Over-subscription Shares Applied  : Number of shares applied is more than the shares offered for subscription.Acceptance : All the applications are ...

Agency is a personal relationship based on mutual trust and confidence between the principal and the agent. Section 190 provides that an agent cannot lawfully ...

As agent is only a connecting link between his principal and third party. He cannot, as a rule, personally enforce the contract entered into by ...

Reserve Capital Meaning : Reserve Capital is that part of the uncalled capital which can not be called up except in the approved circumstances say for the ...

Over Subscription: When the application money is received for more number of shares then the number of shares offered to the public by a company, it is ...

Benefits Under ESI Act: The Act provides for six types of benefits to which the insured persons, their dependents or certain other persons are entitled. These ...

Definition of a Company : Section 2 (20) of the Companies Act, 2013 defines a company as “a company incorporated under this Act or under any previous company ...

Substituted Agent : In some cases, principal asks agent to appoint another person to do some work (which is normally not done by the agent). In such case, ...

An agency is irrevocable in the following cases: Where the agency is coupled with interest . Where the agent has himself an interest in the subject matter of ...

The sign of price elasticity of demand is negative due to inverse relationship between price and quantity. In the words of Lipsey, "Because of the negative ...