Business Law
The Labour Legislation is used to cover all the laws which have been enacted to deal with” employment and non-employment” wages, working conditions, industrial relations, social security and welfare of persons employed in industries.
Payment of Bonus Act The payment of Bonus Act provides for payment of bonus to persons employed in certain establishments of the basis of profits…
Application of Payment of Wages Act 1936 The Act will apply to persons employed in any factory or employed (otherwise than in a factory) upon…
ESIC 1948, is a piece of social welfare legislation enacted primarily with the object of providing certain benefits to employees in case of sickness, maternity and employment injury and also to make provision for certain others matters incidental thereto.
An industrial dispute may be defined as a conflict or difference of opinion between management and workers on the terms of employment.
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.
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 Limited Liability Partnership (LLP) is an incorporated partnership formed and registered under the Limited Liability Partnership Act 2008 with limited liability…
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’.
Discharge of contract means the termination of a contractual relationship between parties. A contract is said to be discharged when it ceases to operate.
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