Human Signature

The new versions of the three labour code bills are being implemented to merge 25 central labour laws into three broader legislations: Industrial Relations Code, 2020 – Includes 3 laws Occupational Safety, Health and Working Conditions Code, 2020 – Includes 13 laws Code on Social Security, 2020 – Includes 9 laws Why are the changes being proposed: Simplify & modernise labour regulations Facilitate employment growth while protecting worker rights Economists have long argued that India’s outdated labour laws need change. According to the World Bank, with less restrictive laws, India could approximately add on an annual basis “2.8 million more good quality formal sector jobs”  

What is Insolvency and Bankruptcy? Are they different? Insolvency is when an individual or a firm is unable to meet their financial obligations. This is the financial state of the company. Bankruptcy is the legal process that serves the purpose of resolving the issue of insolvency. This is the legal state of the company What is the need for the Act in India? Under the existing archaic-old laws, banks have had a hard time recovering bad debt, with the case of Kingfisher tycoon Vijay Mallya, who owes banks more than US$1.3 billion bringing the issue into focus. In fact, there was no single law dealing with insolvency and bankruptcy in India which leads to overlapping judgements and process becomes extremely cumbersome. Provisions of insolvency and bankruptcy related can found under various Acts: o   The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 o    Presidency Towns Insolvency Act, 1909 o...

According to World Intellectual Property Organization (WIPO) intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce. IP is an intangible asset to a company. It gives business partners and financial institutions the confidence to invest in or collaborate with the organisation. Non-lawyers often think that a same law applies/governs to patent, trademark, copyright etc. Well the truth is although all fall under a common umbrella called IP however these laws originated separately, evolved differently and covers different aspects. In Richard M. Stallman's article "Did You Say “Intellectual Property? It's a Seductive Mirage" he mentions that for instance, Copyright law was designed to promote authorship and art, and covers the details of expression of a work. Patent law was intended to promote the publication of useful ideas, at the price of giving t...