About Advocate Amitesh Giroti

Advocate Amitesh Giroti is an experienced Legal Associate with a demonstrated history of working in the legal service industry. He is skilled in Legal Assistance, Criminal Law and Legal Research

Duration of Internship

August 2021 (1 Month)

No. of Interns Required

1

How to Apply

Fill the Google Form to Apply

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Case Number:

Award No 36 of 1951

Equivalent Citation:

AIR 1960 Cal 463

Bench:

Single Judge Bench, Justice G Mitter presiding

Decided On:

Thursday, 30th July 1959

Relevant Acts And Sections:

  1. Section 45 of the Partnership Act, 1932
  2. Sections 249 and 251 of the Contract Act, 1872
  3. Section 264 of the Contract Act, 1872
  4. Section 45 of the Indian Partnership Act, 1932
  5. Section 36 of the Partnership Act, 1932 
  6. Section 208 of the Contract Act, 1872
  7. Section 36 of the English Contract Act
  8. Section 50 of the Civil Procedure Code, 1908

Facts Of The Case In Brief:

M/s Juggilal Kamlapat and M/s Sew Chand Bagree had entered into a contract in the year 1948. M/s Juggilal Kamlapat (hereafter referred to as Juggilal) demanded Rs 31,000 in lieu of this contract from M/s Sew Chand Bagree (hereafter referred to as Sew Chand). There were various disagreements about which partners from Sew Chand were actually liable to pay the amount which only further delayed the payment. Aggrieved by this situation, Juggilal approached the High Court of Calcutta to reach a settlement.  According to the application made to the Court, Manik Chand Bagree, Moti Chand Bagree, and Jankidas Bagree have been projected as the partners of the Sew Chand as even mentioned in the Registrar of Firms who owe money to Juggilal. This was opposed by Manik Chand and Moti Chand who submitted to the Court that Manik Chand and Moti Chand had dissolved their partnership in 1945. Long after the dissolution of the firm, Jankidas had assumed the name of this firm and started his business. However, this was not disclosed to the Registrar of Firms.

Issues Before The Court:

The issues which needed to be decided by the Court include:

  1. If Manik Chand and Moti Chand were liable to pay M/s Juggilal Kamlapat the amount of claim
  2. If the partnership firm of M/s Sew Chand Bagree stood dissolved as in the year 1945

Ratio Of The Case:

Since it was not possible to determine if Manik Chand and Moti Chand were to be made liable to pay the amount of claim demanded by the claimant, the case proceeded to an evidence-based trial. The counsel appearing for Juggilal pointed out to the Court that no public disclosure was made about the dissolution of the firm. The absence of evidence on paper corroborated this argument in favor of the claimant.  The counsel further pointed out that the Bagrees did not attempt to produce any witness other than Sriratan Damani who would support their statements. However, the Court deemed it fit to consider other evidence such as the memorandum of understanding prepared by M/s Dutt and Sen, bearing signatures of the Bagree brothers, the Corporation of Calcutta’s issuance of the trade license, the opening of the account with Hindustan Commercial Bank Ltd., and the letter written to Bank of Baroda Ltd. All these verify the Bagrees’ oral version of events. Thus Judge G K Mitter concluded that M/s Sew Chand Bagree had been dissolved in 1945. The Court also referred to various sections of the Indian Partnership Act, 1964 as well as the Indian Contract Act, 1870 Judge G K Mitter after considering the shreds of evidence presented in Court and the intricacies connected with it, came to a conclusion that Manik Chand and Moti Chand were not a partner of M/s Sew Chand Bagree while the contract was being executed. 

Decision Of The Court:

 The Court considered the fact that although the Registrar of Firms did not reflect the dissolution of M/s Sew Chand Bagree; it also kept in mind that Juggilal while entering into the contract with Sew Chand did not run through these records as a basis for entering this contract. Thus Moti Chand Bagree and Manik Chand Bagree were rescued from having any liability. Jankidas Bagree was directed to pay a sum of Rs 31,000 to M/s Juggilal Kamlapat and the claimant was allowed to add costs to this claim as they deemed fit.

The case analysis has been done by Debasmita Nandi, a first-year law student of CHRIST (DEEMED TO BE UNIVERSITY), LAVASA.

