AMENDMENT ACT
Key amendments to IBC, companies law likely in winter session
MCA will amend IBC and Companies Act, 2013 to expedite resolutions, reduce compliance burdens, and broaden CSR norms in the winter session. Changes include creditor-led mechanisms, wider pre-pack resolution, and stronger audits. Real estate-specific IBC regime is unlikely. Timely resolutions crucial; 68% of insolvency cases exceed 9 months; corrected timing improves creditor recovery, says Veena Sivaramakrishnan.
TN amends Prohibition Act to enhance term, fine to eradicate illicit liquor menace
The ruling DMK amended the Tamil Nadu Prohibition Act, 1937, on Saturday to significantly increase the punishment and fines for offences related to the manufacture, possession, and sale of illicit liquor in a bid to safeguard lives. The Tamil Nadu Prohibition (Amendment) Act, 2024, aims to eradicate illicit liquor from the state and will take effect upon notification by the government.
Droupadi Murmu's address: Here's what President said on Nalanda University's new campus and CAA
The Modi government has ensured a dignified life for many families who suffered due to the Partition by granting them Indian nationality under the Citizenship Amendment Act (CAA), President Droupadi Murmu said on Thursday.Droupadi Murmu's address: Here's ...
Retro tax demand on online gaming companies may be quashed
As per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed, people familiar with the development said. The law committee has suggested amendment to the Central Goods and Services Tax (CGST) Act, 2017 via the introduction of a new Section 11A in the legislation.
INDIA not staking claim to form govt today does not mean it won't tomorrow: Mamata
West Bengal Chief Minister Mamata Banerjee said that the opposition INDIA bloc may not have claimed government today, but could do so in the future, emphasising a need for change and terming the BJP-led NDA government as weak and unstable. Banerjee stated that the country's mandate was against Narendra Modi, urging for a different prime minister. The TMC supremo also mentioned that her party will not attend the new government's swearing-in ceremony and will work towards repealing the Citizenship Amendment Act.
CCI proposes amendments to general rules, seeks stakeholder feedback
The Competition Commission of India (CCI) has proposed amendments to the General Regulations, 2009, following recent changes to the Competition Act. The changes, based on the Competition (Amendment) Act, 2023, aim to align the general regulations with the latest framework. The changes include the appointment of independent agencies to oversee the implementation of orders, maintaining confidentiality and avoiding conflicts of interest.
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Bill to raise legal marriage age to 21 for women lapses as 17th Lok Sabha dissolves
Citing provisions of law and Constitution, former Lok Sabha Secretary-General and Constitution expert P D T Acharya told PTI that with the dissolution of the 17th Lok Sabha, "the bill has now lapsed". The bill aimed to amend the Prohibition of Child Marriage Act, 2006 to increase the minimum age of marriage of females to 21 years.
Govt starts granting citizenship under CAA in West Bengal, Haryana, Uttarakhand
The first set of citizenship certificates after the notification of the Citizenship (Amendment) Rules, 2024, granted by the Empowered Committee, Delhi, were handed over to the applicants in New Delhi by the Union Home Secretary on May 15.
INDIA bloc will repeal the anti-people laws brought by BJP govt: Shashi Tharoor
Congress leader Shashi Tharoor on Tuesday here said the INDIA bloc, if it comes to power, will repeal the amendments made to the anti-terror law UAPA and references to religion in the law meant to grant citizenship to the refugees. There is no need for such a law which does not give a person even a chance to prove his innocence, he said, referring to the Unlawful Activities (Prevention) Act.
CAA will have no negative socio-economic impact on people, says Tripura BJP chief
Tripura BJP state President Rajib Bhattacharjee defended the Citizenship Amendment Act (CAA), stating that its implementation would not negatively affect the country's socio-economic conditions. He emphasized that the CAA's cut-off date for eligibility, set in 2014, ensures minimal impact, dismissing opposition claims as baseless. Bhattacharjee clarified that the CAA excludes areas under the sixth schedule and those under the Inner Line Permit system, allaying fears in tribal areas. He urged opposition parties to refrain from spreading misinformation and praised PM Narendra Modi for enacting the CAA to protect cultural and religious identities.
Congress will defuse nuclear weapons if elected: PM Narendra Modi
Prime Minister Narendra Modi accuses Congress of planning to revoke India's nuclear weapons, restore Article 370, and annul Citizenship Amendment Act. He also criticizes Congress for appeasement politics and attacks on Kangana Ranaut during election campaign.
Mamata Banerjee compromising national security for sake of vote-bank politics: Amit Shah
Union Home Minister Amit Shah accused West Bengal Chief Minister Mamata Banerjee of compromising national security for vote-bank politics and "committing a sin" by allowing infiltrators to change the state's demography. He argued that the Trinamool Congress will disintegrate, leading to the Mamata Banerjee government's "farewell" after the BJP wins 30 Lok Sabha seats in the state.
INDIA bloc parties will undo work done by Modi, claims PM in Uttar Pradesh's Shravasti
Prime Minister Narendra Modi accused the opposition of uniting against him and his work during an election rally in Uttar Pradesh. Modi warned that Congress leader Rahul Gandhi and SP president Akhilesh Yadav would undo his progress if elected. He alleged that the opposition would reverse his policies, cancel the Citizenship (Amendment) Act, and revive Article 370 in Kashmir.
