Labour Insurance: Workmen’s Compensation Insurance

  • Post author By Anushka
  • Post date May 23, 2022
labour insurance

Workmen compensation insurance policy, a commercial insurance policy, provides for an employer's legal authority to compensate its employees in the event of their death or accident. The insurance, also known as employee compensation insurance or labour insurance, allows an employer to demonstrate his capacity to satisfy the duties set by the Workmen Compensation Act. Who is a Workman? Any individual hired for purposes other than the employer's trade or business (other than a person whose employment is casual and engaged for reasons other than the emplo...

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Categories:
Business & Employment Law

What is the role of SEBI in the financial markets

  • Post author By Anushka
  • Post date May 20, 2022
role of sebi

Although the BSE (Bombay Stock Exchange) was established in 1875, it was not until the 1970s that the investing bug struck the country. However, due to lax rules and numerous loopholes, market operators such as Manu Manek and Harshad Mehta rose to prominence, resulting in a slew of frauds. Before getting too late, the Indian government recognised the critical need for a robust market regulator to eliminate these malpractices and defend the interests of investors. As a result, in 1988, the Securities and Exchange Board of India (SEBI) was established, an...

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Categories:
Business & Employment Law

Limitation Act: Citing time frame for legal proceedings

  • Post author By Anushka
  • Post date March 15, 2022
Limitation Act

Time and tide have no mercy and binds every aspect of human culture. The judiciary and the legal system are no exceptions. So, if the grounds for filing a suit and the time to do so are prohibited, the court may not entertain it. The statute of limitation refers to the legislation that allows courts to ban inexperienced litigants from filing lawsuits. So, the law of rules prevents a person whose right got infringed from approaching the court for redress if he does not do so within a reasonable period. The nature of the problem determines how much time ...

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POSH ACT: A Step to Stop Sexual Harassment at the workplace

  • Post author By Anushka
  • Post date March 9, 2022
posh act

The Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013, often known as the 'POSH Act', is an Indian law created to make workspaces safer and more secure by preventing, forbidding, and remedying acts of sexual harassment against them in the workplace. The Ministry of Women and Child Development declared the law applicable throughout India on December 9, 2013. Let's get in deep and understand what is all incorporated in the POSH Act. Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal ) Ac...

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Quasi Contract: Prevention of Unjust Enrichment

  • Post author By Anushka
  • Post date March 8, 2022
Quasi Contract

A Quasi Contract is a retroactive agreement between two parties who made no earlier contractual obligations. The court creates it to correct a situation in which one party gains something at the expense of the other. The name got derived from the Latin term "Nemo debet locupletari ex aliena jactura", which states that no one should gain an unjust benefit from another's loss. So, Quasi Contracts are formed by rights and obligations comparable to those created by a contract but do not result from ordinary transactions. The theories of unjust enrichment a...

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Payment of Bonus Act: The share of an organisation’s profit

  • Post author By Anushka
  • Post date March 1, 2022
payment of bonus act

The tradition of providing bonuses in India gets believed to have begun during the First World War when several textile factories gave their employees a ten per cent wage increase as a war bonus in 1917. The demand for bonus payment also got included in several cases of labour disputes. It was decided during the second and third sessions of the Eighteenth Session of the Standing Labour Committee in New Delhi in March/April 1960 to create a Commission to look into the bonus issue and develop appropriate regulations. The Payment of Bonus Act, 1965, was e...

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ESMA Act: Maintenance of Important Services

  • Post author By Anushka
  • Post date February 28, 2022
esma act

The Essential Services Maintenance Act (ESMA Act) is an act of the Indian Parliament enacted to assure the supply of certain services that, if impeded, would harm people's daily lives. It includes public transportation (bus services) and health care (doctors and hospitals). In 2016, the Indian Parliament passed ESMA under List 33 of the Concurrent List of the 7th Schedule of the Constitution. As a result, it preserves national consistency by providing the bare minimum of vital services across the country. State governments, acting alone or collaboratin...

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Divorce Law in India: Divorce Process in India

  • Post author By Anushka
  • Post date February 28, 2022
divorce process in India

Divorce is a big life disruptor that may cause a great deal of stress—financial, emotional, and even spiritual and thus is one of the most traumatic events that can happen to any marriage. Divorce gets associated with religion in India since it is a personal affair. The Divorce Process in India is governed by the Hindu Marriage Act of 1955 for Jains, Sikhs, Hindus, and Buddhists. The Dissolution of Muslim Marriage Act,1939, rules divorce laws for Muslims, the Parsi Marriage and Divorce Act,1936 governs divorce laws for Parsis, and the Indian Divorce A...

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Categories:
Family Law & Divorce

Probation Of Offenders Act: A chance to reform

  • Post author By Anushka
  • Post date February 18, 2022
probation of offenders act

Hate the crime, not the perpetrator. We have probably heard it a million times. It implies that we must abolish crime, which does not necessitate the removal of criminals. In India, criminal law focuses on mending criminals rather than punishing them.Punishment does provide a sense of satisfaction to both society and the victim, but it does not rehabilitate the culprits. When someone gets released from prison, rights get abused, especially in incarceration. Juveniles are particularly vulnerable to this abuse. Their minds are immature, and they become...

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Essential Commodities Act: Provision for essential items

  • Post author By Anushka
  • Post date February 18, 2022
essential commodities act

The Indian Parliament enacted the Essential Commodities Act to assure the delivery of specific commodities or items whose supply, if disrupted by hoarding or black marketing, would hurt people's daily lives. It covers food, medications, and gasoline, among other things. The ECA got adopted in 1955. The government has since used it to control the production, supply, and distribution of a wide range of goods that it deems "important" to make them available to consumers at reasonable costs. Furthermore, the government has the authority to set the Minimum ...

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