Legal Parivar is a premier compliance management platform, ensuring legal excellence and seamless adherence to regulations.
As a business expands, it may consider growing in terms of operations, size, scope, or structure. To achieve this growth, it might be necessary to infuse more capital into the company, thereby increasing its share capital. Sometimes, the required capital may exceed the current allowable limit. Authorized capital is the maximum amount of capital a […]
Effective February 1, 2024, the process of transferring money through the Immediate Payment Service (IMPS) is poised to become remarkably simpler, requiring only a mobile number and the recipient’s bank account name. Under a directive from the National Payments Corporation of India (NPCI), customers can initiate transfers up to Rs 5 lakh between bank accounts […]
Date of Judgment: 6th May 2021 Judges: Justice D.Y Chandrachud, Justice M.R Shah The division bench of the Supreme Court noted that the foundation of our republic is the judiciary’s independence from the executive and legislative branches. Being independent means not only not being swayed by the actions of those in authority but also being […]
The Maneka Gandhi v. Union of India case is a landmark judgment in Indian constitutional law, particularly in the context of personal liberty. Maneka Gandhi, the daughter-in-law of former Prime Minister Indira Gandhi, had her passport impounded by the government under the Passport Act. She challenged this action, arguing that it violated her fundamental rights. […]
India’s direct tax collections surged to Rs 15.60 lakh crore by February 10 in the current fiscal year, marking a notable year-on-year increase of 20.25%, primarily driven by a robust rise in personal income tax, according to recent official data from the Central Board of Direct Taxes (CBDT). As of February 10, the net tax […]
As the financial year (FY) 2023-24 approaches its conclusion, it’s crucial for individuals to undertake effective tax planning. There’s a myriad of investment options available to save on taxes while aiming for respectable returns. Prior to selecting an investment instrument, investors should assess their risk appetite, investment objectives, and time horizon. Constructing a portfolio should […]
Fundamental Rights in India are a set of constitutional provisions that guarantee every citizen certain inherent freedoms and protect them from arbitrary actions of the state. Enshrined in Part III Articles 12 to 35 of the Indian Constitution, these rights reflect the commitment of the framers to create a just and equitable society. They encompass […]
Article 39-A of the Indian Constitution embodies the commitment to providing equal justice and free legal aid. Enshrined in the Directive Principles of State Policy, this constitutional provision reflects the state’s commitment to securing justice for all, irrespective of economic or other disabilities. The mandate of Article 39-A is to ensure that opportunities for securing […]
