What is Statutory Arbitration? There are various statutes providing for dispute resolution by way of arbitration, even though parties did not have an express arbitration clause between them i.e., Section 7-B of Telegraph Act,1885, Section 52 of Electricity Act, Section 76(2) of Electricity (Supply) Act, etc. In the same manner even Section 18 of The Micro […]
India has known to be an Entrepreneurs country and in fact, there is no hidden fact that Entrepreneurs are born in India. However, with changing times and laws and its impact, the Traditional Entrepreneurs are not getting themselves upgraded or changed with the system and this has affected them a lot in many ways. I […]
A] Lets under the Limitation Act, 1963, in brief: The Limitation Act plays a very vital role in ensuring that the non-vigilant aggrieved party does not enjoy the rights of legal remedy. The major purpose of the Limitation Act, 1963 is not to destroy or infringe the rights of an aggrieved person but to serve the public […]
India has known to be an Entrepreneurs country and in fact, there is no hidden fact that Entrepreneurs are born in India. However, with changing times and laws and its impact, the Traditional Entrepreneurs are not getting themselves upgraded or changed with the system and this has affected them a lot in many ways. I […]
Kalipeeli Taxi, the most traditional and long-running Taxi service in Mumbai got all that they could have to ensure their business is not ruined and they also had Union formed. There was a time that these Taxis always took their customer granted and their meter cheating was almost a headache. There is no doubt that […]
The term KYC (Know Your Customer) was first coined in the United States. The importance of KYC today is very much well known but still the MSME/Business entities are not giving relevant importance to KYC. The importance of why having KYC in your business system was aptly said by Dr Subir Gokarn, Deputy Governor, Reserve […]
Arbitration is of the most popular method of ADR and infact it has gained immense popularity amongst business entities and the results are quite positive and this resulted in having the Statutory Arbitration under the provisions of MSME. Arbitration is a simplified version of a trial proceedings involving limited discovery and simplified rules of evidence. […]
The main purpose of this brief article is for the Start-ups/MSME/Business Entities to understand the legal remedy available for commercial disputes and how to use alternative dispute resolution (ADR) for the growth of Business. I have touched only the relevant aspects on ADR and if you intend to know in detail, let me know via […]
I personally of the view that in India, Legal Profession is too costly and in fact such is the fee charged that for MSME and Start-ups and individuals and middle class and poor people it is almost not possible to approach Court for any remedy and this is totally against the concept of legal services at least in India and hence there shall be a law to regular the Legal Fees and there has been a debate going around since a long time but yet is pending.
Traditional Business/Retailers have long enjoyed their running of business in the same manner as there was no competition to them and infact one of the negative side of this is the way Traditional Business/Retailers long back avoided giving any importance to its customer or its grievances and infact by making Union / Association, it was […]
