One of the peculiar characteristics of a corporate identity is the concept of separation of ownership and control. It implies that the owners of a corporate entity are not its managers. While the legal fiction operating upon a corporation makes the shareholders (equity shareholders to be...

This paper makes an analysis of the 'cause of action' as a concept of practical usage and understanding as instrumental in drafting of and filing of legal claims in judicial forums. Cause of action, as properly understood, reflects the reason for grievances which have been unsettled in so much...

A major step in drafting the International Bill of Human Rights was realized on 10 December 1948, when the General Assembly adopted the Universal Declaration of Human Rights' as a common standard of achievement for all peoples and nations'. However, at same time when the Universal Declaration...

The decision of the Government of India to disinvest M/s Bharat Aluminum Company Limited, popularly known as BALCO was challenged by the employees of BALCO , State of Chattisgarh (the state in which BALCO is located) and by some public spirited individuals before various High Court and finally...

Fine and imprisonment, as they situate as regularly employed forms of imprisonment, are just means to translate the criminal liability into a physically understood bearing. Yet they pose a large number of questions before they are imposed upon even a single convict. The reason is of their...

Stock Exchanges act as Self Regulatory Organizations (SROs) and the very nature of this function necessitates acting beyond their own monetary gains in order to secure good governance. Conflicts of interest are antithetical to the role of an SRO. Internationally, competition and rapid...

Credit Rating Agencies (CRAs) influence investor behavior and regulate issuers' access to financial markets and thus, they act as markets' gatekeepers. Further, given the statutory requirements for rating of securities before trading can commence thereon, CRAs occupy an intriguing inter-twined...

Capital market regulators have hitherto insisted on a disclosure based regime, with respect to Initial Public Offerings (IPO), to provide investors with more and more information so that they can evaluate their investment options in a better way. However, more disclosure creates information...

The term, 'hire-purchase' symbolizes a business transaction which originates from a written agreement under which goods are let on hire, and the hirer has an option to purchase those hired goods in accordance with the terms of such agreement. These terms include the provision of delivering the...