Introduction This article is about due diligence checklist before buying a chemical factory. There are three different aspects the prospective buyer should look for before buying a chemical business. Those can be categorized under the following broad heads. 1. Corporate structure, 2. Operation of business (Manufacturing, export, etc), and 3. Compliance with legal regulations. Let [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. Introduction: Airbnb is an aggregator and online marketplace which enables people to list their properties, vacant rooms in home for short-term stay. Airbnb does not own any property, building etc, but merely [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. 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 [...]
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 [...]
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 [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. Introduction: Housing.com 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 housing.com dispute is what will [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. 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 [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. 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 [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. 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 [...]
– Abul Kalam Azad Sulthan, Advocate, High Court of Judicature at Madras and Madurai Bench of Madras High Court & Partner, Spicy Law Firm. 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 [...]
