Corporate Law Articles

Limitation period is 3 years even if default fall before enactment of IBC 2016

Posted by FCS Deepak Pratap Singh 22 February 2022 3106 Views

Limitation period for initiation of CIRP is 3 years from the date of default even if a default took place prior to the enactment of IBC,2016.

Compliance with latest CSR obligations as per Sec 135 of Companies Act, 2013

Posted by InstaFiling Team 22 February 2022 2297 Views

As the financial year comes to an end, apart from other compliances, it is important to ensure proper compliance with the CSR obligations under section 135 of t...

All about Uniform Customs and Practice for Documentary Credits (UCP)

Posted by FCS Deepak Pratap Singh 21 February 2022 5587 Views

A Documentary Letter of Credit or LC is an irrevocable, written undertaking by a commercial bank, issued at the request of the buyer (applicant) in favor of the seller (the beneficiary), to the effect that payment for certain goods or services will be made against a complying presentation of documents.

Some facts related to bank guarantees

Posted by FCS Deepak Pratap Singh 21 February 2022 7394 Views

A bank guarantee or also known as BG is a legal document issued by a bank or a financial institution to assure exporters/sellers/suppliers that they would be paid on time if the applicant/importer/buyer fails to pay the amount or fulfill the terms & conditions mentioned in the contract.

Exclusive jurisdiction of MACT in motor accident cases

Posted by FCS Deepak Pratap Singh 21 February 2022 3359 Views

In 1988 Motor Vehicle Act, 1988 was passed by the parliament of India. This act is responsible for covering all the aspects that are related to road transport vehicles. Furthermore, this act provided licensing to the conductors and the drivers as well as registration of motor vehicles.

Claim cannot be denied on the basis that vehicle has transferred

Posted by FCS Deepak Pratap Singh 17 February 2022 1941 Views

Claim cannot be denied to the seller of the vehicle on the fact that the vehicle is sold to another person unless the sale is complete and ownership of the vehicle is transferred to buyer.

EPF Scheme / Investment: Top 10 Key Updates - Part 1

Posted by CS Lalit Rajput 16 February 2022 5509 Views

EPF is the main scheme, under which retirement benefits are accumulated, launched under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952 and which is managed under the aegis of Employees' Provident Fund Organisation (EPFO).

Contributory negligence - Passengers travelling in horse cart

Posted by FCS Deepak Pratap Singh 14 February 2022 1026 Views

Passengers travelling in vehicle cannot be held responsible for contributory negligence of the driver of the vehicle and claim cannot be reduced on the same ground.