n any meeting, the matters which are put for consideration are in the form of proposals and are called ‘motions’. In a meeting, any such ‘motion’ may be ...

Void and Illegal agreement Void Agreement:  According to Section 2 (g), An agreement not enforceable by law is said to be void” such agreements are ...

An offer is made with a view to obtain the assent of the other party to it. If it is accepted, a valid agreement is made, But before being accepted the offer ...

Employees State Insurance Corporation (ESIC): Section 3 of the Employees’ State Insurance Act, 1948, provides for the establishment of Employees’ State ...

The communication of offer and acceptance must be complete so as to bind the concerned parties because as soon as the communication is complete the parties ...

The word ‘proposal’ and ‘offer’ are synonymous and are used inter changeably. Section 2 (a) of the Indian Contract Act, 1872 defines proposal or ...

Interim Dividend. A dividend declared in between two Annual General Meetings of the company by the Board of Directors is known as ‘Interim Dividend’. ...

A Share Certificate is a document which specifies the shares held by any member of the company. It is issued by the company under its common seal. Every ...

Transfer of shares means the transfer of ownership of the shares from one person to another. Transfer of shares is effected by removing the name of the ...

Surrender is a short cut to forfeiture. Surrender of shares means voluntary return of shares by a member to the company. It is a short cut to the long ...