RULES OF LAW

The Indian judicial system, long heralded as a pillar of justice and democracy, now finds itself facing critical challenges that threaten its very core. An observation by a criminal court in India recently highlighted one of these pressing concerns. The statement reads, "Passover is not possible due to heavy workload. This court is handling work of two police stations and one traffic circle with total pendency of almost 8000 matters, and the shortest possible dates are given accordingly." This stark revelation paints a troubling picture of an overburdened system that is struggling to maintain its efficiency. The Unbearable Workload The court’s statement underscores a crisis that has been brewing for years. Courts across the country are inundated with cases—civil, criminal, and administrative—leading to an ever-growing backlog. As this specific instance shows, a single court handling the workload of two police stations and a traffic circle with a pending caseload of 8000 m...

  Section 186 Loan and Investment by Company: A Comprehensive Guide to Compliances Companies frequently engage in loan transactions and investments to finance their operations and grow their business. However, these transactions need to comply with legal requirements to prevent fraud and protect stakeholders' interests. The Companies Act, 2013, provides regulations for loans and investments made by companies, including the maximum limit, conditions for exemptions, and compliances to be followed. In this article, we will discuss Section 186 of the Companies Act, 2013, and the checklist for its compliances. Section 186 of the Companies Act, 2013, restricts companies from directly or indirectly giving loans, guarantees, or securities to any person or body corporate exceeding 60% of its paid-up share capital, free reserves, and securities premium account, or 100% of its free reserves and securities premium account, whichever is more. The word "person" above does not include a...