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Origin of CrPC The Mohammedan Criminal Law became prevalent in mediaeval India as a result of the law established by the Muslims. The British rulers passed the Regulating Act of 1773, which established a Supreme Court in Calcutta, and later in Madras and Bombay. The Supreme Court was to decide the cases of the Crown's sub..

Key takeaways A prospectus is a document that invites the potential investors to subscribe for a company's shares and debt obligations. According to the Companies Act, certain individuals are liable and subject to punishment for any inaccuracies discovered in a company's..

Key takeaways Diversification is a key factor in why businesses choose to merge and acquire other businesses. The necessity for an M&A strategy arises when a firm seeks to diversify its business interests. The 2013 Companies Act's Chapter XV, Sections 230–240, gove..

Origin of the COLLEGIUM The tern collegium is defined as “a group of people which has approximately equal power and authority”, but the term is incorporated by judicial intervein. The Bar council of India on 17/10/1981 during a national seminar of lawyers in Ahmedabad put fort the concept of establishing a system ..

Key takeaways The Latin phrase "beyond the powers of" is the root of the English word "Ultra Vires." Therefore, it indicates beyond the company's control when used in a corporate context. Ultra vires is when a company, or its directors and members, behave..

Key takeaways Corporate governance is the association of well defined laws, procedures, and rules that govern business operations. The idea of corporate governance was established with the primary goal of providing shareholders with considerable information disclosure. l..

Key Takeaways The Foreign Exchange Management Act, or FEMA, is a piece of legislation that regulates the movement of money into and out of India The Reserve Bank of India performs a number of functions, including monitoring various policies that are prepared for banks and contro..

Meaning and definition The term meeting is not codified under the companies act, the word meeting is defined as “assembly of people for a particular purpose, for formal discussion”. A company meeting can be defined as a concurrence or coming together of members in order to transact either ordinary or special busin..

Key takeaways Government Company refers to any company in which the Central Government, any State Government, any combination of the Central Government and one or more State Governments, or a Company that is a Subsidiary Company of such a Government Company, holds not less than 51% (fifty one per cent) of the paid-up ..

Key takeaways According to the provisions of the Companies Act of 2013, it was established on June 1st, 2016, (Section 408). The NCLT is a quasi-judicial organisation created to settle all business-related disputes, with the exception of criminal proceedings for violations of th..

The Supreme Court in a recent judgment held that a subsequent purchaser has no right to claim lapse of acquisition proceedings. In the present case, the land was notified to have been acquired on 25.11.1980 under Section 4 of the Land Acquisition Act, 1984. Declaration under Sect..

The “two-finger test” followed in rape cases was prohibited by the Supreme Court which held that any person conducting the test shall be held guilty of misconduct. Justices D.Y. Chandrachud and Hima Kohli while restoring a rape conviction case regretted and criticized the use of the “two-finger test”. The bench held that the court has time a..

The Supreme Court in a Ballistic Report forwarded by the Director/ Deputy Director/ Assistant Director of a lab under the seal observed that it complies with the statutory requirement under Section 293 CrPC. Section 293 CrPC provides for reports of certain Government scientific experts that could be admissible evidence..

Case Name- S. Rajeev Kumar v. The Director, Central Bureau of Investigation [2022 LiveLaw (Ker) 572] Bench- Chief Justice S. Manikumar and Justice Shaji P. Chaly The Central Bureau of Investigation (CBI) is not required to provide any information requested under the a href="http..

Key takeaways A private placement is any offer of securities or invitation to subscribe for securities made by a company to a select group of people other than through a public offering through the issuance of a private placement offer letter. A company making a private placement invitation or offer must allot its stocks within 60 days after receiving the applicat..