INDIA-Indian Law Firms Develop New Practices To Keep Up With India Inc
India law firms are coming up with new practice areas from forensic to artificial intelligence (AI) and from blockchain to defense advisory. The new practice will keep pace with the evolving nature of businesses and the attendant changes in law. Jaipur-based law firm Capstone Legal tied up with Washington tech-firm Knovos to develop the electronic discovery (E-discovery). This refers to the discovery in legal proceedings such as litigation and government investigations enabling information in electronic format.
INDIA-CBDT Has Issued A Final Notification On Tax Exemption
Six months after issuing draft notification, the Central Board of Direct Taxes (CBDT) has issued a final notification specifying the modes of acquisition. The Finance Act, 2018, has withdrawn an exemption of the Income Tax Act, on a long-term capital gain (LTCG) arising from the transfer of listed equity shares of an equity oriented fund. The act has also introduced the tax on capital gains exceeding US$1500 at the rate of 10%.
INDIA- The State Govt Appoints Amarchand Mangaldas As Its Legal Consultant
The State Government has appointed Amarchand Mangaldas as its legal consultancy to help form a consortium which can participate in the bid for Trivandrum International Airport. The government decided to participate in the bid invited by Airport Authority of India (AAI) for leasing out the airport because they did not want it to remain privatized. The government is giving out full support to airport development.
INDIA- Widow`s Social Security Plea Rejected By Rajya Sabha
Rajya Sabha has rejected a private member`s resolution which sought a suitable legislation for the welfare of widows in the country. The resolution was moved by DMK leader Tiruchi Siva following a division of votes. Siva said that the benefits of social security available for widow`s in the country are insufficient. He noted that the five Crore widows in the country have been discriminated and should be given social security benefits.
INDIA- Court Approves Companies (Amendment) Bill
Lok Sabha has passed the Companies (Amendment) bill, 2018 which seeks to improve ease of doing business, declog the NCLT and prescribe strong action against non-compliant companies. The bill was passed with a voice vote after amendments from the minister of state for corporate affairs P.P Chaundary. The government in 2018 had promulgated an ordinance to amend the companies’ law. The committee also recommended disqualification of directors in case they have directorships beyond permissible limits.
INDIA- CBIC Introduces New Taxes For Cars Over Rs 10lakh
The Central Board of Direct Taxes (CBIC) has introduced an order that seeks to charge individuals buying cars priced at Rs.10 lakh and above. The extra amount is directed towards Goods and Services Tax(GST).Customers are required to pay GST on both invoice value in addition to tax collected at source(TCS) under income tax rules.
INDIA- Ericsson Wants Supreme Court To Detain Anil Ambani And Two Others
Ericsson India Pvt moved the Supreme Court seeking initiation of contempt proceedings for the second time against Chairman of Reliance Communication Ltd (RCom) for allegedly not complying with its order to clear dues of Rs 550 crore. Ericsson wants them detained in civil prison unless they make the payment. The company also needs Ambani Reliance Telecom Ltd chairman and chairperson of Reliance Infratel Ltd Chhaya not to leave the country.
INDIA- A Total Of 11,052 Children In Conflict With Law Living In 364 Observation And Special Homes
The Minister for state for the women and Child Development Ministry, Virendra Kumar, said that the Juvenile Justice Board has to conduct at least one inspection visit every month of residential facilities for children in conflict with the law and recommend action for improvement in quality of services to the District Protection Unit and state government.
INDIA- NCLAT Gives A Directive To NCLT To Expedite Insolvency Case
The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of the National Company Law Tribunal (NCLT) to expedite the insolvency case that was filed against Essar Steel. Essar Steel owes over 49,000 crore to over two dozen banks led by state bank of India. Lawyers have appealed to the appellate tribunal to direct NCLT to pass an order under section 31 of the Insolvency and Bankruptcy Code (IBC).
INDIA-Supreme Court Revives Case Against Nestle India For Allegedly Selling Lead-laced Maggi
The Supreme Court has once again revived the Centre`s Rs 640-crore class action suit, lying dormant for over three years in the national consumer forum against Nestle India for allegedly selling lead-laced Maggi. The food safety Standards and safety authority had banned the sale of Maggi saying that it contained harmful monosodium glutamate (MSG) and excess lead.
INDIA- The 35 Year Old Case Has Been Pulled Up By The Supreme Court
The Supreme Court has pulled up the CBI for its failure to produce a witness before the lower court in a 1983 case and said that facing trial for over three decades was in itself a `punishment` for a person. The CBI`S counsel said that examination of a prosecution witness, hand writing expert, was crucial for the case.
INDIA-The Madras High Court On Friday Stayed The Rules Notified By CCI
The Madras High Court stayed the rules notified by the Competition Commission of India barring advocates from interacting with persons summoned by it during hearings and providing for debar of counsels from future appearances. According to the rules, an advocate can accompany any person summoned by the commission director-general with condition that they submit a written request accompanied by a `Vakalatnama` or power of attorney.
