Merchant 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…
The 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…
Arbitration 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…
The 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…
Table 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…
The Constitution (Twenty-third Amendment) Act, 1969, repealed the Scheduled Tribes reservation in Nagaland, both in the Lok Sabha and the State Legislative Assembly, and provided that the Governor could not propose more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…
Introduction 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…
BENCH- JUSTICE MADAN B. LOKUR, PRAFULLA C. PANT JUDGEMENT BY- JUSTICE MADAN B. LOKUR DATE- 7 APRIL 2017 INTRODUCTION The Consumer Protection Act, is usually understood by the public as the act which protects the rights and needs of consumers through its legislation and provisions under it but most of us are not aware of…
BACKGROUND OF THE ACTS The East India Company was recognized and accepted as the political power in Bengal in 1757 after the battle of Plassey. In order to avoid the interference by the British Parliament and jealousy of the French and the Portuguese, the company refrained from declaring itself a de jure political power and…
Devolution The term “Devolution” has a few different definitions. This legal term refers to the transfer of property that occurs as a result of a person’s death, bankruptcy, receivership, and/or liquidation of a corporation that holds an application or mineral title or an interest therein. The application or mineral title will be delivered to the…
