Instruments not duly stamped- treatment and consequences (impounding)- Indian Stamp Act

Introduction “instrument” includes every document by which any right or liability is, or purports to be, created, transferred, limited, extended, extinguished, or recorded; Instrument not duly stamped – ‘Instrument’ means ‘any right or responsibility is transferred,’ and ‘duly stamped’ means ‘instrument bears an adhesive stamp of suitable amount as specified by law,’ therefore ‘Instrument not…

Special Damages

Special damages are granted in a gracious claim in order to compensate an offended party for noteworthy money related misfortunes. For case, extraordinary harms would be granted to a casualty who is constrained to be out of work as the result of an individual harm, and loses compensation as a result. Extraordinary harms are calculated…

Settlement of Securities

Settlement is the “last action in the transfer of ownership including the actual exchange of securities or money.” The transaction is deemed complete upon settlement since all parties’ responsibilities have been satisfied. In the context of securities, settlement entails the transfer of the securities to the beneficiary, often in return for (or concurrent with) the…

PARDANASHIN WOMEN IN CONTRACTS

Survival of the fittest Professor Darwin Introduction As we all know the basic human nature is to dominate and exploit the vulnerable. The one who is knowledgeable and strong enough can survive in society. The article is about one such vulnerable that is pardanashin woman and how the present legal system protects them from being…

Salient Features of 52nd Constitutional Amendmen Act, 1985

Introduction In 1985, the 52nd Constitution Amendment Act on Anti-Defection Law was passed, & the Indian Constitution’s 10th Schedule was inserted through this Act of 185. The disqualification of the Members of Parliament & State Legislatures on the grounds of defection is provided under this. It enacted anti-defection legislation by adding a new Tenth Schedule to the Constitution…