Antitrust Laws in India: Overview of the Competition Act
Antitrust laws also called competition laws are statutes to protect consumers from predatory business practices. Such laws are expected to regulate economic activity that monopolizes competition within the market with aims to protect consumers and small enterprises and ensures the freedom of trade.
Rules and regulations for Sole Proprietorship Businesses in India
The structurization of a business entity as a “Sole Proprietorship Firm” requires less legal formalities, in comparison to other entities. However, since they are not categorized as a separate legal entity, therefore, the liability of the proprietor is unlimited in case of such business structures.
Withholding of gratuity vide an undertaking
Payment of gratuity in India is regulated by the provisions of Payment of Gratuity Act, 1972 ("Act"). The Act is applicable to all factories, mine, oilfield, plantation, port, railway companies and also to every shop and establishment within the meaning of law in which ten (10) or more persons are employed, or were employed, on any day of the preceding twelve months.
Withholding of gratuity of an employee, after superannuation from service, pending disciplinary proceedings
The gratuity of an employee, whose services have been terminated for any act, willful omission or negligence causing any damage or loss to, or destruction of, property belonging to the employer, shall be forfeited to the extent of the damage or loss so caused...
