When an expert is not liable?
An expert will not be liable for the untrue statement, if he proves that: (i) After giving his permission to the issue of the prospectus,...
Business Law
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What are the parties to negotiable instruments?
The parties to a bill of exchanges, a promissory note and a cheque are as follows: Parties to a Bill of Exchanges: (1) Drawer, (2)...
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What is Law?
What is law? – rules of conduct enforced by the state – function and duties of the state/govt to enforce Definition by Holland : law...
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What are the provisions relating to the Duplicate share certificate?
According to section 84(2) a company can issue or renew a duplicate certificate only on the happening of two cases. If it is proved that...
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What is meant by Lifting of the Corporate Veil?
As per the judicial point of view, a company is a separate legal entity different from its members (saloman Vs. Saloman & co. Ltd.). When...
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Discharge by Operation of law
DISCHARGE BY OPERATION OF LAW A contract may be discharged by operation of law. This includes discharge (a) By Death: In contracts involving personal...
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When is Communication of Offer Complete?
When is Communication of Offer Complete The communication of offer is complete when it comes to the knowledge of the person to whom it is...
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Define the term ‘negotiable instrument’ and explain its characteristics
The term ‘negotiable’ means transferable and the word ‘document’ means ‘in writing’. Therefore, negotiable means a written promise or order to pay money which may...
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What are the various kinds of General Body Meeting?
Statutory meeting Annual General Meeting Extra Ordinary General Meeting Class Meeting.
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Privileges of a Holder in Due Course
PRIVILEGES OF A HOLDER IN DUE COURSE Every prior party to a negotiable instrument is liable to a HDC. A holder who derives title from...
