Category - Others

Comments invited on Revised ICSI Syllabus

India is a vibrant and emerging economy on the global map which has recorded approximately 8.7 percent growth rate in GDP during 2010-11. Indian Economy is being taken to a higher orbit so as to attain the developed nation status by 2020 which is hardly a decade away. Indian businesses- particularly corporate professionals   such as Company… Read More

Tag: ICSI

Law to get stricter under amended Benami Transactions (Prohibition) Act

Benami transaction means any transaction in which property is transferred to one person for a consideration paid or provided by another person for  property of any kind, whether movable or immovable, tangible or intangible, and includes any right or interest in such property. Benami buys means buying properties in the name of a person who doesn't pay for… Read More

Tag: benami

CJI cautions Judges to exercise self restraint

Chief Justice S H Kapadia cautioned the judges today against taking over the functions of the legislature. Kapadia maintained that the judiciary should exercise self-restraint and respect segregation of responsibilities between the Executive and the Judiciary. "We must refuse to sit as a super-legislature to weigh the wisdom of legislation. We must remember that our Constitution… Read More

Govt. declined to disclose the name of persons having black money in foreign banks

The Centre on Friday declined before the Supreme Court to make public names of the people who have stashed black money in foreign banks. It informed that it is not possible to disclose information received from foreign governments under the Double Taxation Avoidance Agreement (DTAT). The Centre, however, agreed to reveal the names of six… Read More

Committee for Lokpal Bill

Days before the Joint Drafting Committee meets for the first time to prepare a stronger Lokpal Bill, government today said members should come with an open mind and refrain from drawing lines beyond which they would not retreat. "What is happening with this Committee is before the Committee meets, everybody is giving their point of… Read More

Tag: anti-graft law

Limitation period for setting aside Arbitral Award

Setting aside arbitral award Limitation for making an application for - Is period of limitation to be reckoned from the date a copy of award is received by the objector or from the date a signed copy is delivered by arbitrator Section 34  The period of limitation for filing an application under section 34 for setting… Read More

Tag: Arbitration

Competition Commission™s direction of investigation cannot be challenged before Appellate Tribunal

[2010] 98 CLA (Mag.)  35 Competition Commission™s  direction of investigation cannot be challenged before Appellate Tribunal Rules Supreme Court in Jindal™s case Mamta Bhargava In this brief note, Mamta Bhargava, Company Secretary, summaries decision of the Supreme Court in CCI v. Steel Authority of India [2010] 98 CLA 278 holding that the authority of the… Read More

Tag: Competition Commission

Inflation to be upwards of 13 percent by end 2011

Mumbai, Apr 12 (PTI) Urban households expect inflationary pressure to sustain through 2011 and feel there may not be any softening of food prices, an RBI survey shows. While year end 2011 household inflation is expected to be 13.1 per cent, up from the perceived 11.8 per cent in December 2010, daily-wage workers and housewives… Read More

Government inviting comments on the proposed anti graft bill

New Delhi, Apr 12 (PTI) In the backdrop of uproar over corruption and blackmoney issues, Government has sought suggestion from people on a proposed anti-graft law which will facilitate extradition and prosecution of foreign public officials involved in bribery. In a public notification, the government sought views and suggestions of general public on the Prevention… Read More

Tags: anti-graft lawlokpal billprevention of bribery

Liquidated Damages to be payable irrespective of actual damages

The High Court of Delhi in its recent judgment in the case of Sudhir Gensets Ltd. v. Indian Oil Corporation Ltd., while interpreting Section 74 of the Indian Contract Act,1872, held that if a contract specifies the limit of liquidated damages that would be payable in the event of a breach,  then the claimant is entitled… Read More

Tag: Contract

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