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Ever since India has embraced liberal economic policies by opening up its markets post 1991-92, capital inflows generated by foreign direct investment (“FDI”) and foreign portfolio investment (“FPI”) has proved to be indispensable for the cause of propulsion of economic growth of the country
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By its judgment dated March 15, 2013, the Madras High Court (“the Court”) held that the amendment made in the year 2005 (“2005 Amendment”) to section 126 of the Patents Act, 1970 (“the Act”) pertaining to the qualifications for registration as patent agents is unconstitutional....
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The primary responsibility for preventing frauds lies with individual banks; however, the Reserve Bank of India (“RBI”) routinely advises banks about major fraud prone areas and the safeguards necessary for prevention of frauds
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While doing business in India, parties are prohibited from executing anti-competitive agreements. Generally, the agreements which cause or are likely to cause appreciable adverse effect on competition (“AAEC”) are anti-competitive agreements.
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In commercial transactions, disputes are governed by agreements between the parties. Dispute resolution clause provides for resolution of disputes through courts or alternate mechanisms, preferably arbitration.
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