#Financial Investment Fraud Lawyers in Delhi

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Understanding the Legal Benefits of Marriage Registration in India

Marriage is not just a celebration of love and commitment; it also carries significant legal implications. In India, registering your marriage is essential for securing your rights as a couple. This blog will explore the legal benefits of marriage registration and how it can protect your interests. Consulting a marriage registration lawyer can help clarify these advantages and guide you through the process.

1. Legal Recognition of Marriage

The most fundamental benefit of marriage registration is legal recognition. A marriage registration certificate serves as official proof that a marriage has taken place. This document is essential for various legal purposes, ensuring that your union is recognized by law.

2. Protection of Rights and Benefits

Marriage registration safeguards several important rights for both partners:

Inheritance Rights: A registered marriage allows spouses to claim inheritance rights to each other’s property, assets, and finances, protecting both partners in the event of untimely death.

Social Security Benefits: Legal marriage entitles couples to various government benefits, including pensions and health insurance.

Medical Decisions: In case of medical emergencies, a spouse has the legal authority to make medical decisions on behalf of the other partner.

3. Simplified Legal Procedures

A registered marriage simplifies legal processes in case of divorce or separation. It provides a clear record of the union, making it easier to settle disputes related to alimony, child custody, and property division. Without proper registration, these matters can become contentious and complicated.

4. Protection Against Fraud

Registering your marriage helps prevent fraudulent claims regarding marital status. A marriage registration certificate acts as concrete evidence, protecting couples from any legal disputes or misunderstandings about their marital relationship.

5. Access to Joint Ownership

In a registered marriage, spouses can jointly own property and assets, making financial transactions more straightforward. This includes buying a home, opening joint bank accounts, and sharing investments, which can be crucial for financial stability.

6. Eligibility for Tax Benefits

Legally registered couples may be eligible for certain tax benefits, including exemptions and deductions. Filing taxes jointly can lead to financial advantages, making marriage registration not just a legal requirement but also a financial benefit.

7. Easier Visa and Immigration Processes

A registered marriage can facilitate visa and immigration applications, especially when one spouse is a foreign national. Having a marriage registration certificate simplifies documentation and can expedite the process.

Seeking Professional Help

Given the complexities involved in marriage registration, consulting a marriage registration lawyer can be invaluable. Whether you’re in Delhi or Noida, a local lawyer can provide guidance tailored to your situation. They can assist with:

Understanding legal requirements specific to your region.

Preparing the necessary documents for online marriage registration or in-person applications.

Resolving any disputes or complications that may arise during the process.

Conclusion

Understanding the legal benefits of marriage registration is crucial for any couple looking to secure their rights and interests. From legal recognition to financial advantages, a registered marriage offers essential protections. Whether you choose traditional registration or opt for online marriage registration, having a qualified marriage registration lawyer by your side can help you navigate the process smoothly.

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The Key Role of Real Estate Lawyers in Delhi: Why You Need Legal Expertise

Real estate transactions can be complex and filled with legal intricacies, especially in a fast-growing market like Delhi. From purchasing residential properties to handling commercial deals, real estate involves multiple layers of legal documentation, negotiation, and regulatory compliance. This is where hiring real estate lawyers in Delhi becomes essential. These professionals provide expert legal guidance to ensure smooth transactions, minimize risks, and protect your investments. Let’s explore why partnering with a top real estate lawyer in Delhi is a smart decision.

1. Navigating Legal Documentation

One of the primary roles of a real estate lawyer in Delhi is to handle the vast amount of paperwork involved in real estate transactions. These documents include sale agreements, lease contracts, property deeds, title verification papers, and more. Even a minor error in these documents can lead to serious legal issues or financial losses. A qualified lawyer will:

Create, examine, and guarantee that all legal papers are accurate.

Confirm that agreements comply with local and national property laws.

Protect your interests during negotiations.

This attention to detail is crucial, particularly in high-value transactions where even the smallest mistake can have significant repercussions.

2. Property title verification and due diligence

Make sure the title is clean and devoid of any legal difficulties before buying any real estate. Real Estate Lawyers in Delhi are experts in conducting thorough due diligence, which involves:

examining the property's past to make sure there are no outstanding issues or liens 

Verifying the legal ownership and ensuring there are no outstanding debts, such as unpaid taxes or loans, tied to the property

Reviewing zoning regulations and land-use permissions to ensure the property can be used for its intended purpose

By performing comprehensive due diligence, these lawyers help prevent legal disputes and ensure that your investment is secure.

3. Handling Complex Regulations and Approvals

India's real estate rules and regulations can be complicated and differ depending on the area. In Delhi, there are specific legal guidelines that govern land transactions, including:

The Delhi Land Reform Act: Governs agricultural land in the capital

The Transfer of Property Act: Ensures property transfers follow legal procedures

Building bylaws and local zoning regulations: Determine what can be built on a particular piece of land.

A knowledgeable real estate lawyer in Delhi understands these regulations and ensures that all legal requirements are met. They can also handle obtaining clearances and permits from government authorities, ensuring that your property deal is fully compliant with the law.

4. Dispute Resolution and Litigation

Disputes over property ownership, boundary issues, and inheritance claims are common in Delhi’s real estate market. Delhi real estate lawyers are adept at settling these disputes by discussion, compromise, or, if required, court action. Their expertise ensures that disputes are handled efficiently, saving you time, stress, and financial resources.

Whether you’re facing legal challenges from previous owners, tenants, or co-owners, an experienced lawyer will defend your rights and work towards a favorable resolution.

5. Preventing Real Estate Fraud

Unfortunately, real estate fraud remains a concern in Delhi. Scams involving fake ownership documents, illegal property claims, and misleading property listings can lead to severe financial losses. Real Estate Lawyers in Delhi play a critical role in preventing fraud by conducting background checks on properties, sellers, and transactions. Their legal expertise helps detect and eliminate any risks before they escalate.

Conclusion

Engaging the services of real estate lawyers in Delhi is essential for safeguarding your property investments. From ensuring legal compliance and verifying titles to resolving disputes and preventing fraud, these lawyers provide invaluable support. If you're involved in any real estate transaction, having a skilled lawyer on your side is the best way to protect your interests and make informed decisions in Delhi’s competitive real estate market.

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Best Cyber Crime Lawyer in Delhi

In today's digital age, cybercrime has become increasingly prevalent, posing significant threats to individuals and businesses alike. As the capital city of India, Delhi stands as a hub for cyber activities, making it imperative for residents to have access to top-notch legal assistance in navigating cyber-related legal matters. This article aims to guide you through the process of finding the Best Cyber Crime Lawyer in Delhi who can safeguard your digital world effectively. Whether you're a victim of online fraud, hacking, or identity theft, seeking legal recourse is imperative to protect your rights and interests. In Delhi, the capital city of India, navigating the complexities of cyber laws requires the expertise of seasoned professionals. This article serves as your comprehensive guide to finding the Best Cyber Crime Lawyer in Delhi, ensuring that your digital assets are safeguarded with precision and efficacy.

