Daily Archives: December 9, 2015

9 Salient features of Real Estate Regulation Bill 2015

Cabinet approves Real Estate (Regulation and Development) Bill, 2015 The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Real Estate (Regulation and Development) Bill, 2015, as reported by the Select Committee of Rajya Sabha. The Bill will now be taken up for consideration and passing by the Parliament. The Real… Read More »

Complaint by person who is not consumer or trade association cannot be basis of Inquiry under section 36 B of Competition Act

Brief Facts:- Competition Commission can inquire into any unfair trade practice on receipt of a complaint from any trade association or from any consumer or a registered consumers’ association, even though the consumer may not be a member of such association or on receipt of a reference made by the Central Government or the State… Read More »

How many Directors allowed in a Company ?

As per Articles of Association, the maximum number of Directors of a company is 9. The Board of Directors of the aforesaid company proposes to increase the number of Directors to 15. Advice, whether under the provisions of the Companies Act, 2013, the Board of Directors can do so? As per Section 149 of Companies… Read More »