( 208 posts )

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will ,   execution ,   requirement

S.63 of the Indian Succession Act, 1925 stipulates three conditions as regards to execution of will Viz.,

1. The testator shall sign or shall affix his mark to the will, or it shall be signed by some other person in his presence and by his direction.

2. The signature or mark of the testator, or...

By Rajaganapathy Ganesan March 25, 2018
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shares ,   debentures ,   convertible debenture ,   redeemable debenture ,   types of debentures ,   preference shares ,   redeemable shares ,   equity shares

Capital is needed by the companies, both private and public to increase their productivity or market reach or to purchase latest modern equipment and machines. So, companies go for Initial Public Offering (IPO) and if they had already gone for IPO they go for Follow - on Public Offer (FPO). In...

By Lawfarm Team March 19, 2018
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Legal ,   External commercial borrowings ,   ECB ,   foreign ,   loan ,   FCCB ,   FCEB


Any money that is borrowed from a foreign source or foreign institutions (for entities that are eligible to take them as per RBI guidelines and other laws governing such borrowings) the objective of which is to finance the commercial activities in India is known as...

By Neha Agarwal March 19, 2018
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principal employer ,   contractor ,   independent contractor ,   agent ,   liability ,   contractor law ,   master servant


A principal employer for sure is liable for the acts of his servant done on his behalf but a principal employer who engages an independent contractor to work for him will not be liable for the acts of independent contractor as the difference is that an independent contractor is “...

By Lawfarm Team March 19, 2018
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The Insolvency and Bankruptcy Board of India (“IBBI”) vide notification dated February 6, 2018, amended the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Some of the key highlights of the notification are:

  • The Resolution...

By Nishant Gera March 19, 2018
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person resident of india ,   residential status ,   non-resident ,   ordinary residents ,   non-ordinary residents

Determination of residential status of a person is essential for purposes like levy of income tax, or for investment purposes –like opening a PPF or to purchase an agricultural land under FEMA, or owning NRE/NRO/FCNR(B) accounts.

A person resident in India is clearly defined under the Foreign...

By Neha Agarwal March 19, 2018
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consumer ,   consumer complaint ,   consumer rights ,   consumer forum ,   complaint ,   consumer protection act ,   jaago grahak jaago


The Consumer Protection Act, 1986 was enacted to provide a simpler and quicker access to consumer grievances. The Act for the first time introduced the concept of ‘consumer’ and conferred express additional rights on him.

Before filing a complaint there are few essentials that are...

By Bhavneet Vohra December 30, 2017