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LAWS FOR THE PROTECTION OF SENIOR CITIZENS
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“An elderly person at home is a living golden treasure.” 1. Having elders & senior citizens at home not only gives advantage of their experience for better management of situations & problems; but also love, care & affectionate treatment that enhances bonding and consequently quality of life. It is therefore that being aware of this …
Conveyancing
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Conveyancing in India to a larger extent is influenced till date by prolix verbiage and expressions, of the British, unknown and alien to India. Nevertheless, since in recent times, Conveyancing has gained much importance all over, it is important for us to understand the general requisites of Conveyance or Deed in order to study it …
5 Precautions to avoid bad debts
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Know your debtor/customer/ client thoroughly Always insist on a written & preferably registered legal document setting out the transaction entirely, whether loan or credit Decide a convenient payment plan, with instalment amount, period, suiting the customer/ client/ debtor as we as yourself with grace period for repayment and determine the penalty or interest to be …
5 Things to be covered while documenting a credit transaction to make Recovery of Debts easier
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Names of Parties Nature of Transaction Amount of Consideration due by Debtor / Purchaser / Borrower Period to be stipulated for repayment with some grace period fixed Interest to be accrued on delayed payment
4 Major Mistakes by Businessmen, causing huge monetary losses
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Negligence: They do business without documenting transactions & are therefore left with no evidence when required to prove themselves. E.g. Many cannot prove that they had lent an amount to the other because the transaction is not documented, creating complication. Think they do not have legal problems & all is well: More than 70 % …
Conviction on Sole Testimony
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Conviction on sole testimony of Prosecutrix is proper despite absence of injuries and needs no corroboration even by medical. ASLAM V STATE OF UP (2014) 13 SCC 350
Importance of Will
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Why should I make will? Death being certain & it’s time uncertain, it is very essential that the hard-earned assets one earns are secured. As per law, disposition of estate of a person on his death takes place as per Hindu Succession Act which consumes time. Besides it is uncertain as to how disposition takes …
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