No lis lies when there is no live claim or the cause of action and it is settled legal principle. The requirement of having a live claim for seeking relief is also been highlighted by the Hon&rsquo..
As per section 5c of THE BANKING REGULATION ACT, 1949 “Banking company means any company which transacts the business of banking in India.”span style="font-size:12.0pt;line-height:115%;font..
1. Personal Guarantee Agreementspan style="font-size:12.0pt;font-family:"Times New..
Preliminary Remarks: Negotiable Instruments are regarded as essential elements in the modern business world. They are the documents of certain type used in the commercial transactions and monetary dealings. Though in actual practice different types of documents may come with..
Document is a written statement of facts and a proof or evidence of existence of a particular transaction between parties involved thereto, to be answerable/liable on placement before a Court of Law for satisfaction of the charges created therein. p style="text-align:..
The enactment of ‘Securitisation and Reconstruction of Financial Assets and Enf..
I have been continuously focusing at the complications in the corporate world and esp..
1. Introduction Man amongst all species has proved himself to be the greediest creature since times immemorial. His greed has made him stop as low as possible in utter disregard for all principles of fair play, honesty, morality, etc. In the past and particularly in the last two decades we have witnessed many instances not only at National level but even across the globe where some..
PRESENT BANKING POSITION It is general principle that greater financial depth, sta..
The Companies (Amendment) Act 2002 vides notification no. S.O. 135 (E) inserted part IX “ A of the Companies Act, 1956 ( hereinafter referred to as “the Act”) and introduced the concept of Producer Company . In the year 2002 an expert committee led by noted economist Y.K Alagh framed legislation for incorporation of a producer company, and conversion of inter- state coopera..
The biggest task for India after independence was to rapidly increasing the industrial base of the country. For the above said purpose the first Industrial Policy was introduced. It was shaped on the Mahalanobis Model of growth, which suggested that emphasis on heavy industries would lead the economy ..
At the inception of every agreement, there must a definite offer by one person to another and its unqualified acceptance by the person to whom the offer is made. As per section 2(a) of Indian Contract Act, 1872 “when a person signifies his willingness to do or abstain from ..
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Merger is a tool used by companies for the purpose of expanding their operations often aiming at an increase of their long term profitability. Usually mergers occur in a consensual (occurring by mutual consent) setting. The dictionary meaning of Mergers is "to combine commercia..
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