Winding Up of a Company in India
Legal

Winding Up of a Company in India

It takes careful planning, coordination, and effort to keep a company functioning smoothly. Sometimes, though, things don't go as planned and the company may face challenges that make it impossible to continue, and the only option left is to stop its operations. This process is called "winding up." It’s the official way of closing a company in an organized and legal manner.

Continue Reading about 4 days ago
What is Amendment to the Constitution? Full list of Amendments
Legal

What is Amendment to the Constitution? Full list of Amendments

Do you know why the Indian Constitution is called a living document? Because the Constitution can be amended and changed to meet the needs of society. Keep in mind that the Constitution is not static and is not the final word on everything. It's a dynamic document that evolves over time to suit the needs of society and bring about transformation

Continue Reading about 3 months ago
Substantive Law vs. Procedural Law | Types, Case Laws
Legal

Substantive Law vs. Procedural Law | Types, Case Laws

Imagine you are about to go on a road trip. Before you even hit the road, you need two things: a map and a set of driving rules. The map shows you where to go, and the rules tell you how to get there safely. Think of substantive law as your map—it tells you the ‘what’ and ‘why’ of the law, like what actions are considered crimes or what rights you have in a contract. On the other hand, procedural law is like those driving rules—it guides you on the ‘how,’ laying out the steps to enforce those rights or handle disputes.

Continue Reading about 4 months ago
Election Day 101: Steps to Guide on How to Vote for Election 2024
Legal

Election Day 101: Steps to Guide on How to Vote for Election 2024

India is all set to vote in the world's largest-ever general election, setting the stage for 97 crore voters and 2600 political parties to join 'Chunav ka Parv, Desh ka Garv' in just over six weeks. 

Continue Reading about 9 months ago
How Judgment, Decree and Order are Different?
Legal

How Judgment, Decree and Order are Different?

To understand these legal terms, let's take a relatable situation—an exam centre.

Continue Reading about 3 years ago
Stages of the Civil Suit as per the Civil Procedure Code, 1908
Legal

Stages of the Civil Suit as per the Civil Procedure Code, 1908

Any court case that involves disputes between individuals over money or any other injury to personal rights are known as civil cases. For a Civil Suit, there are two criterions- the cause of action and the claim for damages/compensation. The Civil Suit must also fulfil all the conditions laid down in Section 9 of the Code of Civil Procedure, 1908.

Continue Reading about 3 years ago
NBFCs and their Registration Process
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NBFCs and their Registration Process

A Non-Banking Financial Company (hereinafter referred to as NBFC) is an entity that provides banking and other lending services but does not come under the legal definition of a bank. An NBFC is incorporated under the Companies Act, 1956 or the Companies Act, 2013. All NBFC’s are necessitated to procure a ‘Commencement of Business’ certificate from the Reserve Bank of India (hereinafter referred to as RBI) as provided under the provision of Section 45-IA of the RBI Act, 1934. Further, they cannot commence any business as a Non-Banking Financial Institution without procuring a ‘Certificate of Registration’ from the RBI. The NBFC Registration and License may be obtained in 90-120 days.

Continue Reading about 6 years ago
Procedure to Change Name
Legal

Procedure to Change Name

The name change affidavit is the first of a three-step procedure to change one’s name. Following the affidavit, a newspaper publication and lastly gazette notification publication. The Gazette publication is the last requirement which makes the name change legally complete and it serves as substantial proof of the name change.

Continue Reading about 6 years ago
Name Change Affidavit Essentials
Legal

Name Change Affidavit Essentials

An affidavit to change one’s name is a document which helps one prove their identity once they change their name or if a woman changes her surname after her marriage. It becomes important to have a procedure to legalise changes in their names in order for their new name to gain recognition.

Continue Reading about 6 years ago