Understanding Cyber Crime:

In the digital landscape, cybercrime encompasses a wide range of illegal activities perpetrated through electronic means. From data breaches and phishing scams to online harassment and cyber espionage, the manifestations of cybercrime are diverse and ever-evolving. Understanding the various types of cybercrimes is crucial for identifying potential threats and taking proactive measures to mitigate risks.

Types of Cyber Crimes: Cybercrimes can be categorized into several distinct types, including:

Identity Theft: Unauthorized access to personal or financial information for fraudulent purposes.

Hacking: Illegally gaining access to computer systems or networks to disrupt operations or steal data.

Phishing: Deceptive techniques used to trick individuals into revealing sensitive information, such as passwords or credit card details.

Malware Attacks: The dissemination of malicious software, such as viruses, worms, and ransomware, to compromise systems and data integrity.

Online Fraud: Fraudulent schemes conducted over the internet, including investment scams, online shopping fraud, and pyramid schemes.

Cyberbullying: Harassment, intimidation, or defamation of individuals through online platforms and social media channels.

Qualities of a Top Cyber Crime Lawyer:

When seeking legal representation for cybercrime-related matters, it's essential to choose a lawyer with the right expertise and experience. Here are some key qualities to look for in a top Criminal Lawyer in Delhi:

Expertise and Experience: A reputable cybercrime lawyer should have in-depth knowledge of cyber laws, IT regulations, and digital forensics. Look for professionals with a proven track record of handling complex Cyber Crime cases and achieving favorable outcomes for their clients.

Reputation and Track Record: Research the lawyer's reputation within the legal community and their track record of success in cybercrime litigation. Client testimonials, case studies, and peer reviews can provide valuable insights into their capabilities and professionalism.

Legal Framework in Delhi:

Delhi, as the capital city of India, adheres to the legal framework established at the national level for combating cybercrime. The Information Technology Act, of 2000, along with its subsequent amendments, serves as the primary legislation governing cyber activities and electronic transactions in the country.

Cyber Laws in India: The Information Technology Act, of 2000, encompasses provisions related to digital signatures, cybercrime, data protection, and electronic governance. Additionally, specific offenses, such as hacking, identity theft, and online fraud, are addressed under the Act, with corresponding penalties and legal remedies prescribed for offenders.

How to Choose the Right Lawyer:

Selecting the right cybercrime lawyer can significantly impact the outcome of your case. Consider the following factors when evaluating potential legal representatives:

Assessing Specialization: Choose a lawyer with specialized expertise in cybercrime law and digital forensics. They should have a deep understanding of the technical aspects of cyber threats and the legal nuances governing online activities.

Reviews and Testimonials: Read client reviews, testimonials, and case studies to gauge the lawyer's reputation and client satisfaction levels. A track record of successful outcomes and positive feedback from previous clients is indicative of their competence and professionalism.

Benefits of Hiring a Cyber Crime Lawyer:

Enlisting the services of a skilled Criminal Lawyer offers several advantages, including:

Legal Representation: A cybercrime lawyer will advocate on your behalf and represent your interests throughout the legal proceedings. They will leverage their expertise to craft a robust defense strategy and safeguard your rights under the law.

Evidence Collection: Gathering evidence in cybercrime cases requires specialized knowledge and technical proficiency. A qualified lawyer will employ forensic tools and methodologies to collect, analyze, and present digital evidence in court, bolstering your case.

Best Cyber Crime Lawyer in Delhi: Protecting Your Rights in the Digital Sphere

In the digital era, where technology pervades every aspect of our lives, cybercrime has emerged as a significant threat. From hacking to online fraud, individuals and businesses are vulnerable to various forms of cyberattacks. When faced with legal challenges stemming from cybercrime, it's crucial to enlist the expertise of a seasoned Criminal lawyer in Delhi who can navigate the complexities of digital law and protect your rights effectively.

With the rapid evolution of technology, the legal landscape surrounding cybercrime is constantly changing. Therefore, it's essential to choose a Criminal lawyer who stays abreast of the latest developments in cyber law and possesses the necessary expertise to handle your case competently. Whether you're a victim of online harassment, identity theft, or data breaches, having a knowledgeable Cyber Crime lawyer by your side can make all the difference in achieving a favorable outcome.

FAQs (Frequently Asked Questions)

How can a cyber crime lawyer help me?

A cybercrime lawyer specializes in defending individuals and businesses against cyber-related offenses, such as hacking, online fraud, and data breaches. They provide legal guidance, represent clients in court proceedings, and work to secure favorable outcomes in cybercrime cases.

What qualifications should I look for in a cyber crime lawyer?

When searching for the best cybercrime lawyer in Delhi, look for someone with extensive experience in handling cybercrime cases, a solid track record of success, and a deep understanding of digital law. Additionally, ensure that they are licensed to practice law in Delhi and are well-versed in relevant statutes and regulations.

How do I know if I've been a victim of cybercrime?

If you suspect that you've been targeted by cybercriminals, look out for signs such as unauthorized access to your online accounts, unusual financial transactions, or suspicious emails and messages. If you believe you've been a victim of cybercrime, it's essential to seek legal assistance promptly to protect your rights and mitigate any potential damages.

What steps should I take if I've been a victim of cybercrime?

If you've fallen victim to cybercrime, the first step is to document all relevant information, including the nature of the incident, any communications received, and the financial transactions involved. Next, report the incident to the appropriate authorities, such as the police or cybercrime cell, and seek legal advice from a qualified cybercrime lawyer in Delhi to explore your legal options.

How can I prevent cybercrime?

While it's impossible to eliminate the risk of cybercrime, there are steps you can take to minimize your vulnerability. These include using strong, unique passwords for online accounts, regularly updating security software, being cautious of suspicious emails and messages, and practicing safe browsing habits. Additionally, staying informed about the latest cyber threats and employing robust security measures can help protect against cyberattacks.

How much does it cost to hire a Cyber Crime lawyer in Delhi?

The cost of hiring a Cyber Crime lawyer in Delhi can vary depending on factors such as the complexity of your case, the lawyer's experience and expertise, and their fee structure. Some lawyers may charge an hourly rate, while others may offer fixed-fee arrangements or contingency-based pricing. It's essential to discuss fees and payment terms with your lawyer upfront to avoid any surprises later on.

How Can a Cyber Crime Lawyer Help Me?

A Criminal Lawyer can provide legal guidance, represent you in court, and assist with evidence collection and case preparation.

What Should I Do if I Suspect Cyber Crime?

If you suspect that you're a victim of cybercrime, refrain from tampering with any potential evidence and report the incident to law enforcement authorities immediately.

Is It Necessary to Report Cyber Crime Immediately?

Yes, timely reporting of cybercrime is crucial for initiating investigations and preserving evidence. Delayed reporting can hinder law enforcement efforts and impede the pursuit of justice.

What Are the Penalties for Cyber Crimes in Delhi?

The penalties for Cyber Crimes in Delhi vary depending on the nature and severity of the offense. Offenders may face fines, imprisonment, or both, as stipulated under the relevant provisions of the Information Technology Act, 2000.

