Question
Which judicial principle limits the absolute protection
originally sought by the Ninth Schedule of the Constitution?ÂSolution
The limitation on the Ninth Scheduleâs immunity flows from the basic structure doctrine, first articulated in Kesavananda Bharati v. State of Kerala (1973). While Parliament possesses wide amending power under Article 368, the Supreme Court held that this power cannot be exercised to destroy or damage the Constitutionâs basic features, such as judicial review, rule of law, equality, democracy, and separation of powers. Although the Ninth Schedule was initially designed to shield laws from Part III challenges, later jurisprudence clarified that it cannot operate as a constitutional âblack hole.â This position was conclusively affirmed in I.R. Coelho v. State of Tamil Nadu (2007), where the Court held that laws placed in the Ninth Schedule are subject to basic-structure review. Thus, constitutional supremacy prevails over legislative devices.
A company issues 5,00,000 shares in the market. The face value of each share is Rs.2, the book value is Rs.10 and the market value is Rs.15. What is th...
Which of the following scenarios best represents the âParadox of Thriftâ as explained by Keynesian economics?
Banks are permitted to allow Startups to raise ECB under the automatic route, The borrowing per Startup will be limited to USD………&h...
In the finance industry, which application of data analysis is most critical for reducing credit risk?
If income increase, the investment will ______
Commission given on each unit of sales will fall under which of the following cost?
A company had EBIT of Rs.3,70,000. The interest expense was Rs.45,000. The tax rate is 30%. The company paid Rs.31,000 dividend. What is the retention ...
Weighted average Cost of capital for Lavi Ltd. is 12%. Lavi Ltd. has issued equity worth Rs. 45 lakhs, 5% debt worth Rs. 15 lakhs and 6% preference sha...
If the degree of operating leverage of a firm is given as 2.8 times, it means:
Which of the following is an Expense for an accounting year