July 2024

Delhi Domicile Certificate

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delhi domicile certificate

Residents of Delhi should obtain a domicile certificate Delhi to prove that they are permanent residents of that state. A Delhi domicile certificate helps residents of Delhi to get benefits under various state government services and programmes. The NCT government or the Revenue Department issues the Delhi domicile certificates.  Purposes of Domicile Certificate Domicile Certificate is used to get local preference in many situations. It is required to avail resident based reservations which are made in educational institutes or government jobs, etc. It is also used for students to apply for scholarship schemes aimed at residents of the State. Domicile certificate may also be required by institutions giving loan as proof of place of residence. Domicile certificate eligibility in Delhi The applicant has been residing in Delhi for more than three years. The applicant owns a property in Delhi. Women who are not residents of Delhi but marry a person who lives in Delhi. Documents Required Affidavit as prescribed in Annexure-I of the domicile certificate form. Identity Proof (Aadhar card, Voter ID card, Ration Card, etc.) Resident Proof (Electricity bill, water bill, telephone bill, etc.) A copy of Birth Certificate. Proof of the applicant owning a land. Passport size colour photograph How to apply for a domicile certificate in Delhi? Step 1: Visit the official Delhi Government e-District website. Step 2: Click on the ‘Apply for Certificates Online’ option available on the right-hand side of the homepage. Step 3: Click the ‘Register’ option if you have not registered on the e-District website. Step 4: Select the document type as ‘Aadhaar card’, enter your Aadhaar number and click the ‘Click Here’ button. Step 5: Enter the required details and click the ‘Register’ button.  Step 6: Click the ‘Apply Online’ tab and select the ‘Apply for Services’ option. Step 7: Click the ‘Apply’ button against the ‘Issuance of Domicile Certificate’ from the displayed list. Step 8: Fill in the application, upload the required documents and submit the form. How to get a domicile certificate offline in Delhi? Eligible applicants should visit the office of the Deputy Commissioner,  Sub-District Magistrate,  Common Service Center (CSC), or Sub-Divisional Magistrate and get the domicile certificate application form. They should fill out the form, attach the required documents, and submit it with the applicable fees. The applicants will get the application number.  FAQs Is a domicile certificate compulsory in Delhi? To take admission to educational institutions that have seats reserved for Delhi residents. To apply for jobs giving preference to local candidates, i.e. Delhi residents. To apply for loans from institutions requiring a domicile certificate as proof of place of residence. To apply for state scholarship schemes that require a domicile certificate as residence proof. To apply for resident-based reservations in government services. To obtain benefits under the Delhi state government schemes. Domicile certificate validity in Delhi The validity of a Delhi domicile certificate is lifelong.

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Maharashtra Legal Heir Certificate

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maharashtra legal heir certificate

A legal heir certificate is an important document upon the death of a family member. It establishes the relationship between the deceased person and his/her legal heirs. Legal heirs of a deceased person are spouse, children and parents.  The legal heirs must apply and obtain the legal heir certificate to transfer the ownership of assets of the deceased person to themselves. A legal heir certificate can be obtained after the death certificate is obtained from the municipality/ corporation to claim their right over the deceased person’s properties and dues.  What is a Legal Heir Certificate? A Legal Heir Certificate is a crucial document that establishes the relationship between the deceased and their legal heirs. It is necessary to transfer the ownership of the deceased’s assets, such as property, bank accounts, and other financial assets, to their legal heirs. Uses of the Document Legal heir certificate will come in handy when there is a requirement to transfer an electricity connection, house tax, telephone connection, patta transfer, bank account, etc. When a government employee is deceased, the certificate is used to sanction family pension and to get a permit for compassion grounds. In addition to this, this document can state the relationship between the legal heir and the deceased which would be required to claim for insurance, pension, retirement benefits, service benefits or other central and state government schemes. Necessary Information Name of the deceased Details of the family members of the deceased Applicant’s Signature Date of Application Residential Address Eligible Nominees Wife of the deceased Husband of the deceased Son of the deceased Daughter of the deceased Mother of the deceased Documents Required An application form that is duly filled. Death certificate Identity card Ration card Death certificate Maharashtra Legal Heir Certificate Application Procedure Step 1: Approach the Taluk Office The applicant has to visit the Tahasildar or Taluk office. An alternate option to apply for the same is when the applicant can approach a lawyer from the District Civil Court. Step 2: Receive the application form The applicant has to obtain the application form from the concerned Tahasildar officer. Step 3: Enter the details The applicant has to enter all the required information in the application form. Step 4: Attach the documents Upon entering the details, the applicant has to attach all the mandatory documents to the application form. Step 5: Affixing Stamp The applicant has to affix a stamp of Rs. 2 in the application form. Step 6: Submit the application The applicant has to submit the application form to the authorised officer in the Tahasildar office. Step 7: Verification Process The application is verified by the Village Administrative Officer and Revenue Inspector. Step 8: Issuing the Certificate After completing all the verification process, the certificate will be issued by the concerned authority mentioning all the legal heirs of the deceased. Fee Structure The applicant has to affix a court fee stamp of Rs. 2 on the application. Processing Time The time taken to process the certificate is 15 days from the date of applying. FAQs Is a married daughter a legal heir? Yes, both married and unmarried daughters are considered legal heirs and have the same rights as sons. Can a person with a Legal Heir Certificate sell the deceased’s property? A person holding a Legal Heir Certificate alone cannot sell the deceased’s property. However, they can proceed with the sale after obtaining written consent and a No Objection Certificate from all other legal heirs.

