A will is a legally binding document that outlines how your assets should be distributed after your death. Given its legal implications and potential for challenges, involving an advocate in the drafting process is crucial. Potential Challenges to a Will A will can be challenged on several grounds, including: Lack of Testamentary Capacity: This occurs...
Probate is a critical legal procedure that, although not a guarantee of property title, plays a vital role in the administration of a deceased person’s estate. It is governed by specific provisions of the Indian Succession Act, 1925, and is particularly important in certain jurisdictions and situations. Below, we delve into the concept of probate,...
India’s Technology, Media, and Telecommunications (TMT) sector is undergoing a rapid transformation, driven by technological advancements and evolving regulatory frameworks. The government’s aim is to foster innovation while ensuring national security, consumer protection, and ethical use of technology. Recent Developments in India’s TMT Sector Telecommunications Act, 2023: This comprehensive legislation replaced outdated laws and expanded...
The Indian Succession Act, 1925, is a comprehensive legislation governing the succession of property in India. It consolidates and amends laws relating to intestate and testamentary succession, providing a framework for the transfer of assets upon the death of an individual. This article explores the essential elements of the Act, including the process of writing...
In this episode of Superlawyer, Ajay Sharma, in conversation with Akash Chatterjee, discussed the changing scenario in the legal world and how young lawyers can make their value proposition by adopting Legal Tech and providing productivity enhancement legal support services to Senior lawyers. Ajay shared insights upon adopting Legal Technology, the Changing concept of new-age...
In recent years, Non-Banking Financial Companies (NBFCs) have become an integral part of India’s financial landscape, complementing traditional banking institutions and providing crucial services to various sectors of the economy. However, with their growing importance comes a complex web of regulatory requirements and potential legal challenges. This blog post delves into the world of NBFCs...
The Digital Personal Data Protection (DPDP) Act, 2023, has significant implications for the privacy policies and cookie policies of websites operating in India. This blog will delve into the key changes and challenges brought about by the DPDP Act and how they affect the privacy and cookie policies of websites. Key Aspects of the DPDP...
The legal industry in India is at the cusp of a major transformation driven by legal technology (legal tech). While AI and machine learning are revolutionizing legal services, their effectiveness hinges on one crucial ingredient: experienced lawyers. Here’s why Indian lawyers with a strong understanding of the legal landscape are essential for building robust legal...
Intellectual property (IP) is a critical asset in today’s knowledge-driven economy. It’s the essence of innovation, the lifeblood of your brand identity, and a powerful driver of business success. Here at CorpoTech Legal, we understand the importance of safeguarding your IP, but we believe in going a step further. Unlocking the Hidden Potential of Your...
Missing your home loan EMIs can be a stressful situation. It can lead to the bank classifying your loan as a Non-Performing Asset (NPA) and initiating recovery proceedings under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (SARFAESI Act), 2002. This could ultimately result in the bank taking possession of...
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