Sibani Panda, Research Associate A Contract is an agreement enforceable by law which offers personal rights, and imposes personal obligations, which the law protects and enforces against the parties to an agreement. The general laws of contract is based on the conception, which the parties have, by an agreement, created legal rights and obligations, which…
Abhinav Gaur, Research Associate Every contract broaches an obligation upon each party to such contract, to either do or not to do something. Upon breach of such obligation created by a promise to an act/omission under the agreed terms of contract, is raised a right upon the Promisee to get compensated for losses incurred due…
Abhinav Gaur, Research Associate Existing Companies Act, 1956 has been amended on August 29, 2013 through new Companies Act. Old bill was too complex and many representations were made to the Govt. to simplify it and incorporate present days requirements. In this new Bill, in addition to number of amendments new law of ONE PERSON…
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Tanya Agarwal, Research Associate Meetings play a vital role in functioning and governance of a company. The Companies Amendment Act 2013 which came into force a month ago has improvised the earlier provisions relating to company meetings. The concept of statutory meeting and filing of statutory report under Section 165 of the Companies Act of…
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Abhinav Gaur, Research Associate The Companies Bill, 2009 for the first time was introduced on August 3rd 2009. On August 31, 2010 the Standing Committee presented its report on the Bill. Later, in the winter session of 2011, the central government withdrew this Bill. Thus, on December 2, 2011, the Bill was re-introduced. The Bill was finally after…
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Abhinav Gaur, Research Associate India has always had a rich and long history in Oil & Gas sector. Primarily, oil was struck at Makum in Assam in the year 1867. Then, first oil discovery put to commercial benefit was made in Digboi in 1889. In the times of pre-independent India, the Assam Oil Company and Attock Oil Company were the only oil companies producing oil in the…
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Sibani Panda, Research Associate The new Companies Bill has received the President’s assent on August 29, 2013 and the Companies Act, 1956 which was replaced by the recent companies act has brought about some drastic changes in several areas of company administration and management. OVERVIEW OF THE COMPANIES ACT, 1956 AND THE COMPANIES ACT, 2013 [table id=3…
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Evangelia Linaki, Research Associate In view of the International Day of the World’s Indigenous Peoples on 9 August, it is a good opportunity to reflect on the contribution of Indigenous Peoples and the major current challenges they have to face. One hotly debated issue is that of the protection of indigenous knowledge under the Intellectual…
Author: Abhinav Gaur, Research Associate The concept of Limited Liability Partnership has been a recent phenomenon in India, introduced in India by way of the Limited Liability Partnership Act, 2008. A Limited Liability Partnership, popularly known as LLP is an amalgamation of the advantages of both the limited liability of a Company and dynamics of…
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Author: Abhinav Gaur, Research Associate The first Copyright Act (India) was passed in the year 1914. Currently, the Copyright Act, 1957 governs the copyright law in India. The original Act of 1957 was amended several times like in the year 1983, 1984, 1992, 1994, and recently in 1999. Section 16 of the Act provides that,…