Tag Archives: bank

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

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Lower House passes The DNA Technology (Use and Application) Regulation Bill, 2019

Indian Lower House today passed “The DNA Technology (Use and Application) Regulation Bill – 2019”. The Bill has been formulated recognizing the need for regulation of the use and application of Deoxyribonucleic Acid (DNA) technology, for establishing identity of missing … Continue reading

Posted in Constitution Law, Criminal Law, Evidence Law, Family Law, General Law, International Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Foreign corporations can’t be sued under ATS: USSC

The United States Supreme Court ruled that foreign corporations cannot be sued in United States by foreign victims of human rights abuses and extremist attacks under the Alien Tort Statute (“ATS”) “As demonstrated by this litigation, foreign corporate defendants create … Continue reading

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Issuance of bank guarantee will not confer territorial jurisdiction on court: DHC

The Delhi High Court recently reiterated that merely issuance of bank guarantee within the territory of a court will not confer territorial jurisdiction on the court when the guarantee itself vests jurisdiction in courts outside India. The Court said, “…….it … Continue reading

Posted in Arbitration Conciliation Law, Banking Law, Company Law, Contract Law, General Law, International Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Foreign Exchange Management Regulations, 2017 issued: RBI

The Reserve Bank of India (RBI) has issued the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2017 (2017 Regulations). The 2017 Regulations consolidate the regulations, compliances and restrictions applicable to foreign investment … Continue reading

Posted in Administrative Law, Banking Law, Company Law, FDI, General Law, International Law, Notifications/Publications/Circulars, Securities Law, Trade Law, WTO/GATT | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Arbitration seat determines courts’ jurisdiction: SC

The Supreme Court of India recently held that when an agreement provided for a specific seat of arbitration and restricted the jurisdiction of all courts except for the court of the seat of arbitration, no other court will have any … Continue reading

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Notifications & Circulars issued by RBI are of statutory nature: BHC

The Bombay High Court recently held that notifications and circulars issued by the Reserve Bank of India are of statutory nature and therefore binding on all concerned parties. The Court said that the banking companies cannot act as per their … Continue reading

Posted in Administrative Law, Banking Law, Company Law, Contract Law, General Law, Income Tax Law, Notifications/Publications/Circulars | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment