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 (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
CRIMINAL LAW (AMENDMENT) ACT 2018: A CRITIQUE OF IPC AND CrPC PROVISIONS The Criminal Law (Amendment) Bill, 2018 was passed to replace the Criminal Law (Amendment) Ordinance, 2018 which was promulgated after the Kathua and Unnao rape incidents. The bill covers the same amendments as were in the ordinance. The Ordinance was criticized as
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 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
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 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
TRANSFER OF PROPERTY TO AN UNBORN CHILD UNBORN CHILD He is one who is not in existence as of now or who will come into existence in future at any time or who is in the womb of the mother. He is basically, a person not yet born. STATUS OF UNBORN CHILD There is nothing
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
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
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
We won’t have society if we destroy the environment- Margaret Mead Introduction Environment plays an important role in human life as well as in the development of society. Because of development, the purity of the environment has been threatened to an appalling extent. The need to protect and improve the environment is become essential for
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
INTRODUCTION There is no doubt that family disputes are incredibly stressful and Court proceedings are equally traumatic, and also expensive, and often it is in the best interests of parties to avoid court if at all possible. The parties now adopted the Alternative Dispute Resolution to settle the family disputes in a speedy way through
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
“There is no chance for the welfare of the world unless the condition of women is improved; it is not possible for a bird to fly on only one wing.” -Swami Vivekananda India is a customary nation and there are differences in religions, culture, and traditions. In India, part of the women is restricted to family
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
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
