Introduction The Specific Relief Act, 1877 codified the law of specific relief in India. The Law Commission considered this provision in its Ninth Report, which was later replaced by the current act of 1963. The Specific Relief Act of 1963 addresses remedies granted at the discretion of the court to enforce individual civil rights. In…
View detailsIntroduction A constitutional amendment modifies a polity’s, organizations, or other sorts of entity’s constitution. Frequently, amendments are included directly into the pertinent portions of an existing constitution. On the other hand, they can be added as extra additions (codicils) to the constitution, modifying the form of government without changing the wording of the original document.…
View detailsIntroduction: Indemnity and guarantee contracts are a type of contingent contract governed by Contract Law. Simply put, indemnity means protection against loss in the form of monetary compensation. Indemnity occurs when one party promises to compensate the other party for a loss caused by the promisor’s or any other party’s actions. The guarantee, on the…
View detailsIntroduction At present, the products of intellectual creativity such as inventions, designs, know-how and artistic works serve an important role, and in order to promote such creative activity, inventions, industrial designs, literary and artistic works, layout-designs of integrated circuits, trade secrets and so on are given protection.Furthermore, trademarks and other such signs are also protected…
View detailsSection 126[i] of the Indian contract act defines a contract of guarantee as a contract to perform the promise or discharge the liability of the defaulting party just in case he fails to meet his promise. To represent a contract of guarantee, there should be a concurrence of the principle-debtor, the creditor and therefore the…
View detailsIntroduction: When there is a breach of contract, liquidated damages and/or a penalty are due. While the terms penalty and liquidated damages may sound similar, there is a distinct difference between them. In this article, we will look at the laws that govern the payment of compensation in the event of a contract breach. Penalty…
View detailsIntroduction Indemnity is a legal concept expressed in the form of a contract or mentioned as a clause in commercial contracts, in which a party promises to compensate the indemnified party for losses incurred as a result of the promisor’s or any third party’s actions. It can also be used to cover expenses incurred in…
View detailsMarket surveillance is the detection and investigation of unfair, manipulative, or unlawful trading actions in the securities markets. With confidence in the fairness and accuracy of transactions, buyers and sellers are prepared to participate in orderly markets, which are supported by market surveillance. Without market regulation, a market might become disorganised, which would deter investment…
View detailsINTRODUCTION One of the most significant amendments to the Indian Constitution is the 42nd Amendment Act of 1976 enacted by the Indian National Congress, led by Indira Gandhi. This Act is also known as the “Mini Constitution” because of the large number of revisions it made to the Constitution of India. The 42nd Amendment Act…
View detailsIntroduction The constitution contains the rights and duties of citizens along with the set of rules and regulations defining the relationship between the state and the citizens, the duties and powers of the state, and its instrumentalities. The constitution of India is adopted on the 26th of November 1949 and on the 26th of January…
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