EPF dues from a company under liquidation has to get priority – SC

EPF dues from a company under liquidation has to get priority – SC Posted: 10 Nov 2011 07:46 PM PST Employees Provident Fund Commissioner Vs. O.L. of Esskay Pharmaceuticals Limited (Supreme Court) In terms of Section 530(1), all revenues, taxes, cesses and rates due from the company to the Central or State Government or to a local authority, all... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Director can't be held liable for all wrongs in a company – Supreme Court Posted: 10 Nov 2011 07:41 PM PST Mrs. Anita Malhotra Vs. Apparel Export Promotion Council & ANR. (Supreme Court) -In case of a Director, complaint should specifically spell out how and in what manner the Director was in charge of or was responsible to the accused Company for... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Arbitral Proceeding can be initiated even after accepting payment on the preparation of the final bill Posted: 10 Nov 2011 06:24 PM PST Durga Charan Rautray Versus State of Orissa & Anr. (Supreme Court) - The appellant, while accepting payment on the preparation of the final bill, did not undertake that he would not raise any further claims. As such, we are satisfied that the... [[ This is a content summary only. Visit www.taxguru.in for full article ]] S&P upgrades rating of Indian Banking sector : Differ with Moody downgrade Posted: 10 Nov 2011 08:46 AM PST Differing with the downgrade accorded by Moody's, leading ratings agency Standard & Poor's (S&P) has upgraded the Indian banking sector saying its domestic regulations are in line with international standards. [[ This is a content summary only. Visit www.taxguru.in for full article ]] Amendment in Employees' Pension Scheme, 1995 and in Employees' Deposit Linked Insurance Scheme, 1976 for submission of E-returns Posted: 10 Nov 2011 08:39 AM PST Amendment in Employees' Pension Scheme, 1995 and in Employees' Deposit Linked Insurance Scheme, 1976 for submission of E-returns - HO No. Coord./40(1)2011/claim settlement/33462 dated 04/11/2011 [[ This is a content summary only. Visit www.taxguru.in for full article ]] Regulation 8(4) and (5) of Regulation 2007 of NAAC are mandatory to complied with by all Institution to implement any new course – SC Posted: 09 Nov 2011 10:27 PM PST Swami Vivekanand College of Education & Ors. Vs. Union of India & Ors. (Supreme Court) - When Regulations 2007 were enacted, the Regulations 8(3) and 8(4) of Regulations 2005 were retained. In the aforesaid circumstances by Regulation... [[ This is a content summary only. Visit www.taxguru.in for full article ]] Swiss probe 4 banks over handling of dictator cash Posted: 09 Nov 2011 08:53 PM PST BERN, Switzerland Switzerland's financial regulator FINMA has opened probes against four Swiss banks over their handling of hundreds of millions of dollars in assets linked to the deposed leaders of Tunisia, Egypt and Libya. The Swiss... [[ This is a content summary only. Visit www.taxguru.in for full article ]] No Court shall make any such order for the payment of an amount exceeding three thousand rupees or exceeding the limits of it pecuniary jurisdiction, whichever amount is less u/s. 35A of the Code of Civil Procedure, 1908 Posted: 09 Nov 2011 08:36 PM PST Sanjeev Kumar Jain Versus Raghubir Saran Charitable Trust & Ors. (Supreme Court)- In view of the above, the order dated 20.1.2010 of the High Court, to the extent it levies costs of Rs. 45,28,000/- on the appellant is set aside and in its... [[ This is a content summary only. Visit www.taxguru.in for full article ]]