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Salient Features of the Electricity Act, 2003

Policies: The Electricity Act, 2003 envisages that policies to be framed regarding various aspects and it should be done by the Central Government in consultation with the State Governments and Electricity Commissions as the subject is in the concurrent list of Schedule VII of the Constitution of India. National Electricity Policy (Section 3 of the [...]

Laws and regulations related to pledge

Introduction: Indian Contract Act, 1872 deals with the pledge. Pledge is a kind of bailment. It is also called as 'pawn'. If the good are bailed as security for payment of a loan or performance of a promise, it is considered a 'pledge'. The person who is giving the goods as security for repayment of [...]

Trade Union related laws in India

Introduction and Historical Perspectives Trade Union Act, 1926 is the important law related to Trade Unions in India. Industrial revolution during the 19th century brought massive changes in England and other western countries. There are radical changes in every process of manufacturing, method of production, shipping etc, due to the Industrial revolution which resulted in [...]

10 things that every Indian should know about Indian Civil Procedure Code

Introduction The law can be broadly classified as 1) Substantive Law and 2) Procedural Law. The Substantive Law, whether it is based on statute law or common law, defines what facts are constituting a fact or liability.[1] To say, in other words, the Substantive law defines various principles regarding the rights and liabilities. (Example: The [...]

Entry of Foreign Law Firms in India – Globalization & Liberalization of Legal Profession

Entry of Foreign Law Firms in India–Globalization & Liberalization of Legal Profession In this era of LPG (Liberalization, Privatization, and Globalization), allowing entry of foreign law firms (subject to some conditions) in India is inevitable. It is the need of the hour. This will give the litigant client a wide variety of lawyers to choose [...]

Sole Proprietorship Vs Company

There are several differences, several advantages, and disadvantages in both forms of business. A sole proprietorship is very simple to form and does not require much paperwork to start with. But, a Company requires paperwork which has to be verified by a Professional (CA, CMA or CS) before filing with the Registrar of Companies. There [...]

Choosing a right business name for your start-up…

If you are going to form a company, the name should have three parts. 1) Name, 2) Object part and 3) Constitution of the company. For Example: Spicy Law LLP ‘SPICY’ is the Name part, ‘LAW’ is the Object part and ‘LLP’ is the Constitution part of the name of this business. In TATA Consultancy [...]