Introduction The person goes through a lengthy process for floatation of a company before eventually giving birth to a body corporate; i.e. a legal person. The birth of the legal person like the birth of an actual person requires registration with a registration certificate. A company is an association of Read more…
Introduction The Corporate Social Responsibility Rules are dealt with in Section 135 of the Companies Act, 2013. Schedule VII of the act lists the activities for Companies to choose from to fulfil their Corporate Social Responsibility (CSR). Companies have to contribute at least two percent of their annual average net Read more…
DEFINITION OF MEMORANDUM OF ASSOCIATION “The Memorandum of Association of an organization is the sanction and characterizes the impediment of the intensity of the organization set up under the Act”. “LORD CAIRNS” Memorandum of Association is the most significant archive of an organization. It expresses the items for which the Read more…
Introduction The global COVID-19 outbreak has disrupted all industries and has put a significant population of the world under lockdown. This prevents the efficient working of the business and has impacted existing operations and contracts. On the issue of contracts, this outbreak has brought many new aspects to the force. Read more…
Introduction: The Union Cabinet on 28th December 2019 promulgated the Insolvency and Bankruptcy (Amendment) Ordinance, 2019. The idea carrying the enactment of the Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as code) is maximization of value assets by ensuring a time-bound insolvency proceeding and further protection of the value Read more…
The Latin word obiter dicta means “things said by way,” and is often used in law to refer to unwanted opinions or words made by a judge. In a legal decision, made by a high court, the actual decision becomes a binding precedent. When making a judgment opinion the text Read more…
A contract is an agreement between two or more people. Contract forms the essence of relationship between two or more parties. Indian Contract Act 1872 (Hereinafter: the Act) is the bylaws of contract that every corporate and non-corporate body in India practices. Contract is defined as “An agreement in which Read more…
Introduction: With the evolution of human interactions and need to share the resources with one another, the term trade came into existence. Commerce and intercourse have come into being after increasing scope of the trade. Trade has been integral to human beings. Thus to fulfill this essential aspect of life, Read more…
INTRODUCTION Law is the set of principles of what is right and what is wrong as per the society; the developing societies from time to time are developing laws, so as to define the difference between the right and the wrong. It was Sir Edward Coke back in 17th century Read more…
INTRODUCTION Public Interest litigation is a petition filed by the individual, group of Citizen or non-government organization. It is to get justice on a problem which has broader public interest. It is mainly applicable to the citizen of the country. As defined in the Black’s Law Dictionary, Public Interest Litigation Read more…