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Legal Jargons

Word: Ignorantia juris non excusat Meaning : “Ignorantia juris non excusat” is a Latin Legal term that means “Ignorance of the law is not an excuse.” This means that persons who violates the law cannot claim ignorance as an excuse for why they committed a crime. Pronunciation: Ignoran+tia+ Juris+ non+ excusat Word: alienation Meaning : …

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FDI In Limited Liability Partnership Partnership Firms And Its Concerns

[vc_row][vc_column][vc_column_text]As per the extant regulations, Foreign Direct Investment (FDI) is allowed in Companies incorporated in India, Partnership Firms, Proprietary concerns and Trusts either under Automatic route or with the prior approval of Government as applicable terms and conditions permit. A Limited Liability Partnership (LLP) is a partnership in which partners have limited liability. LLP is …

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SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI)

SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011: SEBI in continuation of the circular No SEBI/CFD/DCR/SAST/ 1/2011/09/23 dated September 23, 2011 has issued a circular bearing No. CFD/DCR/SAST/2/2011/10/20, dated 20-10-2011,specifying the formats for disclosures under Regulation 29(1) and (2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Amendments to the Equity, IDR …

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The yardstick for determining the infringement of trademark differs from case to case.

Warner Bros. Entertainment Inc. and Anr. Vs. Harinder Kohli and Ors. – Decision by Delhi High Court The plaintiff (Warner Bros. Entertainment Inc) was an American producer of film and television entertainment, and had obtained rights for featuring film adaptations of Harry Potter Novel. Harry Potter is a well known novel, written by British Author …

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Composite Scheme of Arrangement can’t be held in abeyance for insufficient Authorized Share Capital of transferee company

Bhopal Gelatines (P) Ltd V/s. Bhopal Glues and Chemicals (P) Ltd – Decision by Madhya Pradesh High Court, on 26th July 2011 The petition under Section 394 of the Companies Act, 1956, was filed seeking sanction of Madhya Pradesh Court (Court) with regard to a composite scheme of arrangement (scheme) whereby the undertaking of the …

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Benami Transactions (Prohibition) Bill, 2011

Purpose: To prohibit holding property Benami and restrict the right to recover or transfer such property. Background: Under growing attack over corruption and black money, the Union Cabinet on 21st July, 2011, approved the proposal for the enactment of a new legislation in the form of the Benami Transactions (Prohibition) Bill, 2011 to replace the …

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Legal Jargons

Word: Caveat Meaning : Caveat is a Latin expression which means “let him or her beware” or a warning; a note of caution or a legal notice to a court or public officer to suspend a certain proceeding until the notifier is given a hearing. Example: The main caveat is making sure you have enough …

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