ABSTRACT Lenders have long been a vital a part of the checks and balances essential to good corporate governance, but in recent years many have begun to abandon their role. This dereliction of duty has gone largely unnoticed and under theorized, but has enormous consequences: it heralds the disappearance of a vital source of fiscal…
View details2nd Amendment of Indian Constitution The CONSTITUTION (SECOND AMENDMENT) BILL, 1952, which was enacted as the Constitution (Second Amendment) Act, 1952, included a Statement of Objects and Reasons. OBJECTIVES AND REASONS STATEMENT The House of People has an absolute ceiling of 500 elected members, according to Article 81(1)(a). According to Article 81(1)(b), the States shall…
View detailsIntroduction It is rightly said that “Time is the king of everyone. And the advent wheel of time cannot be stop”. From a stage where a human being was having not able to have the desired products, services and goods, Globalization and Trade are the two pillars of the modern world, which have turn the…
View detailsMerchant banking is a term used to describe the professional services given by merchant bankers, which primarily include consulting and banking services. They charge a suitable level of consideration from their client in the form of a fee in exchange for their unique forms of services.In India, merchant banking plays an important role. Essentially, they…
View detailsThe Constitution (15th Amendment Act), 1963: Gave the High Court the right to issue writs to any person or authority, even if they were not subject to its territorial jurisdiction if the cause of action originated there. Judges on the high court now have to retire at age 62 instead of 60. As long as…
View detailsArbitration is considered as another process of dispute resolution in which mediation and conciliation are involved. It is regarded as an international trade fair where two parties from two different countries consult an international arbitrator by mutual agreement or arbitration and settle their dispute accordingly. Another dispute resolution process has gained momentum over the past…
View detailsThe 48th constitutional amendment introduces a new provision in subsection (5) of section 356 of the constitution to provide that in the case of a proclamation issued by the president on 6 October 1983 in relation to the Punjab state, parliament may pass a resolution on the declaration. Section 356 of the Constitution of India…
View detailsTable of Content :- Introduction Historical background Enforcement of Arbitral Award Procedure Jurisdiction Forum for Enforcement of Foreign Award Time Limit Conclusion Introduction An arbitral award refers to the decision of an arbitral tribunal, whether in a domestic or international arbitration, including any interim awards thereunder. In India, enforcement and execution of arbitral awards are…
View detailsThe Constitution (Twenty-third Amendment) Act, 1969, repealed the Scheduled Tribes reservation in Nagaland, both in the Lok Sabha and the State Legislative Assembly, and provided that the Governor could not propose more than one Anglo-Indian to any State Legislative Assembly. Prior to the modification, the Governor of the State had complete discretion over the number…
View detailsIntroduction The term conciliation is not defined in the Arbitration and Conciliation Act. However, in simple terms, conciliation is a confidential, voluntary and private dispute resolution process in which a neutral person helps the parties to reach a negotiated settlement. This method provides the disputing parties with a chance to take into consideration options facilitated…
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