Category: Law and Justice

Appointment of independent arbitrator by HC overlooking the contract procedure quashed by SC

High Court was not justified in appointing independent arbitrator without resorting to procedure for appointment of  arbitrator under the contract as agreed by the parties.- SC ABCAUS Case Law Citation:ABCAUS 2851 (2019) (03) SC Important Case Laws Cited/relied upon by the parties National Insurance Company Limited Vs. Boghara Polyfab Private Limited caseUnion of India & Another Vs. M.P. Gupta In …

Banning of Unregulated Deposit Schemes-Corrigenda for provisions of RBI/SEBI Act deleted

Banning of Unregulated Deposit Schemes-Deposits by co­operative society from members, attachment of bank accounts/property under SEBI Act deleted The Banning of Unregulated Deposit Schemes Ordinance, 2019 had been promulgated to curb illicit deposits taking activities. The Ordinance bans Deposit Takers from promoting, operating, issuing advertisements or accepting deposits …

The Companies (Amendment) Second Ordinance, 2019 – Key changes

President promulgates the Companies (Amendment) Second Ordinance 2019. Different financial year allowed to certain companies and re-categorisation of minor offences as civil defaults  In pursuance of the Government’s objective of providing Ease of Doing Business to Law abiding corporate while simultaneously strengthening the corporate governance and compliance framework …