COMPANY TO ACCEPT UNPAID SHARE CAPITAL ALTHOUGH NOT CALLED UP

INTRODUCTION To start with introduction we will first know about some keywords and their explanation and differences. CATEGORIES OF SHARE CAPITAL:- 1)Called up Capital:-Called up Capital is the part of issued capital which has been called by the company for subscription. Thus, the amount of share capital which the shareholders are in an obligation to... Continue Reading →

JURISDICTION OF CIVIL COURTS IN COMPANY LAW MATTERS

INTRODUCTION The power granted by law to a court to hear cases and provide judgments on legal issues pertaining to a specific geographic area and/or specific categories of legal proceedings. It is crucial to establish which court has jurisdiction before a case is filed. Courts at various levels have jurisdiction over litigation involving various sums... Continue Reading →

RIGHTS OF MINORITY SHAREHOLDERS

INTRODUCTION TO MINORITY SHARE HOLDERS To start with we will first know the definition of “majority and minority shareholders”.The majority shareholders in a firm or company are those members who own the most shares in the company. The word "minority shareholder" is not defined in the Company Law. However, it is commonly accepted that persons who... Continue Reading →

WHO IS A LEGAL HEIR?

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... Continue Reading →

PROCESS OF LAND ACQUISITION IN INDIA

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... Continue Reading →

RIGHT TO PROPERTY OF SECOND WIFE AND CHILDREN

Introduction When we speak about second wife, the first thing which comes in our minds the legality attached with second marriage.The various personal laws have different rules regarding this.Starting with Hindu law we will first learn about the legality of second marriage according to hindu law. According to The Hindu Marriage Act,1955, section 5, a... Continue Reading →

PROCESS OF LAND ACQUISITION IN INDIA

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... Continue Reading →

INHERITANCE RIGHTS OF GRANDCHILDREN

INTRODUCTION Inheritance, also known as succession, is the transfer of property to an heir or heirs after the owner's passing. Inheritance also refers to the actual property. The procedure is closely regulated by law in contemporary society. The relevant branch of the civil law in the continental European pattern is typically referred to as the... Continue Reading →

DAMAGES OF PROPERTY AFTER TENANCY COMMENCES

INTRODUCTION The phrase "landlord and renter" typically refers to a housing arrangement. Thus, a lease is a legal agreement that establishes a relationship between a lessor and lessee in which the lessor owns the property and rents it to the lessee. The law of leases does not necessarily address living conditions, nevertheless. For instance, a... Continue Reading →

PROPERTY RELATED TRANSACTION THROUGH POWER OF ATTORNEY

INTRODUCTION POWER OF ATTORNEY Section 1(A) of Powers of Attorney Act 1882 says,“power-of-attorney” specifies any instrument authorising a specified person to act for and in the name of the person executing it.An official instrument known as a power of attorney enables one individual to act on behalf of another. While the principle is the object... Continue Reading →

TRUST OWNED PROPERTY

INTRODUTION A trust is a fiduciary arrangement in which the trustor, or first party, grants the trustee the authority to hold title to property or assets for the benefit of the beneficiary, or second party. Trusts are created to ensure that the assets of the trustor are legally protected, to ensure that the assets are... Continue Reading →

PROCESS OF INITIATING A REDEVELOPMENT OF A BUILDING

INTRODUCTION Redevelopment entails tearing down the old building and replacing it with a new one that has new dimensions and space. Basically redevelopment of a building means to change the old structure and replace it with new dimensions.When a building structure requires a proper renovation, the process of redevelopment is carried out.According to Bye-law No.... Continue Reading →

 EXECUTIONER OF A WILL

INTRODUTION To start with this article we will first know the meaning of an executor and its legal definition.An executor is a person who manages the distribution of a decendent’s assets in line with the instructions of the decendant’s testator as stated in the will.In section2(c) of Indian Succession Act,1925 an “executor” means the person... Continue Reading →

 EXECUTIONER OF A WILL

INTRODUTION To start with this article we will first know the meaning of an executor and its legal definition.An executor is a person who manages the distribution of a decendent’s assets in line with the instructions of the decendant’s testator as stated in the will.In section2(c) of Indian Succession Act,1925 an “executor” means the person... Continue Reading →

DIVISION OF PROPERTY BETWEEN DAUGHTERS AND DAUGHTERS IN LAW

INTRODUCTION The various roles that girls perform throughout their lives determine how they live. Depending on her status within the family, she has different rights and obligations. Be it a daughter, daughter-in-law, mother, or wife, each of these roles is distinct enough to require its own set of regulations that define her responsibilities and legal... Continue Reading →

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