Management > Financial Management > Profit and Wealth Maximization Financial management is concerned with procurement and use of funds. The main objective of Financial management is to ensure the maximization of the economic welfare of its shareholders. The maximization of economic welfare means maximization of wealth of its shareholders. Shareholder’s wealth maximization is reflected in […]
Management > Financial Management > Introduction The planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization is called financial management. It is the art and science of managing money It is concerned with procurement and effective utilization of funds for the benefit of its shareholders. It utilizes all those managerial activities […]
Title: Shri D. K. Basu, Ashok K. Johri vs State Of West Bengal, State Of U.P. Case No: WRIT PETITION (CRL) NO. 592 OF 1987 Judgment Date: 18/12/1996 Mode of Citation: AIR – 1997 SC – 610 By Divisional Bench of Justice Kuldeep Singh and Justice Dr. A.S. Anand Author of the judgement: Justice Dr. A.S. […]
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 > The Concept of Industry Let us discuss the concept of the industry in light of the Industrial Disputes Act, 1947. Section 2(J) Definition of Industry: “industry” means any business, trade, undertaking, manufacture or calling of employers and includes any calling, […]
Indian Legal System > Civil Laws > Industrial Disputes Act, 1947 > Unfair Labour Practices Industrial Dispute Act 1947 mentions clearly what are unfair labour practices on the part of employers and on the part of employees. The fifth schedule of this act consists of a list of unfair labour practices on the part of […]
Indian Legal System > Civil Laws > Industrial Disputes Act, 1947 > Comparative Study of Lay-Off, Retrenchment, and Closure In this article, we shall do Comparative Study of Lay-Off, Retrenchment, and Closure and its effect on employment. Definition of Lay-Off: “Lay-off” means the failure, refusal or inability of an employer on account of shortage of […]
Indian Legal System > Civil Laws > Industrial Disputes Act, 1947 > Closure of Undertaking Closure: The Industrial Disputes Act, 1947, originally does not contain the provisions relating to the closure of an industry. The provisions relating to the law of closure were inserted in the year 1957 in view of the Supreme Court judgment […]
Indian Legal System > Civil Laws > Industrial Disputes Act, 1947 > Strikes Definition of “strike” under the Industrial Disputes Act, 1947: Definition of “strike” under The Maharashtra ESMA, 2017: Essential Characteristics of Strikes: Case Laws: Northbrook Jute Co. Ltd. V. Their Workmen (1960, I LLJ 580 SC) Buckingham and Camatic Co. Ltd. v, Certain […]
Meaning: The law does not concern itself about trifles Meaning of De minimis non curat lex Word by Word: De: About Minimis: Minimal or very small things Non curat: not take care Lex: Body of law Explanation: The law does not concern itself about trifles (small acts). Small acts are those acts about which a […]
Distinguishing Between a Tort and a Crime: Torts Crime A tort is a species of a civil wrong; In tort private legal rights are violated; it gives rise to civil proceedings. Crimes are those which result into punishment of the criminal. It gives rise to criminal proceedings. In tort, the plaintiff is the injured party. […]