Author: Legal Parivar

Corporate social responsibility (CSR) has gained significant importance in India’s corporate commercial law. Section 135 of the Companies Act of 2013 mandates that companies invest a minimum of 2% of their net earnings in CSR initiatives. This section applies to companies meeting certain criteria. This article provides a comprehensive overview of Section 135 of the Companies Act, 2013, along with CSR provisions, amendment rules, and other relevant details. What Does Section 135 of the Companies Act Mean? Section 135 of the Companies Act, 2013, pertains to corporate social responsibility (CSR). It mandates that companies meeting specific revenue thresholds engage in…

The India Meteorological Department (IMD) has issued a yellow alert, predicting the possibility of heavy rainfall in Delhi until July 1. Today’s weather forecast includes a generally cloudy sky with very light rain or thunderstorms, accompanied by gusty winds at speeds of 25-35 km/h. Similar conditions are expected to persist over the next few days. Heavy Rainfall Alerts Across India The IMD has also issued several other alerts across the country: Region-Specific Rainfall Predictions Additionally, isolated heavy rainfall is forecasted for: Very Heavy Rainfall Predictions North-Eastern States Heavy to very heavy showers are predicted for West Bengal, Sikkim, Assam, Meghalaya,…

On Tuesday, shares of Nvidia surged nearly 7%, recovering from a three-session slump that had wiped approximately $430 billion from the market value of the artificial intelligence chipmaker. Nvidia’s shares closed at $126.09, rebounding from a 13% decline from their June 18 close of $135.58. This drop followed a rally that intensified after a 10-for-1 stock split that took effect on June 10. Nvidia’s rapid ascent and its position as the leading provider of chips for artificial intelligence applications have made it a symbol of this year’s tech-driven boom in U.S. stocks. Last week, Nvidia briefly became the world’s most…

The National Stock Exchange (NSE) has imposed a ban on trading in the futures and options (F&O) segment for four stocks on Wednesday, June 26, 2024. These stocks have exceeded 95% of the market-wide position limit (MWPL). Despite the ban in the F&O segment, these stocks will still be available for trading in the cash market. F&O Ban List for June 26 The stocks on the F&O ban list are: According to the NSE, the derivative contracts in these securities have surpassed 95% of the MWPL and have been placed under the ban period. The exchange has stated, “All clients/members…

Zerodha, a leading brokerage platform in India, has recently launched an advanced feature on its Kite platform designed to enrich the trading and investing experience for its users. Known as the ‘Fundamentals’ widget and powered by Tijori, this new tool enables investors and traders on the Kite platform to perform detailed comparisons among stocks, exchange-traded funds (ETFs), and indices. Nithin Kamath, the co-founder of Zerodha, highlighted the significance of this enhancement, stating that the updated widget now offers comprehensive financial data about companies. Previously, Kite users had to navigate across multiple platforms to access such fundamental data. With the integration…

Nvidia Corp. has experienced a significant selloff, shedding $430 billion over three days. The stock has fallen 13% since it briefly surpassed Microsoft Corp. as the world’s most valuable company last week. This decline has put Nvidia into a technical correction — a drop of 10% or more from a recent peak — for the first time since April. On Tuesday, premarket trading indicated further losses, with shares dropping as much as 2.4%. Despite the recent drop, Nvidia’s stock has surged this year due to strong demand for its AI chips. The stock rose 43% from its May 22 earnings…

The Nifty closed at 23,537.85, rising by 0.78%. During the day, it reached a high of 23,754.15 and a low of 23,562.05. The Sensex traded between 78,164.71 and 77,459.6, closing 0.92% higher at 77,341.08, which was 712.44 points above the opening price. Nifty Midcap and Small Cap Indices Nifty 50 Returns Nifty Index Top Gainers Nifty Index Top Losers Bank Nifty Performance Bank Nifty Returns Sensex Top Gainers Sensex Top Losers Nifty MidCap 50 Top Gainers Nifty MidCap 50 Top Losers Nifty Small Cap 100 Top Gainers Nifty Small Cap 100 Top Losers BSE Top Gainers BSE Top Losers NSE…

On Tuesday, the Delhi High Court stayed the trial court’s order granting bail to Delhi Chief Minister Arvind Kejriwal in the money laundering case related to the now-scrapped excise policy scam. The High Court noted that the trial court had not “applied its mind” when granting bail to Kejriwal, handing a setback to the Aam Aadmi Party (AAP) leader. Kejriwal had been granted bail by the trial court on Thursday, June 20, but the Enforcement Directorate (ED) challenged the order in the Delhi High Court, which suspended the bail while considering the challenge. Key Developments: The excise policy was scrapped…

As the July 31 deadline for filing Income Tax Returns (ITR) nears, taxpayers involved in transactions such as shares, mutual funds, jewelry, real estate, and derivatives trading must ensure accurate reporting of their capital gains and losses. Proper disclosure of these transactions is crucial for maintaining financial compliance and avoiding penalties. Capital Assets and Tax Implications Under Indian income tax regulations, various properties owned by individuals are categorized as capital assets, which include: The classification of capital gains as short-term or long-term depends on the asset’s holding period before its transfer. Generally, assets held for more than 36 months are…

Women government employees can now take up to 180 days of maternity leave for surrogacy, following recent amendments to the Central Civil Services (Leave) Rules, 1972. This update, made by the Centre, applies to the “commissioning mother” (the intending mother of the child born through surrogacy), granting them eligibility for these leaves along with child care leave. Additionally, the government has introduced a 15-day paternity leave for the “commissioning father.” As per the notice issued on June 18 by the Ministry of Personnel, Public Grievances and Pension, “In case of surrogacy, the surrogate, as well as the commissioning mother with…