Ozgian 24x7 - Advocate and Lawyers Group

Ozgian 24x7 - Advocate and Lawyers Group Ozgian 24/7

At the onset, it is essential to mention here that the rights and share of the second wife along with the children born ...
06/01/2022

At the onset, it is essential to mention here that the rights and share of the second wife along with the children born out of are grounded on numerous aspects under the Act, 1955. This act governs the legality of the second marriage, and it further regulates the laws of succession among the legal heirs.

Along with the law mentioned above, the , 1955 inculcates upon the wife absolute rights over the husband’s property when the husband passes away. However, there are several conditions to be looked into if the husband gets remarried.

The property rights of the second wife
Most importantly, to determine the property rights of the second wife, it should consider the legality of the second marriage. , 1955, section 5, prohibits , and it states explicitly that the husband or the wife should not have a living spouse at the time of marriage. As a result, if the husband remarries and has a wife at the time of , such marriage would be void in the eyes of the law. The law will not consider the second wife’s entitlement to any share in the husband’s property. It would be necessary to mention here that:

📌 If the second marriage is valid, i.e., the husband remarries after his first wife passes away or gets a divorce from her, then the second wife will be eligible to enjoy the same rights as the first wife in the husband’s property. It is also pertinent to mention here that the rule mentioned above is valid for the self-acquired and ancestral property of the husband.

📌 Under the Hindu Succession Act, 1956, it is provided for the following members as Class I legal heirs to the deceased person’s estates, in case he dies intestate, i.e., without making a Will: -

🔖 Son
🔖 Daughter
🔖 Widow
🔖 Mother
🔖 Son/Daughter of a predeceased son
🔖 Widow of predeceased son
🔖 Son/Daughter of a predeceased daughter
🔖 Son/Daughter of predeceased son of a predeceased son
🔖 Widow of predeceased son of a predeceased son

Hence, the children born out of the valid first marriage and second marriage will have equal rights over the property, irrespective of being self-acquired or ancestral.

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To discuss your case with @ , please schedule your tele-appointment at link below.

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☎️ Tele-Appointment Fee: ₹3780/ Only.

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If the second marriage is declared to be null and void because the provisions of the Hindu Marriage Act, 1955 were not complied with, the children born out of this wedlock are legitimate. Such provision is explicitly mentioned under Section 16 of the Act. These children can claim equal shares over the property or land as the children from the first marriage.

It will be pertinent to state here that the second wife and her children are entitled to the right to maintenance under the , 1956, irrespective of the fact that this marriage is not valid in the eyes of the law.

However, the issues/children of the second wife from her first husband are not entitled to any share in the property of the second husband even after his demise.

Following are the few paradigms which can be taken into consideration while distributing the share of a second wife and the children:

📌 Situation 1: When the husband remarries without legally divorcing his first wife, who is still alive -

In such a situation, after the husband’s demise, the first wife, her children and the children of the second wife will be entitled to get an equal share in the property. However, the second wife will not be entitled to any share of the property.

📌 Situation 2: When the husband remarries after the death of the first wife or after getting a divorce from the first wife -

In such a situation, the children from the first marriage and those from the second marriage will be entitled to equal shares. Along with them, the second wife will also be entitled to a share of inequality with the others.

📌 Situation 3: If the property been jointly titled between the husband and the first wife, making it a marital property -

After the second marriage, the would remain under the ownership of the first wife after the death of the husband and the nominated beneficiaries. Notwithstanding the same, the children from the second marriage can claim a share in the property under the Hindu Succession Act.

To discuss your case with @ , please book your tele-appointment at link below.

Link ☎️ ozglaw.com/appointment

WhatsApp📱 WA.me/918779696580

☎️ Tele-Appointment Fee: ₹3780/ Only.

, go to 📲 https://ocicard.ozg.in

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14/10/2021

Declaration under Section 10 (5) of FEMA

📌 Question: What is Section 10(5) of The Foreign Exchange Management Act (FEMA), 1999?

📌 Answer: An authorised person shall, before undertaking any transaction in foreign exchange on behalf of any person, require that person to make such declaration and to give such information as will reasonably satisfy him that the transaction will not involve, and is not designed for the purpose of any contravention or evasion of the provisions of this Act or of any rule, regulation, notification, direction or order made thereunder, and where the said person refuses to comply with any such requirement or makes only unsatisfactory compliance therewith, the authorised person shall refuse in writing to undertake the transaction and shall, if he has reason to believe that any such contravention or evasion as aforesaid is contemplated by the person, report the matter to the Reserve Bank.

