Arbitration and Conciliation Act - In foreign arbitration, without affording any reason the arbitrator cannot consolidate issues arising in string arbitrations into single arbitration : HC (See 'Legal Desk') Global body on weights & measures re-defines four units (See 'Corp Brief') RBI to shortly commence issuing new series of Rs 10/- denomination notes bearing signature of its chief Shaktikanta Das Jaguar Land Rover unit turnaround helps Tata Motors to generate profits in Q4 Google restricts Huawei from using Android apps and updates post ban in US RBI to examine recommendations of High Level Committee on Deepening of Digital Payments Competition Act 2002 - Allegations of contravening Sections 3 & 4 are untenable where they appear to be based on after-thoughts & seek to give color of competition issue to a commercial dispute: CCI (See 'Legal Desk') Design Act, 2000 - Non-appearance by defendant at assigned hearing date to rebut the ex parte evidence led by plaintiff in favor of piracy against registered design, merits case of permanent injunction: HC (See 'Legal Desk') SEBI renews recognition of NSE International Clearing as clearing corporation (See 'Dashboard') MCA amends rules for appointment of Directors; mandates directors of company to file e-form ACTIVE (See 'Dashboard') RBI extends effect of directions issued to regional bank (See 'Corp Brief') Navy test fires missile developed by Bharat Dynamics Ltd (See 'Corp Brief') BIS & Department of Science & Technology to frame norms for indigenous e-vehicle charging stations Silicon Valley-based IT company sues US Govt for denying H1-B visa to Indian techie Bajaj Auto Q4 net profit jumps by 5%; touches Rs 1306 Crores Nominee director of Etihad Robin Kamark resigns from Jet Airways' board MCA invites applications for 3 Judicial Member & 4 Technical Member vacancies in NCLAT (See 'Dashboard') Competition Act 2002 - Allegations of abuse of dominant position are untenable if issues raised do not prima facie reveal any competition issue: CCI (See 'Legal Desk') Trade Marks Act, 1999 - Just because nutraceuticals are named so even though used for curing ailments in patients, does not mean that stringent test of passing off as applicable to pharmaceutical would not apply to it : HC (See 'Legal Desk') Arbitration and Conciliation Act, 1996 - Once arbitration is terminated u/s 32(2)(c) there is no other remedy to recall such termination under any other provisions of the Act: SC (See 'Legal Desk') WhatsApp issues cease & desist notices to several bogus companies in India to check counterfeit version of app Turkey re-imposes tax on certain foreign currency sales Hyundai collaborates with ALD Automotive for long term vehicle lease offerings

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By Namrata Arora & Kanika Dhawan

Converting into a Limited Liability Partnership - India tax implications

Published: May 13, 2019

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