Goods and Services Tax : The President of India has promulgated ordinance amending the Arbitration and Conciliation Act, 1996.This ordinance comes into for...
Corporate Law : G S Rao Introduction: Sections 138 to 142 of Negotiable Instruments Act,1881(NI Act) which deal with offence and prosecution for d...
Corporate Law : The issue of dishnour of ‘At Par” cheques needs attention in view of the fact the cheque really does not travel to the drawee ...
Company Law : G S Rao Introduction: Inter corporate loans and investments play a vital role in the growth of Industries since they result in flo...
Company Law : G S Rao Introduction: Corporate Social Responsibility (CSR) is attracting the attention of every Company and stakeholders. CSR act...
The President of India has promulgated ordinance amending the Arbitration and Conciliation Act, 1996.This ordinance comes into force from 23rd October,2015. It is likely to be approved by the parliament in winter session and becomes part of the Arbitration Act, 1996 on its approval. In this article an attempt is made to analyze the amendments to appreciate the practicality or impracticality of these amendments.
G S Rao Introduction: Sections 138 to 142 of Negotiable Instruments Act,1881(NI Act) which deal with offence and prosecution for dishonour cheques were brought into force with effect from April 1, 1989 by Section 4 of the Banking Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988.
The issue of dishnour of ‘At Par” cheques needs attention in view of the fact the cheque really does not travel to the drawee bank’s place unlike in olden days. Now clearances are done through electronic transfers. Keeping this in view, strict interpretation followed in Dashrath Rathod case may be relaxed in public interest. Apex court may also take into view that this relaxation does not result in multiplicity of complaints.
G S Rao Introduction: Inter corporate loans and investments play a vital role in the growth of Industries since they result in flow of funds to group companies or other companies in need of funds. In the Companies Act, 1956 Section 372-A deals with inter corporate loans and investments. In 1998 to give free hand […]
G S Rao Introduction: Corporate Social Responsibility (CSR) is attracting the attention of every Company and stakeholders. CSR activities are not new but it has been recently the mostly discussed or debated topic for the reason that companies Act has made it mandatory for certain companies to spend 2% of average net profits of 3 […]
Recently the Supreme Court in M/s Laxmi Dye Chem Vs State of Gujarat & Ors set aside the order of high court of which quashed the Complaints filed before the trial court u/s 138 of the Negotiable Instruments Act,1881(NI Act) for dishnour of cheques.
