LEARN LAW EASILY

  DIFFERENCE BETWEEN INTERPRETATION OF STATUTES AND CONSTRUCTION OF STATUTES   A statute can be defined as a written expression of the direction or intent of a legislature or the law-makers. A law made by the Law-makers can be interpreted or construed to determine its intended meaning. The judicial authorities can discover true the meaning and objectives of the legislation with the help of the process of interpretation and construction of the statutes. Let us now distinguish between the two of them:   1)    Interpretation of a statute can be seen as a mean of understanding the law made by the Law-makers. The aim of a Court is not just read law but to apply it in a manner which suits from case to case. Therefore, Interpretation of statutes can be said to be a process that is used by the courts to find out the actual implication of a Statute or Act or a Document as well as a mean to understand its intention. Interpretation of statutes bridges the gap between the enactment of a law and

  POWERS & FUNCTIONS OF DIRECTORS IN A BANKING COMPANY   A ‘Director’ is an elected individual who, along with other Directors, is responsible for a Bank’s policy and other fields. Collectively, the Directors form the Board of Directors. It can be said that in a Company, a Director is a hired person who is in charge of managing its business. Primarily, the Directors aim to look out for the wellbeing of the Bank and promote success for the benefit of its members, depositors, shareholders and other creditors. For this reason, the Directors are bestowed with various powers over any part or whole of the Banking Companies and they are liable to perform certain functions in accordance to the power given to them.   In Indian Banking System, before 1949, the provisions of Part XA of the Indian Companies Act, 1913 (as amended in 1936) governed the banking companies in India. Therefore, the Directors of these Banking Companies were also used to be governed by these provisions. However, th

  DEFINITIONS & OBJECTIVES OF INTERPRETATION OF STATUTES   DEFINITIONS & OBJECTIVES OF INTERPRETATION OF STATUTES   Meaning of Interpretation:   The term ‘Interpretation’ has been derived from the Latin term ‘ Interpretari ’, which means to explain, expound, understand or to translate. Interpretation can be held to be a process of explaining, expounding or translating any text or anything in written form. Interpretation of Statutes basically denotes an act of discovering the true meaning of the language which has been used in the statute.   Definition of ‘Interpretation of Statutes’:   Interpretation can be defined as the art of finding out the true sense of an enactment by giving the words of the enactment their natural and ordinary meaning. Interpretation of the statutes is the procedure of ascertaining the true meaning of the words used in a statute. The Court is expected to interpret arbitrarily and therefore there have been certain principles which have evolved out of