📌 Declaration Sample (under section 10(5) of the Foreign Exchange Management Act (FEMA), 1999.

I / We hereby declare that the transaction/s, the details of which are specifically mentioned in the schedule hereunder does not involve and is not designed for the purpose of any contravention or evasion of the provisions of the aforesaid Act or any rule, regulation, notification, direction or order made there under.

I/ We also hereby agree and undertake to give such information / documents before the Bank undertake the transaction/s and as may be required from time to time that will reasonably satisfy Bank about the transaction/s in terms of the above declaration.

I/We also understand that if/ we refuse to comply with any such requirement or make unsatisfactory compliance herewith, the Bank shall refuse in writing to undertake the transactions and shall if it has reason to believe that any contravention / evasion is contemplated by me / us, report the matter to Reserve Bank of India.

I/We further declare that the undersigned has / have the authority to give this declaration and undertaking on behalf of the firm/ company/ organization.

Place:
Signature:

Date:
Name:
Rubber Seal:

SCHEDULE -

Nature / Purpose of Foreign Exchange Transactions:
Amount of Foreign Exchange:
Name of beneficiary entity:

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FDI - Issue and Purchase of Shares by NRI / OCI & Foreigner in Indian Company - Ozg Lawyers 📌 There are two ways to Purc...
13/10/2021

FDI - Issue and Purchase of Shares by NRI / OCI & Foreigner in Indian Company - Ozg Lawyers

📌 There are two ways to Purchase of Shares by NRI / OCI & Foreigner in Indian Companies -

I) Automatic Route (No prior permission required) -

The companies operating in most of sectors or activities as specified in the Regulation 16 of FEMA 20 (R) are eligible for FDI through the automatic route. Under FEMA regulations, an Indian Company can issue shares under the automatic route to a person resident outside India except in bordering countries.

II) Approval Route (prior permission required) -

The sectors or activities not covered under the automatic route requires prior approval of the Government of India. Procedure for applying for Government approval is given at fifp.gov.in/Forms/SOP.pdf. For any questions or support, please email to: [email protected]

📌 Payment for Share Issued to NRI / OCI or Foreigner:

The most preferred way is the inward remittance through normal banking channel. Please, note NRO (or NRE) bank account can't be used for this purpose.

📌 RBI Compliance Filing for Issue and Purchase of Shares by NRI / OCI & Foreigner in Indian Companies.

There are only 3 compliance filings.

1) For foreign investment made by NRI / OCI and foreigner on a repatriable or non-repatriable basis, a report is to be filed with the Regional Office of the RBI within 30 days from the date of receipt of the amount by AD Category-1 bank.

2) FC-GPR for the acquisition of right shares and bonus shares.

3) FLA annual return at RBI operated FLAIR portal by the company before 15th July every year. To learn about it, please visit to https://flair.rbi.ozg.in

📌 To get consultation on your case, please book a tele-appointment with Ozg Lawyers or please write an email to: [email protected]

Ozg Lawyers: FEMA Advisory

Tele-Appointment Link:
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The Regulatory Sandbox for Fintech Companies by   (RBI) - Ozg Fintech Center ☎️ WA.me/918850585672What is The Regulatory...
11/10/2021

The Regulatory Sandbox for Fintech Companies by (RBI) - Ozg Fintech Center ☎️ WA.me/918850585672

What is The Regulatory Sandbox (RS)?

RS usually refers to live testing of new fintech products or services in a controlled / test regulatory environment for which regulators may (or may not) permit certain regulatory relaxations for the limited purpose of the testing.

The RS allows the regulator, the innovators, the financial service providers (as potential deployers of the technology) and the customers (as final users) to conduct field tests to collect evidence on the benefits and risks of new financial innovations, while carefully monitoring and containing their risks.

It can also provide a structured avenue for the RBI to engage with the ecosystem and to develop innovation-enabling or innovation-responsive regulations that facilitate delivery of relevant, low-cost financial products. The RS is an important tool which enables more dynamic, evidence-based regulatory environments which learn from, and evolve with, emerging technologies.

The focus of the RS will be to encourage innovations intended for use in the Indian market in areas where:

📌 There is absence of governing regulations;

📌 There is a need to temporarily ease regulations for enabling the proposed innovation;

📌 The proposed innovation shows promise of easing/effecting delivery of financial services in a significant way.

