Archive | Law

Extraordinary general meetings may be called by the directors, the directors on requisition, the requisitionists themselves and by the Company Law Board…

The duties of a secretary relating to the holding of annual general meeting may be enumerated as follows…

The duties of a secretary in connection with the holding of extra­ordinary general meeting may be enumerated as follows…

The chairman of a general meeting is responsible for conducting the business at the meeting successfully. He has prima facie authority to decide all incidental questions which arise at the meeting…

The word ‘Agenda’ literally means things to be done. In relation to general meetings it denotes the programme or the list of the items of business to be transacted at the meeting…

It is another method of creating a charge over the movable assets. Hypothecation implies that the possession and ownership (property) in the goods remain with the borrower (hypothecator) and only…

The term ‘minutes’ means a concise and accurate official record of the business transacted at company meetings. It normally includes only the resolutions actually passed. It is not necessary to record…

A resolution shall be a special resolution when the votes cast in favour of the resolution by members present in person or, when proxies are allowed, by proxy, are not less than three times the…

When a person signifies to another his willingness to do or abstain from doing something with a view to obtain the assent of the other to such act or abstinence, he is said to make a proposal…

When the person to whom the proposal is made signifies his assent thereto it is said to be “accepted” [cl. (b)]. Whether an “offer” has been “accepted” or not, is always a question of fact depending upon the circumstances of each case…

A “void” contract must been distinguished from one which is “illegal” (in the sense that it is either prohibited by law otherwise against the policy of law; sec.23 seq.). Both contracts are unenforceable at law…

An agreement, the meaning of which is not certain or capable of being made certain is void under sec. 29. Law requires parties to make their own contract. If the words used by the parties are vague or indefinite…

An agreement by way of wager is void, with certain exceptions. ‘Wager means a bet. A bet can be laid on anything under the sun. The most common case is of horse racing. Two people lay a bet on horse X…

This is defined by sec. 31 as “a contract to do or not do something, if some event, collateral to such contract does or does not happen”. Quite a good part of commercial business transaction consists of contingent contract…

Short note on Restraint of Marriage, Restraint of Trade and Restraint of Legal Proceedings are…

Two cases of impossibility are provided for by sec. 56: (i) an agreement to do an act which at the time of the contract is impossible in itself; such an agreement is void ; (ii) and agreement to do and act which, after the contract…