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Corporate Compliance Calendar for December , 2021

CORPORATE Compliance CALENDAR  covers Compliance under Income Tax act, 1961, Compliance under Goods & Services Act, 2017, Compliance under Other Statutory Laws (PF, ESIC, Under Factories Act, 1948 and Contract Labour Regulation and Abolition Act, 1970 )  and Quarterly Compliances under SEBI (LODR) Regulations 2015....

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Obtaining Factory License in Chhattisgarh: Applicability, Benefits, Procedure & Penalty

As per the Factories Act, 1948, every factory owner must register their premises with the local authorities before commencing their business. Factory License acts as a document of approval given by authorities to carry out manufacturing activities. This is done to ensure the safety of the workers, and to affirm that factory owners are giv...

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Posted Under: Corporate Law |

Can Tenancy Rights Be Bequeathed Under A Will?

Many residential and commercial properties in Maharashtra have been acquired on tenancy basis. A question that naturally arises is what happens to such tenancy rights after the original tenant’s death....

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Posted Under: Corporate Law |

Importance of due diligence & online data room in Mergers & Acquisitions

Due diligence is indispensable before every M&A transaction, where parties inspect the target company, by way of investigation, auditing and reviewing all the details provided in the documents. Due diligence is the systematic method to analyse legal, financial, corporate governance & environmental issues and to ascertain the conti...

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Posted Under: Corporate Law |

Know Everything about Copyright Registration in India- Benefits, Processes, and Documents

Introduction to Copyright Registration Copyright in simpler terms means the right to copy. Copyright gives an exclusive right to an individual or an entity towards their original work like books, scripts, software, artistic, training manuals cinematography, recordings, paintings, programming, designing, etc. In this article we will discu...

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Posted Under: Corporate Law |

Constitutional Challenges With The Indian Stamp Act, 1899, Amendments

The government of India, through Finance Act, 2019, amended the Indian Stamp Act, 1899 (hereinafter called as Stamp Act). The Articles of the Constitution that deals with the Stamp Act are Article 246 along with the Seventh Schedule and Article 268. Article 246, along with Seventh Schedule, deals with the distribution of power between Cen...

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Posted Under: Corporate Law |

Repealing of Farm Laws- A Dangerous Precedent

The three pragmatic farm laws passed by the government with the best of hope, belief and conviction that it will usher in a better life and improve the income of the farmers have been torpedoed by section of the farmers belonging to Punjab, Haryana and Eastern U.P through their uncalled for agitation causing human lives […]...

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Posted Under: Corporate Law |

Analysis of Abuse of Dominance under competition act 2002

‘Dominance per se is not illegal, but the abuse of the position of dominance is illegal’. Analyzing Abuse of Dominance under competition act 2002 The Dominant position is generally considered as a position of superiority and the ability to exert dominance upon another competitor. Competition act of 2002 has explained the term ...

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Posted Under: Corporate Law |

Term sheet and it nature: whether create a binding obligation or not ?

In the era of globalization, businesses are expanding in the form of Mergers & Acquisition transactions, acquisition is a frequent sight but before the definitive agreements are drafted, the parties write down the preliminary agreement in the term sheet, which is also called ‘letter of intent’. The Term Sheet contains the terms an...

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Posted Under: Corporate Law |

Doctrine of Uberrimae Fidei/Good Faith in a Contract of Insurance

I was watching Amir Khan’s advertisement for Phone Pe on TV. The actor’s Motor Cycle was being destructed in a domino effect. Realizing the disaster in advance, the actor does not run to save his motorcycle but fills up form for insurance and makes payment through Phone Pe. The payment was so easy and fast […]...

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Posted Under: Corporate Law |