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
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
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 /
Origin and History of United Nations Conference on Trade and Development (UNCTAD) The need for reducing disparities between the rich and the poor was keenly felt at the
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