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Showing posts from May, 2020

Law relating to WILLS in India

There is a saying “Where there is a Will, there is a way”. However, in absence of a properly-executed Will, the ways ahead may be too complicated to handle. Bigwig families in India like Ambanis, Birlas, and Ranbaxy brothers will not disagree that the road to succession is generally paved with ill Will chronicles. Will planning as part of financial management, has not assumed that much relevance in India what it should actually have. By making a Will one can assuredly rest that his properties devolve as desired and the rightful heirs receive their share. According to the Indian Succession Act 1925, a Will is a legal declaration of the intention of the testator, with respect to his property which he/she desires to be put into effect after his/her death. Post death of a person, two scenarios arise in respect of his property; (a) as per his Will i.e. testamentary, or (b) according to the prevalent law of succession, when no Will is made. In the event of an individual dying intestate ...

Law on firearms in India; A study of Arms Act, 1959.

After the illustrious revolt of 1857, the British rule in India came under fear that similar insurgence in future would eventually lead to the end of colonial era from India. Illegal and unauthorized weapons like guns, rifles etc., had been brought into play in the revolt thereby compelling the British to bring into force the Arms Act of 1878. This new law ensured that no Indian would be allowed to possess any weapon unless the government was convinced of his/her loyalty to the Crown. This law was revoked after 12 years of independence in 1959. Presently, the law on firearms in India is governed by the Indian Arms Act, 1959 (as amended upto date), which prescribes the guidelines to possess guns/rifles etc. The purpose behind this enactment was to curb the threat of illegal possession of weapons which could possibly create threat of violence. Further, Arms Rules, 1962, were laid down under which the manufacturing, selling, possessing, import-export and acquisition, alongwith t...