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Showing posts from May 19, 2017

HUMAN RIGHTS IN RETROSPECT

Throughout the course of human civilization, man has been in the quest and struggle for peace, justice and freedom. Today, in every part of the world, men, women and children of all faiths and languages, of every colour and creed, are shouting for Human Rights. Why? Because, Human Rights, being inherent, inalienable and universal, cannot be denied to any person living on this planet. They are inherent in the sense that they are the birthright of all human beings and people enjoy them simply by virtue of their human existence. They are inalienable in the sense that people cannot agree to give them up or have them taken away from them, and universal in the sense that they do not just apply to individuals as “citizens” or groups but to all persons regardless of their group identities. In simple terms, Human Rights are what make us human, Human Rights are what reason requires and the conscience demands. Human Rights are the expression of these traditions of tolerance in all cultures that...

Maternity Benefit Amendment Act, 2017 and Private Sector Employees

A women becoming the mother fulfills her duties just not for her family but for the society as well. The Universal Declaration of Human Rights (UDHR) (1948) pronounced the special rights of children for the first time by providing that " motherhood and childhood are entitled to special care and assistance ". The General Assembly in 2003 opined that " early childhood is a crucial period for the sound development of young children. Missed opportunities during these early years cannot be made up at later stages of the child's life." As per the standards set out by the International Labour Organisation (ILO) in the Maternity Protection Convention, 2000, member states have been recommended to provide atleast 14 weeks of maternity leave. The Maternity Protection Recommendation, 2000 of the ILO recommends a longer period of 18 weeks for maternity leave. The Maternity Benefit Act, 1961 in India regulates the standard of employment of women in establishments before ...

Rights and obligations of Issuer, Participant and Beneficial owner under the Depository Act, 1996

As per section 17 of depository Act the rights and obligations of the depositories, participants and the issuers whose securities are dealt with by a depository shall be specified by the regulations. Under the Depository Act, 1996 depository means a company formed and registered under the Companies Act, 1956, and which has been granted a certificate of registration by SEBI under sub-section (1A) of Section 12 of the Securities and Exchange Board of India Act, 1992 ). (Section 2(1) (e)) Work of Depository- The word ‘depositary’ is defined as “the party of the institution (company) receiving a deposit. A depository holds securities (like shares, debentures, bonds, Government Securities, units etc.) of investors in electronic form. Besides holding securities, a depository also provides services related to transactions in securities. It acts as a trustee of the owner since the securities are entrusted with him in trust. He is also the agent of the owner of the securities. Thus...