Category Archives: Our Blogs

Contract of Indemnity vs Contract of Guarantee: An analysis   Introduction Contracts of Indemnity and Guarantee are special contracts governed under the Indian Contract Act of 1872 which are specifically provided for in Chapter 8 of the same. Both these contracts have similar purposes, that of saving of particular companies, partnerships, associations of people, and […]

Introduction In the days of yore, human beings who fell sick had less recourse to the medical field to resuscitate them back to health and vigor and the usual practice was to provide them with anesthetics to ease their pain until death. With the evolution of the human race and the advent of modern medicine, […]

 Liquor Licensing in India   Introduction The production, distribution, and consumption of alcohol is usually a process that starts with acquiring a license to do the same. This License is to verify that all the sellers and distributors of liquor are working within the regulations stipulated by the Acts passed by the State Legislatures in […]

The IPO Process: How a company goes public   Introduction Companies, usually when they are incorporated, they are incorporated as private companies as entrepreneurs are not that financially and economically sound so as to form a public company at the stage of the conception of their idea. They have to start small as not a […]

Summarizing the Global Financial Crisis of 2008   Introduction The global financial crisis of 2007-08 was one of the worst financial crises since the financial crisis of the 1930s. Millions of people lost their jobs, life savings and were left to fend for themselves on the streets. A great recession followed the financial crisis which […]

Cheque Bounce Introduction The digital era has made our life easier and simpler than before. All thanks to the internet and innovation which has brought developments in the Banking sector too. Now transferring money, making payments, etc., are at our fingertips. However, there are many who still prefer the traditional mode of cheques for financial […]

Introduction In India, the very first legislative enactment for companies was passed in the year 1850 which was based on the English Companies Act of 1844. A company is a legal entity that is acknowledged by the legislation that permits a group of people to apply to form an organization that is set to pursue […]

What is a Memorandum of Understanding? A Memorandum of understanding (MoU), also known as a Letter of Intent in India, is where two parties come together to reach a decision. It is a legal document that describes the basic and broad outlines of an agreement. An MoU agreement is made when two parties or more […]

What is a company? Section 2 (20) of the Companies Act, 2013 defines a company incorporated under this Act or any other previous company law. This definition does not clearly state the meaning of a company. In order to understand what a company is let us look at some explanations given by some authorities: “A […]

Overview Any business entity or individual does not have the authority to play music in public areas for a commercial purpose without obtaining a music license. In India, the Copyright Act of 1957 has made it compulsory for all bars, clubs, hotels, cafes, and restaurants to first obtain a music license and then play music […]