ALMT LEGAL
Facing parking space manipulation by the builder? MahaRERA empowers home buyers against the defaulting promoters
MahaRERA: Now flat buyers don't have to worry about parking space inside the flat, as MahaRERA has passed a order mandating parking space to be accurately communicated in both allotment letter and sale agreement. Read here to know more about the parking order by MahaRERA and how it will help you.
Tax free settlement of family assets: How Godrej like family arrangement can help in redistribution of wealth among members without capital gain tax
The Supreme Court of India permits re-distribution of wealth using family arrangement among the members of the family. Further using this method eliminates the possibility of the family memebers paying any capital gains tax. The Godrej family recenlty used this process. Read here to know how you too can use family arrangement process.
Mother's Day gift: Can credit card be a good gift to your mother especially when she is not earning?
Mother's day: This mother's day give her the gift of financial freedom by by taking out a credit card and giving to her. A credit card will be useful for her in many situations like in case of emergencies, household shopping, etc. A credit card will also help a non-working mother by giving her better autonomy.
Taxpayer is entitled to claim benefit of exempted income in revised ITR if it is filed within the deadline
Income tax return: The Supreme Court of India has refused to accept a petition wherein the tax department's assessing officer (AO) contested that a individual be denied the benefit of exempted income which he claimed by filing a revised ITR. The reason behind this denial was that the AO received information from 'entry operators'.
Indian exporters revisit pacts amid disruption at high sea
Indian exporters seek legal advice after attacks by Houthi rebels and Somali pirates. They revise contracts, opting for DAP and FOB terms, amid disruptions in container shipping lines due to Red Sea crisis.
A split story: Silver separation gains momentum as older couples approach lawyers for divorce advice
Several lawyers told ET, on the condition they would not reveal the identity of their clients, that there is a new trend of "silver separation", with couples in their late 50s to 70s, mostly in metros, reaching out to them seeking advice for the purpose of divorce.
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Divorces among professionals zoom amid pandemic gloom
The rising stress levels post pandemic, increased tension on home front, and lowering of tolerance threshold for many amid anxiety and uncertainty is leading to a boom in the number of divorce cases among working professionals in the country, say lawyers and mental health experts ET spoke to.
Law firms go for bigger, smarter office spaces as business grows
The firms are on the lookout for buildings that offer better connectivity, multifunctional spaces, collaborative environment, good recreational and rest areas that have open spaces, according to property consultants and law firms.
As mortality grips lives, more people are now willing to make a will
Leading legal firms and lawyers are seeing a sharp rise in consultation on writing/revisiting wills and estate planning. Not only mortality, but business losses and market meltdown are pushing the wealthy to make sure that their near and dear ones are taken care off.
Covid-19 is the X factor in legal battle between wealthy exes
Before the world knew Covid, an ex-partner of a wealthy person wouldn’t budge from a Rs 100 crore settlement claim, a lawyer said. But post-crisis and economic bad news all round, the claim came down to mere Rs 55 crore, with some artwork and a nice car thrown in — and the divorced couple separated happily ever after.
Seven firms in race for Air India sale advisor
The govt has 'in-principle' decided to disinvest the AI group as a whole or its constituents fully or part thereof through the strategic sale with transfer of management control.
Vijay Mallya can't hold out longer, to be arrested once in India: Aliff Fazelbhoy, ALMT Legal
If he does not come, then you know once he comes and he is arrested his bail chances will keep getting reduced further and further the longer he defies, says Aliff Fazelbhoy, ALMT Legal.
Delhi HC rejecting RBI objection to Tata-DoCoMo deal sends right signals,: Aliff Fazelbhoy, ALMT Legal
The RBI should send a circular in cases of genuine disputes, says Fazelbhoy
Tatas-Cyrus Mistry fighting a media battle: Hitesh Jain, ALMT Legal
“Both the Tatas and Cyrus Mistry are providing clarification and explanations to the public at large.”
830 sites to be blocked to prevent online piracy of 'A Flying Jatt': Madras HC
The producer had moved the HC for a 'John Doe' order against known, unknown persons who may illegally host content of the movie.
UFO Moviez sues 20 cinema operators for breach of contract
The traditional cinema operators, however, argued that the Mumbai-headquartered firm is indulging in pressure tactics by forcing one sided agreements and lawsuits, which UFO Moviez has denied.
Vijay Mallya declared proclaimed offender by PMLA court
The agency has told the court about the status of investigations in the case and the need to get Mallya join the probe.
Non-bailable warrant against Vijay Mallya in IDBI fraud case
The Enforcement Directorate, the finance ministry wing that probes money laundering, had summoned him thrice for testifying in the case.
What is leading to the growing number of divorces in Mumbai?
In 2014, till March 31, 454 couples have already decided to get separate through legal process.
Maggi controversy: ICICI Lombard may have to pay Nestle Rs 150 crore
The food giant has not taken the product liability cover, which would have taken care of loss arising out of recalling the products.
Lawyers defend celebrities endorsing Maggi, fault Nestle for excessive lead
While many states have tested or are testing the product, legal experts say those who endorsed the brand, should not be held responsible.
US retail investors seek SEC nod to invest in Indian companies via unsponsored ADRs
Unsponsored ADRs are offshore securities, created by foreign depositories on underlying Indian stock without any consent from the Indian company.
Budget 2014: Government to set up additional six new debt recovery tribunals
The net non performing assets of commercial banks constitute around 4% of the total loan book for 2013-14 against 3.6% a year ago.
Infosys introduces onsite rotation policy for employees
Infosys has introduced an onsite rotation policy for employees and set an upper limit of 18 months on the duration that employees can stay in overseas locations when they go for client-specific work.
Five merchant bankers in race for EIL disinvestment
Five merchant bankers are in race to manage 10 per cent stake sale in Engineers India Ltd which could fetch the government about Rs 625 crore.
Indian IT companies will pay extra due to US immigration bill
The Indian entities are likely to be compelled to hire many more people locally. Some say it could change the outsourcing model.
Government may disinvest 10 per cent equity in NMDC this week
At present, the government holds 90% stake in NMDC. As of March 31, 2012, the state-owned iron ore miner had a paid-up equity capital of Rs 396.47 crore.
Patent war: Indian drug firms hike legal expense to take on global peers
The domestic pharma industry has spent 1,963 crore on legal cases and opinions so far this fiscal, a 21% increase over last year.
NMDC disinvestment likely by mid-Dec, to garner Rs 7,500 crore
The Finance Ministry said it is looking at divesting stakes in three PSUs-- Hindustan Copper, NMDC and Oil India, which may fetch Rs 12,000 crore.
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