LEGAL TRAIN

The companies Bill, 2012 as passed in both the houses of parliament and has been assented as the Companies Act, 2013, has conferred a wider interpretation to its recognition of Role of a Company secretaries in the corporate world and redefined its scope. The ministry of corporate affairs deserves praise for bringing a new companies Act, by replacing the old act of 1956, and showcasing a broad corporate responsibility model. There are several innovative clauses in keeping with the Globalized Economy. The scope of the Company secretary has been promoted to renowned pedestal by not only focusing upon his traditionally acknowledged role but also by bestowing upon him the responsibility of widened Compliance functions. The Role of company secretary had been an arduous one. In the previous act it was defined under section 2(45 ) as ' secretary ', " who is an individual to perform the duties of secretary and any other purely ministerial or administrative duties...

 It was painful to read their message, "The website studentoffortune will be taken down by 15 August 2013". I had no idea that such a website will get closed down. It was the only website I have ever came across which had the potential of making thousands of its users billionaires in no time and it was actually doing a great job emerging as a platform for both tutors and students who needs help. I enjoyed working for it. I earned lot of wealth, which is about to expire though.  I wanted to earn more but was disheartened to know about their future plans of working with chegg. There is no special incentives in working with chegg as they give only points through which limited things available in their market can be bought. All the fun, of earning in studentoffortune is spoiled.  It was a website started by college students to help other students to get Homework help. The idea worked, It succeeded in its efforts, as people started using...

Multiplier is the rate used for capitalizing the future benefits in to the present values by discounting the benefits that can arise in future by including the expected risk associated. Under the Land acquisition act, Government can take possession and control of any land from any individual, even without their consent in lieu of some compensation granted to them. It is not that easy to calculate the amount of compensation to be awarded for the land acquired. As it involves various issues. Since it is a forceful transaction thus it has to consider the proper compensation, considering the future benefits to be given to the individual Through Multiplier the amount of compensation, to be granted to the person whose land has been acquired is decided. The multiplier is calculated after analysing the present market value of the property and if in case it is difficult to ascertain the present sale variable then income on the basis of yield is considered which is multiplied by the...

Decree obtained by fraud will be nullity if decreed to be nullified by the court of competent Jurisdiction *In the case of A.V. Papayya Sastry & Ors vs Government Of A.P. & Ors on 7 March, 2007 It is thus settled proposition of law that a judgment, decree or order obtained by playing fraud on the Court, Tribunal or Authority is a nullity and non-est in the eye of law. Such a judgment, decree or order by the first Court or by the final Court has to be treated as nullity by every Court, superior or inferior. It can be challenged in any Court, at any time, in appeal, revision, writ or even in collateral proceedings.  *In S.P. Chengalvaraya Naidu (dead) by LRs. V. Jagannath (dead) by LRs. & Ors. (1994) 1 SCC 1 : JT 1994 (6) SC 331, this Court had an occasion to consider the doctrine of fraud and the effect thereof on the judgment obtained by a party. In that case, one A by a registered deed, relinquished all his rights in the suit property...