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SIP Calculator

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sip calculator

Prospective investors can think that SIPs and mutual funds are the same. However, SIPs are merely a method of investing in mutual funds, the other method being a lump sum. A SIP calculator is a tool that helps you determine the returns you can avail when parking your funds in such investment tools. Systematic Investment Plan or SIP is a process of investing a fixed sum of money in mutual funds at regular intervals. SIPs usually allow you to invest weekly, quarterly, or monthly.  SIP Calculator is a valuable tool that helps investors estimate the future value of their mutual fund investments made through a Systematic Investment Plan (SIP). By inputting the monthly SIP amount, investment duration, and expected rate of return, the calculator can determine the projected corpus amount at maturity. This tool empowers investors to make informed financial decisions by providing a clear understanding of the potential growth of their SIP investments. What is a SIP Calculator? A SIP calculator is a simple tool that allows individuals to get an idea of the returns on their mutual fund investments made through SIP. SIP investments in mutual funds have become one of the most popular investment options for millennials lately. These mutual fund sip calculators are designed to give potential investors an estimate on their mutual fund investments. However, the actual returns offered by a mutual fund scheme varies depending on various factors. The SIP calculator does not provide clarification for the exit load and expense ratio (if any). This calculator will calculate the wealth gain and expected returns for your monthly SIP investment. Indeed, you get a rough estimate on the maturity amount for any of your monthly SIP, based on a projected annual return rate. How can a SIP return calculator help you? SIPs are a more lucrative mode of investing funds compared to a lump sum amount according to several mutual fund experts. It helps you become financially disciplined and create a habit of savings that can benefit you in the future. A SIP calculator online is a beneficial tool, which shows the estimated returns you will earn after the investment tenure. Few of the benefits of SIP calculators include – Assists you to determine the amount you want to invest in. Tells you the total amount you have invested. Gives an estimated value of the returns. How do SIP calculators work? SIP Calculation Formula  FV = P [ (1+i)^n-1 ] * (1+i)/i  FV = Future value or the amount you get at maturity. P = Amount you invest through SIP i = Compounded rate of return n = Investment duration in months Example of a SIP Calculator Jane is 30 years old and works as an investor. She is thinking about how she can invest money for retirement purposes. So, Jane decides to put money into a mutual fund product via a Systematic Investment Plan. Investment amount: ₹35,000 per month  Investment period: 30 years  Expected interest rate: 8% per annum Frequency of investments: Monthly Result: With the above Formula the SIP Calculator would give following results: Future Value of the investment: ₹5,25, 10,331  Total Investment: ₹1,26,00,000 (35,000 * 12 * 30) Potential Returns: ₹3,99,10,331 (Future Value – Total Investment) Advantages of Using a SIP Calculator Accurate Planning: SIP calculators forecast the future growth of an investment well based on specific input criteria. It includes the amount to be funded, the duration, and the expected return. SIP calculators apply mathematical algorithms. It develops definite approximations so traders can manage their finances. Comparison of Several Scenarios: Changing the components of your inputs in SIP calculators, like amount, duration, and anticipated rate, means that they help users evaluate various investment conditions. They assist them in making informed choices. It is based on their economic objectives. Thus coming up with alternative investment strategies that may result in desirable outcomes. Visualisation of Potential Returns: Through systematic investing, SIP calculators help buyers see how their money can grow. Regarding their investing plans, graphs and charts are also available to help them understand the power of compounding. It enables them to make informed choices. Goal Setting and Progress Monitoring: SIP calculators aid traders in setting attainable financial targets and monitoring their progression towards them. By entering their specific financial goals, such as retirement savings or funding their child’s education, investors can estimate the required investment amount. From there they can see how they progress over time. FAQs Are SIPs similar to mutual funds? People often tend to think of SIP as either mutual funds or different than a mutual fund. The fact is that SIP is just a style of investment and not a fund/scheme or a stock/investment avenue. It is an investment vehicle to invest periodically in a fund/scheme of your choice. How to calculate SIP returns in Mutual Funds? To calculate SIP returns in mutual funds, divide each SIP amount by the respective NAV to get the units, sum all units purchased, and add all SIP amounts for total investment. Multiply total units by the current NAV for current value. Calculate returns using ((Current Value – Total Investment) / Total Investment) * 100

