RBI penalizes Pij People's Co-operative Bank for non-compliance with KYC guidelines (See 'Corpbrief') Reliance General Insurance reports 27% growth in profitability in FY 2018 Strengthening Guidelines and Raising Industry standards for RTA, Issuer Companies and Banker to an Issue (See 'Dashboard') Dynacon bags order worth Rs 10 crores from National Payments Corporation of India IBBI issues format of Annual Compliance Certificate Delhiites receive bonanza, L-G approves compensation for unscheduled power cuts (See 'TOG News') The Arbitration and Conciliation (Amendment) Bill, 2018: What's in store for you? (See 'Corp Einsicht') SEBI Act - Company cannot be accused of fraudulent activity if it provides its platform to customer for sending bulk promotional SMSes to third parties in relation to scrip of particular company in absence of any TRAI guidelines in this respect - SEBI (See 'Legal Desk') Competition Act - When certain manufacturers of dry cell battery are exchanging commercially sensitive information for purpose of production, supply and price coordination among themselves, it constitute cartelisation under Act - CCI (See 'Legal Desk') Kremoint Pharma acquires 60% stake in Eco-rich Cosmetic India YES Bank gets nod for opening two offices in London & Singapore BSE Bond platform till date raises Rs 6,900 crores BP and Reliance sanction second phase of integrated KG D6 development Honeywell Automation announces expansion of its manufacturing facility in Pune Reliance Infrastructure bags Rs 774 crore EPC contract from Rail Vikas Nigam PM inaugurates railway line in Maoist heartland in Chhattisgarh (See 'TOG News') MSME workshop debates on problems of N-E units (See 'Corp Brief') CCI imposes penalty of about Rs 213 cr on leading battery manufacturers (See 'Corpbrief') Construction industry has 5 Cr workers but only 2.86 Cr are registered: Gangwar (See 'CorpBrief') Construction industry has 5 Cr workers but only 2.86 Cr are registered: Gangwar (See 'Corp Brief') CBDT Diktat on Misconduct - But, Mr Prime Minister, Actual High-handedness lies in Revenue Target Fixation! (See 'COB(Web) ' in 'Taxindiaonline.com') Arbitration and Conciliation Act - Party which accepted LoI & entered into binding agreement with another party, cannot demand compensation on account of loss arises on supply made in terms of previous LoI - HC (See 'Legal Desk') SEBI Act - Entities repeatedly carrying out transactions of reversals & predetermined arrangement to book profits depriving other market players from full participation are indulged in unfair trade practice - SEBI (See 'Legal Desk') Maruti Suzuki tops utility vehicle segment with 27.53% market share in last fiscal Mahindra launches Plush New XUV500 PTron launches Pride Earphones Insolvency and Bankruptcy Code - On failure to deposit installments as directed in court order, by JAL Court can attach personal properties of its directors - SC (See 'Breaking News') Competition Act - Penalty for not furnishing information u/s 43A is imposable where information is not disclosed with mala fide intention: SC (See 'Breaking News') Competition Act - Company is duty bound to notify bulk deal of acquisition of shares to commission in accordance to section 6(2) of the Act when Press Release indicates that acquisition is not merely an investment but is part of long term deal - SC (See 'Breaking News') TRAI unveils portal to compare telco's tariffs (See 'Corp Brief') Trademark Act - Unauthorized use of deceptively similar mark UNIQUE in relation to identical product law books having identical trade channels is unfair & amounts to breach of law : HC SARFAESI Act - Before releasing possession of mortgaged property creditor bank cannot demand funds over & above amount received on full and final settlement from Borrower - HC (See 'Legal Desk') HCL Infosystems scraps sale deal with Axis Investment New digital platform launched for MSME exporters (See 'Corpbrief') Electrosteel is first to be axed under insolvency code (See 'Corpbrief') Amendment to the Securities and Exchange Board of India (STP Centralised Hub and STP Service Providers) Guidelines (See 'Dashboard') Govt releases Rs 120 cr for old age pension scheme (See 'TOG News') Arbitration and Conciliation Act – LOI is cord to business contract and any clause of arbitration incorporated in same will have binding force on either of party - SC (See 'Legal Desk') Companies Act - Directors of DDCA, cannot demand exclusion of their tenure as member of the executive committee, after mandatory requirement of 9 year tenure restriction - HC (See 'Legal Desk') Tata Power Skill Development Institute is now ISO 9001 & ISO 29990 certified Adani Ports inks long term regasification pact with Indian Oil for Dhamra LNG terminal BHEL wins order for ESP package at Ramagundam Super Thermal Power Station Govt notifies new rules for better management of plastic waste (See 'TOG News') Govt's 'carrot & stick' policy curtails Left-wing extremism (See 'TOG News') Arbitration and Conciliation Act - When Umpire replaces arbitrators upon reference, this doesn't ipso facto means de novo hearing, specially when award doesn't disclose manifestly erroneous approach - SC (See 'Legal Desk') CA Act - Since CA Act doesn't prescribe and fix a minimum quorum, temporary recusal of member in particular appeal for justifiable reasons, would not make Appellate Tribunal dysfunctional - HC (See 'Legal Desk') SEBI Act - When it is prima facie clear that amounts transferred by appellant to one contractor came back by way of ICD through four connected entities, allegation of its involvement in round tripped of funds deserves to be upheld - SAT (See 'Legal Desk') Reliance Infra bags three packages of Mumbai Metro Line-4 with bid value of Rs 1,584 cr HFCL proactively promoting govt's 'Make in India' initiative (See 'Corpbrief') Govt launches e-payment module for CPWD (See 'Corp Brief') Govt to issue Sovereign Gold Bond (See 'Corp Brief') Ashok Leyland wins order for 10x10 vehicles to carry the Smerch Rockets Govt launches e-FRRO scheme for efficient services to foreigners (See 'Tog News') IL&FS Engineering Services wins Rs 129.66 cr Pipeline Laying Contract Guidelines for issuance of debt securities by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) (See 'Dashboard') Comparing India & China in terms of infrastructure is uneven, says Raghuram Rajan (See 'TOG News') Investments by FPIs in Government and Corporate debt securities (See 'Dashboard') CAG raps Govt for coastal security lapses in Andamans (See 'TOG News' in Taxongo.com) Arbitration and Conciliation Act - Issue regarding installation of equipment beyond area sanctioned can be adjudicated before arbitrator, Court is right in dismissing Appeal - HC (See 'Legal Desk') Govt releases Rs 23,147 cr for MNREGS (See 'TOG News') MCA, Serious Fraud Investigation Office, Recruitment (Amendment) Rules, 2018 (See 'Dashboard') Performance disclosure post consolidation/ Merger of Schemes (See 'Dashboard') DIPP amends definition of 'Start-up', lays down procedure for recognition & certification (See 'Dashboard') IBBI & IICA ink MoU for benefit of Insolvency professionals

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By Punit Dutt Tyagi

The Arbitration and Conciliation (Amendment) Bill, 2018: What's in store for you?

Published: Apr 20, 2018

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