Ozg Fintech Center ☎️ WA.me/918850585672

📧 [email protected] 📲 https://fintech.ozg.in

Regulatory Sandbox: Eligibility Criteria

The target applicants for entry to the RS, are FinTech companies including startups, banks, financial institutions, any other company, Limited Liability Partnership (LLP) and partnership firms, partnering with or providing support to financial services businesses, subject to the sandbox criteria laid down in guidelines.

- List of Fintech Products/Services

📌

📌 services

📌 Marketplace lending

📌

📌 Financial advisory services

📌 services

📌 Digital identification services

📌

📌 Financial inclusion products

📌 products

🔊 Financial Technologies -

📌 Mobile technology applications (payments, digital identity, etc.)

📌

📌 Application Program Interface ( ) services

📌 Applications under technologies

📌 and applications

Exclusion from -

The entities may not be suitable for the RS if the proposed financial service is similar to those that are already being offered in India unless the applicants can show that either a different technology is being gainfully applied or the same technology is being applied in a more efficient and effective manner.

An indicative negative list of products/services/technology which may not be accepted for testing is given below.

📌

📌 Credit information

📌 / services

📌 Trading/investing/settling in crypto assets

📌 Initial Coin Offerings ( ), etc.

📌 services

📌 Any product/services which have been banned by the Reserve Bank of India or Government of India.

Ozg Fintech Center ☎️ WA.me/918850585672

📧 [email protected] 📲 https://fintech.ozg.in

15/09/2021

How to become an Internet Services Provider ( )? To learn it for FREE, simply WhatsApp now.

📲 WA.me/918779696580

Email to: [email protected]

Follow 📌 instagr.am/isplicence

In post Covid world, Internet become a lifeline therefore everyone is quickly adopting a digital life. Hence, ISPs are the actual managers. Because of this sudden rise in demand, this is a great opportunity created for you to become an ISP, or services provider and earn big by simply putting a small investment.

🟣 WPC-ETA 🟢 WPC-Network 🟡 WPC-DealerGet WPC License & ETA Approval in India 📌 Find more at: https://wpclicense.ozg.in📌  ...
27/08/2021

🟣 WPC-ETA 🟢 WPC-Network 🟡 WPC-Dealer

Get WPC License & ETA Approval in India

📌 Find more at: https://wpclicense.ozg.in

📌 Follow us on: instagr.am/wpclicense

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WPC license is exclusively for wireless products including frequency ranges for Bluetooth and Wi-Fi. It can be applied by manufacturers or importers & dealers in India. WPC mainly includes three different types license as shown in picture.

: We are available 24/7 for the technical support related to your case. To discuss your WPC requirements, please WhatsApp at your preferred time.
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The statutory compliance filings for your LLP is still pending? And, you are worried about late fee & penalty etc.?   ca...
14/08/2021

The statutory compliance filings for your LLP is still pending? And, you are worried about late fee & penalty etc.? can help you right away. Simply, message now to get our exclusive compliance filing solutions at the best price. We are available with 24/7 support.

For more information, please DM to:

📌 WhatsApp 📲 WA.me/918779696580

📌 Support Desk 🖥️ https://mcafiling.ozg.in

📌 LLP Form-11 Due date: 31/August/2021

📌 LLP Form-8 Due date: 30/October/2021

🇮🇳 Adoption Procedure For Non-Resident Indian (NRI), Overseas Citizen Of India And Foreign Prospective Adoptive Parents:...
22/06/2021

🇮🇳 Adoption Procedure For Non-Resident Indian (NRI), Overseas Citizen Of India And Foreign Prospective Adoptive Parents:

📌 14. Non-Resident Indian to be treated at par with resident Indian-

Non-resident Indian prospective adoptive parents shall be treated at par with Indians living in India in terms of priority for adoption of Indian orphan, abandoned or surrendered children.

📌 15. Registration and Home Study Report for prospective adoptive parents for inter-country adoption:

Any , Overseas Citizen of India or foreign prospective adoptive parents, living in a country which is a signatory to the and wishing to adopt an , can approach the Authorised Foreign or the Central Authority concerned, as the case may be, for preparation of their Home Study Report and for their registration in Child Adoption Resource Information and Guidance System

In case, there is no Authorised Foreign Adoption Agency or Central Authority in their country of habitual residence, then the prospective adoptive parents shall approach the Government department or Indian diplomatic mission concerned in that country for the purpose.

