An Introduction to Plato

Plato (427-347 B.C.) was born to aristocratic Athenian parents. Plato abandoned Athens to travel and learn, but carried with him the basic tenets of thoughts of his mentor Socrates, who famously said that “virtue is knowledge.” Plato’s wanderings took him far from his native Athens. In the Greek cities of southern Italy, he became familiar…

Illegal agreement

Agreement is meeting of minds on same issues from same perspective. The intention of the parties engaging in an agreement should be common. It comes to existence with offer and acceptance. As per Section 2(e) of the Indian Contract Act, 1872,”Every promise and every set of promises forming the consideration for each other is an…

Secrecy of Direction for Defence Purpose under Patent Act in India

What Is An Invention? The Cambridge dictionary states that Invention is something that has never been made before or the process of creating something that has never been made before.[1] An invention uses technology to solve a specific problem. The technical features of an invention have a function through which the problem – the purpose…

Ordinary Damages

Introduction Damages that emerge within the conventional course of occasions from the breach of contract are called conventional harms. Harms emerging out of common and plausible results of breach of contract are too considered a standard harm. Common damages are such damages, which the law presumes from the breach of the contract. By and large…

RBI – Transfer of Capital Instrument under FEMA

INTRODUCTION:                              Capital instruments are securities in the form of shares, bonds, etc, that a company sells in order to raise capital. Shares are very important and reliable source of investment; it gives higher returns if invested mindfully. Shareholders can transfer their shares by sale or as a way of gift. These transfers are monitored…

   Issue of ESOP shares under FEMA

INTRODUCTION:                               Issuing shares is a very important way of raising capital for a company. Company also issues bonus shares and right shares to its shareholders as a way of appreciation for investing in their company, issuing shares under stock option scheme is also a way of issuing shares for giving appreciation to their employees.…