India : Legal Status of Bit coin

Lawyered Legal Blogs 

Nowadays cryptocurrencies getting so much popularity all around the world. Here something very different in cryptocurrency that it is free from the control of the government. Here are some of the popular cryptocurrencies are.

1.  Bitcoin
2.  Bitcoin cash
3. Z cash
4. Dash
5. Lite coin

These are the cryptocurrencies which are flowing all around the world nowadays. Cryptocurrencies are somehow the electronic cash system and have no central entity. The term crypto means secret so that these are secured by strong cryptography read more 

What Is MRP And How Does It Work?

Lawyered Legal Blogs 

Maximum retail price is the highest price labeled on the product which can be charged by the seller of that product. In India all the products have the MRP stated on them which enables the customer to know the highest price that can be charged from them. It is compulsory for all the sellers to mark the MRP. The concept of MRP was introduced in India in 1990 after the amendment of Standards of Weights and Measures Act, 1997. Before the introduction of the MRP amendment, the retailer was allowed to either mark the local price on the product or MRP. This made the retailer charge more than the expected and real price from the consumers. After looking into the increased corruption at the price the amendment was introduced to ensure that the consumers are further not cheated.

The MRP is now governed by the Legal Metrology Rules (Pre Packed Commodities) PCR, 2011. These rules states-

• ‘All packed commodities shall be affixed with a label that is legible and prominent, and such label shall contain declaration including the MRP’
• Also, no exceptions are given for the retailers who tend to sell the only a single brand of any commodity.
• After the amendments made in the Pre Packed Commodities rules,2011 the goods that are shown by the seller on the electronic networks used for that transaction related to the e-commerce  will have to compulsorily mention the name and address of the manufacturer, packer and importer, name of the commodity, net content, maximum retail price, consumer care numbers, etc.
• The medical devices which are listed under the drugs like a valve, syringes, etc should compulsorily state the MRP and also provide the declaration that had been made compulsory under the PCR.
• Also, it is prohibited to state two MRP on the same product. This has been brought to ensure that the consumers do not get confused in paying the price at places where the items are expected to be charged higher like airports, a movie hall.
• It has been made compulsory for the manufactures involved in Read More 

Latest Amendments-Companies Act

The amendments in the companies Act occur very frequently. The majority of amendments have come after the year 2017. To know about the latest amendments, we have to refer the Companies (Amendment) Ordinance 2019. However, it is an ordinance, i.e., it could not be passed through either of the houses to become an Act, but the same is part of the Act.

It was the 2018 bill which could not be passed in time, though it passed through Lok Sabha in Rajya Sabha it was pending because of which the ordnance (Amendment) Act 2018 came into force. The ordinance Act has the validity of 2 months only. So the Ordinance Act became the Companies (Amendment) bill 2019 since this second Ordinance bill also couldn’t go through it; thus, it will also lapse within two months. But per se whatever is stated in the ordinances is all part of the Act.

The significant changes brought by the Amendment Act 2017, which became effective from June 2018 were the penalty. The word penalty was inserted wherever the term fine was used. The reasoning behind this Read More 

Shah Bano Case And Its Impact On Muslim Divorce Laws

Women have been subjected to several atrocities in the purview of the regulations and standards of the patriarchal society since ages. Wives in every household were given the role of a being a good home keeper, a good wife and a good mother who has to stick to the "morales" of the society, while, at the same time men had lives that were less restrictive and less controlled than those of women. The Mohammedan law has been in existence since the early, but the Muslim Community has its norms to follow regarding every social activity. One of such norms is the Triple Talaq system.

Triple talaq is a hundred of years-old practice among Sunni Muslims. It is "manifestly arbitrary and allows a man to break down a marriage * and capriciously." Any Muslim man under this system can legally divorce his wife by stating the word "talaq" 3 times either in oral, written, or electronic form. Today the law has been lifted, and many are celebrating the landmark Triple Talaq judgment. One huge milestone in this achievement is the Read More 

How To Register A Copyright?

Copyright is a form of intellectual property which provide protection to the author of their authentic works, this cannot be used by anyone only the owner of copyright has right to exercise this right or any other person who is duly licensed by the owner. This right comprise the right of modification, right of publication, right to make rendition, communication to general public etc. 

Sec- 13 of the copyright act 1957 provide protection on literary works, dramatic works, musical works, artistic works cinematograph films and sound recording. Sec 14 provide bunch of rights to the creator of the copyright. sec- 17 says that the creator is the first owner of the copyright but there is an exception to this rule is that the  employee who produce the work under the course of employment in that scenario the employer automatically becomes the owner of the copyright.  

It provide protection to the original work which shouldn’t be copied by from any other source , copyright registration is a 

India : Sports Corruption

The significance of sports is much more than being a pastime and recreational activity. They have been transformed into an organized activity coupled with enormous professionalism and affecting almost every area of public life, may it be social, political or economic. Although the pace of this transformation was slow during the 19th and most part of the 20th century, it has boosted enormously in the past few decades owing to globalization of technology and commerce and due to increased commercialization of sports, currently the economic dimension of sports has assumed utmost significant Statistically, organized sports are a multibillion-dollar industry with a global worth ranging between 350 billion and 450 billi ($480-$620 billion).5 A 2006 report estimated that macroen nomic impact of sports in the European Union (EU) accounted from 3.7 percent of EU GDP, providing employment to 5.4 per cent of the entire labour force. Such all-round significance of sports in public life necessitates law to play a major role in order to regulate it in a better manner.

Another reason why the role of law becomes excessively important is that regulation of sports has largely been internal, that is, done through newly emerging sports governing bodies, at both international and national levels. These bodies, which generally possess institutional and legal structures and interests of private associations, not only enjoy a great level of autonomy with respect to deciding the rules of the particular sports they govern but are also engaged in licensing of playing facilities, employment relationships, commercial transactions, regulation of corruption and cheating, and many more important functions. Several of these functions are those that are generally performed by the State or its agents, and are crucial from the view of the Read More