The case analysis has been edited by Shubham Yadav, a student of Banasthali Vidyapith, Jaipur.

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Equivalent citations:

1974 AIR 1094, 1975 SCR (1) 358

Bench:

KHANNA, HANS RAJ

BEG, M. HAMEEDULLAH

CHANDRACHUD, Y.V.

Date Of Judgement:

01/05/1974

Act:

Indian Partnership Act. ss. 42 and 47,

Displaced Persons Claims Act, 1950

 Facts:

The appellants and the respondent formed a partnership and entered into a lease agreement with the Custodian of Evacuee Property for a mill, which they gained control of on August 31, 1952. The period of the partnership was for 5 years, being the period of the said lease. After failing to pay one rent installment, the Custodian served the partners with a show-cause notice on 12-2-54, requesting that they explain why the lease should not be terminated. On account of specific financial difficulties, the parties entered into a second agreement on February 24, 1954. Due to disagreements between the appellants and the respondent, the appellants filed a lawsuit on December 20, 1960, alleging that after the Custodian terminated the lease on May 25, 1954, the two appellants and the respondent orally agreed not to dissolve the partnership despite the lease termination. They requested a declaration that the partnership between them and the respondent continued to exist under the terms of the agreement as stipulated in the partnership document dated February 24, 1954, and also prayed for a rendition of the partnership accounts.

On the other hand, the respondent claimed that the parties had reached no oral agreement and that the claim for a rendition of accounts was precluded by limitation.

The trial court found that the appellants had failed to establish that the parties had reached an oral agreement and that the claim for a rendition of accounts was time-barred.

The High Court confirmed the trial court’s findings on appeal.

Thus, the appeal was dismissed.

Issue:

(i)Is the Tribunal correct in overturning the CITY’s decision under s. 263 based on the certitudes and incidents of the case? 

(ii) Whether the Tribunal was correct in ruling that there was nothing improper with the assessee valuing the closing stock at cost rather than market price based on the certitudes and incidents of the case?

(iii) Whether the Tribunal was legally correct in holding that the assessee-capital firm’s assets were not transferred to the partners, notwithstanding the fact that the assessee-firm was dissolved on December 18, 1987, based on the case’s certitudes and incidents?

Ratio Of The Case:

 Rai Bahadur Kanwar Raj Nath & Ors. v. Pramod C. Bhatt, Custodian of Evacuee Property. The Custodian has the power to cancel the lease under section 12 of the Administration of Evacuee Property Act, and the notification made by the Custodian was legitimate. The Court did not rule on the partnership’s eligibility to possess the mills under the lease agreement.

Sathappa Chetty & Ors. v. S. N. Subrahmanyan Chetty & Ors. The aforementioned case did not involve a firm formed for a specific period of time. No issue of a firm dissolving on the expiration of the defined term of partnership occurred.

Decision Of The Court:

The supreme court held observed the proposition could not be disputed. The partnership exists only to complete ongoing transactions, wind up the business, and adjust partners’ interests after dissolution. Unless a contract specifies otherwise, a firm formed for a specific period will be dissolved at the end of that period. 

Therefore, the appeal was dismissed, although without cost, due to the circumstances.

The case analysis has been done by Shruti Bose, a student at Christ (Deemed to be University), Lavasa.

The case analysis has been edited by Shubham Yadav, a student at Banasthali Vidyapith, Jaipur.

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Company’s Profile

AnovIP is a premier legal services firm with foreign clientele only. Our clients range from individual scientist, scientific organization, Universities, Corporate and Law Firm. We deal in gamut of services like Patents Trademarks Design Copyright and other IP services. We provide various benefits like one month bonus salary, paid holidays/leave travelling allowance, higher education finance support etc. Also, we ensure to provide a healthy and joyful work environment with lot of focus on overall professional and personal development. You may consider visiting our website www.anovip.com to understand more about our services and business.

Job Title: Group Manager / AVP – Patent Analytics team

Experience

10 – 15 years (relevant IP exp.)

