RBI can now restrict currency, that a person may bring into or take outside India

The Foreign Exchange Department, Reserve Bank of India, on 04.12.2020 published the Foreign Exchange Management (Export and Import of Currency) (Second Amendment) Regulations, 2020 vide Notification No. FEMA 6 (R)/ (3)/2020-RB. As per the amendment, notwithstanding anything contained in Foreign Exchange Management (Export and Import of Currency) Regulations, 2015, the Reserve Bank, may, in public […]

SC directs CG to make amendments to Tribunal, Appellate Tribunal and other Authorities Rules

The Hon’ble Supreme Court, on 27th November 2020, in the matter of Madras Bar Association v. Union of India issued directions regarding  selection, appointment, tenure, conditions of service, and ancillary matters relating to various tribunals, which act in aid of the judicial branch. Furthermore it directed the Central Government to make amendments to the Tribunal, […]

SC: S.7 of Commercial Courts Act only applies where HC has ordinary original civil jurisdiction

The Hon’ble Supreme Court, on 1st December 2020, in the matter of S.D. Containers Indore v. M/s. Mold Tek Packaging Ltd. held that Section 7 of the Commercial Courts Act, 2015 only deals with the situation where the High Courts have ordinary original civil jurisdiction. There is no provision in the Commercial Courts Act, 2015, […]

Existing drug import license to be valid till application for fresh one is pending

The Department of Health and Family Welfare, Ministry of Health and Family Welfare, on 26.11.2020, vide notification S.O. 4244(E). notified that for import of drugs for sale or distribution, if an existing valid import licence holder, makes an application for a fresh import licence before the expiry of the existing licence, the existing import licence shall be […]