What is a Foreign Company

Foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and,  (b) conducts any business activity in India in any other manner. For U.S. federal tax purposes, where “foreign corporation” means a corporation... Continue Reading →

Monopolistic Trade Practices

Monopolistic Trade Practices : Section 2(i) of the Act defines(in a nutshell) a monopolistic trade practice as a trade practice which has or is likely to have the effect of :- i) maintaining the prices of goods or charges of services at unreasonable levels by limiting, reducing or other wise controlling the production, supply or... Continue Reading →

What is Restrictive Trade Practice

What is Restrictive Trade Practice : The Restrictive Trade Practices Act 1956 was an act of the Parliament of the United Kingdom intended to enforce competition, and provide an appropriate check on restrictive combines and practices. It required that any agreement between companies that restricted trading should be placed on a public register unless granted... Continue Reading →

History of Divorce in India

History of Divorce in India : Grounds for Divorce: In most Western nations, there are approximately 16 distinct reasons for which divorces are granted. In India, however, only five main reasons are generally accepted as sufficient grounds for divorce . Adultery : While no formal definition of adultery exists, it does have “a fairly established... Continue Reading →

What is a Foreign Company ?

What is a Foreign Company : Foreign company” means any company or body corporate incorporated outside India which,— (a) has a place of business in India whether by itself or through an agent, physically or through electronic mode; and,  (b) conducts any business activity in India in any other manner. For U.S. federal tax purposes,... Continue Reading →

The Basic Rights of a Consumer

The Basic Rights of a Consumer : Right to safety Means right to be protected against the marketing of goods and services, which are hazardous to life and property. The purchased goods and services availed of should not only meet their immediate needs, but also fulfil long term interests. Before purchasing, consumers should insist on... Continue Reading →

Anti Competitive Agreement

Anti-competitive agreements are agreements among competitors to prevent, restrict or distort competition. Section 34 of the Competition Act prohibits agreements, decisions and practices that are anti-competitive. A particularly serious type of anti-competitive agreement would be those made by cartels. A typical example of anti competitive horizontal agreement would be agreement between two manufacturers of coal... Continue Reading →

What is Geographical Indication

What is Geographical indication :  A geographical indication (GI) is defined in the TRIPS Agreement as an indication which identifies a good as originating in the territory of a member, or a regional locality in that territory, where a given quality, reputation or other characteristic of the good is essentially attributable to its geographical origin.... Continue Reading →

Adaptation under Copyright

Adaptation under Copyright :  For computer programs – which are considered literary works – an adaptation is a version of the work that is not a reproduction. The adaptation may or may not be in the same language, code or notation the work was originally expressed in. For musical works, an adaptation is a new... Continue Reading →

Different Types of IPR

Types of Intellectual Property Rights Patents. Trade secrets  Copyright Trade Marks  Industrial Design Geographical Indication. TRADE SECRETS :  Trade secrets refer to specific, private information that is important to a business because it gives the business a competitive advantage in its marketplace. If a trade secret is acquired by another company, it could harm the... Continue Reading →

Sources of Christian Law

Source of Christian Law : The four major sources of Christian law are: Scriptures i.e the Holy Bible Traditions Reasons Experience Scriptures The Holy Bible is made up of books that were written over a period of 1000 years. It contains letters, history, genres, and poetry. The Bible can be divided into two sections: the... Continue Reading →

What is an Arbitration ?

What Is An Arbitration : Arbitration is a method of resolving disputes outside of court. Parties refer their disputes toan arbitrator who reviews the evidence, listens to the parties, and then makes a decision.Arbitration clauses can be mandatory or voluntary, and the arbitrator’s decision may bebinding or nonbinding. And, Arbitration is a procedure in which... Continue Reading →

Foreign Exchange Management Act (FEMA) For India: An Overview

The Foreign Exchange Management Act (FEMA) was introduced by the Indian Government in 1999, replacing the previous Foreign Exchange Regulation Act (FERA) of 1973. FEMA was designed to boost external payments and foreign trades. FEMA is a civil law against FERA which was a draconian police law. In essence, FEMA was a modernization of the... Continue Reading →

SCOPE OF PRELIMINARY INQUIRy:

A preliminary inquiry is an inquiry prior to the trial and which is done for the purpose of Indicating the criminal nature of the offence or for the reason that whether the trials should Start or not. Section 157 of Crpc deals with the procedure of preliminary inquiry which explains that when Certain information about... Continue Reading →

SCOPE OF PRELIMINARY INQUIRY:

A preliminary inquiry is an inquiry prior to the trial and which is done for the purpose of Indicating the criminal nature of the offence or for the reason that whether the trials should Start or not. Section 157 of Crpc deals with the procedure of preliminary inquiry which explains that when Certain information about... Continue Reading →

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