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  Know the real difference between Sarfaesi and DRT, and what makes them unique for financial institutions? SARFAESI Act came into the picture to empower the financial institutions, including banks and NBFC, for recovering non-performing assets. It gets performed by three alternatives: securitisation, reconstruction, and the sale of collateral without court intervention.  While talking about DRT, Indian banks and other financial institutions have been suffering to recover debts from defaulters. The procedure to recover from the debt was too cumbersome, and therefore a special tribunal DRTs (Debt Recovery Tribunals) came into existence.  Both acts are paradigm shifts allowing financial institutions to take care of non-performing assets and debts and enable the smooth flow.  However, many individuals are confused since there is a thin line of difference between Sarfaesi vs DRT.  In this article, let us know in detail what to expect from the same and how it contrib...

  The Rowlatt Act of 1919, also known as the Black Bill , was one of the most contentious legislative laws adopted by the British government in the early twentieth century to restrict the civil liberties of Indians. It reshaped the Indian national movement and elevated Mahatma Gandhi, India's most ardent liberation warrior.  The Black bill sparked riots across India and the most heinous event in Indian history: the Jallianwala Bagh Massacre. Emergence Of Black Bill The Black Act, also known as the Rowlatt Act or Rowlatt Satyagraha, was a severe statute enacted by the British government in March 1919. As it was officially known, the Anarchical and Revolutionary Crimes Act gave the British government and police unprecedented powers to apprehend anyone suspected of seditious activity.  The Black Bill was meant to replace the Defence of India Act of 1915 and passed as a last resort. A committee led by British Judge Sir Sydney Rowlatt drafted the Black Act to curb India's gro...

  The Britishers governed India for over two centuries. Strategically, they controlled and established their dominion. But, the Indian freedom fighters, every so often, opposed them by organising various satyagraha .  Sensing their loosening control and empowered freedom fighters, the British government established an act sanctioning the governmental authorities to detain the person alleged to get involved in or conspiring against the government. Hence, the Anarchical and Revolutionary Crimes Act of 1919 or the Rowlatt Act came into force.  Origin Of Rowlatt Act The victories of Satyagraha activities in Champaran, Kheda, and Ahmedabad boosted the downtrodden Indian's spirit. The British government decided to take tighter control over public activities in response to a perceived threat posed by the emergence of Satyagraha and a sense of similar conspiracies. As a result, the Rowlatt Act got proposed. The Rowlatt Act , named for its chairman Sir Sidney Rowlett, was approv...

  Ownership and possession of the property are commonly deemed the same terms, but there is a difference between possession and ownership. These terms are different and have different meanings. The term ownership gets derived from the Latin word ‘own’, which means “to have or to hold a thing. Ownership gets defined as a legal right of possession and use of a property. This legal right is enshrined with an individual, group, state, etc., and is available against a movable or immovable property. Possession is physical custody of a property with the intention of ownership. Possession is a provisional title against the owner. In reality, it is not owned; it’s just a mere occupying of that property. Definitions According to Austin, Ownership gets defined as “a right over a determinate thing, indefinite in the point of the user, unrestricted in the point of the disposition, and unlimited in point of duration.” In simple terms, In ownership,  The person has a right over a specified o...

With the growing demands in the corporate structure and overall economy development, the new legislation was passed, totally revamping the existing Company laws in the state. It has considered the revolutionary changes in the structure and functioning of the corporate bodies and gave them enough procedural competence and governance. The companies were more accountable and transparent by the introduction of the new enactment. The Companies Act 2013 passed by the Parliament received the assent of the President of India on 29th August 2013. There are more than 450 plus sections, 7 schedules and 29 chapters. The most important changes in the Companies Act 2013 may be briefly explained below: A. Introduction of One Person Company. (OPC) It is a company with only one member and one Managing Director. This concept has been accepted in Europe, USA, China, Singapore and in several countries in the Gulf region. This has been introduced in India to allow small entrepreneurs and artisans to do a...