Fixing of minimum rates of wages: The responsibility of fixing the minimum rates of wages is that of the appropriate Government. The ...
Mistake One of the essential elements of a valid contract is the free consent of the parties to it. The parties are said to be having or providing a free ...
Section 17 has defined fraud: Fraud means and includes any of the following acts committed by a party to a contract, or with his connivance, or by his agent, ...
Distinction between ESI Act, 1948 and Employees Compensation Act, 1923 ESI Act, 1948 Objectives of the Act : To provide benefits to the ...
A depository is a company which has been granted a certificate of registration under the SEBI Act, 1992, to deal in securities. In simple words, it ...
Section 31 of the Contract Act defines the contingent contract as follows: A contingent contract is a contract to do or not to do something if some event, ...
In simple words, coercion means the use of force by one party or compel a person to enter into a contract. Section 15 of the Contract Act defines ...
Ashoka’s Dhamma. Emperor Ashoka’s edicts tell of a supposed immense public works program. He built thousands of Stupas and Viharas for Buddhist followers, ...
A contract may be discharged in any of the following ways : By performance.By tender of performanceBy mutual consentBy subsequent impossibilityBy ...
India Cultural Tradition Features. The culture of India has been shaped by the long history of India, its unique geography and the absorption of customs, ...
The rationale behind the Minimum Wages Act, 1948 is to empower the Central Government and State Governments to fix minimum wages in ...
Limitations and defects of price mechanism: The major limitations of the price mechanism are as follows: The price mechanism is unable to cope with the ...