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In-depth Analysis of Section 186 of the Companies Act, 2013

Introduction: Enshrined in the legislative fabric of the Companies Act, 2013, Section 186 delineates a comprehensive framework governing loans, guarantees, and investments orchestrated by companies. This statutory provision, underpinned by its commitment to financial prudence, endeavours to curtail the potential misappropriation of funds, thereby safeguarding the interests of both shareholders and creditors. This article offers …

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What is a Loan Agreement – Learn Basics

A loan agreement represents a formal contract forged between a borrower and a lender, delineating the terms and conditions underpinning the loan’s disbursement. Loans can emanate from various sources, ranging from financial institutions to personal connections such as friends or family members. Regardless of the relationship between the parties involved, establishing a comprehensive loan agreement …

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Securing the Trade Secrets and Confidential Data in India

Securing the Trade Secrets and Confidential Data in India Introduction Information serves as a valuable asset for businesses, but trade secrets hold a unique significance, often representing the very lifeblood of an enterprise. These trade secrets encompass a wide array of confidential information, such as strategies, designs, client databases, formulas, software programs, and other closely …

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Directors’ Vicarious Liability in the Current Legal Landscape of the Negotiable Instruments Act

Directors’ Vicarious Liability in the Current Legal Landscape of the Negotiable Instruments Act: A Review of Developing Judicial Precedents Introduction Section 138 of the Negotiable Instruments Act, 1881 (“NI Act”) holds individuals criminally liable for dishonoring a cheque. This provision aims to enhance the efficiency of banking operations and ensure trustworthiness in transactions involving cheque …

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Unravelling the Significance of Indemnity Clauses in Commercial Contracts

Introduction The labyrinth of commercial contracts is navigated through a critical element—the indemnity clause. Beyond legal jargon, this clause acts as a shield against potential risks and liabilities that may emerge during the course of business transactions. In the context of Indian law, Section 124 of the Indian Contract Act, 1872, forms the legal underpinning …

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Grounds for Divorce in India

Introduction Marriage, as a sacred institution, forms the bedrock of societal structure. However, life’s complexities sometimes lead to the unraveling of these marital ties, necessitating a legal dissolution. In India, the Hindu Marriage Act provides a framework for addressing such situations, offering nine distinct grounds for divorce. This article delves into the intricacies of these …

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Navigating the Complexities of Intestate Succession in India: A Comprehensive Guide

Introduction Understanding the intricacies of intestate succession—the legal distribution of an individual’s assets in the absence of a will—is crucial in a diverse nation like India, where personal laws govern different religious communities. This guide delves into the concept of heirs, the diverse legal frameworks governing succession, and the practical steps involved in claiming one’s …

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Navigating Intellectual Property Rights in India: A Comprehensive Guide to Protecting Trademarks, Patents, and Copyrights

Introduction: Intellectual Property Rights (IPR) play a pivotal role in India’s economic growth and competitiveness, encompassing intangible creations such as inventions, artistic works, and commercial symbols. The Indian government has made significant strides in modernizing its IPR framework, aligning it with global standards. Trademarks, patents, and copyrights constitute the core categories of IPR, each governed …

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Consumer Protection and Legal Procedures

Consumer rights serve as a protective shield for individuals against potential deception by salespersons or manufacturers. These rights are underpinned by consumer protection laws, which aim to ensure fair trade practices and the dissemination of accurate information in the marketplace. The primary goal of these laws is to prevent fraudulent business practices, granting additional protection …

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