Category: Blog
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MAT and the Finance Act: Is it justifiable to impose MAT on SEZs?
By Sudipta Bhowmick, KIIT School Of Law, Bhubaneswar. Introduction: How MAT was stretched out? The Concept of Minimum Alternate Tax (MAT) was introduced for the first time in the annual year 1988-89 under Section 115J of Income Tax Act,1961 to tax big corporate groups which had become Zero Tax companies. This section provided for levy…
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Constitutional Amendment Bill, 2014: GST
By Poonam Bera, Army Institute of Law, Mohali. After a prolonged delay, Goods and Service Tax (122nd Constitutional Amendment) Bill, 2014 has introduced in lower house of parliament on 19th December, 2014. It is regarded as one of the biggest tax reforms since 1947 and is targeted to be implemented by April 2016[i]. GST regime…
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Good Governance: The Present Scenario
By Anjali Rawat, RMLNLU, Lucknow. Recently the term good governance has been getting much coverage in news channels and newspapers. The reason behind it is the declaration of 25th December as Good Governance Day by the Indian Government. Well, even though the attention towards this term is new but the concept of governance is not…
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Cyber Law: An Overview
By Sagarika Chandel, KIIT School of Law, Bhubaneswar. “The modern thief can steal more with a computer than with a gun. Tomorrow’s terrorist may be able to do more damage with a keyboard than a bomb”. -National Research Council, USA “Computers at Risk” (1991) Internet in India has been ever growing at a fast pace…
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The Consumer Protection (Amendment) Bill, 2011 and ‘Make in India’ Vision
By Sanya Darakhshan Kishwar, Central University of Bihar, Gaya. A consumer is one who makes the flow of business smooth if he is satisfied to the fullest, but if a consumer has grievances, it is the duty of the government to look after the same. Lately the Modi Government has been striving hard to work…
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The Companies (Amendment) Bill, 2014
By Sudipta Bhowmick, KIIT School Of Law, Bhubaneswar. The new Companies Act, 2013 has been operationalized for only nine months, yet a new Companies Amendment Bill, 2014 has been passed by the Lower House on 17th December, 2014 to ‘ease the doing of business’. After the Companies Act, 1956, it took 57 years to replace…
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Should Astrology based TV Shows be Banned?
By Ahona Chakrabarty, KIIT School Of Law, Bhubaneswar. Astrology is based on the belief that astronomical phenomenon are related and affects or controls phenomenon of the human world. Various civilizations have developed several systems for predicting terrestrial events from celestial observations. In the West, astrology most often consists of a system of horoscopes purporting to explain aspects…
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Piercing of Corporate Veil
By Palak Pathak. Piercing the corporate veil describes a legal decision to treat the rights or duties of a corporation as the rights or liabilities of its shareholders or directors. Usually a corporation is treated as a separate legal person, who is solely responsible for the debts it incurs and the sole beneficiary of the…
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Criminal Defamation: Need for a paradigm shift
By Anjali Rawat, RMLNLU, Lucknow. Defamation generally can be defined as publication of a statement which lowers or deteriorates the reputation of an individual in the eyes of the society which results in bad treatment of that individual by the members of society in ways such as avoiding or shunning. Defamation is of two types-…
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SEBI steals a march on Sahara
By Swatilekha Chakraborty, Symbiosis Law School,Pune. Remarkable role of SEBI in the SEBI Sahara legal dispute The role of SEBI as an investor protection agency is truly a remarkable. The jurisdiction granted to it under Sec. 55A of the Companies Act and Sec. 11 of the SEBI Act had been contended by Sahara, and was negated by…