How Long Does It Take to Resolve Cyber Crime Cases?

The duration of cybercrime cases can vary based on various factors, including the complexity of the case, availability of evidence, and legal procedures. In some instances, resolution may take several months or even years.

Can I Consult a Cyber Crime Lawyer Online?

Yes, many cyber crime lawyers offer online consultations and legal services, allowing clients to seek expert advice and representation from the comfort of their homes.

Finding the best cyber crime lawyer in Delhi is crucial for safeguarding your digital interests and protecting your rights in the event of cyber-related legal issues. By choosing a knowledgeable and experienced Criminal Lawyer who understands the intricacies of digital law, you can navigate the complexities of cybercrime cases with confidence and achieve favorable outcomes. Remember to stay vigilant against cyber threats, seek legal assistance promptly if you suspect you've been a victim of cybercrime, and take proactive measures to protect yourself online. The best cyber crime lawyer in Delhi is essential for safeguarding your digital interests and navigating the complexities of cyber laws effectively. By choosing a knowledgeable and experienced legal representative, you can ensure that your rights are protected, and justice is served in cases of cybercrime. Protect your digital world today by enlisting the expertise of a trusted Criminal lawyer in Delhi!

Go to the website for further information: www.bestcybercrimelawyer.in

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Cyber Crime Lawyer in Meerut: Advocate Deepak

In today's interconnected world, where digital technology permeates every aspect of our lives, the threat of cyber crime looms larger than ever. From identity theft to financial fraud, cyber criminals are constantly devising new ways to exploit vulnerabilities in our online systems. In Meerut, Advocate Deepak stands as a formidable ally for those who have fallen victim to cyber crimes, offering expert legal guidance and representation to navigate the complex landscape of cyber law.

Understanding Cyber Crime

Cyber crime encompasses a broad range of illegal activities committed using digital technology. These crimes can include hacking, phishing, identity theft, online harassment, cyberbullying, and more. With the proliferation of internet-connected devices and the widespread use of social media and online platforms, individuals and businesses are increasingly vulnerable to cyber attacks.

The Role of Advocate Deepak

Advocate Deepak is a highly experienced and skilled cyber crime lawyer in Meerut. With a deep understanding of cyber law and a passion for seeking justice, Advocate Deepak has earned a reputation as a trusted legal advocate for victims of cyber crimes. His expertise covers a wide range of cyber crime cases, including:

1. Data Breaches

Data breaches occur when unauthorized individuals gain access to sensitive information, such as personal data, financial records, or intellectual property. Advocate Deepak assists victims of data breaches in understanding their rights and pursuing legal action against the responsible parties. He helps his clients navigate the complexities of data protection laws and works to secure compensation for any damages suffered as a result of the breach.

2. Online Fraud

Online fraud involves deceiving individuals or organizations for financial gain through deceptive practices such as phishing, identity theft, or investment scams. Advocate Deepak specializes in representing victims of online fraud, helping them recover their losses and hold the perpetrators accountable. He conducts thorough investigations to uncover evidence of fraud and pursues legal action to ensure that his clients receive the justice they deserve.

3. Cyberbullying and Harassment

Cyberbullying and online harassment can have devastating effects on victims' mental and emotional well-being. Advocate Deepak is committed to protecting the rights of individuals who have been subjected to cyberbullying and harassment. He provides compassionate legal support to victims, guiding them through the process of filing complaints and seeking legal remedies against their harassers.

4. Intellectual Property Theft

Intellectual property theft involves the unauthorized use or distribution of copyrighted materials, trademarks, or trade secrets. Advocate Deepak helps individuals and businesses protect their intellectual property rights and takes legal action against those who unlawfully exploit or infringe upon them. He assists his clients in enforcing their rights through civil litigation or criminal prosecution, depending on the nature of the infringement.

Legal Strategies and Solutions

Advocate Deepak employs a strategic and proactive approach to handling cyber crime cases. He begins by conducting a thorough assessment of his client's situation, gathering evidence, and identifying potential legal remedies. He then works closely with his clients to develop personalized legal strategies tailored to their specific needs and objectives. Whether through negotiation, mediation, or litigation, Advocate Deepak is committed to achieving the best possible outcome for his clients.

Vist: https://bestcybercrimelawyer.in/cyber-crime-lawyer-in-delhi

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Integral Role of Property Lawyers in India: A Comprehensive Guide

Property lawyers in India are paramount, particularly in burgeoning urban locales such as Delhi and Gurgaon, due to the escalating real estate developments and the labyrinth of regulations surrounding them. VR Associates Law Firm, renowned for its erudition and experience, stands out as a beacon, providing paramount legal services to its diverse clientele, fostering transactions that are lawful, clear, and efficient.

Pre-transactional Phase

Title Verification and Due Diligence:

In the dynamic spheres of Delhi and Gurgaon, the best property lawyers meticulously conduct title verification and due diligence prior to initiating any transaction. The due diligence process is quintessential to ascertain the clear and marketable title of a property, safeguarding clients from any future legal entanglements and disputes, thereby ensuring peace of mind.

Drafting and Reviewing Legal Documents:

Property lawyers in India specialize in the drafting and reviewing of legal documents pertinent to real estate transactions, such as agreements, contracts, sale deeds, and lease agreements. Their proficiency ensures that each clause is carefully articulated, protecting the interests of the clients and securing legal compliance, which is indispensable for hassle-free transactions.

During the Transaction

Negotiations and Mediation:

A property lawyer in Delhi and Gurgaon acts as a mediator and negotiator between the buyer and seller, representing the interests of the client and securing favourable terms. The lawyer endeavors to resolve any arising disputes amicably, thereby reducing the necessity for litigation.

Financial Assistance and Documentation:

Dealing with substantial financial implications, property lawyers assist in documenting all the financial aspects of a transaction meticulously. They ensure that the financial components are accurately represented and addressed, mitigating the risk of disputes, and protecting the client's investments.

Post-transactional Phase:

Registration and Stamp Duty:

Property lawyers facilitate the registration process, ensuring all the legal obligations under the Registration Act are met. They accurately calculate the applicable stamp duty and guide clients through every step, making the legal transfer of ownership a breeze.

Dispute Resolution and Litigation:

Post-transaction, should any dispute arise, property lawyers are equipped to provide legal representation, navigating through negotiations, mediations, arbitrations, or litigations to reach a favourable resolution for their clients.

Importance of Hiring a Property Lawyer:

Protecting Interests:

With substantial financial investments at stake, hiring a property lawyer in India is crucial. They meticulously review, negotiate, and document all legal aspects to safeguard the interests of both buyers and sellers against any fraud or misrepresentation.

Mitigating Legal Risks and Ensuring Compliance:

Property lawyers, with their profound understanding of property laws, identify potential risks and liabilities and ensure adherence to all the relevant laws, regulations, and local ordinances, maintaining the validity of the transaction.

Facilitating Smooth Transactions:

Specializing in handling legal aspects, property lawyers coordinate with stakeholders, streamline the process, reduce the burden on the parties involved, and ensure that the transaction is seamless and efficient.

