ATTEMPT TO COMMIT CULPABLE HOMICIDE

Any act that is carried out with the intent or knowledge to cause death and under conditions that would result in culpable homicide rather than murder. He will be punished with either type of imprisonment for a term that can last up to three years, a fine, or both. If the act injures someone, he... Continue Reading →

Calls on Shares of Same Class to be made on Uniform Basis

Section 49: Calls on shares of same class to be made on uniform basis. Any requests for additional share capital made in relation to a class of shares must be made uniformly with respect to all shares included in that class. For the purposes of this section, shares with the same nominal value but differing... Continue Reading →

Power of Limited companies to alter its share capital

Introduction Section 61 of Companies Act, 2013, has laid down the power of limited company to alter its share capital. Section 61 came into existence on 1st April 2014 excluding the proviso of sub-section 1 and the proviso was implemented on 1st June 2016. Limited company refers to a company in which the liability of members of that... Continue Reading →

     Shelf Prospectus

Any document that is referred to or distributed as a prospectus falls under the definition of prospectus. Any notification, circular, advertisement, or other material that serves as an invitation to offers from the general public is also included in this. Any securities of a corporate body should be the subject of such an invitation to... Continue Reading →

Who is Expert under Companies Act

Section 2 (38) "Exper" of Companies Act, 2013: Engineers, valuers, chartered accountants, company secretaries, cost accountants, and anybody else with the capacity to give a certificate in accordance with a current legislation are all considered "experts." If a person possesses in-depth knowledge in a certain subject or special abilities that are essential to a group's... Continue Reading →

Inspection, Inquiry and Investion under Companies Act

Introduction Under chapter XIV, which covers sections 206 to 229 of the Companies Act 2013, the requirements relating to "inspection, inquiry, and investigation" have been incorporated. this clause falls under one of the following four categories:- Part A of the Companies Act 2013 deals with inspection and investigation (sections 206 to 209); The investigation is... Continue Reading →

   Power of Limited Companies to Alter Its Share Capital

Section 61 Limited companies' ability to change their share capital  (1) A limited company with a share capital may change its memorandum in its general meeting to—if permitted by its articles. (a) Raise the amount of its authorized share capital that it deems necessary; (b) Combine and divide all or a portion of its share... Continue Reading →

NOC for Transfer of Property from Legal Heirs

A no objection certificate or NOC is a very important document that establishes the legality of a particular transaction.  INTRODUCTION What is a No Objection Certificate? A No Objection Certificate (NOC) is a document granting consent for the purchase or construction of property to a person or a company. Applicants must get a No Objection... Continue Reading →

Can a Gift Deed be Challenged in India ?

What is a Gift Deed? A gift deed is a legal document that can be used to transfer immovable property in accordance with section 122 of the Transfer of Property Act, of 1882. A gift deed includes information about the property, the transferrer, and the recipient, similar to what a sale deed does. However, it permits... Continue Reading →

Things to be aware in Builder – Buyer Agreement

A builder-buyer agreement is a document which specifies the modalities, conditions and clauses between a builder and a homebuyer. The builder-buyer agreement contains clauses referring to the property in question, delivery information, and terms relating to default and late project delivery, among other things. At one point, delayed real estate projects affected the Indian real... Continue Reading →

    Equity Shares with Voting Rights

The term equity shares which is more commonly to as a ordinary share refers to a form of fractional ownership in which each member assumes the full extent of an enterprise’s entrepreneurial obligation. The power to vote is available to these shareholders in any company. The Right to vote at the company’s annual general meeting... Continue Reading →

   Different Types of Share Capital

An equity share, occasionally appertained to as an ordinary share, is a form of fractional power that entails the topmost quantum of entrepreneurial responsibility for a trading organization. Let's examine equity shares in lesser detail. The company keeps its equity share investment capital. It's only returned after the business has been shut down. The company's... Continue Reading →

Effect of Disputes on the Partition of Property in India

Private property is a necessary institution, at least in a fallen world; men work more and dispute less when goods are private than when they are in common.                                                                                                                                                                                                         R. H. Tawney Family disputes can result in a forced partition. Partition of property takes region while there may be joint possession of or greater individuals... Continue Reading →

FREEHOLD PROPERTY IN INDIA :

Introduction : Freehold property is any estate that is "free from hold" of any entity other than the owner. As a result, the owner of such an estate has perpetual free ownership and can utilise the land for any purpose, subject to local rules. A freehold property is more expensive than a leased property since... Continue Reading →

PROPERTY RIGHTS OF WIFE AFTER DIVORCE FROM HER HUSBAND IN THE INDIAN SCENERIO

Introduction : A man and a woman's marriage is a lifelong commitment, but when they decide to separate, many things are divided, including their assets. Real estate division is typically much more complicated given that it is the most valuable asset that most couples own. In India, a woman's right to her husband's property varies... Continue Reading →

Slum Rehabilitation Policy : Evolution, Need, Process, and Loopholes.

Introduction : Slum Rehabilitation Policy in India is an initiative started to revive of protect the slum area and its people in the country. The purpose of this policy is to protect these areas and develop them into productive areas for their people. All the projects under the policy are to be carried out by... Continue Reading →

Contract to sell or let property by one who has no title not specifically enforceable under the Specific Relief Act

Introduction In India, Specific Relief Act was initially enacted in 1877 based on the doctrines advanced by the English Equity Courts. Upon the recommendations of the Law Commission of India, the earlier act was repealed and later, the new act came into force. Now, the law regarding specific performance is enshrined under the Specific Relief... Continue Reading →

Forest Land in India

Introduction Forests are an invaluable natural resource. They provide us raw materials such as wood, timber, minerals, fodder, fuel, etc. They prevent soil erosion, provide shelter to tribal people, maintain the balance of the ecosystem and function as the guardians of the diverse wildlife that our country houses. Apart from this, many forests in India... Continue Reading →

Salient Features of the Maharashtra Land Revenue Code, 1966

Introduction Land provides us with our basic necessities such as food, clothing and shelter. It has always been an important axis for economic activities necessary to sustain human life. No developmental activity is possible without taking land into consideration. Goods can be moved around but land is immovable. Hence, the capability of land to provide... Continue Reading →

All about The Doctrine of Lis Pendence (Pending Suit) in Transfer of Property Law.

Introduction : The doctrine of lis pendence is a legal principle that states that a title to property cannot be transferred until the debtor has received the funds they are owed. This principle is important in property law because it helps to prevent creditors from seizing property until they have been paid. This principle is... Continue Reading →

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