Consentia on Law - VOl - II

VARIATION OF LAND REVENUE ACCORDING TO THE PURPOSE FOR WHICH THE LAND IS ISSUED

Introduction

General interpretation

  1. The section says that the assessment of land revenue of any land shall be made with reference to the use to which such is put. It has therefore divided the use of land in five kinds as under: (1) Agricultural; (2) Dwelling houses; (3) Industrial or commercial; (4) Mining under a mining lease; (5) Anything other than the above.
  2. The purpose of ‘mining under a mining lease’ has been added for the first time in 1987.

Continue reading “VARIATION OF LAND REVENUE ACCORDING TO THE PURPOSE FOR WHICH THE LAND IS ISSUED”

Consentia on Law - VOl - II

THE IMPACT OF VEDIC LITERATURE ON THE LAW

INTRODUCTION
The Vedas are the ancient scriptures or revelation (Shruti) of the Hindu teachings. They manifest the Divine Word in human speech. They reflect into human language the language of the Gods, the Divine powers that have created us and which rule over us. The term Veda comes from the root ‘Vid‘, to know. The word Veda means knowledge. When it is applied to scripture, it signifies a book of knowledge. There are four Vedas, each consisting of four parts. The primary portion is the mantra or hymn section (samhita). To this are appended ritualistic teachings (brahmana) and theological sections (aranyaka). Finally philosophical sections (upanishads) are included. The hymn sections are the oldest. The others were added at a later date and each explains some aspect of the hymns or follows one line of interpreting them.
The Rig Veda is the oldest of the Vedas. All the other Vedas are based upon it and consist to a large degree of various hymns from it. It consists of a thousand such hymns of different seers, each hymn averaging around ten verses. The Rig Veda is the oldest book in Sanskrit or any Indo-European language. Its date is debatable. Many great Yogis and scholars, who have understood the astronomical references in the hymns, date the Rig Veda as before 4000 B.C., perhaps as early as 12,000. Modern western scholars tend to date it around 1500 B.C., though recent archeological finds in India (like Dwaraka) now appear to require a much earlier date. While the term Vedic is often given to any layer of the Vedic teachings including the Bhagavad-Gita, technically it applies primarily to the Rig Veda.
The Rig Veda is the book of Mantra. It contains the oldest form of all the Sanskrit mantras. It is built around a science of sound which comprehends the meaning and power of each letter. Most aspects of Vedic science like the practice of yoga, meditation, mantra and Ayurveda can be found in the Rig Veda and still use many terms that come from it. While originally several different versions or rescensions of the Rig Veda were said to exist, only one remains. Its form has been structured in several different ways to guarantee its authenticity and proper preservation through time.

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Consentia on Law - VOl - II

LEGAL STATUS OF FOETUS AND INTERNATIONAL LEGAL FRAMEWORK

INTRODUCTION

Human rights and “being human” are inextricably connected to each other.[1] It is critical for the understanding of international and human rights law to see how it can protect the individual especially, in the context of morality and whether it includes unborn also.[2] The question of the legal status and protection of the unborn in international law is therefore implicated in the answering the dilemma as to whether the foetus can be considered a person or whether it will not be considered as one. Continue reading “LEGAL STATUS OF FOETUS AND INTERNATIONAL LEGAL FRAMEWORK”

Consentia on Law - VOl - II

Drain of Wealth from India during the British Rule

Introduction

It is a well-known fact that the British ruled India for well over 300 years. During their long and illustrious rule over the vast territories of India, they gained a lot and they gave a lot too. Continue reading “Drain of Wealth from India during the British Rule”

Consentia on Law - VOl - II

JJ IRANI COMMITTEE: A COMMENT

INTRODUCTION

Corporate Governance, has assumed remarkable importance for all the corporate players in India as well as abroad. The Organization for Economic Co-operation and Development (OECD) has issued a revised set of Corporate Governance Principles which are adaptable to varying social, legal and economic frameworks in different countries and are considered as widely acceptable global benchmarks of Corporate Governance. Companies all over the world have realized that a vigorous quest of good governance is crucial for enduring success.[1] Continue reading “JJ IRANI COMMITTEE: A COMMENT”

Consentia on Law - VOl - II

Governor of the states: A mere Public Figure

INDIAN FEDERALISM

The history of the Indian federalism can be traced back to the provisions enshrined in the Government of India Act, 1935. The Indian constitution fulfils the requirement of a federal system by prescribing the presence of two levels of governance simultaneously operating at (i) national, central and federal government; Continue reading “Governor of the states: A mere Public Figure”

Consentia on Law - VOl - II

Corporate Rights against Personal Rights of Members: A Legal View

INTRODUCTION

Sec. 41 of the Companies Act, 1956 and now Section 2(55) of Companies Act, 2013 defines members as any person who is the subscribers of the memorandum of a company or every other person who agrees in writing to become a member of a company and whose name is entered in its register of members. Continue reading “Corporate Rights against Personal Rights of Members: A Legal View”

Consentia on Law - VOl - II

FOREIGN TRADE AND BALANCE OF PAYMENT

INTRODUCTION

Balance of Payment of a country is one of the important indicators for International trade, which significantly affect the economic policies of a government. As every country strives to a have a favourable balance of payments, the trends in, and the position of, the balance of payments will significantly influence the nature and types of regulation of export and import business in particular. Continue reading “FOREIGN TRADE AND BALANCE OF PAYMENT”

Consentia on Law - VOl - II

Aviation Insurance: Issues and Challenges

Introduction:

Aviation insurance is insurance coverage geared specifically to the operation of aircraft and the risks involved in aviation. Aviation insurance policies are distinctly different from those for other areas of transportation and tend to incorporate aviation terminology, as well as terminology, limits and clauses specific to aviation insurance.[1] Continue reading “Aviation Insurance: Issues and Challenges”

Consentia on Law - VOl - II

CORPORATE SOCIAL RESPONSIBILITY : MINING INDUSTRY AND SUSTAINABLE DEVELOPMENT

INTRODUCTION

According to Friedman the one and only responsibility of the business is to maximise profit.[1] There has been a transgression from the past where the economic criteria cannot solely justify the working and existence of the business organisations.[2] Various other factors have gained importance. If a company wants to survive in the long run it must contribute or sacrifice a portion of the profits to the other stakeholders than the owner. Continue reading “CORPORATE SOCIAL RESPONSIBILITY : MINING INDUSTRY AND SUSTAINABLE DEVELOPMENT”