1. Background In a judgment that will reverberate across every High Court in the country, the Supreme Court of India has issued a set of sweeping, constitutionally enforceable directions aimed at eliminating systemic delays between the reservation of judgments and their actual pronouncement — with a specific and urgent focus on bail matters and the personal liberty of undertrial prisoners. The matter arose from persistent concerns about High Courts reserving judgments and then sitting on them for weeks, months, or even longer — a practice that, while procedurally permissible, had become a source of serious injustice, particularly for those languishing in custody awaiting a bail decision that had already been argued before the Court. 2. Constitutional Basis: Article 142 The Supreme Court invoked its extraordinary jurisdiction under Article 142 of the Constitution of India, which grants it the power to pass any decree or order necessary to do complete justice in any...
Family Offices, a wealth management entity created for asset protection, investment and succession planning vehicles tailored to the specific needs of high net worth individuals and family specific to the needs and preferences of the family to protect its legacy and wealth from generation to generation. A. Why to form a Family Office (FO):- a. Ease of Collective Investment:- To allow family members to invest collectively with reduced investment costs and access to wide range of investment opportunities. Provided opportunities to young family members for exposure to ever evolving financial world and part of critical decision making process. b. Tax Savings:- Been structured in a manner to get benefit under tax schemes and permissible to deduct investment management fees and other administrative expenses that are generally non-deductible by individuals. c. Ease of Co-ordination and...