The document summarizes the three-tier consumer grievance redressal machinery and forums in India. It discusses the District Forum, State Commission, and National Commission that form the three levels for consumers to file complaints. It provides details on the pecuniary jurisdiction, composition, and terms for each level. The document also outlines the process for filing complaints and appeals at each level, including the information required, limitation periods, fees, and time schedules for disposal.
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
Companies Act - Companies Act, 1956 - Features - Types of Companies Act under the Act - Introduction of Companies act 2013 - Structural Comparison - Objectives of the Act - Meaning and Features of the Company - Monitoring and Regulatory Authorities - SFIO - NCLT - Challenges of Companies act 2013 - Provisions of Company Act 2013 -
All agreement are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared to be void.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
A PRESENTATION ON COMPETITION ACT, 2002 WITH RECENT AMENDEMENTS. PRESENTED BY MADHUSUDAN NARAYA, STUDENT OF MBA AT NATIONAL INSTITUTE OF TECHNOLOGY, DUGAPUR, WEST BENGAL.
THIS TOPIC IS NECESSARY FOR MARKETING PEOPLE AND THE SLIDE CONTAINS THE CASES ALSO !!
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
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Allotment of Shares
Members
Meetings
Winding up
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
All agreement are contracts if they are made by the free consent of the parties competent to contract, for a lawful consideration and with a lawful object and are not expressly declared to be void.
Sales of goods act 1930 -- An Act to define and amend the law relating to the sale of goods.
WHEREAS it is expedient to define and amend the law relating to the sale of goods
A PRESENTATION ON COMPETITION ACT, 2002 WITH RECENT AMENDEMENTS. PRESENTED BY MADHUSUDAN NARAYA, STUDENT OF MBA AT NATIONAL INSTITUTE OF TECHNOLOGY, DUGAPUR, WEST BENGAL.
THIS TOPIC IS NECESSARY FOR MARKETING PEOPLE AND THE SLIDE CONTAINS THE CASES ALSO !!
Introduction
Definition of company
Characteristics of company
Types of company
Formation of company
Memorandum of association
Article of association
Prospectus
Public deposits
Share & Share capital
Allotment of Shares
Members
Meetings
Winding up
MEANING AND DEFINITION OF COMPANY, IT'S CHARACTERISTICS AND TYPES OF COMPANYKhushiGoyal20
This slide share is of subject company law . In this you will learn about meaning and definition of company , types / kinds of company (private , public , holding , subsidiary , limited liability and unlimited liability company etc.) , and its characteristics.
Thanks to a partnership with Jumpshot, Moz is presenting data about Google's search growth, click distribution, and more via a panel of millions of US web users.
By spelling out the rights and remedies of the consumers in a market so far dominated by organized manufacturers and traders of goods and providers of various types of services, the Act makes buyer beware a thing of the past.
The Consumer Protection Bill, 1986 seeks to provide for better protection of the interests of consumers and for the purpose, to make provision for the establishment of Consumer councils and other authorities for the settlement of consumer disputes and for matter connected therewith. (f) right to consumer education.
An Act to provide for better protection of the interests of consumers and for that purpose to make provision for the establishment of consumer councils and other authorities for the settlement of consumers' disputes and for matters connected therewith.
Akosha.com is online consumer forum which help consumers to resolve their complaints.
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Winding up, also known as liquidation, refers to the legal and financial process of dissolving a company. It involves ceasing operations, selling assets, settling debts, and ultimately removing the company from the official business registry.
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Insolvency: This is the most common reason, where the company cannot pay its debts. Creditors may initiate a compulsory winding up to recover their dues.
Voluntary Closure: The owners may decide to close the company due to reasons like reaching business goals, facing losses, or merging with another company.
Deadlock: If shareholders or directors cannot agree on how to run the company, a court may order a winding up.
Types of Winding Up:
Voluntary Winding Up: This is initiated by the company's shareholders through a resolution passed by a majority vote. There are two main types:
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Appointment of Liquidator: A qualified professional is appointed to oversee the winding-up process. They are responsible for selling assets, paying off debts, and distributing any remaining funds.
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Notification of Creditors: Creditors are informed about the winding up and invited to submit their claims.
Sale of Assets: The company's assets are sold to generate cash to pay off creditors.
Payment of Debts: Creditors are paid according to a set order of priority, with secured creditors receiving payment before unsecured creditors.
Distribution to Shareholders: If there are any remaining funds after all debts are settled, they are distributed to shareholders according to their ownership stake.
Dissolution: Once all claims are settled and distributions made, the company is officially dissolved and removed from the business register.
Impact of Winding Up:
Employees: Employees will likely lose their jobs during the winding-up process.
Creditors: Creditors may not recover their debts in full, especially if the company is insolvent.
Shareholders: Shareholders may not receive any payout if the company's debts exceed its assets.
Winding up is a complex legal and financial process that can have significant consequences for all parties involved. It's important to seek professional legal and financial advice when considering winding up a company.
