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17 April 2019 at 16:24

All you should know about INC 22A - Due date, who should file form 22A and FAQs

  POSTED BY Ishita Ramani

The new e-form recently rolled out by Ministry of Corporate Affairs (MCA) is ACTIVE (INC-22A), and is part of the ACTIVE (Active Company Tagging Identities and Verification) exercise. APPLICABILITY: Every company incorporated on or before 31st Decem

  0 comments |   111 Views


10 April 2019 at 15:15

After Conclusion of arguments if an Arbitrator wishes to withdraw, the majority tribunal can proceed and pass the Award in India

  POSTED BY S. Ravi Shankar

An arbitral tribunal normally consists of either one or three arbitrators. In a three member, arbitral tribunal, the award may be passed by all the three arbitrators together or a majority award along with a dissent award. Normally, arbitrators meet

  0 comments |   105 Views


09 April 2019 at 15:40

Shadow Banking - An Indian Perspective

  POSTED BY Navolina Majumdar

INTRODUCTIONEconomist Paul McCulley coined the term shadow banking in 2007 to explain the system of unregulated financial companies that operate outside the traditional banking system. �Unlike conventional regulated banks, unregulated shadow ba

  0 comments |   156 Views


08 April 2019 at 16:33

Corporate compliance calendar for April 2019

  POSTED BY Lalit Rajput

This article contains various Compliance requirements under Statutory Laws. Compliance means "adhering to rules and regulations."Compliances under:1. Compliance Requirement Under Income Tax Act, 19612. Compliance Requirement Under Goods &am

  1 comments |   105 Views


08 April 2019 at 16:32

How to Register LLP in India?

  POSTED BY Ishita Ramani

How to Register LLP in India ?This article explains the complete step-wise procedure for registering an LLP in India. In upcoming sections, you will read details on exact process, documents needed for LLP registration, Form to be filed for LLP regist

  0 comments |   140 Views


03 April 2019 at 11:55

Powers of Arbitrators to grant interest in India seated International & Domestic Arbitrations

  POSTED BY S. Ravi Shankar

All of us aware that Arbitrators have powers to grant pre-reference, Pendent lite and Post award interest to the awarded sum. But one of the challenges faced by the Arbitrators is the awarding of appropriate and legally sustainable pre- award, post a

  0 comments |   64 Views


29 March 2019 at 13:49

MCA (ROC) Compliance Calendar - April 2019

  POSTED BY Lalit Rajput

MCA (ROC) Compliance CALENDARFor the month of April, 2019

  0 comments |   194 Views


25 March 2019 at 11:28

Former employee of one of the party to Arbitration 10 years back cannot be a ground for Removal of an arbitrator

  POSTED BY S. Ravi Shankar

Arbitration scenario in India got a great enthusiasm on 23rd October 2015 because of the amendments brought in to the Arbitration and Conciliation Act,1996 (Hereinafter �the Act�. One of the major changes brought in by the said amendment

  0 comments |   61 Views


04 March 2019 at 12:33

SC of India upholds the Limited scope of interference at the time of enforcement of a Foreign award and imposes cost of 30,000 USD

  POSTED BY S. Ravi Shankar

India is a Model law country and the procedural law of India, Arbitration and Conciliation Act,1996 (Herein after �The Act�) is enacted in the lines of the UNCITRAL Model Law[1]. In India, it is the settled law that a party can challenge

  0 comments |   53 Views


20 February 2019 at 15:09

A Comprehensive Guide to Opening NRI Accounts

  POSTED BY Guest

Non-Resident Indians often get confused when they have to face a situation of maintaining a savings account in India.Primarily, there are two reasons for opening such an account: NRIs want to repatriate overseas-earned money back to India and/orthey

  0 comments |   159 Views


12 February 2019 at 16:35

If an Arbitration Award is set aside, arbitration can be initiated again

  POSTED BY S. Ravi Shankar

If an Arbitration award is challenged by a party and consequentially is set aside in a petition filed under S.34 of the Arbitration and Conciliation Act,1996, the losing party has every right to initiate a fresh arbitration again. Delhi High Court wh

  2 comments |   294 Views


08 February 2019 at 11:09

Activate Your DIN With Minimal Effort!

  POSTED BY Shweta Gupta

An Easy Resolution To A Grim Situation!Quite a few positive news, from various Courts, has trickled in regarding the removal of Directors disqualification. In a major victory for the aggrieved Directors, in December 2018, the Gujarat High Court quash

  0 comments |   287 Views


08 February 2019 at 11:04

Black listing of contractor impermissible after losing an arbitration on the same issue

  POSTED BY S. Ravi Shankar

Black listing of a contractor is a weapon in the hands of the employer that can be used against a contractor for a breach of contract or any willful default to complete the project as per the contract etc., Most of the contracts have such provisions

  1 comments |   144 Views


04 February 2019 at 11:36

Can Corporate Debtor file a criminal proceedings like dishonour of cheque complaint even after the moratorium order

  POSTED BY Lakshay Kewalramani

CASE COMMENT : SHAH BROTHERS ISPAT PVT. LTD. v .P. MOHANRAJ & ORS. Company Appeal (AT) (Insolvency) No. 306 of 2018 ABSTARCT Moratorium O

  0 comments |   175 Views


11 January 2019 at 13:04

Limitation for statutory arbitrations in India

  POSTED BY S. Ravi Shankar

Limitation to initiate a legal action is a globally recognized concept. Law of Limitation provides for a time restriction for initiating a legal action to an aggrieved party seeking to establish a legal right. That means even though you have a right,

  0 comments |   397 Views


07 January 2019 at 12:29

Are we still looking for committed than competent Arbitrators?

  POSTED BY S. Ravi Shankar

Arbitration can be protected only by neutral and committed arbitrators but unfortunately none of us want to engage/ nominate an arbitrator who declares that he/she would be neutral always. Due to shortage of work, Arbitrators require canvas for their

  2 comments |   142 Views


24 December 2018 at 13:36

Loopholes In 'Anti-Competitive Agreement' Under Competition Law

  POSTED BY Navin Kumar Jaggi

Section 3 of the Competition Act, 2002 deals with anti-competitive agreement between competitors. Section 3(1) disallows anti-competitive agreement between parties and the same is declared void under Section 3(2). Section 3(3) talks about horizontal

  1 comments |   154 Views


24 December 2018 at 13:36

Essence Of Competition Law In India: Concerning Section 4 Of The Competition Act

  POSTED BY Navin Kumar Jaggi

In the previous article, Section 3 of the Competition Act which has provisions for anti-competitive agreements and how such agreements can be rendered as void is covered. In this Part, Section 4 of the Competition Act has been covered to show how var

  0 comments |   123 Views


21 December 2018 at 13:22

Essence of Competition Law in India: Section 3 of the Competition Act

  POSTED BY Navin Kumar Jaggi

Before the enactment of the Competition Act, 2002, the arena of Competition Law was governed by the Monopolistic and Restrictive Trade Practice Act, 1969, during the post-independence period. It had become obsolete after a period of time and also, th

  1 comments |   238 Views


20 December 2018 at 12:09

Limitation to Challenge an arbitration award cannot be extended

  POSTED BY S. Ravi Shankar

In a recent judgement (Simplex Infrastructure Limited Vs Union of India) dated 05.12.2018, Supreme Court of India dealt with the issue of condoning the delay in challenging an arbitration award under section 34 of the Arbitration and Conciliation Act

  1 comments |   145 Views










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