Tamil Nadu Government File Defamation Case Against Tamil Daily

The Tamil Nadu government will file a defamation case against the Dinakaran Tamil daily for publishing a false report. On 5 June the chief minister of Tamil Nadu in his tweet requested the prime minister to incorporate Tamil as an optional subject in other states with the motive to promote the reach of Tamil language.

But, the Dinakaran Tamil daily on 6 June published a report in which they reported that the chief minister Edappadi K. Palanisswami accepted the three-language formula without verifying the actual facts. In response to that false report, the government has ordered to file a defamation case against the editor, the publisher and the printer in the session court.

Read More

Scope of Corporate Law in India

Many young aspirants are curious to know about the career scope in the field of corporate law. Well, the corporate sector is the backbone for the Indian economy and this sector alone contribute around 55% to India GDP. The sector has ample career and growth opportunities and therefore the young law aspirant should consider it a perfect career choice.

Let’s discuss more corporate law

What is Corporate Law?

A company is a legal person in the eye of law and usually formed for the purpose of business and earning the profit. The law considers it as a separate legal entity and therefore it can sue or be sued. Due to the separate legal entity concept a company is different from its owner, shareholder, etc.

Corporate law and company law is the same in understanding and the word company can be used interchangeably with the corporation.  Indian companies are governed by The Companies Act, 2013 which contains 470 sections and 7 schedules.  The Companies Act, 2013 is applicable to the whole of India and administered by the Ministry of Corporate Affairs. The law related to companies is known as corporate law.

The objective of Company law

The objective  of company law is to provide a legal framework in which the companies must operate.  Corporate law includes law related to the contract, legal matters, mergers, acquisitions, share capital, winding up and other company related issues. The work of a corporate lawyer is to guide the company and help in fulfilling various laws. Corporate lawyers deal with the legal matters of the company and give advice to the Boards of Director.

The purpose of corporate law is to ensure the smooth functioning of corporate or companies for the welfare of the company as well as for the economy. In order to curb the malpractice and avoid any fraud, the company law contains many provisions. Due to the involvement of other stakeholder and to boost the Indian economy corporate law is necessary.

Career Scope in Corporate Law in India

With the rapid increase in corporate, there is a huge demand for lawyers with good knowledge of Company law. There are various career opportunities and these opportunities are growing day by day. There are various places where a corporate lawyer can work such as Law firms, corporate litigation, In-house counsel, regulatory body, etc.

• Law Firms: As per some survey, many students are interested in joining the corporate law firm. The lawyers in corporate firms have to deal with or engaged in drafting agreements for acquisitions, mergers and give legal advice on company-related matters.
• Corporate Litigation: Corporate litigation is also one of the most demanding career opportunities for law graduates. Anyone interested in handling company legal issue such as violation of contract, employer and employee dispute, fraud practice, etc.
• In-house counsel: A company is a legal person and therefore it requires a person who will handle the legal matters. Every company requires a legal panel to handle all law related issue and help in fulfilling national as well as international law. The lawyer has only one client- the company and therefore there is work pressure as compared to other places. The lawyer should take care of areas related to contacts, acquisitions, transactions, etc.
• Regulatory Bodies: A law graduate can also work with regulatory bodies such as Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI), and Competition Commission of India (CCI), etc. The lawyers can work with these bodies in various departments such as legal affairs, surveillance, litigation, and commodities.

Life of a Corporate Lawyer in India

Corporate lawyer is one of the most reputed jobs in India and the life of a corporate lawyer is lavish. They work with the corporate having huge money and willing to spend on getting advice. Company law covers various subjects and therefore it is not possible to specialize in all the subjects. A corporate lawyer has specialization in one of two areas. Company law includes

• Corporate Restructuring
• Compliance
• Insolvency & Bankruptcy
• Refinancing
• Intellectual property rights
• Private equity and venture capital transactions
• International capital markets

Top 10 Corporate Law Firms in India

• Khaitan And Co.
• S&R Associates
• Talwar Thakore and Associates
• Shardul Amarchand Mangaldas And Co.
• Cyril Amarchand Mangaldas & Co.
• J Sagar And Associates (JSA)
• Trilegal
• AZB and Partners
• Luthra and Luthra
• Desai & Diwanji

Conclusion

The scope of corporate law in India is much bigger as expected and has huge growth opportunities for law graduates. The salaries of the corporate lawyers in India are good therefore the law aspirants who are interested in corporate law must pursue their interest and become successful in the corporate world.

Read More

Top 5 Law Colleges In India

Are you looking for Top 5 Law Colleges in India? Well, we all know that law as a career is an excellent choice and every student wants to secure admission in India’s Top Law colleges.In order to help students, the Ministry of Human Resource Development released NIRF (National Institutional Ranking Framework) 2019. According to the NIRF 2019 these are the top law colleges in India.

1. National Law School of India University, Bangalore, Karnataka

National Law School of India University established through an official notification under the National Law School of India University Act (Karnataka Act 22 of 1986). This university was previously known as India Law University. This university offers various level courses ranging from undergraduate to doctoral level. The university has exchange with programs with globally prominent law universities such as Osgoode Hall Law School, Canada and Buceuius Law School, National University of Singapore.

Established: 1986

Exam Accepted: CLAT

Chancellor: Chief Justice of India

Location: Nagarbhavi, Bangalore, Karnataka, India

Website: www.nls.ac.in

2. National Law University, New Delhi

National Law University was established in 2008 under the leadership of Ranbir Singh, the founder and Vice-Chancellor of Nalsar University. The institute offers 5-year law degree which is proposed by the Bar Council of India and programs like undergraduate, postgraduate and doctoral level. Students are required to appear in All India Law Entrance Test for the admission.

Established: 2008

Exam Accepted: AILET

Chancellor: Rajendra Menon

Location: New Delhi, Delhi, 110078

Website: www.nludelhi.ac.in

3. Nalsar University of Law, Hyderabad, Telangana

Nalsar University of Law is a premier law institute located in Hyderabad and it is one of the first National Law universities to be established in India. The university offers various undergraduate, postgraduate programs. Admissions are on the basis of CLAT and only 120 seats are being offered in NALSAR.

Established: 1998

Exam Accepted: CLAT

Chancellor: Chief Justice of the High Court of Judicature at Hyderabad

Location: Hyderabad, Telangana, India

Website:www.nalsar.ac.in

4. Indian Institute of Technology Kharagpur, Kharagpur, West Bengal

Indian Institute of Technology, Kharagpur was the firstIIT to be setup in India. And keeping in mind that the school is outstanding for its engineering courses, IIT Kharagpur has additionally become well known in the field of law. The Rajiv Gandhi School of Intellectual Property Law School at the IIT Kharagpur began in the year 2006. It was the first of its thoughtful graduate school to offer law courses with specialization in Intellectual Property Law. Bachelor of Laws (Hons) in Intellectual Property Law is approved by the Bar Council of India.

Established: 2006

Exam Accepted: CLAT

Dean: Padmavati Manchikanti

Location: Kharagpur, West Bengal, India

Website: www.iitkgp.ac.in/department/IP

5.The West Bengal National University of Judicial Services, Kolkata, West Bengal

The West Bengal National University of Judicial Services is considered as one the most reputed national law schools in India which offer five-year law degree. The university also offers postgraduate course like LLM. The students who are interested to enroll in this university must appear and score well in CLAT exam. The university also offers online courses in order to attract more students across the 17 other countries.

Established: 1999

Exam Accepted: CLAT

Chancellor: Chief Justice of India

Location: Kolkata, West Bengal, India

Read More