When is an Object or Consideration Unlawful? The circumstances which would make a consideration as well as object of an agreement unlawful, are discussed as under 1. Forbidden
What is Material alteration? The term ‘material alteration‘ indicates alteration or change in the material parts of the instrument. It may be defined as any change, which alters
Discharge of Surety – Situations when liability of surety comes to an end A surety’s liability comes to an end under any of the following circumstances. By notice
Importance of Indian Contract Act, 1872 Law of contract is the most important branch of mercantile law. It determines the circumstances under which promises made by the contracting
Circumstances in which a Company can Refuse to Register Transfer of Shares The power to transfer shares vests with the Board of Directors of a company. Hence, the
Circumstances when allotment of shares are irregular 1. An allotment shall be irregular when, it is made by the company Without receiving the minimum subscription or the application
Calls on Shares Reputed companies require the applicants to send the full value of the shares along with the applications. This is because, the Companies Act does not
Transfer of Shares The Companies Act regards the share in a company as a movable property and empowers every shareholder to transfer his shares in the manner provided
Advantages of Preference Shares The following are some of the advantages of Preference Shares. 1. Suitable to Cautious Investors: This is suitable for investors who do not like