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Tag Archives: legal articles

Government Proposes Changes To The Companies Act, 2013

New Delhi, December 11: The Government of India in its latest notification has proposed amendments to the Companies Act, 2013.  The Companies Act 2013 is an Act of the Parliament of India on Indian company law which regulates incorporation of a company, responsibilities of a company, directors, dissolution of a company. The …

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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 …

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RBI Announces Steps To Increase Liquidity Flow To Non-Banking Financial Conmpanies

Mumbai: The Reserve Bank of India has issued a statement announcing more measures to increase liquidity flows to the non-banking financial companies. The move will help provide liquidity to housing finance companies (HFCs) and non-banking finance companies (NBFCs) which have come under pressure following a series of default by IL&FS group …

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HC Seeks IRDAI Explanation On Denial Of Insurance Cover To People Suffering From Congenital Anomalies

New Delhi: The Delhi High Court has asked the Insurance Regulatory and Development Authority (IRDAI) to explain the reason for not granting insurance cover to people suffering from congenital anomalies. Congenital disorders, also known as congenital diseases or birth defects, are conditions present from birth. “What is the objection to giving insurance cover to …

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CJI Ranjan Gogoi Gives Nod To Suspend RCT Judge Involved In A Scam

NEW DELHI: Chief Justice of India Ranjan Gogoi has given clearance for the removal of the Railway Claims Tribunal judge RK Mittal, who was found guilty of financial impropriety worth Rs 50 crore in January this year. This came nine months after the Railway ministry wrote to the CJI’s office, as …

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