Development in Company Law

DIRECTOR IDENTIFICATION NUMBER (DIN) • Director Identification Number (DIN) is a unique 8-digit number that is allotted by Central Government to the individuals who intend to become a director in a company or who already are directors of company. • DIN once allotted is valid for lifetime of a director until cancelled, surrendered or deactivated….

Winding up a Company -1

At some point of your time thanks to several reasons one has got to close his business which stage is understood as completing of a corporation . It is the last stage of company during which its existence for past several years is dissolved and everyone its assets are wont to pay off the creditors,…

Directors – Company Law – 3

Vacation of Office of Director (Sec 167) This section provides the reason in when the office of the director shall become vacate. The following are the reasons:- • He incurs any of the disqualifications specified in section 164; where he incurs disqualification under sub-section (2) of section 164, the office of the director shall become…

Custodial Violence in India – 2

Major judgements by the Supreme Court on police violence and custodial deaths. Case 1 Radul Shah Vs State of Bihar 1983 In this  the petitioner was illegally kept in jail for 14 years. A writ of habeas corpus was filed demanding the immediately release of the person. This case is important because the supreme court…

Custodial Violence in India

In our society whatever matter we totally avoid or ignore, slowly that matters start to get converted into acceptance and seems to be normal to us. For example Blockbuster movies like Dabangg, Sacred Games, Rowdy Rathore, Simba etc in all these movies the common concept was police brutality and torture. It has been observed that…

Prospectus – Company Law – Part 1

In Company Law, prospectus plays a significant role, where it contains all the material information (General, Financial & Statutory) of the company i.e., prices and shares detail of the specific company, which helps the general public who wishes to shop for a share therein specific company. As the prospectus may be a legally mandated document…

Landmark case relating to Homosexuality

In this article we will discuss about section 377 which talks about the homosexuality in India so in order to understand this better we will talk about five case laws which deals with this matter. The landmark Case laws are as follows—- 1. Naz Foundation case 2009 This is the case of Naz foundation vs…

Know all about Bitcoins

In 21st century after the internet the next breakthrough was Bitcoin. When the Bitcoin was invented in 2008 its value was zero. Where as if we see today’s value of Bitcoin is in lakhs. So in order to understand whether Bitcoins are safe or legal in India let us first understand about what is bitcoin?…

One Nation One Election

ONE NATION ONE ELECTION From 1950 to 1951 India’s first Lok Sabha election was conducted. This Lok Sabha election was done on the basis of provision of the constitution of India. During that time to main parties were the Indian National Congress and Communist Party of India. The leader of Indian National Congress at that…

Laws related to Sedition in India

Arundhati Roy, Binayak Sen, Aseem Trivedi, Hardik Patel and Kanhaiya Kumar we have all heard about this peoples, so what was common among these peoples,  so the common thing in between them was all of them were charged for sedition. So in the year 2020 India has completed 50 years of the law sedition. Slowly…

Voluntary Winding up a company 3

Voluntary Liquidation or Voluntary completing of a corporation in India is run under Insolvency and Bankruptcy Code, 2016. Voluntary Liquidation is that the process of liquidating the corporate with the approval of its members. A company usually goes for a voluntary liquidation when its members decide to not continue its business operations. The main objective…

Why did Indian Banks fail so miserably ?

Bank failure: Every person remains very much concerned relating to his money things such as bad he should save the money which is the appropriate place to save his money concerns the person. This is the place where banks play their roles, bank is such a place which takes deposit from the customer, as well…