Summary Arbitration is a process of settling disputes out of court among the disputing parties. It is a preferred mode of dispute settlement for private parties involved in a trade. In India, we have Arbitration and Conciliation Act, 1996, which governs the arbitration proceedings for dispute settlement. The arbitration procedure is less formal and less […]
IntroductionThe inheritance laws pertaining to the division of property in India among Hindus are dealt with under Hindu Succession Act, 1956 and Amendment to it in 2005. Before the passing of this Act, the rights of sons and daughters relating to inheritance were different. Previously the sons had exclusive inheritance rights over the father’s property, […]
Summary Intellectual Property Rights refers to safeguarding and protecting the rights of the owner/inventor/creator. Applying for patents, copyright, or a trademark and granting the same is a form of protection of the invention/creativity. IPR provides benefits to the inventor, ensuring that others cannot use his invention without authorization. These benefits are a reward for the […]
IntroductionIt is a fact that the taxes collected plays a dominant role in the growth and development of the Indian economy. All the residents of India pay taxes for their income earned under provisions of the Income Tax Act, 1961. Similarly, The Indian Income Tax Act, 1961 also provides certain conditions for taxation for NRIs […]
Summary The article provides a detailed analysis of the concept of succession certificate, legal heir certificate and its need and purpose and procedure to obtain the same. The article specifically focuses on the purpose and procedure of obtaining both certificates. Succession CertificateBasically, a succession certificate refers to a certificate that is provided to the successor […]
Summary: The article provides detailed information regarding the concept of Lal Lakir and Lal dora land or property. It focuses mainly on the risks and opportunities associated with owing or acquiring a Lal dora or Lal lakir land or property. IntroductionUnder the British ruling in the year 1908, for simplification and maintenance of the […]
For any start-up, it is challenging to compete with the existing players in the same field. The best way to fight competition is innovation. The invention can be your creativity in the form of a new product, process, design, advertisement, brand, logo, etc. This innovation is your Intellectual Property. Law protects it in the same […]
Summary: The arbitrator acts as a trial court judge, which makes things much easier for a party’s settlement. It differs from regular dispute resolution which goes through litigation lawyers and comes in front of a court judge. Arbitration dispute resolution is widely used in the following types of cases; the most popular is family law, […]
The taxation system in India is a fundamental part of the country’s economy. India has a well-structured tax system. From income tax to custom duty, various taxes apply to Indian citizens under the country’s taxation system. Almost all taxes under the taxation system can be primarily classified into direct and indirect taxes. Some of the […]