Category Archives: Consumer Law

Arbitration clause has no existence in an unstamped agreement: SC

The Supreme Court of India recently held that an arbitration clause has no existence until the contract containing the arbitration clause is duly stamped. “When an arbitration clause is contained “in a contract”, it is significant that the agreement only … Continue reading

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Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

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Arbitrator to be replaced as per agreement between parties: SC

Setting aside an arbitral award under Article 142 of the Constitution of India, the Supreme Court of India recently held that the courts cannot replace the arbitrator in deviation of the terms of the agreement between the parties The Court … Continue reading

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National Guidelines on Responsible Business Conduct released: Govt.

Indian Ministry of Corporate Affairs has revised the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business, 2011 (NVGs) and formulated the National Guidelines on Responsible Business Conduct (NGRBC). These guidelines urge businesses to actualize the principles in letter and … Continue reading

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Active Company Tagging Identities and Verification rules: Govt.

Ministry of Corporate Affairs (“MCA”) vide its notification dated February 21, 2019 amended Companies (Incorporation) Rules, 2014 by insertion of new rule 25A  – “Active Company Tagging Identities and Verification (ACTIVE)” with effect from February 25, 2019. Per the notification, every … Continue reading

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Turant Customs – Next generation reform for Ease of Doing Business: Govt.

The Government of India vide Circular No. 09/2019-Customs dated February 28, 2019 introduced next generation of reform called ‘Turant Customs’ for ease of doing business, which includes the following key elements to be implemented in next few months: In terms … Continue reading

Posted in Administrative Law, Consumer Law, Contract Law, customs law, FDI, General Law, International Law, Notifications/Publications/Circulars, Trade Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Awards must be challenged within the time limit: SC

The Supreme Court of India recently clarified that an application to set aside arbitral award must be made within the strict statutory timeline and this timeline cannot be extended thereafter by using the provision of “sufficient cause” under the Limitation Act, … Continue reading

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