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All eyes on Rafah: But why?. The Rafah border crossing, a crucial point between Egypt and the Gaza Strip, often finds itself at the center of global attention. As we explore the significance of Rafah, we’ll uncover why all eyes are on Rafah and the complexities surrounding this pivotal region.
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A "File Trademark" is a legal term referring to the registration of a unique symbol, logo, or name used to identify and distinguish products or services. This process provides legal protection, granting exclusive rights to the trademark owner, and helps prevent unauthorized use by competitors.
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Introducing New Government Regulation on Toll Road.pdfAHRP Law Firm
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In 2020, the Ministry of Home Affairs established a committee led by Prof. (Dr.) Ranbir Singh, former Vice Chancellor of National Law University (NLU), Delhi. This committee was tasked with reviewing the three codes of criminal law. The primary objective of the committee was to propose comprehensive reforms to the country’s criminal laws in a manner that is both principled and effective.
The committee’s focus was on ensuring the safety and security of individuals, communities, and the nation as a whole. Throughout its deliberations, the committee aimed to uphold constitutional values such as justice, dignity, and the intrinsic value of each individual. Their goal was to recommend amendments to the criminal laws that align with these values and priorities.
Subsequently, in February, the committee successfully submitted its recommendations regarding amendments to the criminal law. These recommendations are intended to serve as a foundation for enhancing the current legal framework, promoting safety and security, and upholding the constitutional principles of justice, dignity, and the inherent worth of every individual.
Responsibilities of the office bearers while registering multi-state cooperat...Finlaw Consultancy Pvt Ltd
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The process of register multi-state cooperative society in India is governed by the Multi-State Co-operative Societies Act, 2002. This process requires the office bearers to undertake several crucial responsibilities to ensure compliance with legal and regulatory frameworks. The key office bearers typically include the President, Secretary, and Treasurer, along with other elected members of the managing committee. Their responsibilities encompass administrative, legal, and financial duties essential for the successful registration and operation of the society.
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These slides helps the student of international law to understand what is the nature of international law? and how international law was originated and developed?.
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NATURE, ORIGIN AND DEVELOPMENT OF INTERNATIONAL LAW.pptx
Types Of Consumer Redressal Machinaries And Forums
1. TYPES OF CONSUMER REDRESSAL
MACHINERIES AND FORUMS
Submitted To :
Ms. Mamta Sharma
AMITY SCHOOL OF INSURANCE, BANKING
AND ACTUARIAL SCIENCES
Submitted To :
Apurva Jha (I&B)
Sujit Kumar Bhowmick (I&B)
Rahul Gupta (I&FP)
Rishebh Clement (I&FP)
2. Meaning of Consumer
An individual who buys products
or services for personal use and not for
manufacture or resale. A consumer is
someone who
can make the decision whether or not to
purchase an item at the store, and
someone who can be influenced
by marketing and advertisements. Any
time someone goes to a store
and purchases a toy, shirt, beverage, or
anything else, they are making
that decision as a consumer.
3. Consumer Redressal Machineries
and Forums
For enforcement of the rights of the consumers, the
Act has created special consumer Courts. As Act
provides for a three-tier consumer grievance redressal
machinery with the District Forums at the base, the
Slate Commission at the middle level and the National
Commission at the apex level. The State and national
level bodies also function as appellate authorities.
Any verdict given by the National Commission can be
challenged in the Supreme Court.
6. DISTRICT CONSUMER REDRESSAL
FORUM
• Pecuniary Jurisdiction: Value of goods or services and compensation, if
any, claimed < Rs 20 lakhs [Section 11].
• Composition: Its President shall be a person who is, has been, or is
qualified to be a District Judge appointed by State Government. Two
other members, one of whom shall be a woman, who shall be not less
than thirty-five years of age, possess a bachelor’s degree from a
recognized university and shall be persons of ability, integrity and
standing, and have adequate knowledge and experience of at least ten
years in dealing with problems relating to economic, law, commerce,
accountancy, industry, public affairs or administration [Section 10].
• Term of office: For 5 years or up to age of 65 years whichever is earlier. A
member shall be eligible or reappointment for another terms of five
years within the specified age limit [Section 10(2)].
7. STATE CONSUMER REDRESSAL
COMMISSION
• Pecuniary Jurisdiction: Value of goods or services and the compensation, if any,
claimed > Rs 20 lakhs but < Rs 1 crore [Section 17].
• Composition: Its President shall be a person who is or has been a Judge of High
Court appointed by the State Government. Two other members, one of whom
shall be a woman, who shall be not less than thirty-five years of age, possess a
bachelor’s degree from a recognized university and shall be persons of ability,
integrity and standing, and have adequate knowledge and experience of at least
ten years in dealing with problems relating to economic, law, commerce,
accountancy, industry, public affairs or administration [Section 16].
• Term of office: For 5 years or up to age of 67 years whichever is earlier. A
member shall be eligible or reappointment for another terms of five years
within the specified age limit [Section 16(3)].
• Circuit Benches: The State Commission shall ordinarily function in the State
Capital but may perform its functions at such other place as the State
Government may in consultation with the State Commission notify from time to
time [Section 17B)].