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Rajasthan Old Age Pension Scheme

Government Schemes / /
rajasthan old age pension scheme

In 2 October 2021, The “Mukhyamantri Vriddhjan Samman Pension Yojana” was started by the Labore department of Rajasthan. It will provide the benefits to old age people. By offering financial assistance, the program not only eases the burden of financial worries but also honors the lifelong contributions of seniors to the state’s social fabric. It recognizes their wisdom, experience, and resilience, affirming their rightful place in society and ensuring they can live out their golden years with dignity and respect. The old age pension in Rajasthan scheme is a social safety net program that provides financial assistance to senior citizens in the state of Rajasthan. The old age pension in Rajasthan scheme covers all citizens of Rajasthan who are above the age of 60 years and provides them with a monthly pension. The old age pension Rajasthan scheme has been successful in reducing poverty among the elderly population of Rajasthan and has helped improve their quality of life. Rajasthan Old Age Pension Scheme Highlights Under the Chief Minister old age pension in Rajasthan Scheme, the Rajasthan Government will provide a monthly pension of ₹1,000 to eligible individuals. This financial assistance aims to support senior citizens in meeting their basic needs and ensuring a dignified livelihood during their old age. Other Highlights are listed below : Under the scheme, senior citizens aged 60 years and above are entitled to a monthly pension The scheme is implemented through Direct Bank Transfer (DBT) mode Eligible pensioners can receive the pension in their bank account on the 11th of every month The scheme is currently operational in all the districts of Rajasthan. The Objective of the Rajasthan Old Age Pension Scheme 2024 The old age pension in Rajasthan is a social security scheme introduced by the Government of Rajasthan for senior citizens aged 60 years and above. The objective of the old age pension scheme is to provide financial assistance to the elderly citizens of the state who are not in a position to support themselves financially.  Benefits of Old Age Pension in Rajasthan A regular source of income: The monthly pension helps senior citizens to meet their basic needs and improves their quality of life. Improved health: With a regular source of income, senior citizens are able to afford better healthcare and live healthier lives. Social security: The pension scheme provides a safety net for senior citizens, who are often the most vulnerable members of society. Financial independence: The scheme gives senior citizens more financial independence, allowing them to live without depending on family or friends for support. A sense of dignity: The pension scheme allows senior citizens to maintain their dignity and self-respect, as they are no longer dependent on others for financial support. Eligibility of Rajasthan Old Age Pension Scheme 2024 The applicant should be a native of Rajasthan and living in Rajasthan, The female applicant should be 55 years or older. The male applicant should be aged 58 years or older The total annual income of the wife/husband from all sources should be less than ₹48,000/- People belonging to BPL/Antyodaya/Aastha Card holding families/Sahariya/Kathauri, Khairwa castes have been exempted from the income-related condition. Documents of Old Age Pension Scheme 2024 Aadhar Card Copy Jan Aadhar/Bhamashah Card Copy Bank passbook front page copy (Account holder name, Account No, IFSC code). Passport size photo. Income Certificate. Disability Certificate. How to Apply for Rajasthan Old Age Pension Scheme 2024 Step 1: Visit https://sso.rajasthan.gov.in/signin to apply for the scheme Step 2: Register using Jan Aadhar and then log in Step 3: Select RAJSSP on the SSO portal and access the application form for the pension scheme  Step 4: Provide personal information and upload necessary documents  Step 5: Submit the online application  Step 6: The application will be verified by Tehsildar / Naib Tehsildar / Nagar Palika / Municipal Corporation office  Step 7: Upon verification, the application will be forwarded to the Sub Divisional Officer or Block Development Officer for approval  Step 8: Once approved, the pension amount will be transferred to the applicant’s bank account every month. FAQs Can Other state person also apply for this scheme? A native of the Rajasthan state only. What DBT? DBT stands for Direct Benefit Transfer. It is a mechanism used by governments to transfer financial assistance or subsidies directly to the bank accounts of beneficiaries.

