Effect of lost / stolen cheque on Cheque Bouncing 138 NI Act case
Section 138 of the Negotiable Instruments Act, 1881 provides for a punishment if a person who has issued a cheque is unable to clear the cheque and the said cheque gets dishonored. A criminal case is made against the person who had issued the cheque (drawer) for issuing a cheque and fraudulently not having sufficient […]
Selection and Appointment of Arbitrators in India
In arbitration, the parties have the freedom to appoint any person as an arbitrator to adjudicate any dispute arising between them. This freedom of choice is stipulated by section 10(1) of Arbitration and Conciliations Act, 1996 which provides that, ‘parties are free to choose the number of arbitrators.’ It provides discretion with respect to number […]
Criminal Liability of Corporate Officials in India
In this day and age of scams, crime by corporate entities throws a lot of challenges at multiple levels. The level of crime may be extraordinary owing to the magnitude, powers and reach of such corporations as opposed to an individual committing any crime. Once it is found that a corporation has committed a crime, […]
How to Register a Cooperative Society
Registration of Societies RCPS Act Notification RCPS Act Notification- Registration of Socities(888 KB) List of Documents required to be submitted for Societies: Checklist List of common documents to be submitted by all types of societies S. No. Name of Document 1 Signed copy of Form – A (Rule – 3) for Registration 2 Signature […]
Summary Suits
Introduction Summary suit or summary procedure is given in order XXXVII of the Code of Civil Procedure, 1908. Summary procedure is a legal procedure used for enforcing a right that takes effect faster and more efficiently than ordinary methods. [1] Its object is to summarise the procedure of suits in case the defendant is not […]
Option 4 – MSME SAMADHAAN- Delayed Payments to Micro and Small Enterprises under Micro, Small and Medium Enterprise Development (MSMED) Act, 2006
The MSMED Act, 2006 (Dealing with Delayed Payment) Who can apply Any Micro or small enterprise having valid Udyog Aadhar (UAM) can apply, if your enterprise doesn’t have an Udyog Aadhar (UAM), it can be obtained from here. Related Provision The Micro, Small and Medium Enterprise Development (MSMED) Act, 2006 contains provisions of Delayed Payment […]