The Latin root of the word “illegitimacy” means “not in conformity with the law.” Since the relationship between the parents determines the children’s legality, a child born out of wedlock is regarded as an illegitimate child. As a result, an illegitimate kid is referred to as being “nullis filius,” which simply implies that they have…
View detailsThe Companies Act of 2013 established the idea of a “Small Company” for the first time in India. Providing various exemptions, privileges, and liberation with a lower compliance burden on the businesses that are smaller in size and activity is a new step in the de-regulation of entities. By raising the thresholds for paid up…
View detailsThe official title for a collector is “District Collector.” He or she is the one who has granted authority to handle or collect taxes in a specific territory or district. He or she is the highest-ranking Indian Civil Administrative Officer in charge of managing a district’s administration and revenue collection. Additionally endowed with executive magisterial…
View detailsIntroduction: Memorandum of association is the document that governs relationship between the company and the outside. It is a charter of the company and mentions the extent and scope of its activities. Hence, memorandum of association is an important document as it defines the relationship of the company with the interest and rights of the…
View detailsIn accordance with section 2(69) of the Companies Act of 2013, a “Promoter” is someone who: (a) A person who has been identified as such in a prospectus or by the company in the annual report under Section 92; (b) A person who has direct or indirect control over the affairs of the company, whether…
View detailsDue to the fact that the directors of a business are its representatives and are obligated to behave in good faith, the Companies Act of 2013 established stringent rules including Section 184 to guard against the abuse of authority by the directors. In order to prevent a director from voting or participating in discussions regarding…
View detailsIntroduction The registered office of a company is the main office to which all communication relating to the company is sent by governmental departments. During incorporation, a company’s promoters must declare its registered office in its Memorandum of Association and keep certain documents, like the mandatory statutory registers, at the registered office. This article will…
View detailsIntroduction Previously, a company was not allowed to purchase its own shares/ securities, except for a very exceptional cases, as given in section 67 of the 2013 Act. This structural change in the principle and philosophy of company law was brought about by Section 77-A of the Companies (Amendment) Act, 1999 [1956 Act], which stipulates…
View detailsA Law student spends around 18-23 years in College. During this time their friends from Law School are working towards their legal career. Some of their friends who are not from Law School have already got their first job and are now planning to move Abroad to do their MBA. The challenges are unsaid and…
View detailsStudent’s Corner is a column, wherein we give opportunities to students to speak their heart out. If you are interested in participating in the same, do check out the details in the end. Our first Participant is Ms. Krasti Singh Chauhan, a fourth year BA LLB (Hons) Student from ICFAI Law School, The ICFAI University…
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