Skip to main content


Legal Validity of NFTs in India

 Legal Validity of NFTs in India Non-fungible tokens (NFTs) are asset-backed or digital assets with unique identification codes and information stored in a blockchain ledger reflecting the ownership and legitimacy of an associated unique tangible or intangible item. NFTs are distinguished by their non-fungibility, as implied by their name, and NFTs’ legal validity in India is a thing to take into consideration. In economic terms, fungibility is the capacity of an asset to be traded for value with other individual assets of the same sort. This implies that fungible assets of the same denomination have the same worth. NFTs, on the other hand, are not interchangeable, irreplaceable, or unique by definition. Concept of NFTs The idea behind NFTs' legal validity in India is to generate scarcity and shortage in the seemingly unlimited supply of virtual commodities. As a result, NFTs promise to develop a one-of-a-kind "digital original" that can be unambiguously identified to the
Recent posts

Adoption Process of Under The Adoption Laws in India

Adoption Process of Under The Adoption Laws in India According to research conducted by the Indian Association for the Promotion of Adoption and Child Welfare, the number of single women who wish to adopt is gradually increasing in India, reinforced by the desire to have a family. The Hindu Adoptions & Maintenance Act of 1956 governs adoption in India for Buddhists, Jains, and Sikhs. Because Muslims, Parsis, Christians, and Jews do not recognise full adoption, a person of such a religion may seek guardianship of a child under Section 8 of the Guardians & Wards Act 1890. The Juvenile Justice and the CARA Guidelines & Adoption Regulations, 2017, are legislation that enhances the adoption action. The Capacity of A Male to Adopt A Child in India Any Hindu male who is not insane & is not a minor is eligible to adopt a son or daughter. However, suppose he has a live wife; in that case, he shall not adopt without her agreement unless his wife has totally and finally forsaken t

8 Things To Do Immediately If You Lost Your Phone

 8 Things To Do Immediately If You Lost Your Phone We all have lost a phone at some point, and it’s essential to not panic at the moment and take appropriate steps to keep your data secure. We have shared eight mindful tips to help you act immediately after losing your smartphone. And also, make sure that it does not happen again. What to do if you have lost your phone? 1. Try Calling Your Number Immediately when – Lost my Phone lost my phone The first thing you should do after discovering that you have lost my phone, call it from another number. Maybe you have not lost it yet; perhaps you have replaced it with someone’s phone or mistakenly left it at a store. If your phone is not on silent, you can still hear it and find it. However, if someone picks up your phone after it falls from your pocket or bag, they may answer it instantly. So if it rings and no one answers, contact the generous assistance. 2. Lock Down Your Phone Right Away It is always recommended for Android and iOS users

Bona fide Dispute

Bona fide Dispute What is bona-fide dispute? If there is a bona fide and reasonable dispute as to a substantial part of the debt on which the petition is based, and the defence is a substantial one, the Court tends to refuse winding up. However, a dispute is considered to be substantial and genuine if it is bona fide and not spurious, speculative, illusory or misconceived. When the question as to genuineness of the dispute is put before the Court, the Company Court, at that stage, is not expected to hold a full trial of the matter. A bona fide dispute must be differentiated from ‘neglect to pay’. This means, even when a debtor company believes wrongly that it justified in law to refuse payment, such a refusal cannot be regarded as neglect to pay. On the contrary, where the debt is undisputed, the court will not act upon a defence that the company has the ability to pay the debt but did not choose to pay that particular debt. Now the question which comes up is whether it is necessary to

Termination of Service, Layoffs and Retrenchments - Legal Viewpoint

 Termination of Service, Layoffs and Retrenchments - Legal Viewpoint This article contemplates and articulates the broad legalities and operational standpoint on Termination of employees from Service, Lay-off, and Retrenchment so as to allow the business management to make well-informed decisions weighing legalities against business objectives. Law provides broad-level directives and guidelines which companies shall have to oblige and comply with, without compromising the interests of the subject matter of the Act (welfare of workforce). Employment and Labour laws are a cumbersomely clumsy, yet comprehensive compendium of labour Acts applicable to deal with the law relating to employment and labour aspects. The common objective of all is to provide safeguard and protection to varied kinds of the workforce, be it an employee, workman, contract employee, etc., working in varied lines of business at different levels from daily wager to contract labour and all kinds of employees in between

The Startup India Scheme

The Startup India Scheme What is the Start-up India Scheme? The start-up culture in India is booming. The recent news of Cred and Meesho becoming unicorns has spread a sense of positivity among the early-stage founders. The government of India, too, wants to capitalize on this high sentiment. To boost the further growth of start-ups, India's government started the Startup India Initiative on January 16, 2016. The start-up India initiative has three objectives:  Create a uniform stage for the entire start-up ecosystem to come together.  Facilitate and encourage entrepreneurship Promoting entrepreneurship not only in metro cities but also in smaller regions of the country.  Through this article, we shall explore the various aspects of the Start-up India scheme. Who can Register in Start-Up India? Eligibility for registering under the Start-up India Scheme depends upon the nature of the entity.  A Private Limited Company (Pvt. Ltd. Co.), a Partnership Firm under Section 59 of the Part

MSME Registration in India

 MSME Registration in India What is MSME Registration? The Micro, Small and Medium-sized Enterprises Development Act allows MSMEs in the manufacturing and service sectors to register as MSMEs or SSIs. It is not compulsory to register as an MSME. But, you should still register as it provides several projects benefits such as tax benefits and protection against non-payment. Who is eligible for MSME Registration?  Only manufacturers, producers, and service providers must use the MSME tag and register under it. Any manufacturer or service provider who meets the eligibility requirements may use the MSMEs single window registration system to register. The revised eligibility requirements effective from July 1, 2020, are applicable for the three types of Enterprises. This includes Micro Enterprises with Investment up to Rs 1 crore and turnover up to Rs 5 crore, for Small Enterprises with Investment up to Rs 10 crore and turnover up to Rs 50 crore, for Medium Enterprises with investment up to