Dishonour of a cheque by banker. It is in the following cases that a banker must refuse to honour his customer's cheques: When the customer himself has ...

A negotiable instrument may be transferred either by negotiation or by assignment. Negotiation means, 'transferring of an instrument from one person to ...

The payment of the amount due under a negotiable instrument must amount to 'payment in due-course' in order to operate as a valid discharge of the instrument ...

Responsibility for Payment of Wages (Section 3). Every employer shall be responsible for payment to persons employed him of all wages required to be paid ...

Mode of Payment of Wages : All wages must be paid in current coins or currency notes. However, the employer may, after obtaining written authorization of the ...

Allocable Surplus :  Allocable surplus means: In relation to an employer, being a company (other than a banking company) which has not made the arrangements ...

As a general rule, the income earned in the previous year is taxed only in the assessment year but in the following cases, the income earned is taxed in the ...

E -filing is a key feature of the MCA -21 project of Ministry of Corporate affairs. The major benefits of e-filing are the ease of interaction with all ...

Deemed Prospectus. Section 25 provides that any document by which the offer for sale of shares or debentures to the public is made shall for all purposes be ...

A partner cannot be ordinarily expelled from the firm by any majority of the partners. But, if need arises, expulsion may be done while satisfying the ...