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Future Prospects of the Indian Insurance Sector The Indian insurance sector began its journey in 1818 with the establishment of the Oriental Life Insurance Company in Calcutta, under British regulatory frameworks. The sector has undergone significant changes since then, especially after India gained independence. The formation of the Insurance Regulatory…
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Evolution and Provisions of the Bharatiya Sakshya Adhiniyam (BSA), 2023 The Bharatiya Sakshya Adhiniyam (BSA), 2023, represents a significant legislative milestone in India's legal framework, updating and modernizing the Indian Evidence Act (IEA) of 1872. While retaining the core principles of the IEA, the BSA introduces crucial changes to address…
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A Comprehensive Analysis of the Bharatiya Nyaya Sanhita, 2023 The legal landscape of India has witnessed a significant transformation with the enactment of the Bharatiya Nyaya Sanhita, 2023 (BNS), which replaced the archaic Indian Penal Code, 1860 (IPC). This monumental legislative reform marks a departure from colonial-era laws and heralds…
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Indian’s New Criminal Law Bills In a landmark move, Union Home Minister Amit Shah introduced three revised Bills on December 12, aiming to replace archaic British-era criminal laws that have governed India for decades. The proposed legislation includes the Bharatiya Nyaya (Second) Sanhita Bill, 2023; Bharatiya Nagarik Suraksha (Second) Sanhita,…
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Trademark laws and Regulations in India A trademark serves as a distinct identifier for a company, its products, or services, distinguishing them from competitors. This can encompass words, signs, symbols, graphics, or a blend of these elements. Examples include Louis Vuitton's Damier Pattern, Cadbury's trademarked purple color, and Coca-Cola's unique…
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Intellectual property for Life Sciences: India “The history of patents includes a wealth of attempts to reward friends of the government and restrict or control dangerous technologies.” ― James Boyle In India, Patents are permitted in all fields of technology. The components deciding the patentability of innovation change for various technologies.…
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Dealing and trading with gold in India India is the second-largest consumer of gold in worldwide. Indians are well known to keep their savings in gold as physical coins or as jewellery. In India, the annual demand of gold is approximately 800-900 tonnes over past years. Another interesting fact in…
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Economic and Fraud Provisions in the Middle East “There is one and only one social responsibility of business – to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open…
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India: Defenses against the charge of Forgery Introduction We have all heard of the saying that imitation is the best form of flattery; however, when it results in damage or injury to the public or an individual, it becomes punishable under law. One such example is that of Forgery. Forgery…
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India: Liquidated Damages Background: An amount that a contracting party offers to pay or a deposit that he agrees to forfeit if he breaches any promise, and both are technically recoverable or retainable as negotiated penalties if the violation happens, having been arrived at through a good faith attempt to…
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Comparison of joint venture laws of India with UAE and Singapore For a long time, one of the main fields of concern for economists all over the world has been the industry. With money on the line, people are always looking for new ways to increase income; whether it's a…
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Overlapping of Rights in India: Trademark vs Designs "When you brand yourself properly, the competition becomes irrelevant" …
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India: Minerals and Mining Laws and Regulations Introduction Oil and coal have been the most desirable commodities for economies around the world. A country that owns these has the potential to become a global superpower. Due to rising environmental concerns, however, governments are taking steps and measures to utilize more…
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Legality of the Unilateral Appointment of an Arbitrator India A unilateral appointment clause is an agreement that gives one of the parties the opportunity to choose between two available options to settle a dispute, while only one of the options is available to the other party. Whether Unilateral Appointment Clauses…
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