International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
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The piece addresses validity of a registered apartment owners association and the obligation to hand over maintenance and IFMS funds. It explains Rule 55 as governing custody and use of the common seal but finds an affidavit by the association president sufficient where no deed is executed, so Rule 55 does not bar the association's application. Registration granted under the Uttar Pradesh Apartment Act is treated as conclusive against collateral attack on prerequisites. Resultingly, the authority is directed to transfer maintenance to the registered association within thirty days under the supervision of the Interim Resolution Professional.
The piece addresses validity of a registered apartment owners association and the obligation to hand over maintenance and IFMS funds. It explains Rule 55 as governing custody and use of the common seal but finds an affidavit by the association president sufficient where no deed is executed, so Rule 55 does not bar the association's application. Registration granted under the Uttar Pradesh Apartment Act is treated as conclusive against collateral attack on prerequisites. Resultingly, the authority is directed to transfer maintenance to the registered association within thirty days under the supervision of the Interim Resolution Professional.
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