Specialized Areas of Real Estate Law in India

Commercial Real Estate:

Property lawyers specializing in commercial real estate navigate the intricacies related to the acquisition, leasing, development, and financing of commercial properties.

Residential Real Estate:

Lawyers in this niche primarily focus on residential property transactions, handling various related matters with aptness and precision.

Real Estate Development:

They assist developers in all the phases of development, from land acquisition to obtaining the necessary permits and clearances.

Real Estate Investment and Finance:

Property lawyers offer legal counsel to entities involved in real estate investment, structuring, and negotiating complex transactions and ensuring compliance with laws.

Hire Property Lawyer in Delhi

When embroiled in the intricacies of property transactions in India, especially in hubs like Delhi and Gurgaon, seeking the counsel of the best property lawyers like those at VR Associates Law Firm is crucial. We not only safeguard our clients’ interests but also ensure that their every property transaction is streamlined, compliant, and hassle-free.

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Cybercrime Complaints Gather Dust: Less Than 1% Result in FIRs, Reveals RTI

A recent report obtained through the Right to Information (RTI) Act has shed light on the alarming reality of cybercrime complaints in Maharashtra, where a mere 0.8% of the 195,409 complaints filed from January 2022 to May 2023 resulted in First Information Reports (FIRs). The data becomes even more concerning when we consider that only 2% of the total 2,099,618 complaints received from all states and Union Territories during this period were converted into FIRs.

Retired police officers from Maharashtra have raised concerns about the inadequate number of inspectors in the cybercrime department to register cases. Under the Information Technology (IT) Act, only police officers with the rank of inspector or above can investigate cybercrime cases. The shortage of qualified personnel not only hampers effective investigations but also erodes public trust in law enforcement, according to experts.

Also Read: Kashmiri Brother-in-Law could not show Kamal, and pressure on Nagpur police failed

The RTI information was brought to light by activist Jeetendra Ghadge, who emphasized the limited effectiveness of the National Cybercrime Reporting Portal. Ghadge stated that while the portal provides an easy way for citizens across the country to register complaints, the lack of FIR registrations by states limits its impact.

Nationally, the data reveals that Delhi received a staggering 216,739 complaints on the National Cyber Crime Reporting Portal during the same period, with only 1.2% resulting in FIRs. However, Telangana stands out as an exception with the highest FIR registration rate at 17%, followed by Meghalaya with 8%. Assam and Tamil Nadu recorded rates of 2.7% and 2.2% respectively.

Experts have acknowledged the Union government's efforts in combating cybercrime through the introduction of the National Cyber Crime Reporting Portal. This initiative aims to empower victims and complainants by providing a convenient platform to report various cybercrime offenses, including online child pornography, online financial fraud, hacking, and more.

Jeetendra Ghadge emphasized the need for collaboration between the central and state governments to address the growing menace of cybercrime. He specifically called for attention to combat financial frauds, which cause vulnerable individuals to lose their hard-earned money.

To improve cybercrime reporting in India, experts from the Future Crime Research Foundation (FCRF) have recommended investing in specialized cybercrime units with well-trained personnel, including experts in digital forensics and investigation techniques. They also stressed the importance of ensuring adequate resources, technology, and infrastructure to support their operations.

The FCRF researchers further emphasized the need for stronger collaboration between central and state governments, law enforcement agencies, and private organizations to share information, expertise, and resources for effective cybercrime prevention and response. They also suggested that the government establish partnerships with technology companies, financial institutions, and cybersecurity experts to enhance reporting mechanisms, develop preventive measures, and support investigation efforts.

Prashant Mali, a cyber lawyer, criticized the state government for its inaction, which allows cybercriminals to operate freely and target individuals in Mumbai. He highlighted the need for freezing stolen funds and emphasized that the low rate of filed FIRs undermines public trust in law enforcement.

Also Read: Cybercrime in Nagpur - Cyber Blackmailer Couple Arrested in Pune for Extorting Money

Ritesh Bhatia, a cyber expert, echoed these concerns and noted that challenges such as insufficient support from intermediaries, jurisdictional issues, and the use of false identities by cybercriminals hinder the police force's efforts to solve these cases.

Ghadge emphasized that while the National Cyber Crime Reporting Portal serves as a vital channel for reporting cybercrime, its primary role is that of an intermediary. It forwards complaints to the respective states and Union territories for necessary police action since the jurisdiction of the police machinery falls under the purview of state governments.

The findings from the report highlight the urgent need for increased resources, specialized training, and collaboration between the central and state governments to effectively tackle cybercrime and restore public trust in law enforcement.

Key Highlights:

A recent report obtained through the Right to Information (RTI) Act reveals that only 0.8% of the 195,409 cybercrime complaints filed in Maharashtra resulted in First Information Reports (FIRs).

Nationally, the conversion rate of complaints into FIRs on the National Cyber Crime Reporting Portal was a mere 2% out of a total of 2,099,618 complaints received.

Retired police officers from Maharashtra express concerns over the shortage of qualified inspectors with expertise in cybercrime investigations, which undermines the registration of cases and erodes public trust in law enforcement.

Delhi had a low conversion rate of 1.2%, while Telangana stood out with a significantly higher rate of 17%, followed by Meghalaya with 8%.

The National Cyber Crime Reporting Portal serves as an online platform aimed at empowering victims and complainants to report various cybercrime offenses.

It is important to note that the National Cyber Crime Reporting Portal primarily acts as an intermediary, forwarding complaints to the respective states and Union territories for further action.

Source: https://www.the420.in/cybercrime-complaints-gather-dust-less-than-1-result-in-firs-reveals-rti/

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WHEN DO YOU NEED A BUSINESS LAWYER OR A CORPORATE LAWYER?

A ‘corporate’ is a term associated with ‘business’ or ‘commercial’. When the lawyers use this term, it would mean that a lawyer who is working for a business transaction forming company, who helps them raise capital, in their merger, acquisitions, or creating joint ventures, or any other issue involving contracts which take place outside the courtroom. A company consists of various departments, multiple businesses, financial as well as legal aspects, relationships, etc. The corporate lawyer ensures that these aspects of the corporation are properly functioning and are within the limits of law.  

Corporate Law-

Corporate law is part of the legal system dealing with laws which ensure rules and regulations for the businesses, companies and organizations. Some of its important areas include- 

· Mergers and acquisitions

· Franchise, distribution and licenses

· Non- disclosure agreements

· Employment agreements

· Trade secrets

· Seed investment

· Ownership structure

· Shareholder rights

· Company formation

· Partnerships

· Corporate financing

· Insolvency

Role of a Corporate Lawyer-

A Corporate Lawyers In Delhi advises his client of his rights, responsibilities and duties under the law. As a corporation is treated as an individual as per the law, hence, the job of the advocate is to represent the corporate entity and not the shareholders or employees of the corporation. 

Corporate law includes the legal issues related to a corporation. As a corporation has to work alongside the central as well as state rules, sometimes international issues are also involved, hence a well experienced corporate lawyer is always in demand in these corporations. Also, law requires a regular meeting of shareholders, like general meetings, annual meetings, etc.

