The distribution of tax resources between the Union government and the state governments in India is governed by the provisions outlined in Article 268...
Residential status plays a significant role in determining the tax liability of an individual or entity in a particular country. In India, the residential...
The Constitution of India provides for the establishment of a Finance Commission through Article 280. The Finance Commission is a constitutional body responsible for...
The Finance Commission, as established under Article 280 of the Constitution of India, has several important functions. Its primary role is to make recommendations...
Deductions refer to specific expenses, investments, or contributions that can be subtracted from the total taxable income, resulting in a lower tax liability. They...
Search
Definition
Search refers to the action taken by law enforcement authorities to examine premises, vehicles, or individuals in order to find evidence related to a...
Appeal, Reference, and Revision are legal mechanisms available to individuals or parties dissatisfied with a decision or order made by a lower authority or...
Introduction: The Dynamic Nature of Indian Law
Indian law is constantly evolving to address new challenges, societal changes, and advancements in various sectors. For legal professionals, staying updated with the latest amendments is crucial to providing accurate legal advice and maintaining compliance. This guide outlines key amendments in...
Introduction: Economic Pressures on Legal Practices
The legal industry is not immune to economic fluctuations and pressures. Law firms, regardless of their size, must navigate rising costs, changing client expectations, and competitive pressures. Effective cost management is essential for maintaining profitability and ensuring long-term sustainability. This guide explores...
Introduction: The Importance of Technology in Modern Law
The legal profession is increasingly leveraging technology to enhance efficiency, improve client service, and streamline operations. As we move into 2024, staying updated with technological advancements is crucial for law firms and legal practitioners to remain competitive and provide high-quality...
Introduction: The Scope of Legal Careers Beyond Traditional Practice
The legal field offers a wealth of opportunities beyond the traditional roles of litigators and judges. For Indian law graduates, exploring non-traditional legal careers can lead to fulfilling and dynamic professional paths. This guide delves into various alternative legal...
Introduction: The Realities of a Career in Litigation
Entering the field of litigation is both exciting and challenging. The first year is often the most demanding, as new lawyers must quickly adapt to the fast-paced and high-stakes environment of the courtroom. This guide aims to help new litigators...
Introduction: The Challenges of Starting a Legal Career
Graduating from law school marks a significant achievement, but it also signals the beginning of a new set of challenges. Transitioning from the academic environment to the professional world of legal practice can be daunting. This guide aims to provide...
Introduction: The Evolving Legal Landscape
The legal profession is undergoing rapid changes with advancements in technology, evolving legal frameworks, and increased globalization. For Indian law students, mastering essential skills is crucial to navigating this dynamic landscape and excelling in their careers. This guide highlights the key skills every...
Introduction: Importance of Internships for Law Students
Internships are a critical component of legal education. They provide hands-on experience, exposure to real-world legal issues, and an opportunity to apply theoretical knowledge. Internships help law students build practical skills, understand the workings of the legal system, and make valuable...
Introduction: Importance of CLAT and AILET Exams
The Common Law Admission Test (CLAT) and the All India Law Entrance Test (AILET) are the gateway to India’s premier law schools. Cracking these exams opens doors to prestigious National Law Universities (NLUs) and a successful legal career. This blog provides...
The National Company Law Tribunal (NCLT) is a quasi-judicial body established under the Companies Act, 2013, in India. It primarily deals with matters related to company law, corporate governance, insolvency, and liquidation.
Constitution of NCLT
Composition: The NCLT is composed of judicial and technical members who are appointed by...
The Memorandum of Association (MOA) and Articles of Association (AOA) are two vital documents that govern the internal and external affairs of a company. These documents are a fundamental part of a company's constitution and provide a framework for its operations.
Memorandum of Association (MOA)
Purpose: The MOA defines...
The Memorandum of Association (MOA) and Articles of Association (AOA) are two important documents that govern a company's internal and external affairs in India. Both can be altered, but the procedure and scope of alteration are different.
Alteration of Memorandum of Association (MOA)
The MOA outlines the company's objectives...