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By Ajay Bhargava, Abhisaar Bairagi, Raddhika Khanna
As per the contract, the Chairman and the Managing Director were the competent authorities to appoint a sole arbitrator.
By Siddharth Shah, Ishita Khare
Therefore, while AIF is meant for sophisticated, high ticket investors, not providing such investors with sufficient information debilitates their investment evaluation for AIFs.
By Raj Panchmatia, Peshwan Jehangir, Himanshu Vidhani, Anumeha Karnatak
Various Indian judicial fora, including the Supreme Court, have affirmed that a creditor may proceed against a guarantor on failure of the principal debtor to repay a loan without first exhausting his remedies against the principal debtor.
By Bijal Ajinkya, Shabnam Shaikh, Natasha Bardia
The National Company Appellate Tribunal, New Delhi in the recent case of Oswal Greentech v Mr Pankaj Oswal and Ors (Company Appeal (AT) No 410 of 2018) while deciding on the issue of maintainability of a petition ...
By Anshul Prakash, Deeksha Malik
The Notification comes after the Government of Goa did away with the restriction imposed by the Factories Act on the state government while varying the limit on the working hours for women.
By Divaspati Singh, Ishita Khare
The Ministry of Finance on 17 October 2019, released the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (NDI Rules) in supersession of the Foreign Exchange Management ...
By Dibyanshu , Sathyajith Nair
The Cabinet Committee on Economic Affairs, on 20 November 2019 gave its approval to the proposed amendment to the to the Toll Operate Transfer model of the National Highways Authority of India (NHAI).
By Sudip Mullick, Sneha Joshi
A recent landmark decision of the Supreme Court reinforces the duty of care and liability of a Hotel for property entrusted to it by guests, customers and visitors.
By Prateek Kumar, Sneha Janakiraman, Smriti Nair
On 15 November 2019, a three judge bench of the Supreme Court delivered its judgment in the much-anticipated matter of Committee of Creditors of Essar Steel India Limited v. Satish Kumar Gupta and Ors., Civil Appeal No. 8766-67 of 2019.
By Sanjay Sanghvi, Raghav Bajaj, Ujjval Gangwal
In the instant case, during FY 2012-13, the Company had made certain payments which were subject to TDS.
By Kumar Saurabh Singh, Rajeev Vidhani, Aditi Bagri, Himanshu Vidhani, Ashwij Ramaiah
Taking into account the deepening liquidity crisis in the financial services sector and the resultant failure of some of the biggest non-banking financial companies (NBFCs) in discharging their immediate debt obligations, the Indian government finally took the bull by the horns.
By Sanjeev Kapoor, Aakash Bajaj, Shagun Jaggi
The Learned Judge has also recommended the composition of the said Commission.
By Anuj Shah, Harsh Khemka, Rahul Chandramouli
On 1 November 2019, the Insurance Regulatory and Development Authority of India (IRDAI) notified the IRDAI (Insurance Intermediaries) (Amendment) Regulations 2019 (Intermediaries Regulations).
By Bijal Ajinkya, Aditi Sharma, Krutika Chitre
The AAR pronounced its ruling on the application of the India Mauritius Double Taxation Avoidance Agreement, holding that the disposal by a Mauritian resident of its Indian investment would not be subject to tax in India.
By Manisha Shroff, Enakshi Jha, Shrooti Shukla
Commercial Papers in India are regulated by Reserve Bank of India and governed by the RBI directions which lays down the eligibility requirements, disclosure norms, rating and documentation procedures.
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