It's the job of the corporate lawyer to ensure that the rules are followed accordingly. 

Work of a Corporate Lawyer- 

 Mostly, a corporate lawyer has to ensure that the corporation avoids litigation. His work includes- 

· Contracts:  A lawyer drafts, analyses, reviews and negotiates contracts on behalf of the businesses. These contracts may vary from lease documents to multi million business transactions.

· Mergers & Acquisitions: A corporate lawyer conducts the whole legal procedure for the merger of a company with another or the acquisition of a company by another corporation. This may include conducting the draft, contract, negotiations, etc and to oversee the whole process.4

· Corporate Governance: A Lawyer In Delhi as is aware of the legal requisites provided by the law, helps the businesses to create legal framework for the working and controlling the businesses. This may include articles of incorporations, creating bylaws, and also advising the directors, employees, officers of their rights and responsibilities.

· Venture Capital: Corporate lawyers help startups and expanding companies to find capital so as to build up their businesses and to expand them.

· Security: The other important function of a corporate lawyer is to inform the companies of laws related to security compliance, these laws are aimed at preventing fraud, inside trading and market manipulation. 

Some other functions include

· Drafting the legal documents

· To file the government reports

· To oversee new relationships with subcontractors

· To negotiate contracts of employees

· To represent the corporations before administrative boards and trial courts.

· To formulate employee handbooks. 

 How Beneficial  are the Services of a Corporate Lawyer

Some of the benefits to hire a corporate lawyer are provided as under- 

· The corporate law is quite complex and hiring a corporate lawyer would help you understand it and comply with it. An experienced corporate lawyer would help you get incorporated and would ensure that the working of your business is in compliance with the law.

· An experienced corporate lawyer could help you with the tax auditing, as well as understand the new tax laws.

· A corporate lawyer could help you around in case of a litigation or any legal procedure. 

In conclusion, a corporate lawyer, Business Lawyers In Delhi helps his client to comply with the laws and rules. But the work of a corporate lawyer is much larger than that. It is very important to have an attorney on board to frame and draft the rules for the corporation. 

For all information regarding your business regarding legalities involved, you can contact us in Lead India. We have a dedicated team of advocates who have years long experience in dealing with matters related to corporate issues.

SOURCE

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Lawyer In Delhi, Business Lawyers In Delhi, Corporate Lawyers In Delhi

[fidamatrimoni]

Why is Background check must Before hiring an Employee?

A 2017 information record said that 1 out of 6 recruits lied on their resume. It additionally delivered to mild that 6,265 applicants amongst 1,000,000 failed to clear the drug exams. The objective of

background checks

is to ensure the safety and security of the employees in the organization The economic offering’s area faced 24% of discrepancies on the applicants’ resume, greater than every other working quarter.

Similarly, the economic survey of 2017-18 predicted that a country of urgency now exists for background checks in each formal and casual sectors. Because the ‘gig financial system’ is reshaping the future of labor, The importance of history assessments is worth (extra) than the price of doing them, growing a plethora of possibilities for detective organization.

In November 2018, a smokescreen became lifted off by using Hyderabad police venture pressure of an otherwise professional organisation in Gurgaon. The Organisation consisted of three folks who were covertly production and promoting faux employment certificates. Securing 30,000 to 40,000 INR from every candidate, they supplied faux secondary school exam and senior secondary Faculty examination certificate.

The fallout of an awful lease can play out very badly for the employer’s popularity. There are numerous motives to get a historical past take a look at finished before recruitment. Amongst all the steps taken via the organisation reemployment, this is the most critical one. Preserve analyzing to discover why a background take a look at is obligatory for your organisation.

Criminal History: A hiring selection wishes to be hazard-loose. A buried crook beyond of a worker can prevent the enterprise’s boom. A loss research before hiring can put the reputation of the firm on the road as nicely. If it’s miles a brand-new venture, things may even crash earlier than they might take a flight. A crook history also can be dangerous within the workplace. If the activity of that worker calls for dealing with kids or even a consumer-going through task, it is a chance. In case of a mishap, the worker may flee leaving the firm and the agency dependable consequently, to keep yourself from such state of affairs you need to lease corporate investigator. Process Overall  performance: when hiring someone, loads of steps are to be taken in advance. Task seekers observe for vacant process profiles; they are filtered and picked out with the aid of employers. They undergo a series of interviews and in the end make a lease. But, up until this stage, a fake demeanor may be staged with the aid of the recruit. They are able to confidently feign to be ideal for the activity profile. however, a background take a look at will include their education, information, paintings revel in to give out a full photograph of the employee. This records will promise whether your capacity worker is actually going to be proper on the task or not.

Decreased employee morale: If many personnel are lower back-to-returned have become fired or leaving, it is able to damage the work output. A horrific hire can dent the group morale. This sense can together reduce productiveness. Whilst paintings productivity is threatened, the demands of the clients are not being met. This process-associated anxiety in personnel can convey losses to the firm. Additionally, it can also appearance terrible within the marketplace.

Safety: a secure and sound place of work is a prerequisite to an effective one. There are safety regulations and methods that exist for the proper motives. They make certain fewer accidents, compliance, reduced administrative center stress, and accessibility. When an employer makes an mistake in judgment while hiring, the complete place of job is suffering from the decision. No protection manual can undo the harm that a worker with an unknown criminal past. With a history check in advance, a sense security is assured.

Accept as True with: After background exams, an surrounding of accept as true with is established. With consider and conviction, comes dependence. This is a superb aspect. Reliability, compared to aptitude, is ultimately some distance greater vital to increase. A great employee would possibly give you the results you want a year, however they would go away the minute they get a higher provide. But a dependable worker becomes critical to the place of job and receives invested for real. A trustful environment will even ensure multipled productivity. For this reason, suitable work tradition is described by way of its valued employees.

Internal fraud and theft prevention: Worker fraud isn’t uncommon in businesses, banks, and other industries. Improved corruption, financial announcement fraud, and asset misappropriation are amongst the common employee fraud threats. At the same time as this is something no one can see coming, such someone’s behavior and psyche might also show warning signs of chance. Fraud perpetrators exist in small and massive agencies. They are able to reason entire downfall of the organization with their one move. Such type of personnel is probable to have a beyond in which they have got completed similar things. That is wherein a history take a look at comes in on hand.

Turnover: Achieving ideal turnover is uncommon. While this turnover will become dysfunctional, it could be notably negative to the increase of the corporation. The recovery could be expensive, hard and gradual. Low or excessive turnover is dependent on the sort of employer we are speak me about. But after a couple of bad hires, the dearth of professionalism of the personnel is conjoined with the exception of the organisation. Consequently, yielding the right amount of turnover is greatly suffering from a negative hiring choice. To a person who does matters manually, a history take a look at would possibly sound some distance-fetched however it’s far as critical as coverage is in these day’s age.

Growing significance of screening: There may be a surge in call for history exams. With user’s fiasco of dangerous drivers, loads of new and old companies have commenced doing screening before hiring. An absence of this formality can now imply that it’s far an indicator of disorganized paintings quarter. This move demonstrates the cost you have incorporated into your company. New organisation have come to that behavior such investigations.

