Samyag Legal

“Just don’t give up trying to do what you really want to do. Where there is love and inspiration, I don’t think you can go wrong.”
— Ella Fitzgerald

Stick to the way you are now, follow the paths shown by your Guru, the shine will come to you, and you will be the star of your life.
Happy Guru Purnima

“I’m not going to continue knocking on that old door that doesn’t open for me. I’m going to create my own door and walk through that.”
— Ava DuVernay

Land/Real Estate/Property is one of the most important assets you can have in your business. And it’s also something that many entrepreneurs don’t think about until things are starting to fall apart, and they need to find a new way.

To avoid future problems, Legal due diligence is the process that a buyer uses to learn as much as possible about a property and its seller. This includes looking at titles, deeds, mortgages, and any other legal documents.

You need to thoroughly investigate a seller's history to see if they have any liens or unpaid taxes; if so, you may end up paying for them. It's also important to look for any problems with the property such as structural damage or environmental concerns.

And that's the reason due diligence should be done on priority before proceeding with any transactions. It is very important in order to protect one against pre-existing claims over the property.

It can be done after the fact through surveys, records checks, etc. and in some cases also may be required to be done before the transfer takes place to verify the ownership of title over the property or encumbrances over the property.

Do make sure to do proper due diligence when involved in any real estate transaction, especially for high-value transactions.

If you got any queries, you can share them at [email protected]

Hi Solar Entrepreneur and wantrepreneur,

It's always advisable to stay updated about the laws and legal of the industry. Well, there is no such specific law for the solar industry, the significant laws which affect and regulate the solar sectors are -

1. Electricity Act, 2003 -
- This Act was formulated in the year 2003 to regulate the electricity sector. The Act also mentions the preferential tariffs and quotas for opting for renewable energy. The Act deals with the legislation regarding incorporation, generation, transmission, distribution, and also the tariffs in the sale.

2. National Renewable Energy Act, 2015 -
- This Act was formulated in 2015 to encourage the use of renewable energy, mitigate the dependency on fossil fuels, ensure energy security, and reduce local and global pollutants.

3. National Electricity Policy, 2005 -
- This policy was formed in 2005 in compliance with Section 3 of the Electricity Act 2003. It allows preferential tariffs for power produced from renewable energy sources.

4. Tariff Policy, 2006 -
- This policy is the mechanism of the Renewable Purchase Obligation (RPO) to fix a minimum percentage of the purchase of energy consumption by the states from renewable energy sources. A special tariff for the solar energy sector is also included under this policy.

5. Integrated Energy Policy, 2006 -
- This policy is an advisory by particular focusing on renewable energy development and setting targets for the addition and advancement of capacity. The policy covers broad aspects of energy such as security, access, affordability, availability, pricing, efficiency, and environment.

The solar energy sector has been extremely resilient and growing in a number of homes over the decade.

Hopefully, sector-specific laws are formulated and enacted at the earliest to make the system efficient and prevent future conflicts.

Stay connected to learn more about the legality of the industry.

In case of any legal queries mail us at [email protected]

“Do not allow people to dim your shine because they are blinded. Tell them to put some sunglasses on.”
— Lady Gaga