Arbitration agreement in an unstamped instrument which is liable to a stamp duty is not enforceable.
N.N.Global Mercantile (P.) Ltd. v. Indo Unique Flame Ltd. – [2023] 149 taxmann.com 435 (SC).
SEBI bars Stock Brokers/Clearing Members from creating bank guarantees out of client’s funds effective 1-5-2023. All such existing BG’s created out of client’s funds to be wound down by 30-9-2023.
Circular No. SEBI/HO/MIRSD/MIRSD-POD-1/P/CIR/2023/061, dated 25-4-2023.
No interference was to be made in instant proceedings where litigation relating to the matter was pending before NCLAT.
Srei Equipment Finance Ltd. v. Kalptaru Properties (P.) Ltd. – [2023] 149 taxmann.com 34 (SC).
President gives assent to the Competition (Amendment) Act, 2023.
Act No. 9 of 2023, dated 11-4-2023.
RBI releases framework for acceptance of Green Deposits by Regulated Entities.
Circular no. RBI/2023-24/14 DOR.SFG.REC.10/30-01-021/2023-24, dated 11-4-2023.