Recruitment costs and training time: A corporation actions in advance with quick-time period and long-time period goals annually. Those desires undergo a value. Expenses of go out interviews, expenses of the latest hires, schooling costs: that is most effective the Recruitement Associated Budget. The quantity of funding in the education of the recruits is going to waste if it turns out to be a bad hire. That is the handiest speaking in monetary terms. It can’t also be imagined how a lot a letdown it’s miles overall. Limitless hours and days spent inside and out on simply one hire can’t be recovered despite the fact that the money is. a heritage check maintains this from going on in your agency.

Proceedings: Unluckily, in case your awful lease has duped a consumer of your employer, you are the only answerable as business enterprise. This responsibility exists on a felony degree. an employer may be sued through outdoor birthday party or parties for a slip-up. Thereafter, hiring a lawyer, retaining up with the fines and going to the court is a heavy fee to place up with. This may be a big blow while the fault was not even yours.

Gig economy: As cited earlier, the world on a whole is embracing the gig financial system. This gig financial system is the fast growth of a workforce that consists of impartial people. These people are  better called as freelancers. Even as the hiring system of such personnel is distinctly quick, an experience of self belief is wanted to be hooked up in them before hiring. It’s miles apparent by now that this security is likewise reassured via heritage screening of the recruits.

We should realize that backgrounds tests aren’t prices, however an investment in the agency. Partnering with a quality and skilled heritage verification enterprise can prove useful in the remote future. This area of understanding worker verification and historical past analysis is topped via dds. FIDA Detectives in Delhi is the finest

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[equicorplegal]

[lawyer2ca]

Government seeks ban on @deloitte , @kpmg affiliates for allegedly auditing lapses of IL&FS Technologies Ltd. group :: @lawyer2ca - 1. The government is seeking to ban Deloitte Haskins & Sells and KPMG affiliate BSR & Associates for 5 years, alleging lapses in their audits of a unit of IL&FS. 2. The Corporate affairs ministry said that the companies “miserably failed” to fulfill their duties as auditors for IL&FS Financial Services (IFIN). 3. The government took control of IL&FS in October after it defaulted on several debt obligations, saying it stepped in to insulate the financial system from contagion. The group has a debt of more than Rs. 91,000 crore ($13.1 billion). - #fraud #Deloitte #KPMG #ILFS #IFIN #ministry #rules #regulations #tax #money #finance #business #investment #startups #entrepreneur #entrepreneurlife #law #lawyers #Lawyer2CA #Lawyer2CAVentures #delhi #bombay #bangalore - https://www.ndtv.com/business/il-fs-crisis-government-seeks-ban-on-deloitte-kpmg-arm-for-alleged-auditing-lapses-2051569 https://www.instagram.com/p/BymhgaNF5Jz/?igshid=1rvzmy7ad9iye

[thewebofslime]

The tumultuous saga of former Indian billionaires Malvinder and Shivinder Singh seems to be entering a decisive stage. Scions of one of the nation’s most prominent business families, the Singh brothers were arrested Thursday and brought into a New Delhi trial court Friday to face charges of fraudulently diverting nearly $337 million from a lender they controlled. The arrests send a signal that even the nation’s elite won’t be spared as India gets increasingly vigorous in its crackdown on delinquent borrowers. The scene marked a new low in the precipitous fall of a multi-billion dollar business empire that included India’s top drug maker and second-largest hospital chain. The accused will be held in police custody till they are produced before the trial court on October 15. During this time the accused can move the higher court for release from custody. Shivinder Singh, center, and his brother Malvinder Singh are escorted from the Economic Offences Wing (EOW) of Delhi Police building to court in New Delhi, on Friday, Oct. 11. 2019. “At the end of the day, karma will catch up,” said Shriram Subramanian, founder of Bangalore-based shareholder advisory firm InGovern. “Businessmen need to think that economic offenses are no longer pardonable. I think that sends a strong signal.” From money routed to a powerful Indian spiritual leader to a fraud case playing out across three countries and an alleged physical altercation, the arrest of the Singh brothers comes amid a drive to weed out suspected corruption and fraud by Prime Minister Narendra Modi-led government. Jet Airways Founder Grounded as India Probes $2.6 Billion Fraud As Indian banks look to clean up what’s become the world’s worst soured-loan mess among major economies, government agencies are also cracking down on defaulting borrowers or those accused of malfeasance. Long Fall The detainment of the Singh brothers marks the a new low point in their long fall from grace. Over the past few years, they lost all of their major businesses to mounting debt and allegedly fraudulent business practices. They have also bickered with each other, with Malvinder in the past accusing Shivinder and the pair’s spiritual guru of defrauding the family holding company. Shivinder and the guru have denied these allegations. The Billionaires and the Guru: A Family Burns Through $2 Billion “They don’t go after that person to whose doorstep the money leads because he’s heading some great religious organization,” Malvinder’s lawyer Manu Sharma said in the courtoom Friday, alleging that the guru was a beneficiary of the transactions at the heart of the allegations against his client. Shivinder, who chose not to engage a lawyer and represent himself, said: “I want to take this opportunity to cooperate with the investigation. I will follow whatever order the court gives.” Malvinder, left, and Shivinder Singh, in better days.Photographer: Manoj Verma/Hindustan Times via Getty Images The arrests this week came in response to a police complaint filed in 2018 by the financial services company the Singhs had founded but is now under new ownership, Religare Enterprises Ltd. Descended from refugees who fled Pakistan during its bloody partition from India, the Singh brothers gained international renown when they sold the generic drug company Ranbaxy Laboratories Ltd., which their grandfather founded, and their father built into India’s largest, for $4.6 billion in 2008. Over the following decade they used the approximately $2 billion they got from the sale to build new businesses, including, Fortis Healthcare Ltd., India’s second largest hospital chain, and financial services conglomerate Religare. All the while their debt was mounting. Spiritual Guru A Bloomberg investigation last year documented how the Singhs were also financing a property business under the names of relatives of their spiritual guru, Gurinder Singh Dhillon, who heads the Radha Soami Satsang Beas, one of the most powerful sects in North India. Some of that money came from their listed hospital and financial services businesses in the form of loans to front companies. Combined with other investments gone bad, these outlays created a debt spiral that eventually saw the Singhs lose both their public companies after shares they’d put up as collateral were seized by lenders. Adding to their legal liabilities, a Singapore tribunal asked the Singhs in 2016 to pay Daiichi Sankyo Co. 35 billion rupees after finding that the brothers concealed critical information during the sale of their drug maker Ranbaxy to the Japanese firm in 2008. Daiichi is still pursuing this award in India’s courts and the Singhs are contesting it. An investigation by India’s market regulator found last year that the brothers had defrauded their hospital company of about $56 million and asked them pay it back. “Greed got the better of them,” said InGovern’s Subramanian, referring to the Singhs. “These allegations have been there for a while and these brothers have been out in the open. I think at the end of the day justice will prevail.”

