Mortgage

A mortgage is the transfer of an interest in specific immovable property for the purpose of securing the payment of money advanced or to be advanced by way of loan, an existing or future debt, or the performance of an engagement which may give rise to a pecuniary liability. The transferor is called a mortgagor,…

The Golden Rule of Interpretation

The Golden Rule is a modification of grammatical interpretation. It says that ordinarily the court must find out the intention of the legislature from the words used in the statute by giving them they’re their natural meaning but if this led to absurdity, repugnance, inconvenience, hardship, injustice or evasion, the court must modify the meaning…

Prospectus

                                                 A public company, but not a private company, is entitled, by issuing a prospectus, to invite applications for its shares or debentures. Prospectus is defined by section 2(70) as “Prospectus means any document described or issued as a prospectus and includes a red herring prospectus referred to in section 32 or shelf prospectus…

Admiralty Act ,2017(overview)

Admiralty (Jurisdiction and Settlement of Maritime Claims) Act,2017 The Admiralty Jurisdiction Act seeks to consolidate the laws relating to admiralty jurisdiction (the jurisdiction to deal with maritime claims), legal proceedings in connection with vessels, their arrest, detention and sale and other connected matters. In Kamalakar Mahadev Bhagat v. Scindia Steamship Navigation Co. Ltd (AIR 1961Bom 186,…

The Mischief Rule

The Mischief Rule The mischief rule of interpretation originated in Haydon’s case. In this case, the Boron’s of the exchequer resolved “that for the sure and true interpretation of all statutes in general four things are to be discerned and concerned; (1st) What are the common laws before the making of the act. (2nd) What…