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 To the supporters of Madhav Mennon and the National Commission for Women the law is obsolete in the context of the moder
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Adultery laws in India
Posted by admin (#1) 278 days ago (http://www.legalserviceindia.com)Declaration and Distribution of Dividends by a Company
Posted by admin (#1) 268 days ago (http://www.legalserviceindia.com)
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
Custody Laws in India
Posted by admin (#1) 278 days ago (http://www.legalserviceindia.com)
Child custody is a term used in family law courts to define legal guardianship of a child under the age of 18. During divorce or marriage annulment proceedings, the issue of child custody often becomes a matter for the court to determine. In most cases, both parents continue to share legal child custody but one parent gains physical child custody. Family law courts generally base decisions on the
Directors of a Company
Posted by admin (#1) 268 days ago (http://www.legalserviceindia.com)
The definition of Director given in this clause is an inclusive definition. It includes any person who occupies the position of a director is known as Director whether or not designated as Director. It is not the name by which a person is called but the position he occupies and the functions and duties which he discharges that determine whether in fact he is a Director or not. So long as a person
Supreme Court Judgments & case laws in India
Posted by admin (#1) 293 days ago (http://www.legalservicesindia.com)
Supreme Court Judgments & case laws in India have been update here periodically...
Guardianship
Posted by admin (#1) 278 days ago (http://www.legalserviceindia.com)
Under the Hindu Minority and Guardianship Act, 1956, S. 4(b), minor means a person who has not completed the age of eighteen years. A minor is considered to be a person who is physically and intellectually imperfect and immature and hence needs someone's protection. In the modern law of most countries the childhood is accorded protection in multifarious ways. Guardian is "a person having the care
Buy Back of Shares
Posted by admin (#1) 268 days ago (http://www.legalserviceindia.com)
One of the first multinationals (MNCs) to offer buy back option was Royal Philips Electronics of Netherlands (Philips), the Dutch parent of Philips India Limited in the year 2000. The open offer was made at Rs.105, a premium of 46% over the then prevailing stock market price. Cadbury India, Otis Elevators, Carrier Aircon etc. soon followed suit. Fund managers which held these companies' stocks fe
Formation of New States In India
Posted by admin (#1) 293 days ago (http://legalservicesindia.com)
One of special features of the Union of India is that the union is indestructible but the power conferred on Parliament includes the power to form a new state or union territory by uniting a part of any State or Union territory to other State or Union territory. The identity of States can be altered or even expunged by the Parliament. The Constituent Assembly declined a motion in concluding stage
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