Author: Legal Parivar

Krystal Integrated Services Ltd, a facilities management services company, is gearing up for its initial public offering (IPO) with a price band set between Rs 680-715 per share. The IPO is scheduled to open for subscription on March 14, following the anchor bidding on March 13. The subscription window will close on March 18, with the basis of allotment set for March 19. Equity shares will be credited to dematerialized accounts on March 20, and the stock is expected to list on exchanges on March 21. The IPO comprises a fresh issue of Rs 175 crore and an offer for…

Lease is a transaction whereby one person, known as the lessor, transfers the right to enjoy an immovable property to another person, known as the lessee, either for a certain time or perpetually, in return for consideration. Essentials of a Lease Agreement: Procedure of Forming a Lease Agreement: Rights and Liabilities: Modes of Determining a Lease: Prerequisites of the Agreement: Lease and License: Stamp Duty Act 1899: In conclusion, lessor and lessee must adhere to legal requirements and terms outlined in the lease agreement, ensuring a valid and enforceable transaction.

Essentials of a Valid Gift Deed: Parties Involved: Registration of Gift Deed (Section 123): Case Law (Kalyan Sundram vs. Kumarappa): Revocation of Gift Deed: Illustrations: Onerous Gift: Applicability to Mohammedan Gifts:

Asif Ali Zardari, co-chairperson of the Pakistan Peoples Party, secured victory as Pakistan’s 14th President on Saturday, marking his second term as head of state. Zardari, aged 68, emerged as the joint candidate of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N), while his opponent, Mahmood Khan Achakzai, aged 75, represented the Sunni Ittehad Council (SIC). He garnered 255 votes, while his rival received 119 votes in the National Assembly and the Senate. The election took place as per the provisions of the Constitution, with the electoral college comprising newly elected members of the National Assembly and…

Heavy snowfall in Himachal Pradesh’s Lahaul and Spiti district has disrupted normal life, causing communication network, electricity, and water supply disruptions for several days. The snowfall began on March 2, blanketing the upper reaches of the hill station in a white sheet. According to an official from the local administration, speaking to news agency ANI via satellite phone, the recent snowfall has severely impacted the communication infrastructure in the region, with only satellite phones remaining operational. Restoration efforts for communication networks and water supply depend on the restoration of power lines. The official highlighted the blockage of infrastructure in Lahaul…

Despite high US bond yields, foreign portfolio investors (FPIs) have continued to show consistent buying activity in Indian markets, extending the modest buying trend observed in February. According to data from the National Securities Depository Ltd (NSDL), FPIs have purchased Indian equities worth ₹11,823 crore, contributing to a total inflow of ₹15,559 crore as of March 7. This figure includes investments in debt, hybrid, debt-VRR, and equities.

In a cabinet meeting chaired by Chief Minister Bhagwant Mann, the Punjab cabinet endorsed the excise policy for the fiscal year 2024-25, with a target of generating revenue exceeding Rs 10,000 crore from liquor sales. Finance Minister Harpal Singh Cheema announced the approval of the new excise policy, highlighting it as the third such policy under the AAP government. Cheema noted that this policy aims to surpass the revenue generated during the previous Congress regime, which amounted to Rs 6,151 crore from liquor sales. The new excise policy introduces changes such as allotment of liquor vends through a draw of…

Prime Minister Narendra Modi intensified his criticism against the TMC, alleging corruption and dynasty politics within opposition parties like the Trinamool Congress (TMC) and the Congress. During a large rally in Siliguri, he urged the people to defeat the Mamata Banerjee-led TMC in West Bengal, asserting that the path to ousting the corrupt government in the state would start from the upcoming Lok Sabha elections. Highlighting the struggles of mothers across the country for basic necessities, Modi emphasized the importance of initiatives like sanitation, free electricity, bank accounts, and tap water to improve their lives. He criticized the neglect of…

Chief Minister Arvind Kejriwal accused the BJP of adopting a “model of vinash” or destruction while his AAP government in Delhi pursued a model of “vikas” or development. He made these remarks during a session in the Delhi Assembly to discuss the recently tabled budget for 2024-25. Kejriwal highlighted the positive reception of the budget, claiming that many believed the AAP-Congress alliance would sweep all seven Lok Sabha seats in Delhi. He criticized the BJP for allegedly targeting opposition parties and attempting to topple his government by orchestrating his arrest. Regarding the eight summons issued to him, Kejriwal sarcastically pledged…

The Delhi government has introduced a new vehicle scrapping policy, wherein owners will have a limited three-week window to retrieve their impounded vehicles before they are sent for scrapping. The transport department of Delhi has issued guidelines outlining the process for reclaiming impounded vehicles, which involves the development of an online platform to facilitate communication between vehicle owners, enforcement agencies, and registered scrapping facilities. Under the new policy, vehicles impounded for exceeding their lifespan can apply for release within three weeks, with the enforcement agency expected to make a decision within one week. To retrieve impounded vehicles, owners of four-wheelers…