Din Kuch Aise Guzarta Hai koi (Gulzar)

Din Kuch Aise Guzarta Hai koi
Jaise Ehsaan Utarta Hai Koi

Aainaa Dekh Kar Tasalee Hui
Humko Is Ghar Mein Jaanta Hai Koi

Puk Gaya Hai Shazar Pe Fal Shaayad
Phir Se Pathar Uchalta Hai Koi

Phir Nazar Me Lahoo Ke ChhiNte Hai
Tum Ko Shaayad Mughaalta Hai Koi

Der Se Goonjtey Hian saanatein
Jaise Humko Pukrata Hai koi

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Triggering of Force Majeure? COVID-19.

Will COVID-19 trigger Force Majeure? I got this question in the last couple of days from a few of my friends, colleagues and ex-colleagues. I would say there cannot be a straight answer in YES or NO. The answer to the triggering or applicability of Force Majeure lies in what manner and/or circumstances the force majeure clause of an agreement has been drafted. Let’s understand this in detail. Force Majeure and vis-Major (i.e. act of god) are the part of inevitable accidents . Inevitable accidents are defined, as any accidents that could not have been foreseen or prevented by due care and diligence of any human being involved in it, or which could not by any possibility is prevented from happening by the exercise of ordinary care, caution and skill. Force Majeure means “superior force” which include war, riots, explosions or other disasters, energy blackouts, unexpected legislation, lockouts, slowdowns, and strikes, epidemic or pandemic diseases, other specified ...

INDEMNITY CLAUSE: ALL ASPECTS

As per Black’s Law Dictionary [1] , “Indemnity is defined as a collateral contract or assurance, by which one person engages to secure another against an anticipated loss or to prevent him from being damnified by the legal consequences of an act or forbearance on the part of one of the parties or of some third person.” It is a promise to make good the loss of other party which may be caused due to damage. In simple language, it is a transfer or management of risk to prevent loss or compensate for a loss which may occur as a result of a specified event against a contractual default or party’s negligence. Further, it means one party agrees to pay losses suffered by another to a third party. Section 124 of the Indian Contract Act, 1872 defines Indemnity as a contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a “contract of indemnity.” Why Indemnity is Import...

RECENT LIBERALIZATION IN FOREIGN DIRECT INVESTMENT (FDI) LIMITS IN INDIA

An investment made by a company or entity based in one country, into a company or entity based in another country, in order to acquire management control and profit sharing or the whole ownership of an accredited company operating is called Foreign Direct Investment (FDI). It plays an extraordinary and growing role in global business. FDI in India is subject to certain Laws, Rules and Regulations and is also subject to predefined limits in various sectors which range from 20% to 100%. There are also numerous sectors where in FDI is not permitted by the Union Government of India. From time to time the FDI limits are reviewed by the Government as per its need. FDI is permitted in new sectors where the limits of investment in the existing sectors are modified accordingly. In order to liberalize the FDI limits to attract more foreign Investor in India, the Union Government of India constituted a committee named, Arvind Mayaram (Rajasthan Cadre IAS Officer) Committee headed by the Economic ...

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