What is Contract of Guarantee? Sec. 126 of the Indian Contract Act 1872, which deals with the contract of guarantee, has defined it as “A contract to perform
Creditors’ Voluntary Winding Up Creditors voluntary winding up takes place only when the company is in an insolvent condition and so it is unable to discharge its liabilities
The Process of Obtaining ISO Certification Qualifying for ISO certification is an accomplishment for an organization. It takes considerable effort at every level to graduate to an ISO-Certified
Bailment and Pledge are special class of contracts, which are dealt with in Secs. 148 to 181 of the Indian Contract Act, 1872. What is Bailment? The term
The share capital of a company can be increased in two ways: Increase of authorized capital, and Increase of subscribed capital. The procedure for increasing share capital are
Powers of Company Director The directors are considered as the head and brain of a company. When the brain functions, the company is said to function. For the
A director may be removed by the shareholders or by the Central Government or by the Court. Procedure for removal of Director of a company according to the
The prospectus is a document inviting the prospective investors to subscribe for the shares and debentures of a company. Therefore, it should contain full and honest material facts
Rules governing consideration in a Contract The following are the Rules governing consideration in a contract. Consideration must move at the desire of the promisor. Consideration may Move
What is Consideration in a Contract? Consideration is the foundation of every contract. The law enforces only those promises that are made for consideration. An agreement without consideration