The Authorised Foreign Adoption Agency or Central Authority or the Government department or the Indian diplomatic mission concerned, as the case may be, on ascertaining the eligibility of the prospective adoptive parents for adopting a child, shall get their Home Study Report completed and register their application in Resource Information and Guidance System in the format along with the required documents as specified in Schedule VI.

The seniority of the prospective adoptive parents shall be counted from the date of their registration and uploading of requisite documents in the Child Adoption Resource Information and Guidance System.

The Home Study Report and other documents of the prospective , shall be scrutinised at the Authority in order to determine their eligibility and suitability and be forwarded to the where children legally free for adoption are available.

The profiles of two children, in one or two referral(s), shall be forwarded by Child Adoption Resource Information and Guidance System to the Authorised or Central Authority or Government department or Indian diplomatic mission, as the case may be, which may further forward such profiles to the prospective adoptive parents concerned as per local rules and in case of a foreigner or (OCI), the profiles of children shall be referred to the prospective adoptive parents.

The prospective adoptive parents may reserve one of the referred children within ninety-six hours and the profile of the other child shall stand automatically withdrawn.

In case the prospective adoptive parents fail to reserve any of the children within ninety-six hours, then the profiles of both the children shall stand automatically withdrawn.

Preference of the prospective adoptive parents shall be taken into consideration when sending referrals to them.

If the prospective adoptive parents reserve one of the children shown, they shall accept the child by signing the Report and Medical Examination Report of the child within thirty days from the date of reservation.

The , Medical Examination Report and photograph of the child, in original, shall be sent by the Specialised Adoption Agency to the Authorised Foreign Adoption Agency or Central Authority or the Indian diplomatic mission concerned.

In case the prospective adoptive parents fail to accept the reserved child within thirty days, then the profile of the child shall stand withdrawn by the Child Adoption Resource Information and Guidance System and the seniority of the prospective adoptive parents shall be relegated to the bottom of the list; and shall be given another opportunity to reserve and accept a child when their turn becomes due, provided that their Home Study Report remains valid.

If the prospective adoptive parents desire to visit the Specialised Adoption Agency to see the child in person, before accepting him for adoption, such visit may be made after their adoption application is approved by the Authority and the prospective adoptive parents may also get the Report of the child reviewed by a medical practitioner of their choice.

The Authorised Foreign Adoption Agency shall forward the original documents of the prospective adoptive parents, as specified in Schedule IX, to the Specialised Adoption Agency concerned for their scrutiny.

All documents forming part of the Home Study Report shall be notarised and the signature of the notary is to be apostilled by competent authority of the receiving country in cases of Hague ratified countries, however the documents originating from India shall be self-attested.

If the documents are in any language other than English, then the originals must be accompanied by translations in English, duly attested by the agency or authority in the of the prospective adoptive parents designated for the purpose of attestation or apostille.

To get consultation on your case, please book a tele-appointment with Ozg Lawyers or Email / WhatsApp.

:

📲 https://adoptionadvisory.ozg.in

Tele-Appointment Link:
☎️ ozglaw.com/appointment

24/7 ☎️ WA.me/918779696580

📌 16. No Objection Certificate of Authority and pre-adoption foster care:

The Authority shall issue No Objection Certificate in favour of the proposed in the format at Schedule X, within ten days from the date of receipt of the acceptance of the child by the prospective adoptive parents and letter of approval or permission of the receiving country as per Article 5 and of the Hague Adoption Convention, wherever applicable; and a copy of the No Objection Certificate shall also be endorsed to all concerned and posted in Child Adoption Resource Information and Guidance System forthwith.

The prospective adoptive parents may take the child in pre-adoption foster care for a temporary period within India after issuance of by the Authority while the court order is pending, by furnishing an undertaking to the Specialised Adoption Agency in the format at Schedule VIII.

The prospective adoptive parents shall receive final custody of the child from the Specialised Adoption Agency as soon as the and visa are issued to the child after issue of adoption order from the competent court.

📌 17. Legal Procedure:

The legal procedure as provided in regulation12 shall, mutatis mutandis be followed in cases of inter-country adoption under this Chapter.

In cases of the prospective adoptive parents residing abroad and wanting the Specialised Adoption Agency to represent on their behalf as well, the application shall also be accompanied by a Power of Attorney in favour of the social worker or adoption in-charge of the Specialised Adoption Agency which is processing the case and such Power of Attorney shall authorise a social worker to handle the case on behalf of the prospective adoptive parents.