Location

Green Park, South Delhi (Work from office)

Job Responsibilities

  • Will be responsible for managing a team of Patent analysts on various projects;
  • Engages in outreach and education relative to intellectual property and technology transfer practices;
  • Developing and implementing strategies to complete various projects in timely manner to meet client deadlines;
  • Engaged in client interaction on various projects for discussion on inventions;
  • Undertaking project synopsis based on client’s requirements, IP Based SWOT Analysis, IP Creation, etc.;
  • Managing and conducting several projects, such as Infringing Product Identification, Claim Construction, Infringement Analysis and Evidence-of-Use Preparation;
  • Conducting Prior-art, Novelty, Patentability, Invalidity Search;
  • Managing and conducting several projects as mentioned above, Final Quality Check (QC) on Deliverables/Reports;
  • Preparing Project Proposals based on the client’s requirements and availability of resources;
  • Preparing and Reviewing Key Features, Search Strategy, Project Scope, etc.;
  • Reviewing and Quality Check (QC) on Deliverables/Reports.

Requirement

  • M.Tech / M.E. (Electronics & Communication) is must;
  • Should have min. 2 years of relevant experience into team handling;
  • Strong analytical skills with thorough understanding of the technology domain;
  • Should possess experience in evidence of use charts, preparation of claim charts, patent mining, feasibility analysis;
  • Expertise in working on various databases;
  • Excellent written and verbal communication (in English) with particular ability in creative and persuasive writing;
  • Excellent knowledge of Microsoft Excel, PowerPoint, Word;
  • Capable of handling client requests individually;
  • Thorough understanding of the technology domain;
  • Comfortable working in team as well as independently.

Key Skills Required

Project Management, Client Support, Team Management, Intellectual Property, Validity/Invalidity, Novelty, Freedom-to-Operate, and Landscape search, Infringement Analysis, Claim amendment, Patentability Search, FTO Analysis, Patent Mining.

HOW TO APPLY

Interested candidates can share their CVs along with current compensation details at vishakha@anovip.com

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About us

Sea Limited (NYSE: SE) is a leading global consumer internet company founded in Singapore in 2009. Our mission is to better the lives of consumers and small businesses with technology.

We operate three core businesses across digital entertainment, e-commerce, as well as digital payments and financial services, known as Garena, Shopee, and SeaMoney, respectively. Garena is a leading global online games developer and publisher. Shopee is the largest pan-regional e-commerce platform in Southeast Asia and Taiwan. SeaMoney is a leading digital payments and financial services provider in Southeast Asia.

Job Description

You will be supporting on all India tax matters, overseeing the full spectrum of tax matters.

Job Responsibilities

  • Responsible for India tax matters covering direct tax, indirect tax and transfer pricing
  • Ensure the compliance of local tax requirements, including the review and/or preparation tax returns where appropriate and coordination with external consultants
  • Coordinate and prepare transfer pricing documentation to ensure compliance of local transfer pricing regulations
  • Act as a business partner to various teams (e.g. legal, finance, operations) in terms of contract negotiation, review and implementation.
  • Monitor effective tax rate and ensure adequate current tax provision and deferred tax positions
  • Assess and ensure local entities’ operations are aligned with the group tax policies
  • Assist with research and implementation of various tax strategies and make appropriate recommendations from a tax perspective. This includes working closely with stakeholders to understand the tax impact of business operations and ensure that tax needs are identified, considered and communicated.
  • Identify and implement tax digitization and automate tax processes 
  • Following tax digitalization trends and tax policy changes and highlight developments which have a current / future direct impact on our operations
  • Manage tax disputes and resolutions with close collaboration with finance teams
  • Maintain strong relationship with internal and external stakeholders e.g. tax authorities, consultants, etc.

Requirements

  • Bachelor’s Degree in Accounting or Law from a recognized university, or professional qualification in tax
  • Around 5-8 years of relevant local tax experience
  • A combination of both Big 4 firm and commercial exposure is an advantage
  • Experience in tax within the digital technology industry is an advantage 
  • Strong corporate income tax exposure with good knowledge in indirect tax and transfer pricing
  • A proactive and can-do attitude with an eye for details. Applicant should be hands on, be a good team player and have good problem-solving skills.
  • Ability to multi-task and project manage multiple workstreams and deliver under pressure

HOW TO APPLY

https://sea.zohorecruit.com/jobs/Careers/536371000013492356?source=LinkedInApplication

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Key Purpose:                    

To act as the go between to our internal teams and our debt recovery law firms. (our DRLF)

Key Outcomes:                

  • Ensure that high debt recovery rates and the time to collect are reduced.
  • Reduce the time it takes to supply an audit trial to our debt recovery law firms (our DRLF)
  • Manage your own debt portfolio, with a view to escalating this to our DRLF, in case of non-payment of our debt balance.

