Introduction: According to Section 2(5)[1] of the Companies Act, 2013 the Articles of Association refer to those articles as “originally framed” or “altered” from time to time or applied in pursuance of any previous company law or this Act. However, this definition is vague and ambiguous. A different, better way 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 contract is formed when an individual or a group makes Read more…
Introduction: Section 2(h) of the Indian Contracts Act mentions that any agreement which is enforceable by law is a contract.[1] In addition to this Section 10 of the Indian Contracts Act mentions the requirements of a contract, existence of some consideration, competency of parties, free consent and the object pertaining Read more…