By capping of liability, we mean stipulating a limit to the financial damages payable by a party to the contract, in the event of a breach. Commercial agreements of the current period have become very much advanced with various protective clauses, and one such clause is the “Liability Cap clause”.
Anticipatory breach or repudiation is a well-recognized concept in Indian courts and the law on it is fairly well settled. In instances of an anticipatory breach, it is at the discretion of the injured party being notified of the breach as to whether it wants to put an end to the contract or keep it alive for its benefit.
On May 31, 2023, the Securities and Exchange Board of India (SEBI) cancelled the Certificate of Registration of Karvy Stock Broking Limited (KSBL/ Company). This was a major blow to the Company, one of India’s leading stockbrokers, with over 2 million clients. This article analyses SEBI’s move, the Company’s acts and the laws surrounding the same. Further, it highlights the impact of this decision on investors.
The Code on Social Security (the Code), passed with a view to repeal and consolidate existing labor laws and facilitate ease of doing business, has introduced several changes in the Employees’ State Insurance (ESI) Scheme. This article brings forth the features pertaining to the ESI Scheme under the said Code, which proves crucial for both the employee(s) as well as the employer(s). A snippet of these features are as follows:
This article aims to explore the concept of drag-along and tag-along rights in India, examining their advantages, disadvantages, and legal implications. By shedding light on these rights, businesses and legal practitioners can better navigate the complexities of shareholder agreements and ensure alignment with Indian laws.
In an increasingly data-driven world, businesses in India are faced with the responsibility of managing and protecting vast amounts of..
Introduction – Void Agreements There are some underwhelming agreements. Some become the basis of enforceable contracts while others are considered..
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.
The Ministry of Labour & Employment has issued a clarificatory Circular citing the recent judgment titled, ESIC vs. Texmo Industries..
MCA is striking off 37,000 companies on account of secretarial non-filings. This is in addition to the 67,000 plus companies..