Duties

Daily:
  • Liaison with the LSC/GSC in obtaining key data to pass to our DRLF
  • Liaison with our DRLF
  • Co-ordinate query resolution.
  • Handle/supply/resolve incoming emails/data from our DRLF.
  • Maintain and update a debt recovery spreadsheet
  • Provide DRLF with payment information as soon as it becomes known.
  • Co-ordinate important legal-documentation and activity, such as witness statements, statement of truth, hearing attendance, compilation of important documents for court use from the business.
Weekly:
  • Meet with Line Manager, to review how debt balances are performing.
  • Pass new referrals to our DRLF
  • Instruct our DRLF to initiate legal action to recover all outstanding debt as appropriate and in line with company policy and procedures, and within expected timings.
  • Sit down with our DRLF on a regular weekly basis to understand how all cases are progressing and what the correct level and speed of action needs to be, together with understanding how it affects our costs.
  • Maintain and update debt recovery spreadsheet.
  • Provide payment information to our DRLF as and when its applicable.
  • Co-ordinate important legal-documentation and activity, such as witness statements, statement of truth, hearing attendance, compilation of important documents for court use from the business, either at Centre Level and/or at a broader level.
  • Review debt recovery invoices.
  • Provide statistics relating to debt recovery performance for the most complex debt balances, and any other aged debt KPIs
  • Manage key relationships with our external DRLFs
Monthly:
  • Provide statistics relating to debt recovery performance for the entire paralegal ledger.
  • Prepare write offs for any balances which are uneconomical to pursue
General/Ad-hoc:
  • Provide general support internally to ensure that legal documentation is progressed, e.g. witness statements are filed properly with our DRLF.
  • Submit ideas for decision making around our debt recovery processes to help the business collect debt in an efficient manner.
  • Ad-hoc admin tasks/reporting
  • Attend Court/Telephone Mediation hearings, ensuring the best outcome where possible, as and when necessary.
  • Liaise with colleagues, and other staff members in assisting them with any small value legal cases when required to do so.

Essential:

  • 2/3-year(s) experience of B2B debt recovery processes/liaising with legal third-party suppliers on a regular basis.
  • MS Excel – Intermediate / Advanced.
  • Good IT knowledge
  • Proven analytical ability
  • Strong communication/negotiation/dispute resolution skills
  • Ability to make effective judgments based on facts, demonstrated through assessment of analysis and commercial risk.
  • High level attention to detail
  • Ability to set own priorities to achieve set deadlines and targets
  • Ability to work under pressure.
  • Ability to analyze data and communicate this to others verbally, as well as in writing
  • Ability to provide clear and concise reports when requested to Senior Management.
  • Work autonomously, sometimes at short notice pick up on urgent cases as and when they arise.
  • Has the ability to carry out account reconciliations.

Preferred:

  • (MBA / Degree in Law) and/or local accreditation in business and/or similar subject.
  • Legal administration experience, preferably in a debt recovery setting
  • Credit control/litigation experience.
  • Relationship management experience with legal suppliers.
  • Business proficiency in English is essential.

Industry:

  • Serviced office/Office Space /workspace solutions /Coworking industry experience

Documents

HOW TO APPLY

https://careers.iwgplc.com/vacancy/paralegal-12778-aerocitynew-delhi/12796/description/action/apply/?pagestamp=25824424-b9cd-4e7b-accf-8c8a47bedd92

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Civil Appellate Jurisdiction:

Civil Appeal No. 545 of 1967.

Equivalent citations:

1971 AIR 1015, 1971 SCR (3) 365

Bench:

Grover, A.N.