INDIA-Supreme Court Rejects Plea Of Hizbul Who Is Seeking An Appeal In Terror Funding Case
The Supreme Court rejected the plea of Syed Shahid Yousuf Son of Hizbul founder and a `specially designated global terrorist` Syed Salauddin. Syed`s plea challenged Delhi high Court order which dismissed his bail petition in a terror funding case. Justices said that the trial court and the Delhi High Court `have applied their mind` and hence there was no illegality in the decision.
INDIA- Sad News As Former HC Justice Dies At 91
Former Justice of the Bombay High Court Chandrashekar Dharmadhikari died at a private hospital in Maharashtra where he was receiving treatment. Justice Dharmadhikari was not keeping well and was admitted due to cardiac arrest on Wednesday where he succumbed to dead. Dharmadhikari was 91years old .He served as an advocate of the Nagpur bench of the high court in 1956 and was later promoted as the Judge of the Bombay Court.
INDIA-Pregnant Woman Gets Infected During Blood Transfusion-HC Orders Compensation
The Madurai bench of the HC sought a report from the state Health Secretary on a PIL seeking a direction for better treatment and compensation for the pregnant who contracted HIV owing to the negligence during blood transfusion. The blood of the HIV-infected teenager was transfused to the pregnant woman against the law. The bench of justices directed the secretary to file a report to be heard on January 22.
USA-US Travel Advisory After China Detains Two Of US Citizens
The US states department has issued travel advisory to all citizens travelling to China after a spate of high profile detentions. Citizens are advised to use their passport with valid China Visa. They should ask officials to notify the US embassy immediately if they are detained or arrested. US-Chinese nationals are at a particular risk from the so-called exit bans that prevent them from leaving.
USA-Heavy Fines To Be Imposed On Adults Who Allow Minors To Drink Alcohol
At the new year`s eve, police busted a drinking party in Jackson Township where at least nine people were arrested under the age of 21.The culprits were charged with corruption of the minors, endangering the welfare of the children and selling or furnishing liquor to minors. Other rules formed in Pennsylvania include; Alcohol not to be sold to persons under 21 years old., Parents who let minors drink alcohol to be penalized and pay up to $1000 for first violation.
CANADA- Ontario`s New Distracted Driving Law Targets The Minorities
Tougher penalties for texting and driving in the province has come into effect on January 1. All drivers caught talking, texting, dialing or e-mailing on handheld devices can now be fined up-to $1,000.But there are concerns that the law could allow police to target specific groups over others. The Civil liberty Advocates warn that Ontario`s new distracted law could affect racial minorities.
USA- Payment For Surrogacy Accepted In US But Canadian Laws Are Different
Kim Karsashian and Kaanye West are expecting their fourth child. The couple already have three kids. Kardashian carried the two babies, but she suffered life-threatening complications. Surrogacy is allowed in California where the couple comes from and therefore anyone can hire a surrogate. Unlike in the United States, it’s illegal to pay for surrogacy in Canada. Paying a surrogate may land you a 10-year jail.
IRELAND-Ireland`s Prime Minister Too Committed To Own UK Legal Business-Brexit
Irelands Prime Minister has said that the country is exploring how to take legal business from the UK after Brexit. The prime minister has a plan for partnership of the legal representative bodies to exploit the UK`S departure from the EU. At the first New Year meeting, he said that ministers have decided to prepare Brexit legislation in detail over the next two weeks.
ISRAEL- New Laws To Make Cigarette Boxes Ugly And Unattractive
Israel is following in the footsteps of other countries that have decide to make cigarette labels as unattractive as possible in a push to curb smoking rates .The standardized labeling known as the `plain packaging` also limits brand awareness by nixing company logos and putting the products name in small font, while adding larger warnings and often graphic imagery that takes up majority of the package.
SAUDI ARABIA-Netflix Faces Criticism For Removing Comedian`s Episode
Netflix faced criticism from the human rights groups for pulling an episode in Saudi Arabia of Comedian Hasan Minhaj`s Patriot Act` series that criticized the kingdom`s powerful crown prince. The episode was removed from the kingdom as a result of legal request from the authorities and not the content. Human rights group amnesty international said that Saudi Arabia`s censorship of Netflix is `further proof of a rent less crackdown on freedom of expression. `
THAILAND-Reason Behind Deaths On Thailand Roads
One of the biggest obstacles to safer roads is poor enforcement of traffic rules. The interior ministry`s Road Safety Thailand unit said that majority of deaths were caused by drunk driving and over speeding. Another cause of deaths is poor or damaged roads. Road safety is an issue that does not receive anywhere near the attention it deserves-and is really one of our great opportunities to save lives around the world.