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 typewriter is one of the machines, which is used in all business office. A neat and legible writing of information are possible through typewriter. Different types of
What are Duplicating Machines? Duplicating is a process in which the desired number of copies is prepared from a master copy with the help of a duplicator. Duplicating
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
What is Insurable Interest? In an Insurance Contract, the term ‘Insurable interest‘ refers to the legal right to insure arising out of a financial relationship, recognized at law,
Indian insurance companies play following roles in Economic development of our country. 1. Saving and Insurance Saving involves refraining from present consumption. The investment can take place only