[cyber-crime-lawyer-in-delhi]

Navigating the Digital Maze: Understanding the Role of a Cyber Crime Lawyer in Gurgaon

In today's digital age, where our lives are increasingly intertwined with technology, the prevalence of cyber crimes has surged, posing significant challenges to individuals and businesses alike. From identity theft and online fraud to data breaches and cyberbullying, the spectrum of cyber threats is vast and ever-evolving. In such a landscape, the role of a cyber crime lawyer in Gurgaon becomes crucial in safeguarding digital rights and combating cyber crimes effectively. One such legal expert leading the charge in Gurgaon is Advocate Deepak, whose expertise and dedication to justice have earned him acclaim in the field of cyber law.

Understanding Cyber Crimes: A Growing Threat

Cyber crimes encompass a broad range of illegal activities committed using computers, networks, and digital devices. These crimes can have devastating consequences, ranging from financial losses and reputational damage to invasion of privacy and emotional distress. With the rapid advancement of technology, cyber criminals are constantly devising new methods to exploit vulnerabilities and perpetrate crimes in cyberspace.

The Role of a Cyber Crime Lawyer

In the face of such complex and rapidly evolving threats, individuals and businesses require expert legal guidance to navigate the intricacies of cyber law and protect their digital assets. This is where a cyber crime lawyer in Gurgaon like Advocate Deepak plays a pivotal role. As a seasoned legal professional with specialized knowledge in cyber law, Advocate Deepak is equipped to handle a wide array of cyber crime cases, including but not limited to:

Identity Theft:

Identity theft involves the unauthorized use of someone else's personal information for fraudulent purposes. Advocate Deepak assists victims of identity theft in reclaiming their stolen identity and pursuing legal action against the perpetrators.

Online Fraud:

Online fraud encompasses various forms of fraudulent schemes conducted over the internet, such as phishing scams, Ponzi schemes, and investment fraud. Advocate Deepak provides legal counsel to victims of online fraud and helps them seek restitution through legal means.

Data Breaches:

Data breaches occur when sensitive information is accessed, stolen, or disclosed without authorization. Advocate Deepak assists businesses in responding to data breaches, ensuring compliance with data protection laws, and pursuing legal recourse against responsible parties.

Cyberbullying:

Cyberbullying involves the use of electronic communication to harass, intimidate, or harm individuals. Advocate Deepak advocates for victims of cyberbullying and works to hold perpetrators accountable for their actions under relevant cyber harassment laws.

The Legal Process: From Investigation to Litigation

When faced with a cyber crime, individuals and businesses often feel overwhelmed and unsure of where to turn for help. Advocate Deepak provides comprehensive legal assistance at every stage of the process, from conducting thorough investigations to gathering evidence, filing legal complaints, and representing clients in court proceedings. He leverages his expertise in cyber law to develop tailored legal strategies aimed at achieving the best possible outcomes for his clients.

Conclusion: Protecting Digital Rights in the Digital Age

As the threat of cyber crimes continues to loom large, the need for competent legal representation in cyberspace has never been greater. Advocate Deepak's unwavering commitment to justice and his deep understanding of cyber law make him a trusted ally for individuals and businesses seeking to protect their digital rights and combat cyber threats effectively. By navigating the digital maze with skill and determination, Advocate Deepak is paving the way for a safer and more secure digital future in Gurgaon and beyond.

Vist: https://bestcybercrimelawyer.in/cyber-crime-lawyer-in-delhi/

[postolo]

Jamia Milia Islamia | One day National Seminar on Cyber Crimes: Issues and Challenges

Cyber Crimes in India is one of the most challenging issues in contemporary times. It has posed several questions to our traditional legal jurisprudence. The issue has also received attention national and worldwide with emergence of newer technology. It has impetus and relevance in contemporary times because of the several initiatives made by government like ‘Make in India’, ‘Digital India’ where the companies across the world are invited to make their investment in India.

Indian law on the Information Technology by some amendments, appears to have made some headway in the direction but substantive gaps persist in definitions, conceptual comprehension and consistency of Rules read with the Act. Many may not know the exact implications and usages of the cyber law to internet crimes targeting individuals. The present seminar aims to create awareness about the cyber laws, issues and challenges of cybercrimes towards the society among the students, academicians, professionals and others.

Keeping in view the above, the deliberations need to be held so that a deep insight about the problems, perspective, issues and challenges about the topics need to be discussed and analysed. This seminar is intended to provide a platform to academicians, lawyers, corporate personalities and scholars all over the country and abroad to share their research work.

Objective of the Seminar

The objective of the seminar is to ease out, discuss, and make deliberations on the following areas.

Citizen friendly Safe and Secure internet

Legal Challenges in Cyber laws.

Relationship between internet rights and internet security

Freedom, Security and Growth in Cyberspace

Digital Democracy and Digital Diplomacy

Themes for participants: 

Emerging Trends in Cyber World

Role of UN for preserving Peace and Security in Cyber Space.

Crime against Women in Cyber world

Crime against Children in Cyber world

Crime against Government in Cyber world

Privacy, Defamation & Data Protection in Cyber space

Fake ID’S in Online Social Networks (OSNs),

Cyber Forensics & Electronic Evidence and Investigations

Online-Consumers in Cyberspace

Banking Financial Fraud, Scams in Cyber world

Net Neutrality & Regulation of Internet

Artificial Intelligence and Cloud Computing & New Challenges

Internet of Things, Block Chains – Emerging Challenges

Cyber Extremism & Radicalization

Note: -The above themes are indicative and the author can send the article on any topic related to the broad theme of the Seminar.

Registration Procedure

Registration fee can be made either through Demand Draft or cash on the spot. The Demand Draft is to be made in favour of The Registrar, Jamia Millia Islamia, New Delhi-25

Registration Fee

Indian Delegates: 1000 (INR)

Research Scholars/Students: 500 (INR)

Foreign Delegates: 2000 (INR)

Important Dates

Submission of Abstracts by: 25th January, 2019

Notification of selected Abstracts: 28th January, 2019

Submission of full papers by: 26th February, 2019

Notification of selected papers: 01st March, 2019

Last date for Registration via E-Mail: 04th March 2019

National Seminar Date: 09th March 2019

Contact

Convenors of the Seminar

Dr. Ghulam Yazdani, Associate professor: 9891989168

Dr. Qazi Mohammed Usman, Associate Professor: 9911273183, qusman@jmi.ac.in

Venue: 

Faculty of Law

Jamia Millia Islamia

Maulana Mohammad Ali Jauhar Marg; New Delhi-25

For more details, refer seminar_law_2019march9

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[shivamsingh98]

How To Select The Best Real Estate Developer To Get The Best Residential Structure.

Buying a house is one of the heftiest and most important decisions a person makes in his/her life. Often people invest almost all of their life savings into it. So, for a big decision like this, choosing the best and trusted real estate developer becomes the most crucial step.

With the unprecedented growth of the real estate sector comes the problem of profit minded and unscrupulous real estate agents who will distract you with their sweet coated words and will try to make a profit out of you by any means.

