A public company in India: Achieving equity growth in passing years

The companies act 2013 incorporates a public company. The directors of the company manage the company, and the shareholders own it. A public company has limited liability, and its shares are tradable in the public market and also known as public limited liability. A public limited company gets regulated by various legislation either in its business or in trading its shares. A public limited company in India is obliged to make its financial reports and balance sheets public to give shareholders all the information about the company before investing in ...

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Types of companies in India and their formation under the companies act, 2013

The definition of a company is prescribed under the companies act, 2013. A company is an entity incorporated under the companies act, 2013 or under any previous company law. A company is considered a legal entity or a legal person. Companies have the right to enter into contracts with other parties and sue or sued in the court of law, can possess and transfer properties in the same way as natural persons or incorporated association of persons. Features of companies act Separate legal entity A company is considered an independent or separate legal...

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Guide To Minimum Wages in India: Ensuring standard lifestyle for employees

It was 15th March 1948 when the Minimum wages act 1948 came into force. It is an act of parliament enacted to ensure a minimum wage for skilled and unskilled workers employed in industries, factories, any place of business or other establishments. The act ensures that their employers do not exploit employees in any type of establishment or industry. The central government is empowered to make rules related to the minimum wages for the scheduled employment under this act; the least amount of remuneration required to be paid to an employee by an employe...

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Alimony by Mutual Divorce

From the free consent granted to the parties to begin the relationship as spouses to mutual permission to separate as strangers, consent plays a crucial role in all stages of marriage. Mutual divorce and even alimony facilitate the formal separation procedure. Hindus, Muslims, Christians, Parsis, and Jews are the five major communities in our culture. Each group has its own set of personal rules based on religious texts, customs, and traditions. As a result, the grounds for divorce and alimony for a Hindu woman may differ from community to community. An...

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Categories:
Family Law & Divorce

Dowry Cases in India: A Legal Study

Marriages, indeed, formed in paradise, but the mother-in-law, sister-in-law, husband, and other relatives are actively involved in the dissolution of marriage for the thirst of dowry. Dowry death, murder-suicide, and bride burning are indicators of a strange social sickness and an awful dowry cases trend in our culture. Since it is practised by practically every sector of society, regardless of religion, caste, or creed, India has experienced the dark ills of the dowry system in a more intense form in almost all sections of the nation during the previou...

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Categories:
Family Law & Divorce

Road Transport in India- Advantageous or Disadvantageous?

Railways, roadways, airways and waterways, not to forget pipelines, how goods get transported from one place to another is known as transportation. Transportation serves as one of the main factors in defining a country's development, the transport system acts as a base for any setting's economic structure. So, Transportation aids in : Developing the arenas of trade, commerce and industry Removing the idea of immobility Discarding regional discrepancies Termed as the most used mode of transport in the land of Gandhi, the roadways play an essential...

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Categories:
Accidents & Injuries

Final Appeal: Civil law in India- A Check To Lower Court’s Ruling

There is no concept of appeal in the code of civil procedure, but there is no doubt that any request to an appeal court by a party seeking to set aside or overturn a lower court's ruling is an appeal. An appeal in its true sense gets defined as the complaint to a superior court for an injustice done or error committed by a lower court. In this case, the former is asked to correct or overturn a ruling or a decision. So, to have the lower court's decree reversed is a Statutory Remedy. Grounds of an Appeal The following grounds may get used to filing a...

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Categories:
Court Laws

SUPREME COURT: A COURT OF RECORD AND ITS POWER

The Supreme court, the Apex court of India, acts as an appellate court whose decision is binding on all other courts(i.e., District courts or High courts) of India. It also acts as a court of record under Article 129 of the constitution of India. A court of record, a court whose powers and proceedings get as reference for perpetuity and testimony. These records are of high evidentiary value and cannot be brought into question when presented before any other court. A court of record can punish and imprison for any offence, including the power to punish ...

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Categories:
Court Laws

Appellate: A Second Shot At Justice

Human judgements are fallible. Despite best efforts and the provisions ensuring a fair trial and justice, mistakes and errors cannot get ruled out completely. Therefore, the Code provides for the appeals, enabling the superior courts to review, revise, and correct the judgements given by the lower court. The Supreme Court gets the appellate and advisory jurisdiction. Appeals are not only a curative device. Instead, it serves a purpose of utmost importance. It provides the aggrieved parties with a certain satisfaction. The fact that the judgements del...

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Categories:
Court Laws

Kidnapping IPC – Offence insulting Liberty and Freedom

In everyday language, 'Kidnapping' gets derived by breaking two words: 'Kid' and 'Napping'. 'Kid' means 'a child', and 'Napping' means 'to steal'. Hence, the literal term for kidnapping stands for stealing a kid. Kidnapping gets described as the taking of a person against their will using force, threat or deception. Kidnappings in IPC are typically carried out to obtain a ransom or for political or other reasons. Section 359 of the Indian Penal Code divides kidnapping into two categories, further specified under the Indian Penal Code's Section 360 and S...

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Categories:
Criminal Law