Publications

Unified Securities Code

In what can be termed an opportune moment for the capital market investors, the Finance Minister Nirmala Sitharaman recently proposed the merging of four laws that govern capital markets as well as Securities. These Acts include the Securities and Exchange Board of India Act, 1992 (“SEBI Act”), the Depositories Act, 1996 (“Depositories Act”), the Securities Contracts (Regulation) Act, 1956 (“SCRA”) and the Government Securities Act, 2007 (“GSA”). These laws have been aimed to be consolidated into a unified securities market Code.

PAYTM: RBI CLASSIFICATION & REGULATION

With Paytm IPO around the corner, we try to answer as to..

Conveyance Allowance Not a Part of Wages (ESIC)

The Ministry of Labour & Employment has issued a clarificatory Circular citing..

MCA strikes off 37,000 companies on statutory non-compliance

MCA is striking off 37,000 companies on account of secretarial non-filings. This..

Unified Securities Code

Introduction In what can be termed an opportune moment for the capital..

Significance of Capping of Liability Clauses in Contract – Part 3

This is the third and the last part of the three-part series re-evaluating the significance of the liability cap clause in contractual agreements in the aftermath of the pandemic. This Part deals with the enforceability of liability cap clauses in contracts and aims to elucidate how it is dependent on the merits of each case. Thereby, it restricts a contracting party from absolutely taking a defence based on the existence of the said clause and disclaim his/her partial or complete liability towards an agreed transaction in the contract.

Will: Sample Format

SAMPLE WILL I, _____________, aged ___ years, S/O ______________, resident of House..

SIGNIFICANCE OF THE CAPPING OF LIABILITY CLAUSES IN CONTRACTS— Part 1

This is the first part of a three-part series re-evaluating the significance of the liability cap clause in contracts with an emphasis on limiting financial exposure and keeping in mind the aftermath of the pandemic. This financial year has in addition to changing the approach of business has also re-asserted the significance of certain contractual clauses such as liability cap clauses and force majeure, which were earlier not given due attention.

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