Tag: New Delhi International Arbitration Centre

New Delhi: The Union Cabinet on Wednesday approved introduction of the Chit Funds (Amendment) Bill, 2019 in Parliament to streamline the sector and reduce the regulatory or compliance burden of registered chit funds industry. The Bill will also put in place mechanism to ensure transparency in chit fund schemes and protect subscribers. Announcing the decision, […]

New Delhi: A Bill seeking to make India a hub of arbitration for settling commercial disputes in a shorter period of time was passed in the Lok Sabha on Thursday by voice vote. The Arbitration and Conciliation (Amendment) Bill, 2019, moved by Law Minister Ravi Shankar Prasad for passage, seeks to set up the New […]