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Showing posts from February, 2023

The SARFAESI Act 2002 At a Glance

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  Connect with Advocate Vivekanand - LinkedIN , Facebook , Instagram , Whatsapp - 09958173388 Introduction: The Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, commonly known as the SARFAESI Act, is a powerful legal instrument that has revolutionized the process of recovery of non-performing assets in India. The Act empowers secured creditors to enforce their security interests without the intervention of the court and provides them with various procedures and remedies for the efficient recovery of defaulted loans. With its unique features such as financial asset securitization, reconstruction of assets, and enforcement of security interests, the SARFAESI Act has become a cornerstone of India's banking and finance sector, helping to safeguard the interests of creditors and promoting financial stability. Elements of the SARFAESI Act: The SARFAESI Act provides for the establishment of special purpose vehicles - a securitisation c...

THE POCSO ACT 2012 AT A GLANCE

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INTRODUCTION The issue of child sexual abuse is a serious concern in many countries around the world. To combat this problem, various laws and treaties have been put in place to protect children from sexual offenses. In India, the Protection of Children from Sexual Offences (POCSO) Act, 2012, is the primary legal framework for addressing this issue. It defines various sexual offenses against children, and provides penalties for those who violate the law. The Criminal Law (Amendment) Act, 2018, is another important legal tool that provides for the death penalty for the rape of a girl under the age of 12 years and increases the minimum punishment for rape to 20 years of imprisonment. In the United States, laws related to the protection of children from sexual abuse include the Child Abuse Prevention and Treatment Act (CAPTA) and the Child Victims Act. CAPTA provides federal funding to states for child protection and prevention programs, while the Child Victims Act allows victims of child...

Intellectual Property Rights- All You Want to Know

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  Introduction : Intellectual Property Rights (IPRs) are the legal entitlements conferred upon individuals or organizations for the protection and control of their intangible assets. IPRs are aimed at safeguarding the interests of the creators of intellectual property such as trademarks, patents, and copyrighted works. The concept of IPRs is enshrined in Article 27 of the Universal Declaration of Human Rights (UDHR) which recognizes the right of authors and creators to the protection of their moral and material interests. The primary objective of IPRs is to incentivize and remunerate innovative and creative endeavors by granting exclusive rights and privileges to their authors and inventors. Meaning : Intellectual property (IP) encompasses intangible property that arises from human intellect, encompassing works and products of the mind, such as literary and artistic works, designs, inventions, names and symbols used in commerce. The “Convention Establishing the World Intellectual P...