Date Of Judgement:

15/01/1971

Act:

Income Tax, 1922 – S. 26A

Partnership Act, 1922 –  S. 58, 59, 69-Rule 2(b)

Facts: 

A deed of a partnership signed October 6, 1955, established the assessee firm. It was scheduled to go into force on November 5, 1954. The assessee applied for firm registration under section 26A of the Act for 1956-57. The firm’s prior year was shown as ending on October 26, 1955. On October 14, 1955, the Income-tax Officer received the application. The assessee submitted a statement under section 58 of the Indian Partnership Act, 1932, with the Registrar of Firms on October 20, 1955. The Registrar of Firms filed the assessee’s statement and made entries in the register of firms on November 2, 1955. The Income-tax Officer issued an order on March 23, 1961, and refused to register the company under s. 26-6A, citing, among other things, the fact that the application had not been submitted on time. The Appellate Assistant Commissioner’s appeal was dismissed. The Tribunal also supported the decision of the lower courts. The High Court ruled in favor of the assessee, holding that on the date the application is filed, the partnership should be considered registered and the rules would be satisfied if the partnership was registered under the Partnership Act after s.26A application was filed. 

Issue: 

The underlying question is whether a partnership’s registration under the Partnership Act results on the day the application for registration is filed under section 58 of the Act.

Ratio Of The Case: 

A partnership is registered under the Partnership Act when the requisite entry is made in the register of firms, according to Ram Prasad v. Kamta Prasad. Even under the Partnership Act’s section 69, which addresses the repercussions of non-registration, it has been decided repeatedly that a firm’s registration did not resolve the problem after a complaint was filed.

Kerala Road Lines Corporation v. Commissioner of Income-tax, – a firm cannot be considered as registered when The Registrar receives the statement required by sections 58 and 59 of the Indian Partnership Act. The case has been referred to the Supreme Court for further hearing in January. 

Decision Of The Court: 

The appeal is granted, and the High Court’s decision is reversed. The answer to the referred question must be approbative and adverse to the assessee. In this Court, the appellant is entitled to costs.

The case analysis has been done by Shruti Bose, a student of Christ (Deemed to be University), Lavasa

The case analysis has been edited by Shubham Yadav, a student at Banasthali Vidyapith, Jaipur.

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What are Swap contracts?

In the year 1982, Swap Contracts were introduced when the World Bank and IBM entered into an agreement. Swap contracts are one of the four types of financial derivative contracts, where two counter-parties exchange the cash flow of one party for those of the other party’s cash flow for a fixed period.

To understand the system of swap contracts, let us assume that there are two parties. A, who lives in India, goes to the market and notes that the cost of a Samsung mobile is Rs.40000 and the cost of an iPhone is Rs.65000 and B, who resides in the USA goes to the market and notes that the same model of phone that A checked is available for Rs.65000 and Rs.40000 for Samsung and iPhone respectively. Now, these two parties decided to enter into a contract to exchange their commodities and reduce their purchasing cost. This arrangement is defined as swap agreement.

These swap agreements are useful for the financial institutions who want to convert their floating rate to a fixed rate and vice versa. These contracts are executed through a swap bank that works as a matchmaker and assists the transactions between the parties.

Types of contracts

Countless swap agreements exist in the financial ecosystem. Here, we will discuss most commonly used variations:

  1. Interest Rate Swap: Interest rate swap is one of the most commonly used methods in financial derivatives. These swaps do not include the retail investors and the contracts are of an OTC nature and are executed between businesses and financial institutions.

Let us consider an example, Company A, a newly incorporated company with no financial standing in the market, approaches the bank for a loan and the bank says that they will provide the loan but at a variable rate of interest. On the other hand, Company B, which has an excellent financial standing in the market, approaches the bank for a loan. The bank agrees to give the loan at a fixed interest rate with the same time and notional principle. Now, the companies observe that the interest rate for Company A is going to increase and the interest rate for Company B is going to drop, but due to the fixed rate of interest, the Company would still be paying more. Hence, both the companies agree and swap their interest rate nature and are executed between businesses and financial institutions.

