Failure or impossibility to act (1) The mandate of an arbitrator shall terminate [and he shall be substituted by another arbitrator,] if— (a) he becomes de jure or de facto unable to perform his functions or for other reasons fails to act without undue delay; and (b) he withdraws from his office or the parties agree to the termination […]
Section 14 – Arbitration And Conciliation Act, 1996 Read More »
Challenge procedure (1) Subject to sub-section (4), the parties are free to agree on a procedure for challenging an arbitrator. (2) Failing any agreement referred to in sub-section (1), a party who intends to challenge an arbitrator shall, within fifteen days after becoming aware of the constitution of the arbitral tribunal or after becoming aware
Section 13 – Arbitration And Conciliation Act, 1996 Read More »
Grounds for challenge (1) When a person is approached in connection with his possible appointment as an arbitrator, he shall disclose in writing any circumstances,— (a) such as the existence either direct or indirect, of any past or present relationship with or interest in any of the parties or in relation to the subject
Section 12 – Arbitration And Conciliation Act, 1996 Read More »
Power of Central Government to amend Fourth Schedule (1) If the Central Government is satisfied that it is necessary or expedient so to do, it may, by notification in the Official Gazette, amend the Fourth Schedule and thereupon the Fourth Schedule shall be deemed to have been amended accordingly. (2) A copy of every notification
Section 11A – Arbitration And Conciliation Act, 1996 Read More »
Appointment of arbitrators (1) A person of any nationality may be an arbitrator, unless otherwise agreed by the parties. (2) Subject to sub-section (6), the parties are free to agree on a procedure for appointing the arbitrator or arbitrators. (3) Failing any agreement referred to in sub-section (2), in an arbitration with three arbitrators, each
Section 11 – Arbitration And Conciliation Act, 1996 Read More »
DPIN serves as a unique identifier assigned to each designated partner within the LLP. It plays a pivotal role in regulatory compliance, accountability, and transparency of the LLP’s operations as well as the official acts carried out by DPIN holders. In simple words, it is a means by which regulatory authorities, partners, and other stakeholders monitor
Designated Partner Identification Number (DPIN) Read More »
Food Processing includes process under which any raw product of agriculture, dairy, animal husbandry, meat, poultry or fishing is transformed through a process (involving employees, power, machines or money) in such a way that its original physical properties undergo a change and the transformed product has commercial value and is suitable for human and animal consumption.
National Food Processing Policy Read More »
Unlisted shares taxation in India is divided into two categories – long-term capital gains tax and short-term capital gains tax. These differ based on the holding period of the investment there is a surge in equity transactions, investments, and so on. Indian investors have moved beyond conventional gold, silver, and real estate investments to shares, and
taxation of unlisted shares in india Read More »
An appeal is a remedial concept determined as an individual’s right to seek justice against an unjust decree/order via referring it to a Superior Court. Sections 96 to 99A; 107 to 108 & Order 41 of the Code of Civil Procedure, 1908 deal with appeals from original decrees known as First appeals. Meaning of appeal The term ‘appeal’ nowhere
Appeals – Civil Law Read More »
In India, a court marriage means a marriage solemnised under the Special Marriage Act, 1954 (‘Act’). A couple belonging to any caste, religion or nationality can solemnise the court marriage in the presence of a marriage officer and three witnesses. The marriage officer is usually the Sub-Registrar appointed under the Act.Court Marriage is an economical