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Preference Shareholders are those shareholders who have a preference over the equity shareholders. The preference shareholders have a preference over equity in two ways. One is the preference in terms of dividend distribution out of profits of a company. The dividend is given to them before declaring a dividend for equity shareholders. The second preference […]
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Limited Liability Partnership basically means a kind of business entity which have the benefits of a limited liability corporation also, it have the flexibility and the less complicated internal structure of a partnership. Due to this distinct nature of LLP, it is neither governed under the Companies Act, 2013 nor governed under Partnership Act, 1932. […]
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A Supreme Court Bench, comprising Justice AK Goel and RF Nariman, in Asian Resurfacing of Road Agency P. Ltd. And Anr. Vs. Central Bureau of Investigation, directed that whenever original record has been summoned by an appellate or revision court, photocopy or scanned copy of the same must be kept for its reference and original […]
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The supreme court, in recent judgment of Ram Pal Singh vs. State of U.P. & Ors., under the civil appellate jurisdiction, Justice Madan B Lokur, suggested that member of legislative assembly or local body should face serious consequences, if, in case, elected representatives had not subscribed for not taking oath of office, within a specified […]
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Article of Association of Company is a document which is termed as the constitution of the company. The other document with the same position is Memorandum of Association. As per Companies Act, 2013, AOA governs the running of company. Also, it governs setting out voting rights of shareholders, conduct of shareholders’ and directors’ meetings, powers […]
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Last week, Delhi High Court upheld the judgement of life imprisonment of five convicts for raping and robbing a Danish woman in Delhi on January 14, 2014. Justice was given to the woman in Danish Woman Rape Case. The bench, comprising Justice S. Muralidhar and Justice I.S. Mehta, rejecting the appeals, filed by convicts, charged of gang […]
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Hack of SC website- Last week, the official website of the Apex court was crashed with allegations of being hacked surfacing. Initially, several people were posting images of Supreme court website saying “hackeado por HighTech Brazil HackTeam”, explicitly stating the allegations on Brazil Hacking team. Few days back, India’s Defence Ministry website and Home and Law […]
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Dr. Ganesh Upadhaya, filed the petition in Uttarakhand High Court for redressing the grievances of agrarian community highlighting the various incidents of suicide committed by farmers in the state of Uttarakhand. The averments made under the petition was “abject poverty, level of in-debt and high statistics of crop failure. Four farmers in the State of […]
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SEBI’s establishment was in the year 1988 but were given statutory power in the year 1992. The basic aim of SEBI was to protect the investors in securities. There a lot of fraud being committed in the securities market wherein the investor’s money was misused and therefore SEBI was formed. Herein we will discuss about […]
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On the final Aadhaar hearing, Day 33, Rakesh Diwedi, senior counsel, referred to the Department of telecommunication’s circular, in his arguments, of date 23 March, 2017, directing all telecom operators for conducting re-verification of existing pre-paid and post-paid connection users, based on Aadhaar based KYC, in furtherance to the order of apex court in Lokniti […]
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Secondary Market basically means a market where securities are traded after them being exchanged through the primary market. It is called a market where second-hand securities are sold. It includes both equity and debt market. Securities and Exchange Board of India as a regulatory authority was established under section 3 of SEBI Act 1992 in […]
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INTRODUCTION: India is in dire need of the legal framework for data protection, amid all the plans and talks of an IT framework for government’s new health protection scheme, union ministry released the draft, for upcoming act, to protect health data. In December 2017, the white paper on data protection framework for India was published […]
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