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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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The US Trade Representative 301 Report found that Indian IP regime favors the native and therefore, the chances of US downgrading India in this report was most likely.1 However, the Indian government refused to participate in US unilateral...
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The banking business around the world has witnessed several changes and started practicing a developed system. Therefore, it has become necessary to amend the existing banking laws to enable the banking companies in India to be at par...
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