INTRODUCTION Sec 241 deal with application to tribunal for relief in case of oppression, ETC. The terms oppression and mismanagement are not defined under the Companies Act, 2013. These terms are to be interpreted by the court depending upon the facts of each case. Mismanagement refers to practices of managing the company incompetently and dishonestly.…
Section 74. Repayment of deposits, etc., accepted before commencement of this Act. Chapter V (SEC 73-76A) of the Companies Act, 2013 deals with the provisions related to acceptance of deposits by companies. Section 74 of CA 2013 provides for repayment of deposits, etc., accepted before commencement of this Act. Applicability of the provision Section 74…
Introduction: Section 31 of the Indian Contract Act, 1872 says that “a contingent contract is a contract to do or not to do something if some event collateral to such contract does or does not happen.” Section 32 to 36 defines the enforcement and possibilities of the contingent contract. Definition: A contract is a contingent…
Introduction: For a valid contract, its object and consideration should be lawful, according to section 10 of the Indian Contract Act, 1872. Both the object and consideration are essential elements of a contract, and which object and consideration are lawful is described under section 23 of the act. Section 24, says that either whole or…
HISTORY OF CAR TRADE The Company was established as a private limited company on April 28, 2000, in Mumbai, Maharashtra, in accordance with the Companies Act 1956. The Registrar of Companies Maharashtra issued the Company a certificate of incorporation (RoC). After a special resolution adopted by our shareholders at the EGM held on July 31,…
Introduction: GI is used as an indication for products having a specific geographical origin and possesses certain features or it has a reputation due to its indigenous nature. GI tag gives an assurance of quality and distinctiveness which is important attribute to its origin in that particular geographical area. GI products have the potential to…
The fastest-growing express logistics service provider in India, Xpressbees was founded in 2015 and offers end-to-end supply chain solutions. Customers can choose from a full range of last-mile delivery services, reverse logistics, payment collection, drop shipping, vendor management, cross-border services, fulfillment services, and customized software solutions. Several companies, including Alibaba and Innoven Capital, have supported…
There are numerous triumphs and just as many flops in the world of online startups. However, Porter, India’s biggest truck booking service, has a success story to tell. Porter is without a doubt the king of truck booking apps in India. There are many reasons why the business has seen tremendous success in such a…
Many people in India lack access to banking, making it difficult for them to accumulate emergency savings and settle obligations. Low-income households and small businesses that ran out of credit completely over the past few months due to the pandemic are included in the underbanked segment. Then there are start-up companies and small and medium-sized…
INTRODUCTION ‘Sources of Law’ are the origins of laws and can mean the force or validity of the law. Vinogradoff defines the source of law as a way through which the laws are evolved. They are the legally binding regulations that assist in the functioning of the state. The sources of law are very important…
