Question
The principle of confidentiality in the Arbitration and
Conciliation Act, 1996 is laid down inSolution
Confidentiality, as a principle, has been a part of the Arbitration Act since its inception in terms of Section 75 of the Arbitration and Conciliation Act, 1996. However, Section 75 of the Arbitration Act only related to conciliation proceedings and not arbitration proceedings. Section 75 of the Arbitration Act provides that the conciliator and the parties shall keep confidential all matters relating to the conciliation proceedings and such confidentiality shall extend to the settlement agreement except where its disclosure is necessary for purposes of implementation and enforcement.
Under what circumstances must Reporting Entities (REs) obtain the Aadhaar number from an individual during the Customer Due Diligence (CDD) process?
Gamma Textiles Ltd. manufactures a single product with the following cost structure:
• Selling Price per unit: ₹500
• Variable Cost ...
Which of the following transactions is capital expenditure?
The 4Cs approach often mentioned in cluster development refers to:
Company A and Company B merge to form Company AB. Assets and liabilities are taken over at book value, and shareholders of both companies continue to ha...
Parent Ltd. acquires 80% shares of Subsidiary Ltd. for ₹8,00,000 when Subsidiary’s net assets = ₹9,00,000. Calculate Minority Interest at acquisit...
What is the minimum duration for which a small account can remain operational after opening without furnishing an Officially Valid Document (OVD)?
In the merger of X Ltd. and Y Ltd., it is decided that the amalgamation will be in the nature of a merger (as per AS-14). Which of the following conditi...
What is the primary role of the Central KYC Records Registry (CKYCR)?Â
Refer to the following information to answer the next 4 questions.