8. NATIONAL CONSUMER REDRESSAL
COMMISSION
Pecuniary Jurisdiction: Value of goods or services and the
compensation, if any, claimed > Rs 1 crore [Section 21].
Composition: (a) Its President shall be a person who is or has been
a Judge of Supreme Court appointed by the Central Government.
(b) Not less than 4 and not more than such number of members and
at least one them shall be a woman, who shall have qualifications,
namely:
i. be not less than 35 years of age,
ii. possess a bachelor’s degree from a recognized university and
iii. be persons of ability, integrity and standing, and have adequate
knowledge and experience of at least ten years in dealing with
problems relating to economic, law, commerce, accountancy,
industry, public affairs or administration [Section 20].
9. CONTINUED…
Term of office: Every member shall hold office for a term of 5
years or up to age of 70 years whichever is earlier. A member
shall be eligible for reappointment for another terms of five
years within the specified age limit [Section 20(3)].
Circuit Benches: The National Commission shall ordinarily
function at New Delhi but may perform its functions at such
other place as the Central Government may in consultation
with the National Commission notify from time to time
[Section 22C].
10. PROCEDURE FOR FILING THE APPEALS
• Appeal against order passed by the
• District Forum State Commission
• State Commission National Commission
• National Commission Supreme Court
• Within a period of 30 days from the date of an order. An appeal
may be entertained after expiry of period provide
Forum/Commission concerned is satisfied with cause of delay.
• Procedure for filing an appeal is the same as that of complaint,
except that the application should be accompanied by the orders
of the District Forum or the State Commission or the National
Commission, as the case may be. The reasons for filing the appeal
should be clearly specified.
11. FEE FOR FILING AN APPEAL
• An appeal before State Commission 50 % of the amount to be paid to the
complainant in accordance with order of a District Forum or Rs 25,000.00,
whichever is less [Provision to Section 15].
• An appeal before National Commission 50 % of the amount to be paid to
the complainant in accordance with order of a State Commission or Rs
35,000.00, whichever is less [Provision to Section 19]. The amount shall be
remitted in the form of Demand Draft drawn on a national bank in favour of
the Registrar, National Commission payable at Delhi [Rule 14-A].
• An appeal before the Supreme Court can only be filed after the appellant has
deposited fifty per cent of the amount that he is required to pay to the
complainant in accordance with order of a District Forum or Rs 50,000.00,
whichever is less [Provision to Section 23]. The amount shall be remitted in the
form of Demand Draft drawn on a national bank in favour of the Registrar,
Supreme Court payable at Delhi [Rule 16].
12. HEARING OF APPEAL
• An appeal filed before the State Commission or the National Commission
shall be heard as expeditiously as possible and an endeavor shall be made to
finally dispose of the appeal within a period of 90 days from the date of its
admission .
• Provided that no adjournment shall be ordinarily granted by the State
Commission or the National Commission, as the case may be, unless
sufficient cause is shown and the reasons for grant of adjournment have
been recorded in writing by such Commission.
• Provided Further that the State Commission or the National Commission, as
the case may be, shall make such orders as to the costs occasioned by the
adjournment as maybe provided in the regulations made under this Act.
• Provided Also that in the event of an appeal being disposed of after the
period so specified, the State Commission or, the National Commission, as
the case may be, shall record in writing the reasons for the same at the time
of disposing of the said appeal.
13. TIME SCHEDULE FOR DISPOSAL OF
COMPLAINTS/APPEALS
• Every complaint decided within 3 months from
the date of receipt of notice by opposite party, where
there is no requirement for testing of sample etc. In
the event of such a requirement, the prescribed time
is 5 months.
• Appeals disposed of within a period of 90 days.
• The Forum shall make such orders as to the cost
occasioned by the adjournment
• If a complaint/appeal is disposed of after the
specified period, then the Forum/Commission shall
record in writing reasons for the delay.
14. WHO CAN FILE A COMPLAINT ?
A complaint in relation to any goods or services may be
filled by-
– A consumer or
– Any voluntary consumer association registered under the
Companies Act, 1956 (1of 1956)or under any other law for
the time being in force or
– The Central Government or any State Government; or
– One or more consumers, where there are numerous
consumers having the same interest or
– In case of death of a consumer, his legal heir or
representative.
NOTE :- A power of attorney holder cannot file a complaint
under the Act.
15. Information Required for a
Complaint
– Name and full address of complainant
– Name and full address of opposite
party
– Description of goods and services
– Quality and quantity
– Price
– Date & proof of purchase
– Nature of deception
– Type of redressal requested
16. LIMITATION PERIOD FOR FILING A
COMPLAINT
• District Forum or State Commission or the National
Commission within 2 years from the date on which the cause
of action has arisen. The Forum/Commission concerned can
overlook the delay for recorded reasons [Section 24A].
• Appeals are require to be filed within 30 days from the date
of receipt of the court's order.
• It may be noted that these time frames are not absolute
limitations. If the Consumer Forum is satisfied that there
was sufficient cause for not filing the complaint within the
prescribed period, it can entertain a complaint beyond
limitation time. However the Forum must record the reasons
for condensation of delay.