In a recent judgment by the Hon’ble High Court of Delhi, the issue of non-applicability of Section 65-B of the Indian Evidence Act in arbitral proceedings was addressed. The dispute arose from an agreement for transport services, which led to the parties engaging in arbitration at the Delhi International Arbitration Centre (DIAC).
Have you inherited, collected or are in possession of any books, statues, coins, manuscripts, sculptures etc.? Because if you have, then there are some compliance obligations upon you under law before you can ‘lawfully’ own the same and/or deal with them. Antiquities (identified as ‘antiques’ in common parlance) in India are governed by The Antiquities
Law Relating To “Antiquities” In India – Be Aware Of Your Obligations! Read More »
As the name suggests, The Prevention of Money-Laundering Act (PMLA), 2002 is an Act to prevent money-laundering and to provide for confiscation of property derived from, or involved in, money-laundering and for matters connected therewith or incidental thereto. Illegally obtained funds are laundered and moved around the globe using shell companies, intermediaries. In this way,
The Prevention of Money-Laundering Act, 2002 (PMLA) Read More »
The Father of our Nation, Mahatma Gandhi exclaimed that money is not evil as such but is the root cause of evil intents. Money is required for the proper functioning of societies post the Barter system generations but the manner in which it is used must be regulated due to the power it possesses. Money
Money Laundering in India – Introduction Read More »
Overview Anticipatory bail, as the name suggests, is bail granted to a person in anticipation and apprehending arrest. It is a preventive relief which was not originally included in The Code of Criminal Procedure, 1973 (‘CrPC’). The necessity for granting anticipatory bail arises mainly because sometimes influential persons try to implicate their rivals in false
Anticipatory Bail in India: Know Your Rights and Legal Safeguards Read More »
India’s transportation infrastructure has witnessed significant developments, including road network expansion, rail modernization, port enhancements, and aviation growth, all contributing to the country’s economic progress.
The Advantages Of Indian Infrastructure For Startups Read More »
Aadhaar is a unique identification number assigned to residents of India by the Unique Identification Authority of India (UIDAI). It serves as a proof of identity and address and is a 12-digit number that is linked to a resident’s biometric data. The use of Aadhaar is becoming increasingly prevalent, and it is now being used
Submitting Aadhaar Number Voluntarily: A Step-by-Step Guide Read More »
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] KYC (Know Your Customer) is a critical component in the financial sector as it helps prevent money laundering and terrorist financing. Reporting entities, such as banking institutions, financial institutions, intermediaries, and others, must follow specific obligations regarding the maintenance of KYC records. However, it’s essential to understand the
The Dos and Don’ts of Using KYC Records for Reporting Entities Read More »
As the world becomes more interconnected, financial institutions and intermediaries face increasingly complex challenges to prevent money laundering, terrorist financing and other forms of financial crimes. To combat these crimes, governments around the world have introduced laws and regulations that require financial institutions to perform customer due diligence (CDD). Central KYC Records Registry is a
The Role of Central KYC Records Registry in Customer Due Diligence Read More »