Consider another example, where Company A is newly incorporated and does not have any financial standing in the market. It approaches the bank for a loan and the bank says that they will provide the loan but at a variable rate of interest. On the other hand, Company B, which has an excellent financial standing in the market, approaches the bank for a loan. The bank agrees to give the loan at a fixed interest rate with the same time and notional principle. Now, the companies observe that the interest rate for Company A is going to increase and the interest rate for Company B is going to drop, but due to the fixed rate of interest, the Company would still be paying more. Hence, both the companies agree and swap their interest rate.

2. Currency Swap: Currency swap agreements are used by financial institutions that are planning to expand their businesses internationally and require financing. Through swap contracts, the companies get a more favourable loan rate from their local banks as compared to the banks from that country and minimise the risk associated with the currency fluctuation. It involves the exchange of the principal amount along with the interest payments from one currency to another.

For example, an India based company “X” is planning to enter the Australian market and simultaneously, an Australia based company “Y” is planning to diversify their portfolio by purchasing a company in India. For company X, the expansion would require a funding of $22 million and for Y the acquisition would require the same amount of loan. Now, the Indian banks might give Company X a loan at 9% but for Company Y, it will be at 12%. Likewise, Australian banks will give a loan to Company Y at 9% but for Company X it will be at 11%. However, both companies could have an advantage if they borrow in their domestic currencies and enter into a swap contract. In this way, the companies will receive the desired foreign currency at a cheaper loan and the risk factor for currency fluctuation will reduce.

3. Debt-Equity Swap: Debt-Equity Swap agreements are one of the recent additions. They are used to trade the debt or obligations of a company for something that has an equivalent value such as equity, bonds or stocks. This type of contract is used to maintain the debt to equity ratio of the company to keep a good credit rating in the market. The debt-Equity swap value depends on the market rates but the lender may provide a much higher exchange offer. 

For example, Company X suffers a drop in the revenue because of the economic crisis and it has the potential to avoid going bankrupt but due to cash flow problems, they will not be able to make the scheduled instalment. So they approach the bank and offer them 5% equity in exchange for the remaining loan. This swap is called the debt-equity swap.

4. Commodities Swap: Commodities swaps are used to hedge the fluctuation in the commodities pricing and set a fixed price. This will benefit both the buyer and sellers in the market as there will be a fixed selling price and buying price. Generally, it is always the cash flow that swap and not the actual commodities.

For example, if a company is purchasing 1000 gallons of oil and has agreed to pay a fixed price of $2 per gallon, then, at the time of payment if the price increased by 20 cents, the company would be paying $200 extra if the price was not fixed. Now, if the price drops by 20 cents the company will have to pay $200 more. Hence, if the price of the commodities that a company uses as input is floating then the profits of that company will also be volatile, that is the reason the companies prefer to enter into the commodities swap agreements.

Applications of Swap

There are various applications of swaps in the financial markets. Some of them are :

  1. Hedging of Risk: The most important and primary application of swaps is to hedge risk. For instance, Company A is in a contract with a floating interest rate and has reasons to believe that in near future the interest rates will increase significantly. So to save themselves from higher interest rates, the company has to exchange the floating interest rate for a fixed interest rate.

Similarly to hedge against the fluctuation in currency exchange, the enterprises involved in international business enter into currency swaps.

2. Low borrowing rate: The comparative advantage that one company has is exchanged with the advantages possessed by another company. Hence, both the companies are benefitted from the swap and the purchasing cost is significantly decreased.

3. Access to the International market: The companies enter the foreign markets by using the swap system which will help them in avoiding the fluctuation in financial transactions. For instance, if a company of Canadian origin wants to invest in a business entity in the Indian market, they will enter into an interest rate swap agreement with an Indian company, as the rate of interest for a domestic company would be lower compared to that for the company itself.

4. Avoiding bankruptcy: Using the debt-equity swap, a company can save itself from declaring bankrupt. For example, if a company suffers a revenue drop due to a crisis and the cash flow is not enough to pay company’s regular expense, they can offer the bank equity in their company in exchange for the loan to get approved.

Usage

Commercial and comparative advantages are the two basic categories in which swap contracts are used. When a company enters into an agreement where they have to pay a certain interest rate which can be fixed or floating rate, then swaps can reduce the risk of fluctuation in the financial market. Companies that are planning to enter a new market can have a comparative advantage by using the currency swap agreements.

