Trade Unions Act, 1926 | Registration, Object, Dispute
Trade Unions Act, 1926, ‘trade union’ means “any combination, whether temporary or permanent, formed primarily for the purpose of regulating the relations between workmen and employers.
Director: Definition, Disqualification, Duties, Appointment
Section 2 (34) of the Companies Act, 2013, defines a ‘director’ as a person appointed to the board of a company. It means that the person cannot be considered as director unless he is appointed by any method to the board of company.
Articles of Association: Definition, Example, Contents, Alteration
What are Articles of Association? Articles of Association are the rules and regulations or the bye-laws which govern the internal management of the company. It is the second most important…
What is Memorandum of Association? Meaning, Content
Memorandum of Association is a document which sets out the constitution of a company and is, therefore, the foundation on which the structure of the company is built.
Limited Liability Partnership Act 2008
Limited Liability Partnership Act Limited Liability Partnership (LLP) is an incorporated partnership formed and registered under the Limited Liability Partnership Act 2008 with limited liability and perpetual succession. The Act…
What is Cheque? Definition, Characteristics, Types, Parties
Characteristics of a Cheque
A cheque is a bill of exchange, drawn on a specified banker and it includes ‘the electronic image of truncated cheque’ and ‘a cheque in electronic form’.
What is Discharge of Contract? Modes: Performance, Mutual
Discharge of Contract
Discharge of contract means the termination of a contractual relationship between parties. A contract is said to be discharged when it ceases to operate.
Essential Elements of a Valid Contract
Essential Elements of a Valid Contract
Essential Elements of a Valid Contract: Offer & Acceptance, Capacity, Consideration, Consent, Free Consent, Coercion, Undue Influence, Fraud Misrepresentation, Mistake, Unlawful Object, Contingent, Declared as Void.
What is Offer? Types, Elements Lapse & Revocation
What is offer
When one person signifies to another, his willingness to do or abstain from doing anything with a view to obtaining the assent of the offer, to such an act or abstinence, he is said to make a proposal.
What is Bill of Exchange? Example, Features, Characteristics
Characteristics of a Bill of Exchange
A bill of exchange is defined as an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay a certain sum of money only.
