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Lawstreet Journal Oct -Dec, 2018
Under Rule 40, Part VI, Chapter II of the Bar Council of India (BCI) Rules, the advocates are required to contribute to the welfare fund by making payment to the State Bar Council at prescribed intervals. Out of the amount collected, 20% is to be remitted to the BCI every month and the rest 80% is to be used by the State Bar Council for welfare activities of the advocates in the state. An annual report is also required to be submitted to the BCI to this end.
Lawstreet Journal Edition: 4/Volume 1
In a regulatory filing in January 2018, Punjab National Bank (PNB)reported approximately Rs 11,400 crores fraud involving billionaire jeweller Nirav Modi, his uncle Mehul Choksi and a few other family members. The fraud was committed by misusing the Letters of Undertaking or LoUs issued by the Punjab National Bank. This is one of the biggest scams in the country’s corporate history.
Lawstreet Journal , Edition 3, Volume 1 From : April - June, 2018
Indian judiciary is one of the best in the world. The Supreme Court of India is considered to be the noblest institution of the country. It is the custodian of the Constitution. People of India repose strongest faith in the Apex Court.