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1. Earlier the pecuniary jurisdiction was fixed as Rs. 1 Crore and above, now it was reduced to as �not less than Rs. 3 Lakh�.2. The pecuniary value shall not less than Rs. 3 Lakh and not more than the pecuniary jurisdiction exercisable b ..
We may argue that it is a criminal proceeding is different from civil recoveries in the connotation of law. Obviously it is right, but the legislative intent of Insolvency and Bankruptcy Code and the word �proceedings� give a vast thinkin ..
Object:(1). To define benami transaction(2). To establish adjudicating authorities and an Appellate Tribunal to deal with benami transactions, and(3). To specify the penalty fo ..
The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015.1. District level courts, except the places where the High Court has original side jurisdiction (there is commercial division)2. �commercial d ..
The Insolvency and Bankruptcy Code, 2016 This code applicable to any company, Limited Liability Partnership, any other corporate body incorporated under any law, partnership firms and individuals, in relation to their insolvency, liquidation, volunta ..
ObjectIssue of passports and travel documents, to regulate the departure from India of citizens of India and for other persons and for matters incidental or ancillary thereto.Applicable to Citizens of India and also to citizens of India, who are outs ..
Today the word �Wilful defaulter� is the humming word of every Indians, since the bank declared Mr. Vijay Malya as wilful defaulter.Can a bank declare any one as defaulter?No, the bank cannot exercising the same on its own, but they can e ..
For ascertaining an offence, we need two ingredients i.e. Actus reus and Mens rea and essentially need a person to commit it. This person either be a natural person or be a legal person. It is not an issue at all when the offence committed by a natu ..
Arbitration and conciliation (amendment) Act 2015 The salient features of the amendment are High Court has power in International Commercial Arbitration. An Indian registered company cannot claim as non Indian party (international status) as its ma ..
Arbitration is the Alternate Dispute Resolution (ADR) mechanism, which gives the parties to settle their dispute, out of court, with the choice of designing their own forum, including selecting the law, that liberty is normally not available to any d ..
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