Latest Legal News, Laws applicable in India, Indian Legal System

Legal

Benefits of Startup Registration

As the governments of the day have started to recognize the importance of entrepreneurs and the businesses and intent to actively support them, we are now entering an era of innovations. As the Indian government is coming forth with multiple initiatives, the environment for starting up is growing warmer each day. It is only smart to stay updated about the government policies and plan accordingly.

Legal

Intricacies of the Employee Contract

One of the first agreements that people enter into as adults mostly include employment agreement. It is natural to have limited knowledge of how the agreements work, let alone the employment agreement. This gives rise to a certain fear while signing because well, the agreements tie you into liabilities. In general practices, the employees are restricted by such agreements to mandatorily serve for a certain amount of time. There are other obligations as well, which are brought upon the employees through the employment agreement. It is important to analyse any agreement before signing it. Therefore, we have decided to quickly explain the important parts of every employment agreement, which is currently in practice with modifications according to different industries. If you look for certain clauses in the document, you shall be able to get a hold of liabilities the agreement is looking to put over you and make an informed decision.

Legal

Article 370 and 35A revoked

In 1957, Kashmir was formally incorporated into the Indian Union. It was granted a special status under Article 370 of India's constitution.

Legal

Patent Registration Under Patent Cooperation Treaty

The creative work of the human mind is kept safe through several measures and the main motivation for the same is the encouragement for the creative activity. Several forms of protection of the creative activity have come about including those which are of particular interest in the industrial development. Patents being one of them.

Legal

Ways to Commercialize IPR

Intellectual Property (IPR) was introduced in India from year 1957 through The Copyright Act, 1957. From then six amendments have been made on The Copyright Act, 1957. Trademark was introduced in 1999 through Indian trademarks act 1999. Intellectual property is basically a way to register an Idea or a mark etc., so that others cannot copy it and use it for their own benefit. Rather than creating IPR the value of IPR lies in its commercialization. Companies by use of IPR derive benefits to compete with market. Intellectual Property is an asset for a company whether it’s a startup or an old firm and its market value is could be cashed by means of IPR.

Legal

Liquidation of Company

Company being artificial person can only be dissolved by striking off the register of companies. This is called liquidation of company.

Legal

Letter of Undertaking: How does it Work?

Letter of Undertaking (hereinafter referred to as LoU) can said to be a sort of guarantee that is issued by a banking entity to the concerned person for attaining short term credit from the overseas branch of an Indian bank. Such LoUs are not issued against retail transactions, but are employed in business or trade transactions.

Legal

Registration of a Public Limited Company| Explained

A public limited company is an incorporated business and is said to be a separate legal entity from its owners like that of the Private Limited Company. Shareholders are termed to be its owners and they enjoy the benefit of the limited liability. The limited liability is a benefit to each of the shareholder of that company. According to Section 3(1) (IV) of Indian Companies Act 1956 that ‘’a public company is not a private company” also the articles do not restrict the transfers of shares of the company. There is no restriction on the maximum number of the companies. It invites general members and public to purchase the shares and debentures of the company. If one wants to register a public company there are many advantages or benefits related to the registration of a public Company which are -

Legal

Adverse Effect under Competition Law

In every market, the companies producing similar products or offering similar services compete to gain maximum consumers, profits and market control.

Legal

Alternative Dispute Resolution

We have watched various Bollywood movies where the victim struggled due to the inefficient judicial system and had to fight for the justice for years. Since movies are a reflection of the society it is safe to say that what is being shown might actually be happening in the society. The various possible reasons for that could be corruption, vacant judicial posts, lack of political will, overpopulation or increased crime rates etc.

Legal

Memorandum of Understanding| Explained

It is essential that before entering into a contract the parties to the contract reach an understanding on the same level. This requires that the parties agree in the same manner to the same thing. Ironing out all such minor details at the time of entering into a contract is necessary. However, sometimes the parties to the contract may just want to formulate a preliminary agreement that establishes the relationship between them but at the same time gives them some leeway which a formal contract may not. Such a preliminary agreement is called a memorandum of understanding.

Legal

Civil and Criminal Remedies in Cheque Bounces

For a lot of day-to- day transactions, a cheque may be used by a person for the payment to the other party. A Cheque is a negotiable instrument. It is a document that orders a bank to pay a specific amount of money from the holder’s account to the person whose name has been mentioned on the cheque. The person who is writing the cheque is known as the drawer. A cheque can be viewed as a type of bill of exchange; it came into use mainly to avoid the need of carrying large amounts of money. A cheque can be issued by and in favor of both natural persons as well as legal entities.

Legal

All About Anti-Competitive Practices under Indian Competition Law

Anti-competitive practices refer to an all-embracing range of business practices in which a firm or group of firms may fit into place in normalize to restrict inter-firm competition to keep up or amplify their family member market place and profits lacking necessarily providing goods and services at a lower cost or of elevated eminence.

Legal

Website Privacy Policy

Website privacy policy (or data protection policy) is a legal document that states how the startup/website owners gather and intend to use customer information. It is the promise that companies make to their users to use their sensitive information in a more responsible way in order to win their trust. It functions on the principles of transparency, legitimate purpose and proportionality providing users with full assurance and knowledge of what they’re getting into. It sets out the purpose of data collection by the website, to whom and how your personal information provided may be disclosed, reasonable security practices followed to safeguard such information, the scope and limitation of data processing on your website.

Legal

Annual Mandatory Compliance for PLCs

Generally, people opt for private limited companies due to less formality. It is the most popular and well-known form of start-up. However, some of the mandatory compliances which are pre-requisites are needed to be followed every year.

Legal

Freelancing

Freelancing is working on contractual basis for various companies rather than working on a regular salary basis for one employee. They have the freedom to choose their assignments or projects and company they would like to be associated with.

Legal

Essentials of Valid Contract

A contract is the foundation of a civilised world. The law relating to contracts in India is contained in Indian Contract Act, 1872. A Contract is simply an agreement between two or more persons to do something. Each contract creates a binding duty on the contracting parties. The Indian Contract Act deals with the enforcement of these rights and duties upon the parties in India.

Legal

All About Address Proof Affidavit

Affidavit is basically a written statement that is taken on oath and may be used as evidence in a court of law. If you lie on an affidavit, it constitutes an offense under the Indian Penal code. So, if we combine the meaning of the above words, we get the idea of address proof affidavit. It is a document which helps in legally proving a person’s address.

Legal

Benefits of Startup Registration

Intricacies of the Employee Contract

Article 370 and 35A revoked

Patent Registration Under Patent Cooperation Treaty

Ways to Commercialize IPR

Liquidation of Company

Letter of Undertaking: How does it Work?

Registration of a Public Limited Company| Explained

Adverse Effect under Competition Law

Alternative Dispute Resolution

Memorandum of Understanding| Explained

Civil and Criminal Remedies in Cheque Bounces

All About Anti-Competitive Practices under Indian Competition Law

Website Privacy Policy

Annual Mandatory Compliance for PLCs

Freelancing

Essentials of Valid Contract

All About Address Proof Affidavit

Popular Tags

Popular Authors

Popular Posts