What is power of attorney? Power of attorney is a process of delegation of power given by formal written instrument whereby the legitimate proprietor is faced with certain situations where he cannot show his presence and therefore he authorizes someone to represent him (generally a trustworthy and honorable person) in transactions like sale, leasing, registrations,…
Read MoreLiberalization in the mid to late nineties in the Indian Aviation sector saw a number of private players entering the sector and during the implementation of the Eleventh Five-Year Plan (2007-2012), India emerged as the ninth largest civil aviation market in the world. The Eleventh Five-Year Plan period witnessed a rising trend of domestic carriers…
Read MoreBefore understanding stressed assets, it is important to first understand NPAs. In terms of Banking Regulations, NPAs result out of the non-payment of interest amount or principal amount for 90 days or more. So beyond that period, the assets are classified as Non-performing but the before the period of 90 days, they are known as…
Read MoreThe rationale behind allowing enforcement of foreign awards in India is to have minimal judicial intervention and therefore before arbitration and conciliation act, we had another law which was Foreign Awards (Recognition and Enforcement) Act, 1961 which governs the enforcement aspect and further provided for technical and procedural grounds invoking which the court can refuse…
Read MoreINTRODUCTION Anticipatory bail was first mentioned in the 41st law commission report, 1969 where the committee was of the opinion that there need to have a provision for protection of accused or any person who is apprehending arrest for an offence which is non-bailable in nature. Therefore, the parliament while enacting criminal procedure code, 1973…
Read MoreINTRODUCTION Arbitration is a process under which the parties resolve the disputes outside the courts where the parties agree to refer the dispute to one or more arbitrators appointed by them, either by mutual consent or with the help of courts, by whose decision they agreed to be bound. Not all disputes are arbitrable and…
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Today, men and women both are working in offices, factories and commercial establishments. Those days are now gone when women were confined to their houses and their number was less when it comes to working in places other than their houses.As more and more women are employed more and more cases of women harassment are…
Read MoreBy Yash Choudhary (ASC Solicitors and Advocates) The United States and India sight one another as significant strategic partners to advance common interests regionally and globally. Bilateral trade in goods and services is 2% of U.S. world trade, and has grown in recent years. The trade relationship is more ensuing for India; in 2017, the…
Read MoreBY YASH CHOUDHARY (ASC SOLICITORS & ADVOCATES) The blockchain technology is a disorderly technology, also called Distributed Ledger Technology (DLT). A blockchain is a distributed ledger in which information is accumulated in a authoritative and protected way using cryptography. A blockchain is a ‘trustless’ distributed ledger, ‘trustless’ because they do not require third-party verification, but…
Read MoreBy Yash Choudhary (ASC Solicitors and Advocate’s) Investment by Foreign Venture Capital Investors (FVCI), scheduled with SEBI under the provisions of Schedule 6 of the Principal Regulations. In order to promote liberalize and rationalize the investment system for FVCIs and to provide an incentive to foreign investor in the startups. The regulatory provisions has been…
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