Category: Editorial

THE SURROGACY (REGULATION) BILL, 2016 – AN OVERVIEW

Lok Sabha Passes Surrogacy Regulation Bill to put an end to Commercial Surrogacy The Lok Sabha yesterday passed the Surrogacy (Regulation Bill), which was introduced in 2016. The Law Commission of India, in its 228th Report, had recommended prohibition of commercial surrogacy by enacting a suitable legislation. The statement of objects and reasons of the Bill says

Sports Law In India

INTRODUCTION India being a diverse country is also a home to a diversely unified population and a population that is fond of a number of sports. Sometimes, sports act as a medium to unite this diverse population. The work of administration, adjudication and funding of sports is in the hands of the Ministry of Youth

Indian Banking Frauds and Forgery

Indian Banking Frauds and Forgery Abstract Frauds in banking sector have been in existence for centuries, with the earliest known frauds pertaining to insider trading, accounting irregularity, stock manipulation etc. Over the years, frauds in this sector have become more erudite and have been stretched to technology based services offered to customers. The banking sector

Indian Partnership Act An Overview

Indian Partnership Act An Overview (Contract of Partnership) MEANING OF PARTNERSHIP “When two or more persons carry on business to share profits and losses equally or in proportion of capitals, it is called partnership business. The persons are called ‘Partners’ and the business is called ‘Partnership Firm’. Section 4 of the Indian Partnership Act, 1932 defines

POCSO ACT OVERVIEW

POCSO ACT : AN OVERVIEW (A STEP TOWARDS PROTECTION OF CHILDREN FROM SEXUAL ABUSE) Introduction “Childhood should be carefree, playing in the sun; not living a nightmare in the darkness of the soul”- Dave Pelzer No social problem is as universal as oppression of the child. The crime involving sexual offence has been increased drastically

Anti-Competitive Agreements

Anti-Competitive Agreements in India INTRODUCTION Competition means a struggle for superiority and in the corporate world. The term is generally understood as a process whereby the economic enterprises compete with each other to secure customers for their product. The enterprises compete to outsmart their competitors, sometimes to eliminate the rivals. The benefits of having competition

Tax Incidence In IGST

CHAPTER-I Introduction IGST (Integrated Goods and Service tax) is a part of Goods and Service Tax (GST). Integrated GST is one of the three categories under Goods and Service Tax (CGST, IGST and SGST) with a concept of one tax one nation. IGST is governed by Integrated Goods and Service Tax Act 2016. As per

Contract of Agency Project

Contract of Agency Project INTRODUCTION When a person appoints another to act on his behalf with a third party, it is called ‘Agency’. The person who appoints is called ‘Principal’. The other person who is appointed is called ‘Agent’. The contract between Principal and Agent is called ‘Contract of Agency’. ‘Agency is the legal relationship

Exemption on Agricultural Income

Exemption on Agricultural Income INTRODUCTION Agricultural income in India is categorised as a valid source of income and basically includes income from sources that comprise agricultural land, buildings on or related to an agricultural land and commercial produce from an agricultural land. This income is considered for rate purposes while calculating the income tax liability of an

Principles Of Natural Justice

Introduction to Principles Of Natural Justice “Natural Justice” is an expression of English common law which signifies certain fundamental rules of judicial procedure. The Principles Of Natural Justice is those fundamental rules, the breach of which will prevent justice from being seen to be done. These rules don’t require that the proceedings of an administrative court must be conducted

Judicial Review

Introduction Judicial authority is the authority of the courts to declare laws or actions of government officials unconstitutional. To safeguard the liberty and rights of individuals, the judicial review is recognized as necessary and a basic requirement for construction up of a novel civilization. The powers of judicial review are vested significantly by means of

Fixation Of Minimum Wage Project

Introduction The Minimum Wages Act, 1948 is an Act of Parliament concerning Indian labour law that sets the minimum wages that must be paid to the skilled and unskilled labours. The Indian Constitution has defined a ‘living wage’ that is the level of income for a worker which will ensure a basic standards of living

INDIAN LAWS And RIGHTS You Must Know

15 rights every Indian should know. Laws That Indians must know||Laws that Indians don’t know||Basic Indian Laws. We have tried to cover most important branches of law. INDIAN LAWS and RIGHTS you Must Know.   1. If your cylinder explodes you are entitled for Rs. 40 lakh cover! A significant number of us are unconscious

APPLICATION OF REAL ESTATE PROJECT

APPLICATION OF REAL ESTATE PROJECT Section 4 of Real Estate (Regulation and Development) Act, 2016 deals with the application for registration of real estate projects. According to section 4, every promoter shall make an application to the Authority for registration of the real estate project in Form ‘A’ in triplicate with applicable registration fee. The

SALE OF IMMOVABLE PROPERTY OF COMPANY BY DIRECTOR

Remedies Available to Directors/Share holders and Company in Sale of Immovable Property of Company by Director SALE OF IMMOVABLE PROPERTY   Any sale of company property by a director who goes beyond his fiduciary capacity and sells company property to make personal gains at the cost of the company is an act of oppression and