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corporate law


Chinese Court (PRC) upholds the validity of “Arbitration or Litigation” Clauses

In most of the countries, if an intention of the party to go for arbitration can be traced from the dispute resolution clause between the parties, that clause is treated as a valid Arbitration clause. If there are dispute resolution clauses providing both the mechanisms of courts as well as arbitration, a narrow interpretation is given by the courts to give effect t..

Posted in articles |   230 Views


Non-compliance can result in imprisonment - Strictness of government

A country can never be developed until it is free of corruption and the only strategy to control corruption is implementing the laws strictly. As we know that Government of Indian with the help of various Ministries and departments is trying to implement laws strictly. As per the Press Information Bureau dated 5th November, ..

Posted in articles |   9 comments |   784 Views


Anomalies Of Section 3(1) Of The Indian Competition Act 2002

The first ever order under section 3(1) of the Competition Act, 2002 (Act), Ramakant Kini v. Dr. L.H. Hiranandani Hospital, Powai, Mumbai (Hiranandani),[1] has witnessed its fair share of controversy since the Competition Commission of India (Commission/ CCI) laid the precedence fo..

Posted in articles |   435 Views


Brief report of recommendations on corporate governance submitted to SEBI

Stock Exchange Board of India (hereinafter referred as 'SEBI') has setup up committee under the chairmanship of Shri Uday Kotak, Executive Vice Chairman and Managing Director of Kotak Mahindra Bank on 2nd June, 2017, to advice on issues relating to corporate governance. The committee was further ..

Posted in articles |   1 comments |   494 Views


Arbitrators can determine their fees despite agreement between parties

The globally recognized foundation of arbitration is “party autonomy” because parties come forward to waive off their rights to approach the national courts. Party autonomy is not a simple decorative phrase; it is almost absolute in nature. The concept of party autonomy empowers parties with the right to decide the number of arbitrators,..

Posted in articles |   4 comments |   925 Views


Prior award by the same arbitrator between the same parties cannot be a ground for bias

India has amended its procedural law, Arbitration and Conciliation Act,1996 by an amending Act, Arbitration and Conciliation (Amendment) Act,2015 with effect from 23rd October 2015. The said amending Act brought in the requirement of Arbitrators declaring their relationship with the Parties to the Arbitration as well as counsels & Law firms appearing in the Arbi..

Posted in articles |   392 Views


Know the rational points to be kept in mind for stepping into corporate world

Company form of organization is well recognized Corporate Entity and developed form of business set up throughout the globe. The Companies Act, 2013 has brought major changes by increasing regulatory framework along with higher Professional Accountability and expertise. Apart from well recognition by law, estab..

Posted in articles |   364 Views


2015 Amendments to the Arbitration Act are not applicable to cases in which invocation happened prior to amendment

2015 Amendment Act to the Arbitration and Conciliation Act,1996 brought in many changes to ensure impartiality and independence of the Arbitrators. The above said Amendment Act, came into force on 23rd October 2015. The Amendment Act brought in a mandatory d..

Posted in articles |   4 comments |   603 Views


Documents having genesis with only a conciliation proceedings are Confidential in India

In India Arbitration and Conciliation felids are governed by Arbitration and Conciliation Act,1996 (The Act). The said Act determines the procedural aspect of Arbitration and Conciliation proceedings seated in India including the confidentiality of the docum..

Posted in articles |   2 comments |   282 Views


SEBI tightens listing requirements - Present limits & impact of changes

In light of the ongoing practices by shell companies of getting entry into the stock market and becoming a helping hand for money laundering and frauds, The Securities and Exchange Board of India is planning to tighten the current listing criteria for companies. At present, the minimum post issue capital requirement of an appli..

Posted in articles |   319 Views


Disqualification under section 164 read with section 167

This article is written in relation to recent MCA notices for the disqualification of directors under section 164 (2) of the Companies Act. Efforts have been made to make reader understand the section 164 along with section 167 of the Act. Notice appears on MCA website: st..

Posted in articles |   11231 Views


Relaxation in compliances for Shifting of Registered Office within the same State

Relaxation in compliances for Shifting of Registered Office within the same State from the jurisdiction of one Registrar of Companies to another The Ministry of Corporate Affairs (MCA), in exercise of the powers conferred by section 469 of the Companies Act, 2013, has substituted Rule no.28 of Companies (Incorporat..

Posted in articles |   270 Views


Restraint of Trade and its Exceptions

Protection under the Constitution of India Part XIII of the Constitution of India contains provisions relating to the freedom of trade, commerce and intercourse within the territory of India. The provisions are laid down in articles 301-307. Just as the Legislature cannot take away individual free..

Posted in articles |   2645 Views


Emergency Arbitrator

The courts of this country should not be the places where resolution of disputes begins. They should be the places where the disputes end after alternative methods of resolving disputes have been considered and tried. - Sandra Day O'Connor Introduction p style="text-align:justi..

Posted in articles |   4 comments |   305 Views


HC grants injunction against a London seated investment arbitration

In a recent Judgment Union of India Vs Vodafone Group PLC United Kingdom (2017) SCC Online Delhi 9930 dated 22nd August 2017, Delhi High Court granted injunction restraining Vodafone Group PLC United Kingdom from taking any action in furtherance of the notice dated 15th June 2015 and notice of Arbitration dated 24th January 2017, investment arbitration initiated und..

Posted in articles |   2 comments |   238 Views




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