Hon’ble Justice Satish Chandra Sharma was born on 30th November 1961, in Madhya Pradesh’s Jabalpur. He completed his LLB degree with three university gold medals in 1984. He was also awarded National Merit Scholarship for Post Graduate Studies. His father, Dr. B N Sharma was an eminent academician who served as a professor at Jabalpur…
View detailsKYC or ‘Know Your Customer’ is systematic mechanism devised by the Government to try and bring a halt to the financial crimes as well as the illegal practise of money laundering under the Prevention of Money Laundering Act of 2002. It entails a mandatory procedure for the proper verification of the client/customer’s identity and their…
View detailsMoney laundering can be appropriately described as an activity, deemed illegal as per the law of the land, which involves the intentional covering-up of the money and its forging, which has been obtained from illicit activities like corruption, trafficking of drugs, gambling, illegal trading, prostitution rings, sale of arms and weapons etc. The individuals involved…
View detailsIndian Constitution has evolved throughout the British rule decade after decade. The traces of British rule are first known to be as mere ‘traders’ in the 1600 under the rule of Mughal Emperor-Aurangzeb. Although the French, the Portuguese and the Dutch had also been competing with the English but the East Indian Company (EIC) by…
View detailsIntrоduсtiоn The stаtement оf сlаim аnd the stаtement оf defenсe аre the рrimаry filings оf the аrbitrаtiоn рrосeedings. The сlаimаnt submits а ‘stаtement оf сlаims’ (sос) befоre the аrbitrаl tribunаl. Thrоugh the sос, the сlаimаnt рrоvides the fасts suрроrting his сlаims, the роints оf issues, аnd the reliefs sоught. Оn the оther hаnd, the resроndent …
View detailsMoney laundering undermines financial firms that are vital for economic progress, encourages fraud and terrorism that impede productivity expansion, and lowers productivity in the rest of the economy. The majority of international research is focused on the drug trade and terrorist groups which are mainly the two money-laundering industries. It is evident what happens when drug money…
View detailsINTRODUCTION Absolute monarchies were the first states to form in Europe during the early modern era. The king held most of the authority in these hierarchical or organic governments. However, as their economies changed, culminating in the industrial revolution, so did political beliefs about how people should be governed. In the second part of the…
View detailsReversionReversion in real estate is the ability to take back possession or ownership of a property after a given amount of time has passed or a specific event has taken place. The original owner of the property frequently holds the reversionary interest, which becomes effective when a certain event occurs. The original conveyance document must…
View detailsDeterminаtiоn оf rules оf рrосedure. 1. The аrbitrаl tribunаl shаll nоt be bоund by the соde оf сivil рrосedure, 1908 (5 оf 1908). Оr the indiаn evidenсe асt, 1872 (1 оf 1872). 2. Subjeсt tо this раrt, the раrties аre free tо аgree оn the рrосedure tо be fоllоwed by the аrbitrаl tribunаl in соnduсting …
View detailsImmovable Property Meaning According to several sources and popular understanding, moveable property includes items like jewellery, watches, laptops, cash, and more. Both Section 12(36) of the General Clause Act of 1847 and the Transfer of Property Act of 1882 refer to “movable property.” Movable property is defined as “any corporeal property, save land and items…
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