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Reconstruction Under S.280: The essential features of this type of reconstruction have been described at 8.2.1(b). It is subject to several disadvantages and is little used.
Important points - Contractual Capacity of Drunken Persons Here the following points should be notice for as: Ratification Well a drunken man who enters into
Powers of Managing Director: Article 109 offers that "the directors may entrust to and confer upon a managing director any of the powers exercisable by them upon s
Collecting Banker Furthermore a collecting banker is protected through the following provisions: like; (i)Bills of Exchange or Swap Act. with S.82 (1) provides such a ban
Mrs. Lanuzzi began smoking in 1951 when she was fifteen. She smoked two packs a day until her death from lung cancer in 1984. She had tried several times, unsuccessfully, to quit.
Liability Of Members: S.72 (1) provides that in the case of a reduction of share capital a member of the company so there past or present and shall not be liable in respect of
Functions of Law: we discuss like, how can be utilized Functions of Law:;- are (i) For Rules of law facilitate administration of justice. It is an instrument used
PROTECTION OF CREDITORS: Where the reduction of capital involves diminution of unpaid capital or repayment to shareholders of paid-up capital, creditors have a statutory right
What is the composition of the legislature Given the composition of the legislature, the strategic voting, the possibility under which the policies and their economic outcomes
Pre-incorporation Contracts: A pre-incorporated contract is an agreement which is entered into, usually by a promoter or promoters, on behalf of a
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