Becoming a smart investor is the key to choosing the best residential developer and preventing any kind of fraud. Here are a few ways to choose the best residential developer:

1. Do a thorough background check: Do proper research before finalizing on one residential developer. It is among the very first things that you need to do. Doing a proper background check will help you know more about their projects, track record, delivery rates, customer satisfaction and so on. Check that he/she has at least one complete project under his/her name. Visit their website and pen down all the information provided, their about page, their projects, clients etc. Talk to the previous clients in person and get an idea about the developer. If possible visit their on-going project sites and see for yourself the quality, speed and reliability of their construction.

2. Check if they are financially secure: Being financially secure is a big deal for a developer and it is what separates a lot of good developers from the fraud ones. Since a developer loans a huge sum from the bank and other sources for his project, buying from a bankrupt developer is not a good idea. Often to make up for the lack of funds, he/she can resort to cheap materials, delay the project and also raise the cost in the name of hidden charges. Therefore, go through their financial reports, get consultation from stock brokers and bankers, study about their project success rate and cost efficiency to get a rough estimate about the developer’s financial health.

3. Time taken to complete a project: There are many financially secure companies who fail to deliver the projects on time. Cities like Delhi, Mumbai, Kolkata are facing this issue a lot. In such scenario, go for listed organizations as they are required to do the work properly because of the stakeholders and deliver the project on time. There are regulatory bodies also whom you can approach if problem arises. Also talk to the previous clients before finalizing the deal.

4. Check if they have a strong network: Construction is not a one-man job. It requires a big and diverse team of architects, engineers, attorneys, bankers, brokers, workers and so on. Cohesion between them is the key to success. A good residential developer will have a good connection with their team thus ensuring a smooth and successful project.

5. Check for proper paperwork: Always ensure that the developer has the correct legal documents in regards to the land title, construction commencement, authority approvals, building plan approval, bank approval etc. If you can’t understand all these by yourself, it is a wise decision to hire a lawyer who will help you with the proper documentation. Don’t hire a residential developer if the paperwork is not proper.

6. Check the prices: Too less a prices means the developer can cut corners by using cheap labor and materials and too much high a price means that hidden charges are there. Discuss the price with the developer and compare similar projects in and around the area for a reality price check and then finalize the deal.

If you are looking for high quality residential flats in Nashik then look no further than Karmaa Group. With over 40 years of experience in developing residential and commercial projects in Mumbai, they provide some of the most luxurious and best residential area in Nashik. All of Karmaa Group projects are bank approved and 100% authentic so you don’t have to worry about any kind of fraud.

[aminalatif]

IL&FS: Took control of IL&FS to avert ‘catastrophic’ damage, says government

NEW DELHI: The government said it was forced to take control of ailing shadow banking firm Infrastructure Leasing & Financial Services (IL&FS) as it feared its collapse would cause “catastrophic” damage to the financial markets and the economy, a court filing shows.

In the largest intervention of its kind, government this week replaced the board at IL&FS, a construction and infrastructure firm that had defaulted on a series of repayments to creditors as it struggled under a debt pile of more than Rs 91,000 crore.

The company’s downfall has undermined confidence in India’s shadow banking sector, triggered declines in the nation’s stock and bond markets, and stoked fears of outflows from the mutual fund industry which has a large exposure to such financing companies.

In a 36-page petition filed by corporate affairs ministry at the company law tribunal, the government does not pull its punches, referring to IL&FS as a “titanic ship” and accusing its board of mismanagement.

The petition, which sought permission for the board takeover and the right to replace executives and was approved by the tribunal, has not been made public, though some media outlets have quoted from parts of it in recent days. Reuters was able to review the entire petition.

Saving IL&FS was critical as nearly two-thirds of the firm’s accumulated debt of Rs 91,000 crore was from public sector banks. Moreover, IL&FS accounts for 16 per cent of the total exposure of banks to India’s non-banking financial companies (NBFCs), the government said in the petition.

“The future impact of more defaults in the group may be catastrophic for the (country’s) financial stability,” it said.

“Any impairment in its ability to finance and support the infrastructure projects would be quite damaging to the overall infrastructure sector, financial markets and the economy,” the government added.

CRITICAL TIMING FOR MODI

IL&FS, whose top shareholders are state-run Life Insurance Corporation, the State Bank of India, Japan’s Orix Corp and the Abu Dhabi Investment Authority, is one of the largest of thousands of NBFCs which have mushroomed in India in recent years.

The NBFCs, that currently manage an aggregate loan book of nearly Rs 22 lakh crore, have played a key role in lending growth in India as the main banking sector struggled to tackle a bad-debt burden of Rs 11 lakh crore.

It is rare for the Indian government to take control of a private company. In 2009, it took over Satyam Computer Services following an accounting scandal at the firm.

But the rescue was critical for Prime Minister Narendra Modi who can ill afford a financial crisis months before he faces voters at the next election, due by May 2019. His administration is already facing public ire over high fuel prices, a falling rupee currency and farmer protests due to low crop prices.

In a “critical lapse”, IL&FS’ risk management committee, which was tasked to keep tabs on liquidity, credit and market risks, met just once between 2015 and 2018, the government said.

IL&FS’ proposed restructuring plan, announced just days before the government take over, was a “sham” and a “disguised way” to further dupe the stakeholders and misguide the general public, the government said.

The board was “responsible for negligence, incompetencies and putting veil on the misleading intent by presenting rosy financial statements,” the petition said.

The “unscrupulous” manner in which public money has been managed and is stuck in projects indicates that the management not only failed but was involved in “operation cover up” till the end and willfully created a financial mess, the government alleged.

IL&FS’ former managing director and board member, Hari Sankaran, did not respond to a request for comment. Reuters could not immediately contact the other former board members of IL&FS, who have not commented publicly on the matter.

MAJOR REPERCUSSIONS

IL&FS has 348 entities and has over the years developed marquee road, township and water-treatment projects in India and abroad. The group’s debt levels rose to more than Rs 91,000 crore this year, from Rs 49,000 crore in 2014.

The government said IL&FS was not making enough profits to take care of its interest expenses, leading to defaults and rating downgrades. The over exposure to loans had been without “prudent commercial practices”, it said.

The government has ordered its Serious Fraud Investigation Office to probe the IL&FS matter, and the finance ministry on Septemebr 30 drafted an internal note on possible ramifications of an IL&FS collapse.

The ministry warned that mutual funds had an exposure of Rs 2,800 crore to IL&FS bonds and were likely to face redemption pressure from their corporate clients following the IL&FS episode, according to the petition.

That, the government feared, could trigger an Indian debt market sell-off if mutual funds resorted to selling government securities because of an illiquid corporate debt market.

The collapse of IL&FS could have also sparked a liquidity crunch, hit market sentiment and impacted profitability at NBFCs, the government warned in its petition.

IL&FS’ new board is exploring all possible options to revive the company and does not underestimate the size of the challenge, its new non-executive Chairman Uday Kotak said on Thursday.

India on Friday asked the tribunal to allow the new board to act fearlessly and independently as it looks to revive the firm, government lawyer Sanjay Shorey told Reuters.

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