This article has been written by Ms.Pamishetti Supriya, a student studying BBA LLB(Hons.) from ICFAI Law School ,The ICFAI University , Hyderabad. The author is a 5th year Law student . INTRODUCTION India as a nation cannot possibly survive without media and entertainment. Movies, memes and music move us much more than any other…
What is a Gift Deed? A gift deed is a legal document that can be used to transfer immovable property in accordance with section 122 of the Transfer of Property Act, of 1882. A gift deed includes information about the property, the transferrer, and the recipient, similar to what a sale deed does. However, it permits…
Introduction : The Land Acquisition Act, 1894 is an act of the Indian parliament for the acquisition of land for public purposes. It was enacted by the British government in 1894, and was the first law enacted by India’s independent government in 1947. The act has been amended several times since then. The act provides…
MEANING OF INTELLECTUAL PROPERTY Intellectual property rights are an exclusive right given to the creator over the use of his/her creation. Intellectual property rights are associated with intangible assets owned by a person or company and protected against use without consent. Intellectual property can consist of Patents, Industrial design, Logos, Trademarks, Business or trade names,…
MEANING OF MAXIMUM RETAIL PRICE Maximum Retail Price (MRP) is the highest possible price fixed by the manufacturer that can be charged for a product from a customer. Retailers may choose to sell products at the MRP or for less than the MRP. Under the Consumer Goods (mandatory printing of cost of production and maximum…
Introduction It is common knowledge that there is risk associated with entering into a debtor-creditor relationship. This is especially true for the creditor who has to bear the risk of bad debt accruing to it due to default in payment of the loaned amount by the debtor. A contract of guarantee can prove gainful in…
Introduction: It is unimaginable in this day and age for any market economy to sustain itself in the absence of fair & free competition. Today, it has become imperative for any market economy in a bid to ensure that resources are effectively allocated, to ensure that its market is free of anti-competitive practices that might…
The Competition Act, 2002 was established to promote and sustain an enabling competition culture through engagement and enforcement that would inspire business to be fair, competitive and innovative; enhance consumer welfare; and support economic growth. The Act prohibits anti-competitive agreements, abuse of dominant position by enterprises, and regulates combinations (mergers, amalgamations and acquisitions) with a…
Competition Commission of India is a statutory body. It act as a regulator for competition in India. The Competition Commission was established in 2003 by Vajpayee government, under the provisions of the Competition Act, 2002. The Competition Act, 2002, as amended by the Competition (Amendment) Act, 2007, by the philosophy of modern competition laws. This…
Monopolistic Trade Practices : Section 2(i) of the Act defines(in a nutshell) a monopolistic trade practice as a trade practice which has or is likely to have the effect of :- i) maintaining the prices of goods or charges of services at unreasonable levels by limiting, reducing or other wise controlling the production, supply or…
