Meaning and Definition of a Company “Company” in the common usage refers to a voluntary association of individuals formed for the purpose of attaining a common social or
Classification of Contracts according to formation According to the mode of formation of contracts, contracts may be classified into three namely, Express Contract, Implied Contract, and Quasi –
Kinds of Contracts According to Validity According to the validity of contracts, they are classified into 5 as discussed below. 1. Valid Contract: An agreement, which is enforceable
A valid contract refers to an agreement between two or more parties that is legally enforceable and meets all essential elements required for its validity. Essential Elements of
Promotional Functions of Reserve Bank of India Various promotional functions performed by the Reserve Bank of India are given below. 1. Promotion of Banking Habit The Reserve Bank
Central Banking Functions or Primary Functions of Reserve Bank of India (RBI) The various primary functions of the Reserve Bank of India are described below: Central Banking /
Joint Family System Joint family system is a very old concept. Under this system, all members of the family would live together and enjoy the income of the
The Caste System Caste is a very ancient system. Originally, society was divided into two parts namely, the Aryans and the non-Aryans. The Aryans came to India as
Promotional activities of IFCI Industrial Finance Corporation of India (IFCI) undertakes various promotional activities financed out of its Benevolent Reserve Fund. The following promotional activities are worth mentioning:
History of Industrial Credit and Investment Corporation of India (ICICI) The creation of Industrial Credit and Investment Corporation of India (ICICI) is another milestone in the growth of