UPRERA imposes fine on 14 Promoters over non-compliance of its order

UPRERA has imposed a cumulative penalty of over Rs 1.93 crore to 14 promoters over non-compliance of its orders under Section 63 of the RERA Act.

Corporate Social Responsibility Mandates in India: A Legal Overview

Corporate Social Responsibility (“CSR”) has become an integral part of corporate governance globally, and India is no exception. With the enactment of the Companies Act, 2013, India introduced mandatory CSR provisions, making it one of the few countries to legally mandate CSR spending for certain companies. This article provides an overview of CSR mandates in … Continue reading “Corporate Social Responsibility Mandates in India: A Legal Overview”

Sahara India Case in Light of New SEBI Circular: A Paradigm Shift in Market Regulation

The Sahara India case has long been a focal point in India’s financial landscape, marking a complex legal saga that traversed regulatory, judicial, and public spheres. Now, against the backdrop of a new circular issued by the Securities and Exchange Board of India (SEBI), the ramifications of this landmark case are being revisited, offering insights … Continue reading “Sahara India Case in Light of New SEBI Circular: A Paradigm Shift in Market Regulation”

Navigating the Impact: Unravelling the Dynamics of the Digital Personal Data Protection Act 2023 on Modern Businesses

The advent of the Digital Personal Data Protection Act 2023 (DPDPA) marks a pivotal transformation in the realm of data management, exerting a substantial influence on enterprises and their day-to-day functioning.

Legal Remedies for Removal of Disqualification of Directors

As per the provisions mentioned in the Companies Act 2013, a director of a company can be disqualified for five years from the directorship of his/her company and also banned from joining any other organization as a director if his/her current organization fails to submit their financial statement for three years consecutively.

Important compliances for private limited company

It is often said that one major disadvantage of a company structure is that there are more compliances. The cost of non-compliance is always more than the cost of compliance.

Section 8 of RERA: Obligation of Authority consequent upon the lapse of or on the revocation of registration.

Section 8 of the RERA is an essential clause that guarantees the protection of homebuyers’ interests in the event that the registration of a real estate project is canceled or expires.