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The rule against perpetuities serves a number of purposes. First, English courts have long recognized that allowing owners to attach long-lasting contingencies to their property harms the ability of future generations to freely buy and sell the property, since few people would be willing to buy property that had unresolved issues regarding its ownership hanging over it.
[citation needed] [5] The bill was then tabled in the Rajya Sabha and was also passed unanimously on 12 December 2019 with 163 votes in favour and 0 votes against. [6] The bill received assent from the President of India, Ram Nath Kovind, on 21 January 2020 and was notified in The Gazette of India on the next day. The amendment came into effect ...
Part XIV is a compilation of laws pertaining to the constitution of India as a country and the union of states that it is made of. This part of the constitution consists of Articles on Services Under the Union and the States. [1]
Article 14 guarantees equality to all persons [a], including citizens, corporations, and foreigners. [ 3 ] [ 4 ] [ 5 ] Its provisions have come up for discussion in the Supreme Court in a number of cases and the case of Ram Krishna Dalmia vs Justice S R Tendolkar reiterated its meaning and scope as follows.
Trust law in India is mainly codified in the Indian Trusts Act of 1882, which came into force on 1 March 1882. It extends to the whole of India except for the state of Jammu and Kashmir and Andaman and Nicobar Islands. Indian law follows principles of English law in most areas of law, but the law of trusts is a notable exception.
Executory interests are subject to the rule against perpetuities, which disqualifies any interest that can vest more than twenty-one years after the death of every party who was living at the time the interest was created. However, if all of the potential vesting beneficiaries are named, the rule will never be violated.
Government of India Act 1858 (21 & 22 Vict. c. 106), India came under direct crown rule from the British East India Company; Government of India Act 1909 (9 Edw. 7. c. 4) or Indian Councils Act 1909, brought about a limited increase in the involvement of Indians in the governance of colonial India; Government of India Act 1912 (2 & 3 Geo. 5. c ...
Article 361 is an exception to Article 14 (Right to Equality) of the Indian Constitution. The features are as follows: 1. The President or the Governor is not answerable to any court for the exercise of the powers and duties of his office. 2. No criminal proceedings shall be conducted against the President or the Governor during his term of ...