothers Cyril and Shardul Shroff, was accepted by the Bombay high court on Wednesday. According to the terms of the arbitral award, the brothers have agreed to 'split and bifurcate into separate entities independently carrying on the profession of law'.
The DCA has outsourced a record 17-18 inspections and is examining which other cases can be handled by outsiders under section 209 A of the Companies Act.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
'My biggest contribution is the creation of the first 'modern Indian law firm',' Cyril Shroff tells Sudipto Dey.
Cinema halls have been ordered to shut down in many cities after the COVID-19 scare, so films are being screened only at a limited number of cinemas.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
India doesn't have a data protection law or a dedicated law on cybersecurity. Also, there is no specialised law on privacy. Experts say this complicates the scenario for businesses as they continue to be liable for breach in client data even when employees work out of the home.
Experts share their views on the steps that will help businesses become GST-ready.
The panel suggests the government be authorised to raise the thresholds, which trigger applicability of Corporate Social Responsibility provisions.
HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.
The government has provided a long-term vision.
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