Labour Insurance: Workmen’s Compensation 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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What is the role of SEBI in the financial markets

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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Divorce Law in India: 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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Family Law & Divorce