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LEGAL CONSEQUENCES FOR SIGNATORIES
Alert for CXOs and Directors: Acting as authorised signatory for a foreign company now requires PAN, address & more details under Income Tax Rules, 2026New Income Tax Rules, 2026 mandate that Indian employees acting as authorised signatories for foreign companies must now provide their PAN,...- SC rejects Prashant Bhushan’s PIL against ban on Israel; Asks whether India should stop oil imports from Russia due to Ukraine warThe Supreme Court has dismissed a PIL seeking to halt arms exports to Israel, stating it cannot interfere in foreign policy. The bench note...
- UK's Graduate Visa programs may stay, but Sunak plans crackdown on foreign education agentsUK Prime Minister Rishi Sunak is set to announce crackdown on agents marketing graduate visa schemes overseas, aiming to toughen migration ...
- Govt committed to keep aircraft lessors' confidence intact in Indian aviation marketThe Ministry of Civil Aviation in India has stated its commitment to reducing the risks faced by aircraft lessors in the country's aviation...
- Group of organisations write to MCA over concerns around impact of Digital Competition BillExperts told ET that a digital competition law could have far-reaching consequences, especially for big tech players operating in India's d...
- Farmers outfit, civil society caution government against joining IPEF trade pillarRaising concerns that India signing the pact would raise the cost of agricultural production, and lower the regulatory barriers to trade of...
- India should draw up its own blueprint for AI, say industry veterans, expertsThey believe the downstream effects of adopting technologies such as AI without essential due diligence and appropriate safeguards can caus...
- Ex-judges criticise Supreme Court's remarks against Nupur Sharma, term them as "indelible scar" on justice systemFormer IAS officers R S Gopalan and S Krishna Kumar, ambassador (retired) Niranjan Desai, former DGPs S P Vaid and B L Vohra, Lt Gen V K Ch...
- Cheque dishonor cases can't be filed or continued against firms facing insolvency proceedings: SCThe top court, however, did not extend the benefit of moratorium on judicial proceedings in cheque bounce cases to directors or signatories...
- One more country needs to submit their formal acceptance for the Doha Amendment to enter into forceA total of 144 signatory countries need to submit their formal acceptance of amendment for it to enter into force. The deadline for the ent...
- How and when the force majeure clause can protect financial contractsThe force majeure clause includes the phrase ‘act of god’ to mean situations that are uncontrolled by human intervention and could not have...
- Assam CM dashed a letter to Centre seeking to know if BPCL is privatized, NRL will go into the hands of private playerIn a statement the state government stated BPCL is the largest shareholder of NRL and if BPCL is privatized, NRL will go into the hands of ...
- Pakistan to issue notices to 1,500 Pakistani owners of properties in UK, UAEIn the second phase, another 500 people who have purchased properties in Dubai will be issued notices. These notices will be dispatched soo...
- Amendments to Prevention of Corruption Act may provide shield to beleaguered bankersBankers take many decisions to sanction loans for business entities under stress that can be construed as obtaining, pecuniary advantage fo...
- Companies fear RBI rule likely to rake up past violationsNew rule by the RBI requires firms to disclose foreign investments received over the years.
- Sterlite protest: Tuticorin villagers accuse Left outfit of inciting violenceHundreds of protesters had gone on the rampage on May 22, storming the collectorate, setting buildings and vehicles ablaze, and prompting p...
- EPFO targets companies giving low PF to international workersWhile for Indian citizens, an employer can cap the contribution to PF at Rs 1,800 a month, there is no cap for international workers.
- Air India pilots serve legal notice over omission from workmen categoryIndian Commercial Pilots Association has warned of dragging it to court and resorting to industrial action if the notification was not take...
- Black money: India fails to attend meet on combating tax evasionAt the meeting of the OECD, 51 countries signed the agreement to share financial data and boost efforts to crack down on tax evasion.
- Nasscom to assist in Upaid caseThe Delhi high court on Friday allowed a formal request (rogatory) sent by the Federal Court of Texas seeking judicial assistance from Nass...
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