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Section 50 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Appealable orders (1) [Notwithstanding anything contained in any other law for the time being in force, an appeal] shall lie from the order refusing to— (a)   refer the parties to arbitration under section 45; (b)   enforce a foreign award under section 48, to the Court authorised by law to hear appeals from such order. (2) No second appeal shall lie from an order passed in appeal under this section, but nothing in this section shall affect or take away any right to appeal to the Supreme Court.

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Section 48 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Condition for enforcement of foreign awards (1) Enforcement of a foreign award may be refused, at the request of the party against whom it is invoked, only if that party furnishes to the Court proof that— (a)   the parties to the agreement referred to in section 44 were, under the law applicable to them, under some incapacity, or the said agreement is not valid under the law to which the parties have subjected it or, failing any indication thereon, under the law of the country where the award was made; or (b)   the party against whom the award is invoked was not given proper notice of the appointment of the arbitrator or of the arbitral proceedings or was otherwise unable to present his case; or (c)   the award deals with a difference not contemplated by or not falling within the terms of the submission to arbitration, or it contains decisions on matters beyond the scope of the submission to arbitration :     Provided that, if the decisions on matters submitted to arbitration can be separated from those not so submitted, that part of the award which contains decisions on matters submitted to arbitration may be enforced; or (d)   the composition of the arbitral authority or the arbitral procedure was not in accordance with the agreement of the parties, or, failing such agreement, was not in accordance with the law of the country where the arbitration took place; or (e)   the award has not yet become binding on the parties, or has been set aside or suspended by a competent authority of the country in which, or under the law of which, that award was made. (2) Enforcement of an arbitral award may also be refused if the Court finds that— (a)   the subject-matter of the difference is not capable of settlement by arbitration under the law of India; or (b)   the enforcement of the award would be contrary to the public policy of India. [Explanation 1.—For the avoidance of any doubt, it is clarified that an award is in conflict with the public policy of India, only if,— (i)   the making of the award was induced or affected by fraud or corruption or was in violation of section 75 or section 81; or (ii)   it is in contravention with the fundamental policy of Indian law; or (iii)   it is in conflict with the most basic notions of morality or justice. Explanation 2.—For the avoidance of doubt, the test as to whether there is a contravention with the fundamental policy of Indian law shall not entail a review on the merits of the dispute.] (3) If an application for the setting aside or suspension of the award has been made to a competent authority referred to in clause (e) of sub-section (1) the Court may, if it considers it proper, adjourn the decision on the enforcement of the award and may also, on the application of the party claiming enforcement of the award, order the other party to give suitable security.

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Section 47 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

Evidence (1) The party applying for the enforcement of a foreign award shall, at the time of the application, produce before the Court— (a)   the original award or a copy thereof, duly authenticated in the manner required by the law of the country in which it was made; (b)   the original agreement for arbitration or a duly certified copy thereof; and (c)   such evidence as may be necessary to prove that the award is a foreign award. (2) If the award or agreement to be produced under sub-section (1) is in a foreign language, the party seeking to enforce the award shall produce a translation into English certified as correct by a diplomatic or consular agent of the country to which that party belongs or certified as correct in such other manner as may be sufficient according to the law in force in India. [Explanation.—In this section and in the sections following in this Chapter, “Court” means the High Court having original jurisdiction to decide the questions forming the subject-matter of the arbitral award if the same had been the subject matter of a suit on its original civil jurisdiction and in other cases, in the High Court having jurisdiction to hear appeals from decrees of courts subordinate to such High Court.]

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Section 46 – Arbitration And Conciliation Act, 1996

Arbitration And Conciliation Act, 1996 / /

When foreign award binding Any foreign award which would be enforceable under this Chapter shall be treated as binding for all purposes on the persons as between whom it was made, and may accordingly be relied on by any of those persons by way of defence, set off or otherwise in any legal proceedings in India and any references in this Chapter to enforcing a foreign award shall be construed as including references to relying on an award.

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