Civil Courts can execute Lok Adalat Awards

“Every award of a Lok Adalat including an order recording a settlement between the parties in a “cheque bounce case” under 138 NI Act, is deemed a civil court decree, and as such it is executable by a civil court” ……… the Supreme Court ruled.

Prohibition of Unfair Practices in Technical Educational Institutions, Medical Educational Institutions and Universities Bill, 2010

The Union Cabinet today approved the official amendment to the Prohibition of Unfair Practices in Technical Educational Institutions, Medical Educational Institutions and Universities Bill, 2010 based on the recommendations of the Parliamentary Standing Committee on HRD for consideration of the Parliament. The Bill aims to provide an institutional mechanism for preventing, prohibiting and punishing...

Introduction of the Export-Import Bank of India (Amendment) Bill 2011

The Union Cabinet today approved the introduction of “The Export Import Bank of India (Amendment) Bill, 2011” to amend the Export – Import Bank Act, 1981 (the Act) in the Parliament. The Bill seeks to increase the authorised capital of the Exim Bank from Rs.2000 crore to Rs.10,000 crore with the provision that the Central Government may, further, by notification, increase the said capital up...

Islamic Banking

Author: Kunal Singh Modern banking system was introduced into the Muslim countries at a time when they were politically and economically at the lowest ebb in the late 19th century. The main banks in the home countries of the imperial powers established local branches in the capitals of the subject countries and they catered mainly to the import-export requirements of the foreign businesses. The...

The validity period of cheques/ DDs reduced from 6 months to 3 months.

The validity period of cheques/ DDs reduced from 6 months to 3 months. This will be effective 1.4.2012. For further information Copy of the RBI Circulation has been given below RBI/2011-12/251 DBOD.AML BC.No.47/14.01.001/2011-12 November 4, 2011 The Chairmen/Chief Executive Officers All Scheduled Commercial Banks (excluding RRBs)/Local Area Banks Dear Sir, Payment of Cheques/Drafts/Pay Orders/Banker’s...

India Trademark Attorney

There are two ways to become an India Trademark Attorney. One being eligible by professional qualification to practice before the Trade Mark Registry of India or pasing the qualifying examination conducted for becoming a Trade Mark Agent. The Trademarks Registry conduct an examination to admit persons to become Trademark Agents entitled to practice before the Trademarks Registry. The qualification...

Hindu woman entitled to equal property rights and Liabilities

This judgment of Supreme court upholding the amendment to the Hindu Succession Act, under which a Hindu woman / daughter will have equal rights over the property as other male member. Ganduri Koteshwaramma & Anr. VersusChakiri Yanadi & Anr. (Supreme Court) A Hindu woman or girl will have equal property rights along with other male relatives for any partition made in intestate succession after...