Corporate Law Articles

Effect of the expression "Age Admitted" under insurance policy

FCS Deepak Pratap Singh 25 January 2022 at 09:49

Age is one of the most important facts to be declared by the customer at the time of onboarding, because the rate of premium, the risk attached to his age, his medical conditions, etc., will be determined on the age.

Agreed bank clause in insurance policies

FCS Deepak Pratap Singh 24 January 2022 at 08:56

This "Agreed Bank Clause" generally called Special Clause or Special Terms and Conditions under Insurance Policy.

Withdraw of Fund from EPF account related to COVID

CS Lalit Rajput 22 January 2022 at 16:22

The government had allowed employees to withdraw from their provident fund account in case they needed emergency funds due to financial stress caused by the covid-19 pandemic.

Courts cannot relax terms and conditions of insurance policy

FCS Deepak Pratap Singh 16 January 2022 at 08:01

Of the case are that complainant, M/s.Dharmanandan Dismonds Pvt. Ltd. has given diamonds to one commission agent Mr. Arjanbhai Mangukia to show the diamonds to the prospective buyers by issuing "Janghad slip" on 10.06.2002.

Downstream investments & regulations under FEMA 1999

FCS Deepak Pratap Singh 12 January 2022 at 11:45

Downstream Investment under FEMA,1999 means investment by an Indian entity having FDI into another Indian entity. The first foreign investment is called Foreign Direct Investment and later one is called Foreign Indirect Investment.

Concept of Rupee Denominated Bonds (Masala Bonds)

FCS Deepak Pratap Singh 11 January 2022 at 10:45

The RBI after consultation with the Department of Economic Affairs, Ministry of Finance, Government of India has come out with the concept of Rupee Denominated Bonds, generally known as "MASALA BONDS" in the overseas market. These bonds are utilized as a tool by eligible Indian entities to raise funds from overseas.