Business Law

Modes of Dissolution of a Firm

Modes of Dissolution of a Firm

With the changing times and advancements in technology, more and more companies and firms started to show up and it has become really important to regulate the functioning of these firms in India. Hence, the Indian Partnership Act, of 1932 was brought into the picture. It is a well-known fact that Indian law is influenced …

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Banks: Kinds And Functions

bank is a financial intermediary and creates money by lending money to a borrower, thereby creating a corresponding deposit on the bank’s balance sheet. A banking system is a group or network of institutions that provide financial services to the society. Banking sector acts as the backbone of modern business.

Analysis Of The Limited Liability Partnership In The Indian Context

A partnership is an arrangement between two or more people to engage collectively in  business operations and share its profits and liabilities. [1] Partnership is the oldest  form of business model  for organization constituted by  more than one person. There are various types of partnerships, to classify the types of partnership; there are four major …

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Rights of Unpaid Seller

As per contract of sale, a seller is bound to convey the goods sold and in return, the buyer is bound to pay the necessary price for that particular goods. This is called reciprocal promise [1]. There are some certain circumstances when a buyer fails to pay the necessary amount to the seller and the …

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Concept Of Incoming And Outgoing Partners

partnership can be defined as voluntary contract between 2 or more competent persons To put in their money, capital, labour, skill, or some or all of them in a lawful business with understanding that there shall be sharing of profit between them. Incoming and outgoing partners are the two basic kinds of defining the types of partners in a partnership firm.

Negotiable Instruments

Negotiable Instruments are written and signed documents which create a right in favour of any person and is freely transferable.

DISHONOR OF CHEQUE

According to Section 6 of the Negotiable Instruments Act, 1881, a “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and cheque in the electronic form.[1] In simpler words, a cheque is an …

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INDIAN PARTNERSHIP ACT, 1932: DEFINITION, NATURE AND TYPES

The term partnership is derived from the word ― “to part”, which means ― “to divide”. A partnership is a relationship where two or more persons, having compatible goals, form an agreement to share the work, risk and results or proceeds. Persons who have entered into partnership with one another are identified as partners. The …

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All You Need To Know About Corporate Governance

Oxford dictionary defines ‘governance’ as the activity of governing a country or controlling a company or an organization. Begin with the sentence ‘corporation governance’ means that bunch of rules, practices, systematic procedures which a firm is directed and controlled.