Investments made by a member shall not be construed as business in deciding qualifications for membership of a recognised stock exchange Rule 8 and of the Securities Contracts (Regulation) Rules, 1957 provide inter alia that no person shall be eligible to be elected or once elected continue as …

In deciding seat of arbitration, MSMED Act overrides agreement between the parties . MSMED Act overrides the Arbitration Act – Supreme Court  In a recent judgment Hon’ble Supreme Court has held that MSMED Act overrides the Arbitration Act and for deciding the “seat of arbitration”, the agreement between …

Appointment letter clause requiring payment of liquidated damages for leaving employment before specified years not restraint of trade or opposed to public policy – SC  In a recent judgment Hon’ble Supreme Court has held that clause in appointment letter requiring payment of liquidated damages by the employee in …

Some inadequacy in inquiry cannot be a ground for invocation of revisionary powers under section 263 of the Act.   In a recent judgment ITAT Delhi has held that some inadequacy in the manner of inquiry cannot necessarily be a ground for invocation of revisionary powers under section …

Empanelment of concurrent auditor by U.P. Metro Rail Corporation Limited. U.P. Metro Rail Corporation Limited has invited tenders from Chartered Accountant firms/LLPs empanelled with C&AG, for the Internal audit of Uttar Pradesh Metro Rail Corporation Limited on concurrent basis UPMRCL was formed as a special purpose vehicle (SPV) …

Income Tax Department invites applications for empanelment of Special Public Prosecutors Applications are invited for empanelment of Special Public Prosecutors for representing the Income Tax Department in the Additional Chief Judicial Magistrate Court (Economic Offences), Ernakulam. The terms and conditions for engagement and eligibility are as per instructions …