A statutory corporation is an autonomous corporate body created by a Special Act of Parliament or state legislature with defined functions, powers, duties, ...

List of Main features of a public corporation. Owned by the state. A public corporation is fully owned by the state and state is responsible in ...

Public corporation is an autonomous corporate body created by a special Act of Parliament or State Legislature with defined functions and powers. It helps in ...

Advantages of Postal Service:  Assured and speedy delivery of goods is possible with the help of speed post service. Addressee receives the parcels at his ...

A good transport system should help in transporting goods and should have the following features: Economical: A good transport system should be economical ...

A contract of insurance is a contract of indemnity and indemnity only: Indemnity is somewhat similar to compensation. Its main purpose is to compensate the ...

Marine insurance is the agreement whereby the insurer undertakes. in return for a consideration, to compensate the owner of a ship or cargo for complete or ...

Various modes of creating a charge by bank are: Pledge: Pledge is said to be a bailment of goods as security for payment of a debt or performance of a ...

Loan and Overdraft: Loan is defined as a financial arrangement, in which bank provides an advance to the borrower. On the other hand, overdraft is an ...

Right of general lien is one among the many rights that the bank enjoys and it is said to be one the most important rights. A right of a person to retain ...

Rights of a Bank: Right to close the account: The bank has the right to close the account if it is not operated properly by sending a written intimation to ...

Pledge and Hypothecation: Pledge is a bailment of goods as security for payment of a debt or performance of a promise whereas hypothecation is a mode that ...