For example, if Indian company wants to expand its business in Malaysia, it is more likely for the company to get a favourable agreement in India. So, by entering into a currency swap, the company can have the finances it needs to expand its business in Malaysia without paying extra interest rates.

Exiting a Swap Agreement

There are three frequently used ways to exit a swap contract before the expiration of the term period. They are:

  1. Buy-out: With the consent of the counter-party the market value of the swap agreement can be calculated and the amount can be paid by the party and this way the company can exit the swap contract.
  2. Sell the Swap: With the consent of the counter-party, the company can sell the swap to a third party at the current market value.
  3. Offsetting Swap: A company can nullify the effect of a swap agreement by entering into a reverse swap contract. For example, if a company is in a swap where they receive a fixed interest rate, then they can enter into another swap with a third party to exchange the fixed interest with the floating interest rate.

The blog is written by Abhinav Bansal  ), B.A.LLB student at Trinity Institute of Professional Studies.

Edited by- Deeksha Arora

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An Introduction of CCI

Competition Commission of India (CCI) is a statutory body of the Government of India responsible for enforcing The Competition Act, 2002 and promoting competition throughout India, and preventing activities that have an appreciable adverse effect on competition in India. It was established on 14 October 2003.

About the Internship

  • In view of Covid-19 pandemic, the regular CCI internship programme has been suspended for the time being. However, for the benefit of students, the Commission will continue its Online Internship beyond June 2021 and upto September 2021.
  • For July 2021 to September 2021 Online Internships, eligible applicants whose applications received by 7th of preceding month (for example, for internship of July 2021-application should be received by 7th of June 2021, for internship of August 2021- application should be received by 7th of July 2021 and for internship of September 2021 application should be received by 7th of August 2021) shall only be considered. Applications mandatorily be in the prescribed format available on CCI website at: –https://www.cci.gov.in/sites/default/files/cci_pdf/internships1.pdf. Applications in other formats shall be rejected summarily. Statement of Purpose should be accompanied with the application which should reflect reason for selection and probable area of research/internship project.
  • Applicants shall submit their applications duly signed/ endorsed by their colleges/institutions in the space specifically provided in application form with the heading ‘CERTIFICATION AND RECOMMENDATION BY INSTITUTION’ Or in alternative, applications must be accompanied with a scanned copy of email/letter from the respective institution certifying that the student is a bona fide student of the institution and pursuing the course (with year) mentioned in the application for internship. Such email/letter must be issued by Dean/Registrar/HoD/Director/Authorized Officials. Applications shall be sent in PDF mode by online only. Hard copies of applications shall not be accepted.
  • The emails carrying such requests shall indicate “Online Internship during the month of (mention intended month) 2021” as subject/title of email. All such requests for online internship must be sent at email- internships@cci.gov.in. Applications sent at/addressed to any other email ID shall not be considered.
  • The shortlisted candidates shall be allocated guides/mentors who are Officers of CCI. The interns will be provided contact details of their mentors/guides for being in regular touch with them to complete the assigned work. The duration of online internship (a week/ two weeks/ three weeks/ a month) shall be decided by the mentor/guide depending on the work assigned. In first week of every month, online orientation programme will be organized for selected students by Advocacy Division of CCI and a review meeting will be conducted in second week of the month through virtual mode. No request for internship beyond one month shall be accepted.
  • On certification/confirmation by concerned mentor/guide that the assigned intern has worked/completed the internship to his satisfaction, an electronic certificate for the period of internship shall be awarded to the interns through electronic mode. Shortlisted candidates shall be intimated through contact details (email id) provided by them in their requests/applications.

*NOTENO STIPEND/HONORARIUM SHALL BE PAID TO INTERNS FOR ONLINE INTERNSHIP.

No queries/enquiries, whatsoever, shall be entertained regarding online internship.

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Applications are invited for recruitment/empanelment of following manpower purely on contract basis for
deployment in the office of National Commission of Homoeopathy, New Delhi.

  1. Consultant Technical (Homoeopathy)
  2. Consultant (Accountant)
  3. Consultant (IT)
  4. Legal Officer (Consultant)
  5. Consultant (Admn.)
  6. Private Secretary
  7. Sr. Technical Officer
  8. Stenographer
  9. Stenographer

Selection will be made as per the prescribed norms and requirement of the job.

