Legal Updates

When can arbitration agreement be said to be in writing

[2010] 98 CLA (Snr.) 2 (Bom.) Nasir Husain Films (P.) Ltd. v. Saregama India Ltd. and another Appeal No. 457 of 2007 in Arbitration Petition No. 81 of 2007 Decided by the High Court of Bombay F I Rebello & R S Mohite,  JJ 7th April 2008 [2010] 2 Comp LJ 393 (Bom.) Section 7… Read More

Arbitration clause When can be held to be valid

[2010] 98 CLA (Snr.) 1 (Bom.) Rajiv Vyas v. Johnwin Manavalan and another Arbitration Petition No. 222 of 2008 Decided by the High Court of Bombay S J Kathawalla, J 6th July 2009 [2010] 2 Comp LJ 454 (Bom.) Section 7 Arbitration agreement Arbitration clause When can be held to be valid, subsisting and binding… Read More

Prerequisites of an Arbitration Agreement

Arbitration and Conciliation Act, 1996 [2010] 98 CLA (Snr.) 1 (P&H) Ramji Bharany and others v. Ambience Developers and Infrastructure (P.) Ltd. First Appeal from Order No. 583 of 2010 (O&M) Decided by the High Court of Punjab & Haryana Rakesh Kumar Jain, J 21st May 2010 (2010-3) 159 PLR 198 Section 7 Arbitration agreement… Read More

Prevention of Money-laundering Amendment Rules 2010

Prevention of Money-laundering (Maintenance of Records of the Nature and Value of Transactions, the Procedure and Manner of Maintaining and Time for Furnishing Information and Verification and Maintenance of Records of the Identity of the Clients of the Banking Companies, Financial Institutions and Intermediaries) Amendment Rules, 2010 GSR 508(E) dated 16th June 2010 issued by… Read More

The Company Secretaries (Amendment) Regulations, 2010

Notification No. 531:Legal 710/1(M)/1 dated 23rd July 2010 issued by the Institute of Company Secretaries of India Whereas the draft regulations further to amend the Company Secretaries Regulations, 1982 were published as required by sub-section (3) of section 39 of the Company Secretaries Act, 1980 (56 of 1980) at pages 1 to 27 in the… Read More

Securities trading using wireless technology

MRD/DP/25/2010 dated 27th August 2010 issued by the Securities and Exchange Board of India It has been decided that SEBI registered brokers who provide internet based trading including mobile phones and laptops with data cards, shall be eligible to provide securities trading using wireless technology. 1. It has been decided that SEBI registered brokers who… Read More

Review of norms for investment and disclosure by mutual funds in derivatives

Circular No. IMD/DF/11/2010 dated 18th August 2010 issued by the Securities and Exchange Board of India Mutual funds Investment in derivatives Review of norms for investment  in derivatives by mutual funds and disclosures thereof to the investors. 1. Please refer to the Circular DNPD/CIR-29/2005 dated 14th September, 2005 {[2005] 68 CLA (St.) 75}, Circular MFD/CIR/9/120/2000… Read More

Easy Exit Scheme, 2010 Authorisation for entering details in Form EES 2010

General Circular No. 3/2010 dated 10th August 2010 issued by the Ministry Corporate Affairs EES, 2010 It has been decided that in the case of 100 per cent Government companies, if no Board is in existence, an officer not below the rank of Deputy Secretary of the concerned Administrative Ministry may be authorised to enter… Read More

Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs)

RBI/2010-11/234 DBOD.FID.FIC.No.6 /01.02.00 /2010-11 October 14, 2010 The CEOs of select All-India Term Lending and Refinancing Institutions (Exim Bank, NABARD, NHB and SIDBI) Dear Sir, Prudential Guidelines on Restructuring of Advances by select All-India Financial Institutions (AIFIs) In continuation of our letter DBOD.No.FID.FIC.5 /01.02.00/2008-09 dated February 26, 2009 on the captioned subject, please find enclosed Circular DBOD No.BP.No. 49/… Read More

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