India has a number of institutions at the federal and state level with authority to deal with allegations of corruption. Each state in India is responsible for setting up local anti-corruption agencies which have powers to investigate cases of corruption involving public officials at state level. The major federal anti-corruption institutions are as follows:

The Central Bureau of Investigation: The Central Bureau of Investigation (CBI) was set up in 1963 and it functions under the Ministry of Personnel, Pension & Public Grievances, Government of India. ......read more

If one was to opine in context of the companies laws in India, a future company or for that matter anybody acting for a company, which is yet to be formed cannot execute a contract binding the said prospective company. In other words, a company which has not come into being cannot enter into a contract in it’s to be acquired name. Further, any contract so entered into cannot be made valid by a ratification post incorporation of the said concerned company; this is so because – such contracts are void ab initio and not voidable.

Yet, there is one exception, which is found in a non-companies law statute i.e. the specific relief statute. The exception recognizes the pre-incorporation contract in an eventuality where the promoters of a company have before its incorporation entered into a contract for the purposes of the company and such a contract is warranted by the terms of incorporation; and the company has post its incorporation accepted the contract and conveyed the same to the other party to the contract. ......read more