Arvind Kejriwal slams 'arrogant' Amit Shah for calling AAP supporters 'Pakistanis'
Delhi Chief Minister Arvind Kejriwal criticized Home Minister Amit Shah for calling Aam Aadmi Party's supporters Pakistanis. Kejriwal questioned Amit Shah's statement, asserting support from across India. He countered Shah's claim of no Indian support for him and Rahul Gandhi. Kejriwal predicted BJP's defeat in the ongoing Lok Sabha elections.
Congress leaders acting as Pakistan spokespersons, promoting vote jihad: PM
Prime Minister Narendra Modi addressed a BJP rally in North-East Delhi, highlighting the Citizenship Amendment Act (CAA) and accusing protesters of blocking roads and inciting riots. He criticized the INDI Alliance for allegedly promoting appeasement politics and corruption. Modi also targeted the AAP government in Delhi, accusing its leaders of corruption. He further criticized Congress, accusing it of acting as Pakistan's spokesperson and promoting "vote jihad." Modi assured that India will not be intimidated by Pakistan's atom bomb and emphasized his government's strong stance against Pakistan.
BJP government in Tripura is preparing to implement CAA: CM Manik Saha
A six-member state-level empowered committee with the Director of Census Operations as its chairman was formed in Tripura recently to grant citizenship under the CAA. A senior officer in Tripura said that district-level committees headed by the District Magistrates of all the eight districts were also formed accordingly.
JP Nadda attacks Mamata Banerjee over vote bank politics
BJP President Nadda criticized Mamata Banerjee for 'vote bank politics' and sheltering infiltrators, highlighting the Sandeshkhali incident. He accused Shahjahan of atrocities on women and criticized Mamata for misinformation about CAA. Nadda also slammed TMC for protecting infiltrators and highlighted the tensions in West Bengal.
More than 350 people become Indian nationals under CAA
Over 350 individuals were granted Indian citizenship through CAA, 2019, with Amit Shah acknowledging 25,000+ applications. The process involved the Election Commission of India (ECI) and district-level committees (DLC) chaired by senior superintendents.
MHA issues first set of citizenship certificates under CAA
The Ministry of Home Affairs issued the first batch of citizenship certificates to 14 individuals in Delhi following the notification of the Citizenship (Amendment) Rules in March. Union Home Minister Amit Shah emphasized the significance of the Citizenship Amendment Act (CAA), labeling it as "the country's law." Home Secretary Ajay Kumar Bhalla personally handed out the certificates in New Delhi and highlighted key aspects of the new rules.
"CAA a dangerous conspiracy, no problem if made unconditional": Mamata Banerjee
"We don't agree with CAA. If they make it unconditional I do not have a problem with that. Earlier state governments used to give citizenship, DMs used to give citizenship when needed. If anyone stays in America for 10 years they will get a green card. Why are you making such a law? So this is a dangerous conspiracy," the Chief Minister said while campaigning at Bangaon in West Bengal's North 24 Parganas district on Monday.
Delhi govt cleared proposal to increase pecuniary jurisdiction of civil courts, HC told
Delhi govt approved raising pecuniary jurisdiction of civil courts to Rs 20 lakh, pending Centre's amendment. Amit Sahni plea on hold since high court decision. Request to increase appellate jurisdiction for district judges.
This election is for protecting Bengal's culture, says PM Modi
Modi alleged there was no freedom of expression under the TMC rule in West Bengal. He claimed that even if someone jocularly shares a post on social media, that person is not spared. It has become a crime to take the name of Ram Mandir in TMC-ruled Bengal, he alleged.
Mamata was silent as women in Sandeshkhali were tortured on basis of religion: Amit Shah
Amit Shah accuses Mamata Banerjee of silence on Sandeshkhali abuse, vows to punish culprits. Criticizes her for CAA stance and corruption. High court orders CBI probe into the matter.
Rift among INDIA bloc partners triggers three-cornered intense contests across Bengal
The rift between the Congress-Left combine and the TMC, fighting separately, has intensified as the final five phases of polls draw closer. Local issues such as corruption allegations, the cancellation of School Service Commission (SSC) jobs, incidents in Sandeshkhali, and implementation of the Citizenship Amendment Act (CAA) are altering election dynamics in West Bengal. The Left-Congress alliance is fast gaining traction in several seats, turning the polls into a three-cornered contest in at least 18-20 LS segments.
Serum Institute of India challenges tax amendment in SC; claims capital subsidies as non-taxable
Vaccine manufacturer Serum Institute of India (SSI) has filed a challenge to the Supreme Court against a 2016 amendment to the Income Tax Act that made subsidies, grants, waivers, concessions, or reimbursements by the Centre or states or incentives in cash or kind as taxable. The amendment had inserted sub-clause (xviii) to Section 2(24), which defines taxable "income". The case was filed under the Package Scheme of Incentives-2013, which provided various incentives to major industries for five years.
Lok Sabha Elections 2024: Eight candidates, but only two women in main fight
Goswami who joined Congress in 2019 quitting BJP following the protest Citizenship Amendment Act (CAA) stated that this election is a fight to save the Constitution and democracy. She said that the BJP led government has brought CAA to settle Hindu Bangladeshi from Bangladesh which is dangerous for landless people of Assam affected by flood and erosion are demanding land however they are yet to get rehabilitation.
Centre may allow companies a bigger CSR canvas to paint on
Section 135 of Companies Act requires firms of a certain size to spend every year at least 2% of average net profits of previous three financial years on stipulated CSR activities. Failure to do so will make a company liable to pay a penalty twice the unspent amount, or ₹1 crore, whichever is less. Even every officer of a company who is in default is also liable to a maximum penalty of ₹2 lakh.
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