Mercantile agents: Such agents are also called functional middlemen. Their work is to operate on behalf of the owners. The functions performed by them are ...

Section 5 of the Negotiable Instruments Act defines a bill of exchange as 'an instrument in writing containing an unconditional order, signed by the maker, ...

Section 14 of the Negotiable Instrument Act defines negotiation as When a Promissory Note, Bid &Exchange or Cheque is transferred to any person, sous to ...

Inchoate Instrument means an incomplete instrument. The drawer/ maker/ acceptor/ endorser of a negotiable instrument may sign and deliver the instrument to ...

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 ...

Lien means right to retain possession of goods until some debt or claim is settled. Right of lien arises by statute, or by contract, or by general course of ...

A surety is vested with a lawful authority either against the creditor or against the principal debtor or against co-surety only when he discharges his ...