To get consultation on your case, please book a tele-appointment with Ozg Lawyers or Email / WhatsApp.

Ozg Lawyers: Adoption Advisory

📲 https://adoptionadvisory.ozg.in

Tele-Appointment Link:
☎️ ozglaw.com/appointment

24/7 ☎️ WA.me/918779696580

📌 18. Passport and visa, intimation to authorities, Conformity Certificate, , etc.

The Authority shall issue a Conformity Certificate under Article 23 of the Hague Adoption Convention in the format provided in Schedule XI within three working days from the date of availability of the adoption order in the Child Adoption Resource Information and Guidance System, in case the receiving country of the adopted child is a signatory to the Hague Adoption Convention.

The Authority shall inform the immigration authorities and the foreign regional registration office or the foreign registration office concerned, as the case may be, about confirmation of the adoption.

To obtain Indian passport for the adopted child, the Specialised Adoption Agency shall submit the application to the regional passport officer within three working days from the date of receipt of the adoption order.

The regional passport office shall issue passport for the adopted child within ten days from the date of receipt of application, in accordance with the circulars regarding issuance of passport to inter-country adopted children, issued by the Ministry of External Affairs of the Central Government from time to time.

The Specialised Adoption Agency shall approach the birth certificate issuing authority for obtaining birth certificate of the adopted child, with the name of adoptive parents, as parents, and date of birth as recorded in the adoption order within a period of three days of obtaining of the certified copy of the adoption order.

The adopted child shall be entitled to receive Overseas Citizen of India Card or , if found eligible.

The adoptive parent(s) shall come to India for taking the adopted child to their country within a period of two months from the date of adoption order.

To get consultation on your case, please book a tele-appointment with Ozg Lawyers or Email / WhatsApp.

Ozg Lawyers: Adoption Advisory

📲 https://adoptionadvisory.ozg.in

Tele-Appointment Link:
☎️ ozglaw.com/appointment

24/7 ☎️ WA.me/918779696580

📌 19. Follow-up of progress of adopted child by Non-Resident Indian, Overseas Citizens of India and foreign prospective adoptive parents.

The Authorised Foreign Adoption Agency or the Central Authority or Indian diplomatic mission or Government department concerned, as the case may be, shall report the progress of the adopted child for two years from the date of arrival of the adopted child in the receiving country, on a quarterly basis during the first year and on six monthly basis in the second year, by uploading online in the Child Adoption Resource Information and Guidance System in the format provided in Schedule XII along with photographs of the child.

On the basis of the progress report or in course of post-adoption home visits, if an adjustment problem of an adoptee with the adoptive parents comes to the notice of the Authorised Foreign Adoption Agency or Central Authority or the Government department concerned in the receiving country, necessary counseling shall be arranged for the adoptive parents and for the adoptee, wherever applicable.

If it is found that the adoptee is unable to adjust in the adoptive family or that the continuance of the child in the adoptive family is not in the interest of the child, the Authorised Foreign Adoption Agency or Central Authority or the Government department in the receiving country or Indian diplomatic mission concerned, as the case may be, shall withdraw the child and provide necessary counseling and shall arrange for suitable alternate adoption or foster placement of the child in that country, in consultation with the Indian and the Authority.

In case of disruption or dissolution of adoption, the child shall be entitled to receive care, protection and through the child protection services of that country and as per Hague Adoption Convention for the Hague Adoption Convention ratified countries.

The Authorised Foreign Adoption Agency or Central Authority or Government department concerned shall contact Indian diplomatic mission to render necessary help and facilitate the repatriation of the child, if required.

The Authorised Foreign Adoption Agency or Central Authority or Government department concerned, may organise annual get-together of Indian adoptees and their adoptive parents and forward a report of the event to the Authority and the Indian diplomatic missions shall facilitate such get-togethers.

The prospective adoptive parents shall furnish an undertaking to the effect that they would allow personal visits of the representative of Authorised Foreign Adoption Agency, the foreign Central Authority or Government department concerned, as the case may be, to ascertain the progress of the child with the adoptive parents or family at least for a period of two years from the date of arrival of the child in the receiving country.

To get consultation on your case, please book a tele-appointment with Ozg Lawyers or Email / WhatsApp.

Ozg Lawyers: Adoption Advisory

📲 https://adoptionadvisory.ozg.in

Tele-Appointment Link:
☎️ ozglaw.com/appointment

24/7 ☎️ WA.me/918779696580

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