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…
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,…
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…
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…
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…
CORPORATE INSOLVENCY RESOLUTION PROCESS UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 Kindly refer to the link in the title to access the full Act STAGE-WISE PROCESS FOR INSOLVENCY:- In case a corporate debtor makes a default in repayment of dues of the creditors, the financial creditor/s, an operational creditor or a corporate debtor through Corporate applicant…
Option 2: THE ARBITRATION AND CONCILIATION ACT, 1996 (Kindly refer to the link in the title to access the full Act) This option is available only if there is an Arbitration Clause in the contract signed between the parties. The Indian Arbitration and Conciliation Act, 1996 is the statute governing arbitration law in India. Erstwhile passing…
Option 1 THE COMMERCIAL COURTS, COMMERCIAL DIVISION AND COMMERCIAL APPELLATE DIVISION OF HIGH COURTS ACT , 2015 (Kindly refer to the link in the title to access the full Act) As per Section 6, Commercial Courts can try suits relating to commercial transactions having the “specified value”. Section 2(i) of the Act defines “specified value”….
India is infamous for having an overburdened legal system that leads to indefinite delays in the disposal of cases. Inefficiencies in its legal infrastructure have made it all the more difficult for foreign as well as domestic investors to protect their investments in India. In fact, as seen in the famous case of White Industries Australia…
Introduction Selling a product through an overseas agent is a very successful strategy. Sales agents are available on commission basis for any sales they make. The key benefit of using an overseas sales agent is that you get the advantage of their extensive knowledge of the target market. Sales agent also provides support to an…