February 2024

Himachal Pradesh e-District Portal

Himachal E-district revolutionises citizen-centric services by offering a seamless online platform. It simplifies access to government services, empowering residents with efficient digital solutions. This initiative enhances transparency, accessibility, and convenience, reducing bureaucratic hurdles. E district HP facilitates various services, including certificates, applications, and verifications, minimising physical visits to government offices. Citizens can avail themselves of …

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Take rate

A take rate is how much money a business makes from a transaction. Take rates help companies understand how well the business is doing. Typically, higher take rates indicate that a company is successful because it can generate more revenue. By keeping a close watch on their take rates, companies can make better business decisions …

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Licence for Gamma Irradiation Chamber Facility

This license is required by any person or entity desiring to operate a gamma irradiation chamber facility specified under the Atomic Energy (Radiation Protection) Rules, 2004, issued by AERB. Atomic Energy Regulatory Board (AERB) is a national authority designated by the Government of India having the legal authority for issuing regulatory consent for various activities …

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Working capital

Working capital represents a company’s ability to pay its current liabilities with its current assets. This figure gives investors an indication of the company’s short-term financial health, capacity to clear its debts within a year, and operational efficiency. Working capital is the difference between a company’s current assets and current liabilities. The challenge here is determining the proper category for the vast array …

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Section 10 – THE INDIAN CONTRACT ACT, 1872

What agreements are contracts —All agreements are contracts if they are made by the freeconsent of parties competent to contract, for a lawful consideration and with a lawful object, and are nothereby expressly declared to be void.Nothing herein contained shall affect any law in force in 1[India] and not hereby expressly repealed by which any …

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Section 8 – THE INDIAN CONTRACT ACT, 1872

Acceptance by performing conditions, or receiving consideration Performance of theconditions of a proposal, or the acceptance of any consideration for a reciprocal promise which may beoffered with a proposal, is an acceptance of the proposal. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax …

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Section 7 – THE INDIAN CONTRACT ACT, 1872

Acceptance must be absolute —In order to convert a proposal into a promise, the acceptancemust—(1) be absolute and unqualified;(2) be expressed in some usual and reasonable manner, unless the proposal prescribes the mannerin which it is to be accepted. If the proposal prescribes a manner in which it is to be accepted, and theacceptance is …

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