Discuss the rights and liabilities of partners on dissolution of a firm
The rights of a partner on dissolution of a firm are as under : (i) Right to an equitable lien – Under Section 46...
Business Law
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What are the provisions relating to the issue of shares at discount?
The issue of shares at a discount is regulated by law and section 79 provides that subject to certain conditions, the shares can be issued...
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What are the rights of debenture holders?
Rights of debenture holders:- Rights and remedies of unsecured debenture holder:- (i) They can file a suit against the company for the principal as well...
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Circumstances Under Which A Cheque May Be Dishonoured
Circumstances Under Which A Cheque May Be Dishonoured A paying banker is under a legal obligation to honour his customer’s mandate. He is bound to...
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What are the effects of non-registration?
EFFECTS OF NON-REGISTRATION (SEC. 69) Suits between partners and firm: A person suiting as a partner of an unregistered firm cannot sue the firm or...
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What are the matters referred to Arbitration?
Matters Referred To Arbitration All disputes of civil and quasi-civil nature All matters affecting the private rights of the parties which can be the subject-matter...
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The Outstanding Study Guide, Tips & Tricks For Business Law Exam
Introduction: A strong legal system is the necessity of any society’s well being and it would be foolish of us to deny that! As BMS...
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Fraud
Fraud means cheating. It is intentionally stating something untrue as true. Section 17 defines Fraud as “Fraud means and included any of the following acts...
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Misrepresentation
Section18 defines misrepresentation as – “a false representation a fact made innocently or non disclosure of a material fact without any intention to deceive the...
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Explain briefly the contracts specifically declared to be void under the Indian Contract Act
The following kinds of agreements are expressly declared to be void :- 1) Agreement made by incompetent person, For e.g. minor, a person of unsound...
