Following are frequently asked questions on the Foreign Exchange Management Act, 1999 1. Define import under FEMA, 1999. According to Section 2 (p) of Foreign Exchange Management Act, 1999 “import”, with its grammatical variations and cognate expressions, means bringing into India any goods or services. 2. Define person resident outside India. According to Section […]
Category: Civil Law
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Debentures
Indian Legal System > Civil Laws > Company Law > Debentures Debenture is an instrument issued by company acknowledging its debts to the holder under its seal. Debentures carry interest at certain percent. According to Section 2(3) of the Companies Act 2013 ‘debenture” includes debenture stock, bonds or any other instrument of a company evidencing […]
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Awards and Settlement
The Industrial Dispute Act, 1947 which extends to the whole of India came into operation on the first day of April 1947. As per Preamble of the said Act, it is enacted to make a provision for the investigation and settlement of the dispute and certain other purposes such as recovery of money from the […]
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Meetings Under Companies Act
Indian Legal System > Civil Laws > Company Law > Position of Director The word “meeting” is not defined anywhere in the Companies Act. Ordinarily, a meeting may be defined as gathering, assembling or coming together of two or more persons (by previous notice or by mutual arrangement) for discussion and transaction of some lawful […]
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Position of Director
Indian Legal System > Civil Laws > Company Law > Position of Director a) Explain the legal position of a director. The supreme executive authority controlling the management and affairs of a company vests in the team of directors of the company, collectively known as its Board of Directors. At the core of corporate governance, […]
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Director Under Companies Act
Indian Legal System > Civil Laws > Company Law > Director Under Companies Act In this article, we are having a basic idea of the concept of director under Companies Act, 2013. In upcoming articles we shall study individual concepts in detail. Who is Director? Section 2 (34) of the Act prescribed that “director” means […]
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 > Authorities Under Industrial Disputes Act The main object of the Industrial Disputes Act is the investigation and settlement of industrial disputes. For this particular purpose, various authorities have been created under the Act. The adjudication of the industrial dispute has […]
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 > Ambit of Definition of Industry In this article, we will be studying working of different organizations to check whether the organization comes under the ambit of definition of industry or not. In Bangalore Water Supply v. A. Rajappa, AIR 1978 […]
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 >Bangalore Water Supply Case According to Section 2(j) of the Industrial Disputes Act, 1947,“industry” means any business, trade, undertaking, manufacture or calling of employers and includes any calling, service, employment, handicraft or industrial occupation or vocation of workmen. An industry exists […]
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Industrial Disputes
Indian Legal System > Civil Laws > Labour Laws > Industrial Disputes Act, 1947 > Industrial Disputes Industrialization in a country has always contributed to employment, contribution to national income, per capita income, exports and economic development on one side and industrial disputes on the other. For the industrial growth, there must be peace and […]