India legal news reports indicate that India has possibly the largest number of active non-government, not-for-profit organizations in the world. According to a study conducted by the government in 2008, around 3.3 million NGOs exist in India. That amounts to one NGO for every 400 Indians. Let’s not forget, these are just the official figures, which reflects the NGOs registered under the Societies Registration Act, 1860 or the Mumbai Public Trust Act and its variants in other states. A large number of unregistered active NGOs were not part of the study.
The government of India is all set to extend the legal rights of NRIs pertaining to tax benefits. To promote charity and social welfare, the government has decided to give tax concessions to NRIs. Indians residing in the US can now benefit from tax relaxations on the investments they make in social welfare projects in India.
Developing a precise definition for the term ‘obscenity’ is difficult. What may be considered as obscene in one country may not be considered as obscene in another. It mainly depends on the moral and ethical values of the people who belong to a specific country. However, the generic definition of obscenity refers to an act or speech or item that is likely to corrupt the morality of the general public because of its indecency or lewdness in content or form. The exhibition of something offensive to modesty or decency or expression of unchaste or lustful ideas or being indecent or lewd is considered to be obscene, in most countries.
The concept of obscenity differs from nation to nation. It depends on the cultural values and moral standards that have shaped the history and society of the country. Typically, obscenity is usually analyzed in the backdrop of sexual conduct. Indian law on obscenity is defined under the Indian Penal Code.
The Indian government has established Debt Recovery Tribunals, under the Indian law. These were formed to help financial institutes/Banks, to recover their bad debts, in a quick and efficient manner. The recovery of bad loans has turned into a big issue, affecting the profits of banks and government’s revenues too. Debt recovery tribunals are a judicial body, established under the Recovery for Debts Due to Banks and Financial Institutions, Act, 1993.
The concept of Alternative Dispute Resolution (ADR) introduced to the legal field, a new mechanism of conflict resolution that has no legal proceedings. The ADR system was introduced under the Indian laws, to address the underlying issues in dispute resolution, in a speedy and cost-effective manner. Further, this opportunity provides for reducing hostility and restoring peace among the parties. It also incorporates a sense of justice in each individual.
The wise judge and King, Solomon, is known to have found unique ways to decide disputes that came before him. He had a knack of getting parties to a dispute to reveal their true colors without them being aware of it and he used this method to determine the truth. There is a popular story of how King Solomon was approached by two women, who were claiming right over a baby. After hearing both the women, King Solomon ordered that the baby should be cut into two pieces and both of them shall receive amn equal share. While one woman agreed to it, the other said she would give the baby away. The King understood that the latter was indeed the real mother of the baby. After all, a mother would rather give away her baby than let any harm happen.
With effect from July 1, 2010, the ULIP and pension plans of insurance companies shall be subject to the new IRDA regulations. In accordance with Indian law, the IRDA regulations will place certain restrictions but let us discuss what this means for policy holders.
For the latest directions from the Reserve Bank of India on the issuance of Non- Convertible Debentures (NCDs) of original or initial maturity up to one year, please click here.
[The directions have been compiled and shared with us, courtesy S DHANAPAL & ASSOCIATES, Chennai.]
As per Indian laws, negligence on the part of the manufacturer/seller amounts to breach of duty that causes damage or loss to the complainant. The absence of diligence in offering services amounts to negligence. In case a consumer has suffered any damage or injury by a product, due to the negligence of the manufacturer, the latter shall be held liable.