In 2017, India implemented the Goods and Services Tax (GST) as a comprehensive tax system that replaced several indirect taxes levied by the central and state governments, including value-added tax (VAT), excise duty, and service tax. The primary goal of GST is to simplify the tax structure and ease the tax burden on businesses and […]
Goods and Services Tax (GST) is a comprehensive tax system that was introduced in India in 2017. It replaces multiple indirect taxes that were levied by the central and state governments, such as value-added tax (VAT), excise duty, and service tax. The aim of GST is to simplify the tax system and reduce the tax […]
As per section 2(1)(b) of the Consumer Protection Act, 1986 (“Act”) a Complaint means an unfair trade practice, goods bought by a consumer which suffer from a defect, services availed by a consumer suffer from a deficiency, overcharging by the trader or goods which are hazardous and sold in contravention of law. The essential features […]
The common notion is that minors cannot be sued for their civil wrongs. This typically enumerates from the concept that all contracts with minors are ‘void ab initio’, meaning that all contracts with minors are not valid enforceable contracts in the eyes of the law. However, minors can be sued for their civil wrongs in […]
Diplomatic immunity is contained in Article 31 of the Vienna Convention which states – A diplomatic agent shall enjoy immunity from the criminal jurisdiction of the receiving States. He shall also enjoy immunity from its civil and administrative jurisdiction except in the case of: (a) a real action relating to private immovable property situated in […]
Summary: Over the past decade India is witnessing a Private Equity boom due to the robust economic growth and domestic demand. There is no surprise that India saw the largest deal activity in CY 2010 for the Asia Pacific region. The private equity / venture capital investments in India doubled from CY 2009 to US$ […]
A ‘trust’ is an obligation annexed to the ownership of a property, and arising out of a confidence reposed in and accepted by the trustee, or declared and accepted by him, for the benefit of another or of another and the owner. The above definition of trust brings out a few important concepts – It […]