Bank Indorsement or General Indorsement
Bank Indorsement or General Indorsement When the indorser signs his name only, it is called blank indorsement. An instrument endorsed in blank is payable to...
Bank Indorsement or General Indorsement When the indorser signs his name only, it is called blank indorsement. An instrument endorsed in blank is payable to...
Section 64(1) provides that where a company allots or agrees to allot any shares or debentures with a view to these being offered for sale...
(i) An Insolvent: An insolvent can remain the member of the company as long as his name appears in the register of members. He is...
1) The surety may require the creditor to sue the debtor. But he cannot compel the creditor to do so. 2) In the case...
Discharge by Supervening Impossibility A contract is discharged by supervising impossibility in the following cases Destruction of subject-matter of contract: When the subject-matter of...
It is necessary for every company to get registered the Memorandum of Association and Articles of association with the Registrar of Companies. The registrar’s office...
Dishonour by Non- Acceptance {sec. 91} A bill is dishonoured by non- acceptance if it is duty presented for acceptance, but the drawee refuses to...
As per the judicial point of view, a company is a separate legal entity different from its members (saloman Vs. Saloman & co. Ltd.). When...
On registration of the company when the documents required for registration of a proposed company is filed by the company along with the necessary...
Characteristics of floating charges:– Floating charge is a charge on a class of assets of the company, both present and future. The class is one...