DEFINITION OF GIFT
Gift is defined under section 122 of the Transfer of Property Act, 1882 (“TPA” or the “Act”). Gift is the transfer of certain existing moveable or immoveable property made voluntarily and without consideration, by one person, called the donor, to another, called the donee,
Franchising is a business model in which one business (the franchisor) allows a separately owned business (the franchisee) to use their systems, brand name and other intellectual property rights in return for royalty and other considerations. The advantage for a franchisee
Goods and Service Tax
With 114 countries and the European Union already implementing a central goods and services tax commonly known as the GST, India has finally followed suit. After a decade-long debate, in a historic development, the GST bill was passed in the Rajya Sabha
The main and foremost concerns for property owners in India, before they let out their property are: Will their right of ownership remain secure? Is it safe to rent property ? Who are the right tenants? If I am located in another city or country, what are safe documentation
The much awaited Insolvency and Bankruptcy Code received the President’s nod on May 28, 2016. The Code was a decently written piece of legislation with laudable but ambitious intentions. It is still not in effect and it will be a while before the different
COURTS AND LITIGATION
India has a highly developed and codified legal system, initially inherited from the British but thereafter extensively re-worked and substantively re-structured. There are detailed codified statutes governing commercial relations
Coming out as a breakthrough in venture funding business, crowd funding is taking off in India in a positive way. With the success of the first ever live crowd funding event at Kolkata, many ventures found their much-desired funding. It has already bred
In this article, we look at protecting the intellectual rights of software, a much-underrated entity although it makes for some of the highest copyright infringements. Computer related inventions can be really tricky. Firstly, you have to describe the
One of the most important and many times overlooked areas in starting up a new venture is how to split the initial equity within founders of the company. Many times, founders who have been friends for a long time simply assume that
In India mergers between two or more companies is covered under chapter XV of the Companies Act, 2013 (the “Companies Act” or “Act”). As the law has it in India, unfortunately the term merger per-se is not defined in the Companies Act.