The ability of a corporation to buy its own securities is covered in Section 68 of the Companies Act of 2013 and the Companies (Share Capital and Debentures) Rules, 2014. Buyback sources include: The proceeds of a previous issue of the same kind of shares or other specified securities may not be used to purchase…
Rights that the Shareholders enjoy- Dissenting shareholders are granted certain rights under Section 48(2) of the Companies Act, 2013. Section 48(2) states that in the event that the rights of any class of shares are modified, the holders of not less than 10% of the issued shares of that class, who are individuals who did…
Any man who witnesses or photographs a woman performing a private act in circumstances where she would typically expect that she would not be observed, either by the perpetrator or by any other person at the perpetrator’s direction, or who distributes such an image, shall be punished on first conviction with imprisonment of either description…
A red-herring prospectus is a document distributed by a company planning to sell shares for the first time that contains information about the company but not the price of the shares or other pertinent information. It is distributed to those who might be considering purchasing shares. A corporation will often release a red herring prospectus…
In no place does the Indian Penal Code, 1860, define the term “suicide.” It is a self-inflicted or self-intentional human act to stop (ending). Simply put, it is an act of self-murder or self-killing. The act of intentionally taking one’s own life or taking one’s own life is known as suicide. Suicide is defined as…
Why does a successful firm need a board of directors? I believe there are several reasons why business leaders should think about creating a board of directors, even if they are not required to do so, based on my own experience as the founder of Advanced Care Partners (ACP). 1.Expertise in Strategy: After I sold the…
Ownership and the idea of property are intertwined in many ways. The two are related and mutually dependent on one another. The existence of one entail that of the other. Property cannot exist without ownership, and ownership cannot exist without property. In addition to its everyday meaning in the modern day, “property” also has broader…
Introduction The Hindu Succession Act is a part of the Hindu Bill Code that was adopted by Parliament in 1956. The major goal of the legislation is to update and consolidate the law governing Hindu intestate succession. In relation to the terms of the current legislation, the Act supersedes all existing laws, regulations, customs, or…
Introduction The concept of doctrine of election is acknowledged in “transfer of Property Act 1882” which is mentioned in section 35. However, in “Indian Succession Act” it is mentioned in within 180-190 sections. “Election” means it is a choice between two differing or two contradictory rights. In this concept you cannot have both you can…
A Gift Deed is a legal document that is used when one party freely transfers ownership of a movable or immovable property to another party. When it comes to cases involving the inheritance of property, having a Gift Deed can help reduce the likelihood of litigation. Charges that have been determined by the state government…