  1. Selection will be made as per the prescribed norms and requirement of the job.
  2. No TA/DA will be paid for attending the test/ written exam/ interview/ joining the duty on selection.
  3. Application must be submittedONLINE only forthe above post.
  4. For applying please visit the BECIL website www.becil.com. Go the ‘Careers Section’ and then click ‘Registration
    Form (Online)’. Please read ‘How to Apply’ carefully before proceeding to register and online payment of fee. The
    instruction (How to Apply) for filling up the ONLINE Application/ Registration is attached below for reference.
  5. Candidates are advised to view the BECIL website regularly after submitting their application successfully for any
    notification/ updates.
  6. Candidates must review their application forms carefully before final submission, BECIL will not accept any
    request for changes to be made in the information submitted by the candidates wrongfully


In case of any doubt/help please email as below:


For technical problem faced while applying ONLINE : khuswindersingh@becil.com


For queries other than technical : maheshchand@becil.com


For other queries : 0120-4177860


Last date for submission of application forms is 09.08.2021.

HOW TO APPLY

  1. Candidates are required to apply online through website www.becil.com or
    https://becilregistration.com only. No other means/mode of application will be accepted. (Before applying for registration candidates are advised to have their Photo, Signature, Birth Certificate/10th Certificate, Caste Certificate scanned images for upload the file size should be not more than 100kb.) If you want to apply for more than one post against the same advertisement, you need to register once only. The fee chargeable will vary according to the number of posts applied for.
  2. Candidates are required to have a valid personal e-mail ID. In case a candidate does not have a valid personal e-mail ID, he/she should create his/her new E mail ID before applying online
  3. Candidates are required to go to the website of BECIL i.e. www.becil.com or https://becilregistration.com and click on the link “Career”.
  4. Candidates are required to follow below process for registration.
  5. Registration to be completed in 7 steps:
     Step 1: Select Advertisement Number
     Step 2: Enter Basic Details
     Step 3: Enter Education Details/Work Experience
     Step 4: Upload scanned Photo, Signature, Birth Certificate/ 10th Certificate, Caste Certificate
     Step 5: Application Preview or Modify
     Step 6: Payment Online Mode (via credit card, Debit card, net banking, UPI etc.)
     Step 7: Email your scanned documents to the Email Id mentioned in the last page of application form.
  6. Candidates will have to upload scanned copy of passport color photo, signature scan copy, size of these
    scanned copies should be within 100 kb and in jpg/.pdf files only.

Only online payment of registration & application processing fees (non-refundable) is applicable. There will not be any other mode of payment of registration & application processing fee. Demand Drafts, Cheques, Money Orders, Postal Orders, Pay Orders, Banker’s Cheque, postal stamps etc., will not be accepted, towards registration & application processing fee.


Category-wise registration & application processing is given below:

  • General – Rs.750/- (Rs. 500/- extra for every additional post applied)
  • OBC – Rs.750/-(Rs. 500/- extra for every additional post applied)
  • SC/ST – Rs.450/-(Rs. 300/- extra for every additional post applied)
  • Ex-Serviceman – Rs.750/-(Rs. 500/- extra for every additional post applied)
  • Women – Rs.750/-(Rs. 500/- extra for every additional post applied)
  • EWS/PH – Rs.450/-(Rs. 300/- extra for every additional post applied)


Note: The GST and Bank charges will be borne by the candidates.

8. BECIL will not be responsible for any network problems in submission of online application.

9. Candidates are advised to fill the post judiciously as per the advertisement released by BECIL.

10. Candidates are requested to enter the details in the online application format carefully. Before final submission of application, there will be a preview available to the candidates in case of modification required. After submission of the application, no modification will be permitted and fees once paid will not
be refunded.


**Candidates are advised to apply through above mentioned website only, candidates will be solely responsible for submitting their through any other website. The candidates are requested to check their email & messages regularly. BECIL will inform the selected candidates through email & sms. BECIL will not be responsible for any delay on candidate’s part. **

FOR MORE DETAILS , PLEASE VISIT-

file:///C:/Users/dell/Downloads/1928c22eedc7c7471a341afc0316b322.pdf

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