Agreements in Restraint of Trade (Section 27):  Section 27 provides that every agreement by which anyone is restrained from exercising a lawful ...

A promise without consideration cannot create a legal obligation. The general rule is that an agreement made without consideration is void. This rule is ...

Void Agreement:  An agreement not enforceable by law is said to be void’ . Thus a void agreement does not give rise to any legal sub-sequences and is ...

National Company Law Tribunal: Section 408 of the Companies Act, 2013 provides that the Central Government shall constitute National Company Law Tribunal ...

Scatter Diagram The esistence of correlation can be shown graphically by means of a scatter diagram Statistical data relating to simultaneous ...

Proxy Means  In any meeting, a member is entitled to attend and vote either in person or by proxy. So a proxy means an authority to represent and vote ...

The Standing Committee acts as an executive arm of the ESI Corporation. It administers the affairs of the ESI Corporation subject to general ...

Contract: Section 2 (h) of the Indian Contract Act, 1872 defines a contract as an agreement enforceable by law. In other words, an agreement which can be ...

Requisites of a Valid General Meeting:  A general meeting of the members is said to be valid when it is properly convened and duly constituted. A ...

Qualifications of Auditors: As per Sections 141 (1) & (2) only a Chartered Accountant (individual) or a firm, where majority of ...