Business Law 1 min read
Close Corporation
A close corporation can be considered analogous to a ‘younger brother’ of the company. It is way simpler and quicker…
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Conversion from a Private Company to a Close Company
Various difficulties may arise for a buyer when he tries to obtain a mortgage bond for paying the purchase price.…
Business Law 1 min read
Duties of Separate Legal Existence
A company, after being incorporated, is considered as a separate person in the eyes of the law and the court…
Business Law 1 min read
What is a 501(c) organization?
Non-profit corporations are often referred to as 501(c) organizations, because section 501(c) of the Internal Revenue Code is what grants…
Business Law 3 min read
Business Law – Factories Act
The Factories act was incorporated in 1948. The main objective of the Factories Act is to regulate the conditions of…
Business Law 3 min read
Business Law – Industrial Disputes Act
This act was incorporated in 1947. It extends to the whole of India. The Trade Disputes Act, 1929 was replaced…
Business Law 3 min read
Business Law – Consumer Protection Act
The Consumer Protection Act, 1986 protects the interests of consumers in the market. This act contains the following definitions −…
Business Law 2 min read
Carriage of Goods by Rail
The Railways Act, 1989, governs the carriage by railways. Some of the important aspects of the act are as follows…
Business Law 1 min read
Business Law – The Corporate Veil
It is seen that a company, as a person, has a legal identity of its own. An obvious consequence is…
Business Law 1 min read
Carriage of Goods by Land
The carriage of goods by land is governed by two laws — the Carriage by Road Act, 2007 and the…
Business Law 1 min read
Business Law – Law of Carriage of Goods
The globalization of various markets, international economic integration, removal of barriers in business & trade and increased competition has significantly…
Business Law 2 min read
Business Law – Law of Arbitration
With the increase in the international trade and the economic development of countries, there has also been an increase in…