Section 47 of the Act gives the penalty for the violation of Section 27. Section 27 talks about the Division of Undertakings that talks about the transfer or vesting of property, rights, liabilities, obligations, and so on. If this action is contravened then the person will be punishable with imprisonment for a term extending to…
View detailsAs per the Guidance Note on Board Evaluation issued by SEBI on January 5, 2017, the process of evaluation involves; Identifying the objectives of evaluation Criteria of evaluation Method of evaluation Identifying the objectives of evaluation It helps in streamlining evaluation process, analyzing results and taking actions appropriate actions. Objectives can be; General objectives –…
View detailsThe recent progressions on recognition and acceptance of ‘other gender’ have induced discussion on extending rights and laws to the LGBTQ community as the constitution guarantees equality of all genders. One of such discussion is extended pertaining to maternity rights and labor laws concerning same. Maternity benefits are provided to protect dignity of motherhood while…
View detailsUnfair Trade Practice is defined by Section 36A of the Monopolies and Restrictive Trade Practices Act, 1969 (MRTP Act), as “A trade practice, which, for the purpose of promoting the sale, use or supply of any goods or for the provision of any services adopts any unfair method or unfair or deceptive practice including oral,…
View detailsThe Protection of Children from Sexual Offences (POCSO) Act was passed by parliament in the year 2012. This Act was passed with the intention to protect the children from sexual abuse, sexual harassment and pornography. Nevertheless, Indian Penal Code, 1860 has certain provisions like Rape, Sexual harassment, outraging the modesty of women, etc. however, it…
View details‘’To all the little girls who are watching this, never doubt that you are valuable and powerful , and deserving of every chance and opportunity in the world to pursue and achieve your own dreams. ’’ – Hillary Clinton Many of you might take a look in this just because it titled ‘Gender Equality’ where…
View detailsArticle 13 of our Constitution has two doctrines. One of them is the Doctrine or theory of Eclipse. The idea behind the Theory of Eclipse is that any law that is incompatible or inconsistent with the fundamental rights of the Constitution will not be right away deemed to be invalid. The Unconstitutional law isn’t completely…
View details‘Fear is the path of the dark side. Fear leads to anger, anger leads to hate, hate leads to suffering.’– Yoda Certain incidents that happen in our lives have the power to change the way we look at things and people; sometimes, they bring us some smearing shame that is powerful enough to haunt you…
View detailsThe Consumer Protection Act of 2019 establishes a three-tier quasi-judicial system for resolving consumer complaints, which includes:- District Commissions: The District Commission can entertain cases where consideration of the goods purchased is only up to one crore rupees and does not exceed that limit State Commissions: The State Commission can entertain cases that have the…
View detailsMonopoly is generally defined as a situation where there is just one vendor in the market. The monopoly situation is considered the polar opposite of perfect competition in traditional economic theory. As a result, the monopolist has great control over the price it charges, implying that it is a price maker rather than a price…
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