Zen Vichaar

With the growing awareness on D&O policies many organizations are showing a keen interest in taking up this policy. This policy basically protects against legal claims as a result of wrongful actions by directors and officers while performing their duties. These wrongful acts can include errors, omissions, misleading statements, breach of duty or their neglect. The policy covers defence costs that result from any criminal or regulatory investigations or trials as a result of actions by directors and officers. This policy also provides cover for any litigation companies might face in relation to two areas: ·          EPL-Employees practices liability ·          Securities However a gray area that they have to contend with is finalizing the limit of indemnity for this policy. No doubt this is a challenge because unlike an asset there is no fixed value on which the sum insured can be decided. This is because the limit of indemnity depends on the maximum claim that can

When investing your hard-earned money in a property, you would like to ensure that the investment will not run into any trouble in the future. This is a likely possibility especially if there are any uncertainties with regard to the title of the land. Your property might not necessarily have a clear title. When you are buying or selling a property, title refers to the legal right to the property that is obtained through a legal and registered document. There is a change in the title every time there is a change in the ownership of the property. During the course of the property changing hands or in the transfer of the property, defects in the title come to the fore. Past ownership claims, fraudulent transactions by third parties and the lack of government guarantees on the ownership of the land   has given rise to the issue of ownership or title in real estate transactions.  Taking cognizance of this the Government of India passed the Real Estate Regulation Act or RERA