Introduction: The Latin maxim “Qui Approbat non Reprobat” quite literally translates to “the one who approbates, cannot reprobate” or “that which I approve, I cannot disapprove”[1]. The Doctrine of Approbate and Reprobate was established upon the Scottish laws and is Read more
Introduction: The Companies Act of 2013 is an Act of the Indian Parliament that governs the establishment, formation, and operation of companies in India. The Indian Companies Act of 1956 has been replaced with the Companies Act of 2013. On Read more
Introduction: SEBI is a statutory legal body of the Indian Government that was set up on the twelfth of April in 1992. It was acquainted with advanced straightforwardness in the Indian speculation market. Other than its base camp in Mumbai, Read more
Introduction: The Doctrine of Privity of Contract is a very common principle in the common law system. The doctrine states that only the people who are a party to the contract can enforce the same. A stranger cannot file a Read more
Introduction: The term “Consideration” is defined under Section 2(d) of the Indian Contract Act, 1872. Generally, a contract without “consideration” stands declared void under Indian Law, However, under English Law, contracts may be valid even when consideration is not present Read more
Introduction: Shares may be defined as units of ownership representing an equal proportion of a company’s capital. In nature, they are like any other goods. They can also be described as indivisible units of a pre-determined amount, of the capital Read more
Introduction[1]: The term “Company” has not been defined in a legal sense, but in general, Section 2(20) of the Companies Act, 2013 defines the company as a body incorporated under this Act or any other previous law.[2] To get a Read more
Introduction: Under Section 2(h) of the Indian Contract Act 1872, a contract is a legal agreement that is supported by some consideration between two parties. A contract is a legally binding agreement that may be enforced. The commitment offered to Read more
Introduction: A contract is considered as a mutual obligation between two or more parties, based on legal precepts that make a contract mutually binding. A written contract is considered more legally binding than an oral contract. In simple words, a Read more
Introduction: A statutory order is a section of the law that adds to an existing section of the legislation. Statutory order is a type of Subordinate legislation. They are listed by the year they were passed as well as the Read more
Introduction: The Sale of Goods Act, 1930 lays down the law concerning the sale of movable property or goods. This act can be appreciated in consonance with other laws such as the Indian Contract Act, 1872 and Transfer of Property Read more
Introduction: Consideration, one of the most important elements of a contract, also refers to the price in the contract. Section 2(d)[1], Indian Contract Act, 1872, defines consideration as: “when at the desire of the promisor, promise, or any other person Read more