Business Law

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What should an Indian entrepreneur know about Mauritius if he or she is planning to take foreign investment?

– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law LLP. Introduction: Mauritius is an Island nation in the Indian Ocean with an area of about 2000 Square Kilometers and has a population of just 1.3 million. Mauritius is different from similar island [...]

Monopoly in Electricity Industry and Regulatory Authorities

  The Electricity sector in India is still a 'Government Monopoly' when it comes to transmission and distribution of powers. Although there is 42% share by Private sector in Power Generation, there is no competition in the power distribution and hence the consumers do not have the freedom to choose between different distributors as envisaged [...]

Consumer Protection Perspectives on Electricity

Since there is a monopoly in vast majority of electricity industry, there is a strong need for consumer protection mechanisms. Although the independent regulators are doing well in their duty of overseeing and regulating the industry, there is a need for institutions at the consumer level to protect them from erring suppliers. The Ombudsman: The [...]

How Could Co-Founders Agreement Helped in Dispute?

Introduction: dispute is a well-known issue and is a lesson to be studied by the entrepreneurs before starting a startup venture. The major question behind the dispute is what will happen to the startup if one or more co-founders leave the business. If there is an agreement without any ambiguity, then the chance [...]

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

– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law LLP. 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 [...]

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 [...]

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