Constitutional Law
Rajendra N. Shah Case: Constitutional Validity of 97th Amendment
The Union of India v Rajendra N Shah case has laid down a landmark judgment, with a 2:1 majority, quashing the 97th Amendment Act’s remains.
Corporate Laws
LLP Form for Intimating Other Address for Service of Documents [Form 12]
Limited Liability Partnership should intimate Registrar about the declaration of other address (other than registered office) within 30 days.
Corporate Laws
Return of Nidhi Company for The Half-Year Ended [Form NDH-3]
Introduction: Nidhi Company is an NBFC (Non-Banking Finance Company) that is registered under Section 406[1] of the Companies Act of 2013. Mutual Benefit Finance Company is another name for Nidhi Companies. “Nidhi” refers to a company that has been incorporated as a Nidhi with the purpose of encouraging thrift and Read more…
Corporate Laws
Notice to Registrar for Alteration of Share Capital
Introduction: Alteration of share capital refers to an increase or decrease of a company’s authorized share capital. The Companies Act of 2013 permits companies to alter and make some modifications to their authorized share capital. Section 2(3) of the Companies Act, 2013 defines “Alter or Alteration” it includes the making of additions, Read more…
Corporate Laws
Matters to be Stated in Prospectus
Introduction: A Prospectus is a document issued by the company inviting the public and investors for the subscription or purchase of any securities of a company. The prospectus describes the company’s stocks, bonds, and other types of securities offered by the company. A prospectus is always accompanied by the company’s Read more…
Taxation Laws
Income Tax Notice Response
Introduction: The word “notice” alone causes a lot of panic among taxpayers. Income Tax Notices not only get you in trouble, but they also keep you out of it. When an assessee files an income tax return, the income tax department evaluates it and gives assessment intimations, scrutiny notices, and so Read more…
Corporate Laws
Issue and Redemption of Preference Shares
Introduction: Preference shares, also known as preferred stock, are shares of a company’s stock that pay dividends to stockholders before common stock payments are paid out. Preferential share capital is the company’s share capital that carries or would carry a preferential right concerning payment of dividend, repayment in case of Read more…
Law of Contracts
Tender Is An Offer And It Must Be Unconditional And In Proper Form
Introduction: A tender is nothing but an offer. An “offer to perform” is referred to as a “tender” under English law. Generally, parties to a contract must either perform or offer to perform, their respective promises, unless the performance is dispensed with or excused under the provisions of the Contract Read more…