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Section 498A of the Indian Penal Code (IPC), which defines the offence of matrimonial cruelty, was inserted into the IPC by an amendment in 1983. Offenders are liable for imprisonment as well as a fine under the section and the offence is non bailable, non-compoundable and cognizable on a complaint made to the police officer by the victim or by designated relatives. Article 498 A passed by Indian
India has developed very comprehensive and open policy towards Foreign Direct Investment (‘FDI’). Since the inception of economic reforms in early 1990s, substantive reforms have been initiated in the field of investment, trade, financial sector, exchange control simplification of procedure, enactment of competition and intellectual property rights, etc,. Present India provides a liberal, attract
People are governed simultaneously by many different laws: laws recognised by the state i.e. codified and uncodified laws and informal laws such as customary practices which vary according to the cultural, social and political context. A half-hearted attempt was made in 1937 when the Shariat Application Act was passed with the intention to apply the Shariat, and not the customary laws, on the Mus
The shares or debentures or other interest of any member in a Company shall be movable property, transferable in a manner provided by the articles of the Company. Even the Sale of Goods Act includes Shares in the term movable property. Thus, shares are movable property and can be sold, pledged, assigned and mortgaged...
It would be inaccurate to refer ‘Equality Marriage’ as ‘Gay marriage’ and ‘Homosexual marriage’, since non-homosexuals may seek a same-sex marriage. The term gay is variously used to refer to gay men and lesbians. Aside from the semantic issues concerning bisexuality, in the case of an intersex partner, an otherwise heterosexual marriage could be classified either legally or genetically as a same
The trend began haltingly a few years ago. In 2000, Tata Tea took over a global company twice its size, Tetley Tea, the second biggest tea company in the world. This was followed by Essel Packaging, owned by Subhash Chandra, took over Propack of Switzerland to form Essel Propack. The merger created the biggest producer in the world of laminated tubes, and an Indian MNC became global number one. B
Although there is little doubt that the adoption law is flawed, yet there exists some disparity about the proposed remedy. To some the law itself is welcome, but its content is not. They believe that adultery should be treated as a crime but the discrepancies should be amended. To the supporters of Madhav Mennon and the National Commission for Women the law is obsolete in the context of the moder
Section 205 of the Act regulates the declaration and distribution of dividend. All the companies which have share capital other than section 25 companies and make profit are bound by law to declare and distribute dividends. As per Section 205 of the Companies Act, 1956, a dividend (including interim dividend) can be paid out of current profits or profits accumulated of earlier years. However, dep
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