LEGAL TRAIN

Business is any organisation or group carrying out for the achievement of economic (companies) or social (Non Governmental organisations) benefit. For starting any Business funds are required to establish, stabilize and run the business. Continual flow of money is required for the business to grow. The money invested initially for starting and maintaining  the business operation is considered as Capital. Capital plays an important role in every business. For producing any product a business needs to invest in raw materials and manufacturing process to get the required output and then only a business can generate sales or profit.  It can be any kind of business, but it cannot start without capital. capital is a term used to define resources used to make money. Basically, you use capital to make something else. concept of capital is an input into the production process. Capital is considered as a liability for a Business because it is an amount invested by owner and Sinc...

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In India at this time assembly elections are on the verge in 5 states and prioritized criteria of every political party is to entice large number of population to secure votes in their favor. Since the election commission has ruled out strict guidelines regarding the spending by a political party during election and stricter punishment regarding paid news, so it has become difficult to entice population by paid news or by distributing gadgets and stuffs. The only way to entice population is by passing out some legislation in favor of the people they want to entice to gain vote. On one side of the coin UP chief minister Mayawati announced that UP will be divided in 4 parts- Bundelkhand, Avadh Pradesh, Poorwachal and Paschim Pradesh, though the decision will face a setback forever because parliament in no case would allow such maniac decisions, but it would give a winning assurance to Mayawati, who is now succeeded in enticing the favor UP people by passing such le...

DataWind is a company manufacturing and marketing wireless web access products, originally founded in Montreal in 2001 by brothers suneet and raja tuli, now based in London . It operated its business only in UK till 2010. In 2010 it won Indian Government's proposal (human resources ministry) to develop low cost tablet or computer for Indian students and population. DataWind along with Indian Institute of Rajashthan developed student version called as Aakash, which is manufactured by Indian company Quad. Government gave it's assurance to purchase 10 millions aakash which costs only $35 or Rs.2,500 to distribute it for free among poor students. The project was developed conjointly with Indian Institute of Rajashthan under an e-learning programme to include college students. Wall street described Aakash as only low cost best 4 G tablet. Aakash is a student version of Android tablet computer. The commercial version of Aakash, which is more advanced than aakash wil...

The topic deals with business as well legal isuess. Apple and Samsung are famous technological firms indulged in developing modern gadgets for modern society. The 2war. companies are very successful in their business in all over the world, are now indulged in a patent. Apple has filled innumerable suits against Samsung in 30 countries (except south korea, because it is the home country of Samsung) for infringing its patent rights by copying the designs of its Iphone and Tablets and developed in the names of Samsung galaxy phones and tablets. Samsung has also accused apple of copying its 3g and video configuration technology. Apple won the suits in Germany and Netherlands, while the results in other countries are yet to be declared. But it is losing its grip in the case, because now Samsung has become more powerful from the time, when the suit filed by apple in US federal court was rejected supporting the claims of Samsung. As Samsung argued that Tablets designs c...

Accounting is known as the language of Business organisation and mainly concerned with the recording and maintaining of the financial data and communicating   the information or data to the users. Though it is not an easy process as it involves various set of steps between them. Like it starts from 1].Identifying the transaction 2]. measuring and analysing the transactions which involves measuring the transactions in terms of money because as per the money measurement concept only those transactions, which can be measured in terms of money/monetary terms, can be recorded in the books of accounts. 3].Recording the identified and measured transactions in the journal. Journal is a book of primary recording, mainly concerned with writing the transactions for the first time in the books. 4].Posting the information into ledger accounts which is considered as a book of secondary entries. 5].Summarising the information by making trial balance and preparing the income(profit and loss acc...

CHAPTER I: PRELIMINARY  1. Short title, extent, commencement and applications (1) This Act may be called the Consumer Protection Act, 1986. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different States and for different provisions of this Act. (4) Save as otherwise expressly provided by the Central Government by notifications, this Act shall apply to all goods and services. 2. Definitions (1) In this Act, unless the context otherwise requires,- 1[(a) appropriate laboratory means a laboratory or organisation- (i) recognised by the Central Government; (ii) recognised by a State Government, subject to such guidelines as may be prescribed by the Central Government in this behalf; or (iii) any such laboratory or organisation established by or under any law for the time-being in force, ...