corporate law

I. DOMESTIC DEPOSITS1. Whether banks can accept interest free deposits?Banks cannot accept interest free deposits other than in current account.2. Whether banks can pay interest on savings bank accounts quarterly? Banks can pay interest on savings bank accounts at quarterly or longer rests.ST..

Can Buy Back of shares be made by a Scheme of Arrangement? G. P. Sahi Published on 2005-06-24 Introduction Section 77A was introduced by the Companies (Amendment) Act, 1999, pursuant to the report of the working group which was set up to suggest reforms to the Companies Act. The underlying reasons in support of a buy back, interalia, include (a) return surplus cash to shareholder..

Applicability of Section 138 of Negotiable Instruments Act, 1881 on Issuing of Cheques as a Security or for Future Liability.   DIV class=MsoNormal sty..

Types of arbitration and their importance There are two types of Arbitration: 1. Voluntary Arbitration 2. Compulsory Arbitration Voluntary Arbitration is a binding, adversarial dispute resolution process in which the disputing parties choose one or more arbitrators to hear their dispute and to render a final decision or award after an expedited hearing Voluntary arbitration implies ..

Benefits of Arbitration: Arbitration is the submission of a dispute to one or more impartial persons for final and binding determination. Court intervention and review are limited by applicable state or federal arbitration laws; award enforcement is facilitated by those same laws. Stipulations may also be made regarding the confidentiality of proprietary information, evidence, locale, number of..

CAN MURDER BE TREATED AS AN ACCIDENT FOR THE PURPOSE OF PERSONAL ACCIDENTS INSURANCE POLICY. By R. Brizmohan Singh Advocate The one and the only point involved in the above captioned topic is as to whether Murder is an Accident or not? THE TERMS AND CONDITIONS OF THE POLICY: ..

  Caveat emptor    /..

  Debentures - Meaning A debenture is an instrument of debt executed by the company acknowledging its obligation to repay the sum at a specified rate and also carrying an i..

1. While directors have the authority to regulate the affai..

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Banking Ombudsman Scheme, 2006   1. What does the Banking Ombudsman Scheme, 2006 offer? p style="text-align:justif..

EPF members will now only be required to submit a self-declaration for the advance in case of illness of members/ dependents. Differently abled members will also get advance on the basis of self-declaration. A member will no longer be required to submit any medical certificate or any other certificate or document or proforma whatsoever to avail advances under paragr..

Employees’ Provident Fund Organisation (EPFO) has taken various steps to provide various online services like for claims of provident fund, final settlement, withdrawals and pension fund withdrawal, etc. to its members in a quick and transparent manner. However, no specific date has been fixed. Receipt of transfer claims online has already been introduced by E..

The field offices of Employees' Provident Fund Organization (EPFO) have been directed to settle claims in cases of deaths within seven days of receipt of such claims. As per paragraph 72(7) of the Employees’ Provident Funds (EPF) Scheme, 1952, the claim complete in all respects submitted along with the requisite documents shall be settled and benefit amoun..

To bring in more employees from public and private sector into the ambit of Employees’ Provident Fund Organization (EPFO), an Employees’ Enrolment Campaign, 2017 has been launched for the period 01.01.2017 to 31.03.2017. Under the campaign, an employer, whether already covered or yet to be covered, can enroll employ..