Initially, India’s insolvency laws were restricted to the Presidency Towns Insolvency Acts of 1909 (applicable in Kolkata, Chennai, and Mumbai) and the Provincial Insolvency Act of 1920 (covering the rest of India). These Acts were largely concerned with individual insolvency and did not involve companies. Recognizing the need for comprehensive insolvency and bankruptcy legislation, the …
With the rise of Indian young who are drawn to startups and the development of MSMEs since 2001, things are becoming more organized and advanced. As a young country, India is rapidly changing. The government is also no longer bashful about establishing favorable policies to help MSMEs exist and grow rapidly. The Ministry of MSME …
Breach of contract might be either actual or anticipated. In the event of a breach of contract, the affected party can seek damages from the court by ordering the other party to perform as agreed. A breach of contract occurs when one of the parties fails to meet these responsibilities. Remedies for breach of contract …
To identify their products as unique and distinguishable, businesses and companies employ logos, designs, or a specific collection of phrases. These graphics or words assist consumers in identifying the brand, quality, and even the product’s origin. As a result, the marks used by these companies in the course of their business are known as trademarks. …
In India, NGOs can be formed as societies, or trusts, under Section 8 of companies. NGOs raise cash from the general public, government bodies, and corporations to support their projects or ongoing activities. The government does not interfere with NGO activity, enabling them to operate without legal limits. Meaning of an NGO An NGO is …
After registering an FIR based on the information provided by the person, the police have the authority to arrest the accused and investigate the offense. This legal procedure will be unreasonable, oppressive, or unduly burdensome for the accused person. In that case, the accused person has a remedy: the quashing of FIR. An FIR can …
What Is The Procedure To Quash 498a In The High Court Read More »
Section 482 of the CRPC Act authorizes the High Court to protect the interests of both parties. Article 226 of the Constitution grants the power to file a writ petition for the quashing of an FIR. If the High Court thinks fit that the FIR was filed falsely to suppress and trouble the aggrieved party, …
A non-profit organization (NGO) aims to develop society and secure its welfare. Volunteers assist non-governmental organizations in their operations. Non-governmental organizations (NGOs) are created for philanthropic purposes and cannot operate for profit. They could labor to promote and uplift a variety of causes, including the environment, science, research and development, artistic, theatrical, and literary activity, …
Before the implementation of the Companies Act in 2013, a single individual could not start a business. If an individual wishes to start a firm, he or she could only do it as a sole proprietorship because a company requires at least two directors and two members. A private company requires at least two directors …
With the startup environment booming across the country and an increasing number of people wishing to start their businesses, it is critical to be familiar with the various business proprietorships, limited liability companies, and private limited companies that are all available as registration alternatives. In legal terms, Section 2 (68) of the Companies Act, 2013, …
