4/cQDFin92ra-3C8zDMkaEfdIEcRMfsqgNO3Roxme3jHvVbFspxyjrGP4

SUO LAW

Serious Fraud Investigation Office (SFIO): Analysis & Suggestions

The Indian Government set up a committee on corporate governance under the chairmanship of Naresh Chandra, former Cabinet secretary. Based on the recommendations of the committee, the Central Government issued a resolution on 2 July 2003 constituting the Serious Fraud Investigation Office (“SFIO”), which works under the MCA. SFIO was …

Read More »

Is Section 34(5) Of The Arbitration Act Mandatory Or Directory: Supreme Court Interpretation

BACKGROUND This instant appeal arose out of an arbitral award passed on 06.01.2016. The award debtor in the instant case, (“Appellant”) challenged the said award by filing an application under Section 34 of the Arbitration and Conciliation Act, 2015 (“Act”) before Patna High Court. The Court issued a notice to …

Read More »

Dieselgate Scam: NGT Slaps Volkswagen With Rs 1 Bn For Flouting Emission Norms

NEW DELHI: Nearly four years after the Volkswagen’s emission-cheating scam came to the fore, a bench headed by National Green Tribunal (NGT) Chairperson Justice Adarsh Kumar Goel has asked the German car-making company’s India unit to deposit 1 billion rupees with the Central Pollution Control Board (CPCB) for not complying …

Read More »

RBI Issues Dissent Note, Opposes Idea Of Constituting Independent Payments Regulator

Reserve Bank of India has issued a dissent notice on the Inter-Ministerial Committee for finalization of Amendments to the Payment and Settlement System (PSS) Act, 2007. In the dissent notice, it critically opposed the idea of constituting an independent body for regulating payments. The Committee was formed by the Government under the …

Read More »

Should There Be A Promulgation Of Minimum Education Qualification For Politicians?

It is undisputed that education is momentously fundamental for creating and sustaining, not just a Democratic State but a State by itself. Predominantly, possessing notable educational qualification is an implied requirement for lawmakers in most developed as well as developing economies and much weight lies on the same during elections. …

Read More »

Msme (Ministry Of Micro, Small And Medium Enterprises) Sector In India

The MSME sector in India, consisting of 36 million units, provides employment to over 80 million persons. The sector through more than 6,000 products, contributes about 8% to GDP, besides 45% of the total manufacturing output and 40% to the exports from the country. Due to the remarkable contribution of …

Read More »

General Data Protection Regulation

On 25th May 2018, The EU, after 2 years of its adoption, enforced the General Data Protection Regulation, which created waves globally with respect to Personal Data Protection. The GDPR, while replacing the Data Protection Regime governing the EU (Data Protection Directive), aims at harmonizing rules across 28–nation EU block. The …

Read More »