Sigmalegal

USUAL MISTAKES WHICH A PRIVATE COMPANY MAKES

How much amount of loan the private company makes or takes are depend upon the provisions of the Companies Act, 2013. This Act tells about all about the sources from whom the private company can take or make loan/guarantee or provide securities in connection with that loan and also from whom they are prohibited or … Read moreUSUAL MISTAKES WHICH A PRIVATE COMPANY MAKES

FAQs on filing of PAS-6 and Demat of Shares

Question: Is it applicable to all the Companies? Answer:  No, it is applicable on every unlisted public company shall except the following unlisted public companies: a Nidhi; a Government company or a wholly owned subsidiary  Question: Is there any exemption for any public Company for filing this form and private company which directly indirectly covered … Read moreFAQs on filing of PAS-6 and Demat of Shares

WHAT HAPPENS TO PROPERTY AFTER DEATH OF A PERSON?

A person keeps on working throughout his life to accumulate more and more properties. But the question is what happens to these properties after he/she dies and who are the persons who inherit these properties. How a person can deal with his property? A self-acquired property can be dealt by a person as per his … Read moreWHAT HAPPENS TO PROPERTY AFTER DEATH OF A PERSON?

Daughters would have equal coparcenary rights in HUF properties even if they were not alive at time of 2005 Amendment Act

In recent case delivered on 11th August,2020 Justice Arun Mishra speaking on behalf of 3JB in, (VINEETA SHARMA VS RAKESH SHARMA) has considered the question concerning the interpretation of section 6 of the Hindu Succession Act, 1956 (as amended by Hindu Succession (Amendment) Act, 2005 has been referred to a larger Bench in view of … Read moreDaughters would have equal coparcenary rights in HUF properties even if they were not alive at time of 2005 Amendment Act

WHAT TO DO IF POLICE REFUSE TO REGISTER FIR

**(The article has been prepared for a common man prepared by Sigma Legal Group and vetted by Sr. Public Prosecutor, Criminal Court covering answers to your basic queries) What is FIR First Information Report (FIR) is a document prepared by the Police when they receive information about a cognizable offence. In layman language, cognizable offences … Read moreWHAT TO DO IF POLICE REFUSE TO REGISTER FIR

Home Buyer-What is the Relief available to them

Legal Remedies available to a Home Buyer against the Builders   “Home interprets heaven. Home is heaven for beginners”.      Charles Henry Parkhurs Buying Home is a pleasant event for every person and owning a beautiful Home might be the biggest dream of their life. A person invests his hard earned money to get a shelter for … Read moreHome Buyer-What is the Relief available to them

Cheque Bouncing: What you should know

What is the law on Cheque Bouncing? Section 138 of the Negotiable Instruments Act, 1881 (Act) deals with “Dishonour of Cheques”. This Act provides for Criminal Prosecution, in case a Cheque issued towards legally enforceable debt is bounced. The Act provides for i) Monetary Penalty: At the time of conviction of the accused (drawer of … Read moreCheque Bouncing: What you should know