Start-up LLP and Small LLP under the LLP (Amendment) Act, 2021 Introduction The Limited Liability Partnership (Amendment) Act, 2021 introduced two new categories of LLPs—Small LLP and Start-up LLP—to promote…
ParticularsDetailsName of the ActLimited Liability Partnership Act, 2008Long TitleAn Act to make provisions for the formation and regulation of Limited Liability Partnerships and for matters connected with or incidental thereto.Act…
Section 2(1): Definitions (a) Appellate Tribunal Meaning: The Debts Recovery Appellate Tribunal (DRAT) hears appeals against the orders of the Debts Recovery Tribunal (DRT). Key Point: Higher authority than DRT.…
The SARFAESI Act, 2002 has been interpreted and strengthened through several landmark judgments of the Supreme Court of India. These decisions have clarified the powers of secured creditors, the rights…
ParticularDetails Name of the ActSecuritisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI Act) Act NumberAct No. 54 of 2002 Territorial ExtentWhole of India Enacted…
Department of Revenue, Ministry of Finance, Government of India What is the Directorate of Enforcement (ED)? The Directorate of Enforcement (ED) is a multi-disciplinary financial investigation agency of the Government…
(UPSC | Judiciary | Law Exams | Central Vigilance Commission (CVC) Introduction The Central Vigilance Commission (CVC) is the highest vigilance and anti-corruption body of the Government of India. It…
Introduction to the Prevention of Corruption Act, 1988 (POCA) – Simple Notes Introduction Corruption has been a long-standing problem in India. It occurs when people misuse their official position or…
Section 3 – Establishment, Composition and Eligibility of the Lokpal (Lokpal and Lokayuktas Act, 2013) Section 3 – Establishment of Lokpal Statutory Provision Section 3 of the Lokpal and Lokayuktas…
What is Lokpal and Lokayukta? The Lokpal and Lokayukta are independent statutory anti-corruption institutions established under the Lokpal and Lokayuktas Act, 2013 to investigate allegations of corruption against public officials.…
