DUTY OF THE COMPANY TO REGISTER CHARGES A company often raises capital to finance its mega projects and to meet the plan for business expansion. It resorts to borrowing of funds to raise capital. This corporate borrowing or obtaining loans is against creation of charge on its assets as security against the borrowings to the…
INTRODUCTION As per Section 2(71) of the Companies Act, 2013 “Public company” means a company which is not a private company and has a minimum paid-up share capital as may be prescribed. Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be a public…
INTRODUCTION Section 3(1) clause (f) of Hindu Succession act describes heir as any person, male or female, who is authorised to succeed to the property of an intestate(person dying without making a will).In accordance with Indian law, someone who is resolved to inherit an ancestor’s estate who passed away without leaving a will or naming…
INTRODUCTION The Indian Parliament passed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013, which governs land acquisition and establishes the process and guidelines for providing compensation, rehabilitation, and resettlement to those who are impacted in India. The Act includes measures for fair compensation for landowners who lose their…
Introduction : A man and a woman’s marriage is a lifelong commitment, but when they decide to separate, many things are divided, including their assets. Real estate division is typically much more complicated given that it is the most valuable asset that most couples own. In India, a woman’s right to her husband’s property varies…
Introduction : Slum Rehabilitation Policy in India is an initiative started to revive of protect the slum area and its people in the country. The purpose of this policy is to protect these areas and develop them into productive areas for their people. All the projects under the policy are to be carried out by…
Introduction : The right to property is a fundamental human right. It is enshrined in the Universal Declaration of Human Rights and the International Covenant on Economic, Social and Cultural Rights. It is also protected by the Constitution of India. We have been given certain rights and with it comes duty. In order to protect…
Introduction In India, Specific Relief Act was initially enacted in 1877 based on the doctrines advanced by the English Equity Courts. Upon the recommendations of the Law Commission of India, the earlier act was repealed and later, the new act came into force. Now, the law regarding specific performance is enshrined under the Specific Relief…
INTRODUCTION The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2013 Section 23 in The Land Acquisition Act, 1894 Matters to be considered in determining compensation. (1) In determining the amount of compensation to be awarded for land acquired under this Act, the Court shall take into consideration first, the market…
DEFNITION: Rental Property means a parcel of residential real property that is wholly owned by or acquired by a Borrower and the fee title to which is held by such Borrower, together with all Improvements thereon and all other rights, benefits and proceeds arising from and in connection with such property. Laws in India are the state…
