Monthly Archives: July 2014

Currency conversion date from date of passing of decree: DHC

In an important decision regarding enforcement of arbitral awards, the Delhi High Court held that the relevant date for currency conversion of the sum awarded would be the date of passing of a decree. Relying on an earlier Supreme Court … Continue reading

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Postal ballot voting not applies to court-convened meetings: BHC

In one of the first rulings dealing with interpretation of provisions of new Companies Act, 2013, the Bombay High Court held that that the provisions for compulsory voting by postal ballot to the exclusion of an actual meeting do not … Continue reading

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Contempt petition non-maintainable when Supreme Court judge functions under Commission of Inquiry Act: SC

A Constitution Bench of the Supreme Court of India held that contempt petition is not maintainable when the functions discharged by the sitting Supreme Court Judge under the Commissions of Inquiry Act, 1952 are purely statutory in nature independent of … Continue reading

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US Appeals Court defines ‘instrumentality’ under FCPA

In what may be the first interpretation of term ‘instrumentality’ under Foreign Corrupt Practices Act, United States Court of Appeals for Eleventh circuit ruled that an ‘instrumentality’ is an entity controlled by the government of a foreign country that performs … Continue reading

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Parties not allowed to raise same issue before multiple forums: SC

In an important ruling, the Supreme Court of India clarified that a party seeking revocation of a patent should not be allowed to raise the same issue before different adjudicating forums, and in case of such multiple filings the appropriate … Continue reading

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Revised rules for Declaration of Assets by Public Servants under Lokpal Act: Govt

Indian Government has notified fresh rules for the public servants to furnish information and annual return containing declaration of assets and liabilities. Under the Public Servants (Furnishing of Information and Annual Return of Assets and Liabilities and the Limits for … Continue reading

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Contribution to Political Parties per Companies Act: Govt

Contributions to political parties are governed by Section 182 of the Companies Act, 2013. A company that is not a Government company and which is in existence for at least last three financial years may contribute up to 7.5% of … Continue reading

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