In today’s business world, knowing about contractual obligations is key. It’s a big part of contract law. A contractual obligation is about the duties, responsibilities, and promises each party must keep to meet the contract’s goals. It’s the heart of any contract, setting out the rules for how parties will work together. Managing contracts well […]
The Indian Contract Act, 1872, is a key law in India that covers contracts. Section 28 is important because it stops people from making deals that limit their legal rights. This ensures everyone can get justice and solve problems under the Act. Key Takeaways Section 28 of the Indian Contract Act, 1872, bars agreements that
A contract of sale is a key document in real estate deals. It lists the sale’s terms, like the price and payment plans. It’s vital to know what makes a contract legal and binding. In the U.S., sales contracts for items over $500 need to be written, thanks to the Uniform Commercial Code (UCC). India’s
Contract costing is a way to track costs for big, long-term projects. It’s key for managing finances well. With this guide, businesses can better manage their money and make smart choices. In fields like construction, engineering, and shipbuilding, contract costing is a big deal. The construction sector uses it the most, making up about 40%
We will give you a detailed look at Section 54 of the Transfer of Property Act. It explains what it means to sell immovable property and what’s needed for a sale to be valid in India. This act is key for property deals in India, and knowing it is vital for buyers and sellers. A
The CGST Act 2017 has rules for refunding tax paid under GST. Section 54 is key in this act. It covers refunds for GST and tax, important for those who paid too much or are due a refund. Under the CGST Act 2017, you must apply for a refund within two years. The date for
Section 2 of the Companies Act 2013 is key. It defines important terms used in the act. Knowing these definitions helps companies follow the law. The Companies Act 2013 is a big change from the 1956 act. It aims to make companies more transparent and accountable. Section 2 is a core part of this effort.
We will explore the importance of Section 52 of the Companies Act 2013. This section deals with the share premium account in India. It’s key for companies as it sets rules for using premiums from share sales. This ensures the securities premium account is used correctly. Section 52 of the Companies Act 2013 is vital
We will explore Section 232 of the Companies Act 2013. This is a key part of Indian corporate law. It deals with how companies merge or amalgamate, focusing on the Companies Act 2013 and its role in corporate law. As we dive into Section 232, we’ll see its importance in mergers and amalgamations. We’ll also