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 ...

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 ...

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

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 ...

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 ...

Section 2(70) define the term prospectus in these word, a prospectus mean any document described or issued as prospectus and includes a red-herring prospectus ...