Ease of Doing Business in India Improving

India is one of the fastest growing economies in the world and by 2016-17 it will be the biggest economy in the world. India's growth rate is destined to touch 8% by 2016-17. Further, by 2050, it is believed India will overtake all countries in its Purchasing Power Parity (PPP). However, doing business in India … Continue reading Ease of Doing Business in India Improving

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Hypothecation and Mortgage Property in India

Hypothecation legally means providing something as collateral for any form of debt. However, although a collateral security is provided the debtor usually does not have to turn over physical custody of the collateral although the lender is "hypothetically" in control of the collateral. The Indian Contract Act does not define the term ‘hypothecation’, however, section … Continue reading Hypothecation and Mortgage Property in India

Australian Hospitality Business Law

  Question 1.        Darren and Samantha met at culinary school and shared a common goal to own a restaurant specializing in desserts.  Three years after graduation they opened the ‘Sweet Tooth’.  They each contributed 50% of the starting capital and verbally agreed to share all profits and loss of the business equally. Initially the business … Continue reading Australian Hospitality Business Law

Incorporating Limited Liability Partnership (LLP) in India

The introduction of Limited liability Partnership (LLP) in India has created a huge difference in how corporate bodies are structured, run and taxed in this country. Traditionally speaking, the corporate structures prevalent in India were incorporated companies, proprietorships or partnerships. Further, proprietorships and partnerships in India lacked business capital which created a hindrance to business … Continue reading Incorporating Limited Liability Partnership (LLP) in India

Partnership Deed Format

THIS DEED OF PARTNERSHIP made this ………. day of April ____ BETWEEN ___________ (formerly Known as ____________ and also as _________________) a company within the meaning of Companies Act, 1956 and having its registered office at ________ (which expression shall unless excluded by or repugnant to the context be deemed to mean and include its … Continue reading Partnership Deed Format

Role of Due Diligence in Mergers and Acquisition

Introduction Ever since the Indian Economy opened itself to the foreign market after the economic liberalization reforms of 1991, Mergers and Acquisitions have become a common phenomenon throughout India. In a highly competitive global environment, mergers and acquisitions have turned out to be one of the fastest strategic options for companies to gain competitive advantage. … Continue reading Role of Due Diligence in Mergers and Acquisition

Winding Up Notice Format

SPEED POST/REGISTERED POST WITH A/D.                                                                                                              Dated: To                                                                         ____________________ Dear Sir(s), Re:    Notice under section 434 (a) of the Companies Act, 1956 for winding up of the addressee Company due to outstanding debt amount of Rs. ______________/- (Rupees ____________________ only) along with interest @ 18% per annum pending payment.Our Client:            _____________________________________________________---------------------------------------------------------------------------------------------------------------------------- We write under instructions … Continue reading Winding Up Notice Format

Validity and Legal Enforce-ability of Side Letters in India

The question of whether or not an Agreement is a Side Letter and whether such agreement meets the requirement of a valid, binding and enforceable contract or not, must be analyzed on facts from case to case and that the same must comply with the provisions of the Indian Contract Act 1872. The following broad … Continue reading Validity and Legal Enforce-ability of Side Letters in India

Analyzing “Shareholder protection and stockmarket development: an empirical test of the legal origins hypothesis” by Armour, Deakin, Sarkar, Siems and Singh

  Question 1: Explain what the researchers wanted to find out. What research methods did they employ? What criticisms may be made of the research design?   Answer 1: The researchers of the article “Shareholder protection and stockmarket development: an empirical test of the legal origins hypothesis”[1] wanted to find out the “law matters” and … Continue reading Analyzing “Shareholder protection and stockmarket development: an empirical test of the legal origins hypothesis” by Armour, Deakin, Sarkar, Siems and Singh