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Legal scenario of NDTV stake purchase by Adani

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The buzzing news that NDTV stake was acquired by Adani group is making story these days.  The most cruicial entity is Vishvapradhan Commercial Private Limited known as VCPL as it holds warrants of RRPR Holding Private Limited and is entitled, to convert them into 99.99% stake.  VCPL has exercised warrants to acquire 99.5% stake in RRPR. Such acquisition will result in VCPL acquiring control of RRPR(believed to be named after fouder Radhika Roy and Prannay Roy) is a promoter of NDTV and holds 29.18% stake in NDTV.  In past RRPR holdings pvt ltd had taken a loan from VCPL which was interest free, but it had  a condition wherein they had issued the warrants, through which VCPL had the right to convert them into a 99.9 per cent stake in RRPR in case the loan was not repaid.  AMNL(AMG Media Networks Limited) & AEL(Adani Enterprises Ltd) , subsidiary of Adani Group, which host the media business of the Adani Group to played an important role after AEL acq...

Population Control Laws, Bills and Policies in India

Legal Status and Rights of a Dead Person

As per current scenario in India there is no specific statutory law in India for specifically made for the rights of the dead. There are some judgements,customary laws,partial provisions in other statutes and basic principles for upholding the dignity and protecting the Rights of the Dead Person. As a dead person is incapable of executing any of his rights or obligations as he/she would have done when alive, the only option to do it is through a valid law. Currently from the last rites as per once religious beliefs to execution of a will all are governed by customary law, but case becomes complicated when person dies as unidentified or intestate. Moreover the problems dealing with right to reputation and organ transplants e.t.c. After a while due to land shortage the old burial sites are destroyed or reused after some years, I will also be inspecting validity of such orders by government. Also I will discuss the alternative stands taken by jurists as to conferring legal statu...

The Bombay Plan Book review (World Book Day)

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  One of most well written book. This book is short commentary about outline of Bombay Plan. book revisits the Bombay Plan to show how it was not only prescient in its approach to development, but was also influential in shaping economic planning and public policy in the first decade after India’s independence. This was a plan made by 8 noted Industrialists envisaging the 15 years growth & economic development.  The plan talks of Capital Outlay of 10000 crores and divides it further for sectorial allocation. It has a good understanding of Macroeconomic implications.  Plan had envisaged abt 130% increase on agricultural output, 500% for industry & 200% for services. It had estimated recurring and non recurring capital requirements for agriculture, soil conservation and irrigation on nationwide scale further examined sources of financing.  State's role was decided to ensure allocations in line with the plan. This book also mentions its shortcoming and why it wa...