Dear Friends, As you are aware that Central Government has made New Tax Regime as default tax regime. Though Old Tax Regime is still live, but you have to choose your tax regime and inform your employer at the beginning of financial year, so that your tax will be determined on the basis of Old Tax Regime. The Old Tax Regime is attractive because of deductions available on investments made in Go......

Dear Friends, The Central Government as implemented much awaited New Labour Codes on 21st November, 2025. These New Codes have subsumed 29 old labour laws, which became outdated and were not compatible with modern technology and business environment. The existing labour laws were cumbersome and post-independence laws. These laws were regressive and more pro-labour laws. The new codes have adopt......

Dear Friends, As you are aware that Digital Personal Data Protection Act, 2023 is the first enactment issued by Government to India to regulate and handle personal digital data of individuals. Earlier there was no specific regulation which regulate safety of personal digital data of individuals and their data are mis-utilized by data handlers for various types of sales and promotional activities.......

Dear Friends, Health insurance is supposed to provide peace of mind. You pay your premiums, follow the rules, and expect coverage when you fall sick. But due you know a clause quietly embedded by insurance companies in several retail health policies could leave policyholders exposed. That is the  “Material Change” clause, which requires policyholders to inform insurers about sign......

The Supreme Court emphasised that, in the context of motor accidents, the insurance policy’s primary purpose is to shield the owner or operator from direct liability when an unfortunate incident occurs.  Hon’ble  Court held that  insurance companies cannot deny compensation to accident victims solely because the vehicle involved deviated from its permitted route or viol......

National Insurance Company Ltd V Orion Conmerx Pvt Ltd 2025 Livelaw (Sc) 1047 Hon’ble  Supreme Court of India has held that the 2010 fire at Orion Conmerx Pvt. Ltd. was an “accidental fire” and directed National Insurance Company Ltd. to release the full compensation owed under the company’s fire policies. The Court dismissed the i......

Cause Title: Orion Conmerx Private Ltd. v. National Insurance Co. Ltd., (Neutral Citation: 2025 INSC 1271) The Apex Court Held That “the objective of the fire insurance policy is to restore the policyholder to the financial position before the loss”, further observed that “once it is established that the loss is due to fire and there is no allegation/finding of ......

Whether Insurance Companies are Making Profit by Rejecting Insurance Claims   Dear Friends, Insurance has become necessity for safe and secure living. The importance of insurance had been realized by many persons during COVID-19 calamity. Since cost of living is increasing day to day and one time hospitalization can wipe off all of your savings. So, it is important and necessary to hav......

New Tax Rules For NRIs Starting FY 2025-2026 Dear Friends, The Finance Minister announced several changes in the 2024 Union Budget that are intended to streamline and rationalize certain aspects of taxation, along with improving the ease of doing business in India.  Several of these measures apply to capital gains and income for all tax-filing entities and, hence, would apply to the 30 mil......

What are MCLR, Repo Rate, CRR & SLR in Banking System? Dear Friends, On various occasions , we have heard that RBI is going to increase or decrease  Repo Rate, have you ever thought ,what are these rates and in which way they will affect your cost of  loans and interest earning capacity. The move of RBI to increase or decrease in Repo Rate will create turbulence in the market. It i......

 K.R. Suresh V. R. Poornima, Civil Appeal No. 5822 of 2025 Supreme Court of India The Apex Court Held That Forfeiture of advance money as part of earnest money is justified only if terms of the contract are clear and explicit in that regard.  Brief Facts  One R. Poornima (Respondent No. 1 therein) acquired absolute title over a property situated at Hubl......

What is Tax Loss Harvesting & Why it is Important Today? Dear Friends, At last bubble of Indian Stock Market has burst and this leads to blood bath in the market. The stocks trading in the market , whether it is Small, Mid or Large Cap are trading earlier at high value and retail investors are eager to invest in these stocks without analysis and evaluation. Since the most effected category i......

Acute Daily Media Pvt. Ltd. and ors. vs. Rockman Advertising And Marketing (India) Ltd. and ors.  Company Appeal (AT) (Insolvency) No. 1480 of 2024 NCLAT ( New Delhi) Nclat Had Upheld The order dated 12.06.2024 passed by the Adjudicating Authority (NCLT, New Delhi, Bench-II), terminating the Corporate Insolvency Resolution Process (CIRP) against a corporate debtor, having ......

Union of India V. Alliage Engineering Private Limited ("Alliage")  LPA 1093/2024 & C.M.NOS.64550-64552/2024 In the High Court of Delhi at New Delhi Hon'ble High Court of Delhi Addressed the issue of whether a company's digital signature is required when a charge holder registers a charge under Section 78 of the Companies Act, 2013 ("the Act").  Please Note That ......

Dear Friends, Hon’ble Finance Minister, Mrs. Sitaraman has presented 8th Budget in a row and has become second Finance Minister after Shree  Moraraji Desai , who had presented 10th Union Budgets on different time frames. Mr Desai had presented a total of 6 budgets during his tenure as finance minister from 1959 to 1964, and 4 budgets between 1967 and 1969. The Union Budget was present......

RBI/2024-25/105 CEPD.CO.OBD.No.S1270/50-01-001/2024-25 January 17, 2025 Dear Friends, As you are aware that ,with development of information technology the way of servicing of customers by banks have been changed. Banks/ Financial Institutions are now utilising modern techniques and instruments to serve their customers. They are using internet , SMS, Voice Calls, Telecommunication instrument......

Dear Friends, Hon’ble Finance Minister, Mrs. Sitaraman has presented 8th Budget in a row and has become second Finance Minister after Shree  Moraraji Desai , who had presented 10th Union Budgets on different time frames. Mr Desai had presented a total of 6 budgets during his tenure as finance minister from 1959 to 1964, and 4 budgets between 1967 and 1969. The Union Budget was present......

Detection of Fraud The Auditor shall exercise professional judgment and maintain professional scepticism throughout the planning and performance of the audit to detect and report the fraud envisaged under the provisions of Section 143(12) of the Companies Act, 2013 read with Companies (Audit and Auditors) Rules, 2014. Here, professional scepticism means, an attitude that includes a questioning ......

Motor Insurance Frauds-Detection and Control  Dear Friends, As you are aware that, insurance companies are considered as a custodian of monies of their policyholders. A policyholder pays premium to insurance company with a hope that in case of financial loss, insurance company will indemnify him/her. An insurance company through insurance policies selling a promise to the policyholders that......

Query: Mrs. Bhawani, one of the directors in ABC Limited (Listed Entity) got evidence against Mrs. Gowri, Chief Financial Officer (CFO), that she is indulged in the revenue leakage activities in the Company. Mrs. Bhawani is scared to report the above matter since Mrs. Gowri is a very close relative of other Directors, and Mrs. Bhawani will not get adequate safeguards from the Company. Advise Mrs. ......