Category: Commercial Laws

Commercial Laws

frustration of contract 0

Frustration of Contract

When a contract is entered into between two parties, specific duties and rights arise between those two parties. The frustration of contract is a scenario whereby some unforeseen events happens after the contract is...

section 185 of the companies act 2013 0

Section 185 of the Companies Act, 2013

Through the Companies (Amendment) Act, 2017 the existing Section 185 of the Companies Act 2013, the old Section 295 of the Companies Act, 1956, Section 86 D of the Indian Companies Act, 1913 and...

Section 139 of Negotiable Instruments Act 0

Section 139 of Negotiable Instruments Act

A cheque is defined as a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. There are three essential parties to a cheque:  The Drawer...

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Doctrine of Indoor Management

Meaning of Doctrine of Indoor Management Doctrine of Indoor Management also referred to as the Turquand’s Rule evolved 150 years back. This Doctrine came into play as an opposition to the Doctrine of Constructive...

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Concept of Lifting of Corporate Veil

Introduction To Lifting of Corporate Veil The corporate veil is a concept which provides that the personality of a company has to be treated separately from that of its shareholders.  It also protects the...

companies act 2013 0

Private Limited Company

Introduction To Companies Act 2013 The term ‘company’ implies an association of a number of persons for some common object or objects. In fact, the purposes for which people may wish to associate are...

contract of indemnity 0

Contract of Indemnity

What is Contract Of Indemnity? Contract of indemnity meaning is a special kind of contract. The term ‘indemnity’ literally means “security or protection against a loss” or compensation. According to Section 124 of the...