When a dividend is declared by a company but has not been paid or claimed within 30 days, the company shall transfer the amount to an Unpaid Dividend Account. If the money transferred to the Unpaid Dividend Account remains unpaid or unclaimed for a period of 7 years from the date of transfer, the amount shall be transferred to the Investor Education & Protection Fund.
“Dignity of labor has to be our national duty, it has to be a part of our nature.”
Whenever the decision makers are involved in sensitive discussions of any commercial, it is always important to ensure an NDA is signed between the parties which instills a degree of trust and confidence, which in turn can assist in open negotiations and exploring wider horizons.
Unlawful or wrongful arrest in India represents a grave miscarriage of justice, where individuals are apprehended by Law enforcement without proper evidence or due process. It has been a persistent issue in India, that continues to plague the country’s criminal justice system.
Interim Finance is defined under Section 5 (15) of the IBC, 2016 which means
A careful reading or analysis of the provisions of different statutes governing tax evasion, money laundering, security fraud, etc. suggests that Indian statutes impose vicarious liability on officers who are in charge of and responsible to the company for the conduct of business and those who contributed to the contravention or the offense by giving consent, connivance and not acting diligently.
The Indian state Uttar Pradesh recently notified Uttar Pradesh Prohibition of Unlawful Conversion of Religion Ordinance, 2020 which attracted massive outrage as it was seen as an attempt to criminalize freedom of faith and conscience.
Social media has become an integral part of our lives, connecting people worldwide and facilitating communication, networking, and information sharing. However, this interconnectedness also exposes social media users to various risks, including the susceptibility to data theft.
In the tapestry of India’s Constitution, Article 15 stands as a vibrant thread, woven with the purpose of eliminating discrimination and promoting equality among its citizens.
In the realm of the law, disputes between individuals, businesses, or organizations often lead to court cases. These legal battles, known as litigation, are essential for resolving conflicts and upholding justice.
When disputes arise between parties in a business or legal context, there are various ways to resolve them. One effective method is arbitration, where an impartial and independent body, known as an arbitral tribunal, is appointed to settle the dispute outside of traditional court proceedings.
Lotteries have been enticing people with the promise of a life-changing jackpot for many years. With the advancement of technology, online lotteries have become increasingly popular, allowing people to participate from the comfort of their homes.
In recent times, societal norms have evolved, and various forms of relationships have emerged beyond the traditional concept of marriage. One such arrangement is a live-in relationship, where two individuals choose to live together without getting married.
As a landlord, if you find yourself in a situation where you need your tenant to vacate the premises, sending a legal notice can be the appropriate first step.
A One Person Company (for short “OPC”) is a company incorporated by a single individual. Before the Companies Act 2013, one person alone could not get a company incorporated and had to go for a Sole Proprietorship.