Dec'2016 Issue, Vol 69
Legal Concepts
Benami Transaction: A Curse to Indian Economy : After the demonetization led by our Hon’ble Prime Minister, Mr. Narendra Modi, the aim of whom was to wash away the black money out of the economy and get it into the licit...Read more >>
 
Article of the Month

REMOVAL OF AUDITORS : Section 140 of Companies Act, 2013 and Rule 7 of Companies (Audit and Auditors) Rules, 2014 states the law and procedure regarding removal of auditor before expiry of his term. Section 140(1) of the Act provides for removal of auditor before the expiry of his term... Read more >>

Insight

Nidhi Company : Nidhi Company is a company incorporated as such with an objective of. Cultivating the habit of thrift; Saving amongst its members; Receiving deposits from its members; and Lending money to it members. Rule 4 of NIDHI Rules 2014 provides that:A Nidhi Company should be...  Read more >>

Case laws

ONLINE GROUP ADMIN NOT LIABLE FOR MEMBER’S STATEMENTS : The petitioner had sought damages against the administrator of a Telegram and Google group on which the allegedly defamatory statements were made. The plaintiff in this, suits for permanent injunction and damages qua defamation which states that the plaintiff has settled with the defendant, Spire Woods Buyers Association and withdraws the suit against them. The defendant Mr. Rajesh Bhagat has filed for deletion of his name from the array of defendants. The counsel for the plaintiff states that the defendant Mr. Rajesh Bhagat was also mistakenly impleaded... Read more >>

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