Voluntary Provident Fund – Why You Should Opt for VPF

  • Post author By Deeksha
  • Post date May 23, 2022
Voluntary Provident Fund

The Voluntary Provident Fund (VPF), also known as the Voluntary Retirement Fund, is the employee's voluntary contribution to his provident fund account. This contribution is in addition to the employee's 12% contribution to his EPF. The maximum contribution is 100% of his Basic Salary and Dearness Allowance. The interest rate is the same as the EPF rate. Employers are not required to contribute to their employees' VPF portfolios. Similarly, an employee is not required to contribute to the plan. Once a contribution has been selected in VPF, it cannot b...

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Categories:
Business & Employment Law

Indian Registration Act- Adding Value to the Documents

  • Post author By Deeksha
  • Post date May 20, 2022
Indian Registration Act

We deal with a variety of transactions and paperwork throughout our lives. Some of these records and transactions are extremely important to the government and us. Keeping a record of such transactions would be difficult if no system was in place to regulate them. As a result, the state decided to introduce a registration process to keep track of all the registration processes and the paperwork. The practice of registering documentation with an appointed officer and keeping it on file as a public record is known as registration. Indian Registration Act...

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Regulating the Securities- SEBI Guidelines

  • Post author By Deeksha
  • Post date May 20, 2022
SEBI Guidelines

SEBI, a statutory regulatory body got established on April 12, 1992. It regulates and monitors the Indian capital and securities markets, ensuring that developing regulations and guidelines protect investors' interests. SEBI's headquarters are in Mumbai's Bandra Kurla Complex. SEBI is responsible for regulating all participants in the Indian capital market. It sought to protect investors' interests and cultivate financial markets by executing SEBI guidelines and standards. Let's get in-depth to understand better what's all incorporated in SEBI guideline...

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Categories:
Business & Employment Law

NALSA-Legal Services for All

  • Post author By Deeksha
  • Post date April 28, 2022
NALSA

Legal Services Authorities Act is an Act of the Indian Parliament enforcing the provisions of Article 39A of the Indian Constitution, guaranteeing equal means of livelihood to all citizens of the country. Article 39A of the constitution deals with promoting justice based on an equal opportunity by providing free legal aid to unaffordable segments of society, like the poor and economically disadvantaged. The act addresses, among other things, employee pay and qualifications and resulted in the establishment of The National Legal Services Authority (NALS...

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Eradicating the Evil- Indecent Representation of Women Act

  • Post author By Deeksha
  • Post date April 26, 2022
Indecent Representation of Women Act

Women's organisations have been outraged over the last decade about how the media gives an indecent representation of women. Numerous advertisements promote gender bias and inculcate the indecent representation of women, resulting in uproar amongst society. Such campaigns, however, have had little impact on advertisements that promote sexist stereotypes and pornographic images, which have increased. The law seeks to regulate women's portrayals in various sections of Indian mass media today while keeping the Indian social structure in mind. As a result,...

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Indian Majority Act: Defining Legal Parameters of Adulthood

  • Post author By Deeksha
  • Post date March 9, 2022
Indian Majority Act

Each civilisation laid down laws that define the majority. A majority, here, could be perceived as a legal age where the individual is considered mature enough to make correct decisions ranging from entering into a contract, getting married, getting drinks in clubs and even a right to select the government. As per the Indian Majority Act, though the legal age to attain majority in India is 18 years for both genders, this age differs for males and females for marriage. Recently, the government made an attempt to bridge this distinction and introduced gen...

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Union Against the Exploitation-Trade Union Act 1926

  • Post author By Deeksha
  • Post date March 8, 2022
Trade Union Act 1926

Collective bargaining, a fundamental right of every citizen, and trade unions play an important role in ensuring that workers' rights are upheld. To that end, trade unions have many rights and obligations granted under the Trade Union Act 1926. Trade unions were eventually formed as modernisation and industrialisation emerged and grew. The number of trade unions eventually increased by the end of 1925. Hence, the need for specific legislation in the form of the Trade Union Act 1926 was felt. They demanded the protection of employees' rights and machiner...

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Custodian of Enemy Property – Enemy Property Act

  • Post author By Deeksha
  • Post date March 1, 2022
enemy property act

The Enemy Property Act, 1968, an Act of the Indian Parliament, allows and governs real estate allocation in India possessed by Pakistani nationals. The act got enacted in the aftermath of the 1965 Indo-Pakistani war. The Guardian of Enemy Property for India, a government department, receives ownership. There are also enemy properties, which are movable properties. As the Pakistani nationals left India in a hurry and left behind the significant estate, it became essential to regulate such property and to put it to better use. Hence, the Indian government...

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Disrupting the transport of oxygen to organised crime- Institution of PMLA Act

  • Post author By Deeksha
  • Post date February 28, 2022
PMLA Act

Money laundering or embezzlement is the practice of converting illegally obtained funds into ostensibly lawful funds, or 'white money,' as it is colloquially known. So, to put it simply, the money laundering act is converting dirty money into white money via numerous techniques. Money laundering recently got linked to financial crimes, particularly the manipulation of the financial sector.Money earned by crimes such as extortion, tax fraud, market manipulation, wagering, and so on is considered filthy money. The individual who brings revenue from suc...

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Train Accidents: Causes and Safety Measure

  • Post author By Deeksha
  • Post date February 18, 2022
train accident

The Indian Railway is the world's third-largest network, transporting 18 million people each day to their destinations. Every day, almost 16,000 trains pass across the railway tracks, and train collisions are a typical occurrence on Indian railways. According to train accident records, derailments and railway crossings generate significant accidents. Until recently, crossings were open, and most incidents incorporated human error as the cause. The Indian Railways do not have enough money to invest, and the annual accident rate is around 300, which is e...

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Categories:
Accidents & Injuries