Termination of sub-agent’s authority The termination of the authority of an agent causes the termination (subject to the rules herein contained regarding the termination of an agent‟s authority) of the authority of all sub-agents appointed by him. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | […]
Agent’s duty in conducting principal’s business An agent is bound to conduct the business of his principal according to the directions given by the principal, or, in the absence of any such directions, according to the custom which prevails in doing business of the same kind at the place wherethe agent conducts such business. When
Agent’s duty on termination of agency by principal’s death or insanity —When an agency is terminated by the principal dying or becoming of unsound mind, the agent is bound to take, on behalfof the representatives of his late principal, all reasonable steps for the protection and preservation of theinterests entrusted to him. Practice area’s of
Point of sale (POS) refers to the payment counter in a retail store where customers pay for their purchased goods. When a customer picks out a product and wants to check them out, a culmination of hardware and software helps businesses make those sales. It helps customer management be easier and the time taken is
Export Oriented Units (EOUs) have been defined under the Foreign Trade Policy (FTP) as those units undertaking to export their entire production of goods and services (except permissible sales in Domestic Tariff Area (DTA) for manufacture of goods, including repair, re-making, reconditioning, re-engineering, rendering of services, development of software, agriculture including agro-processing, aquaculture, animal husbandry,
India has always been viewed as a market with enormous opportunities. Being an era of digitisation, many tech start-ups enter the market to capture the online audience. The hyper-growth of online restaurant discovery and food ordering system has paved the way for a lot of food tech startups to emerge in the industry. Zomato, India’s
Debentures are a form of long-term debt instrument issued by a company to raise funds from the public. It is a popular financing tool used by companies for various purposes, including capital expenditure, expansion plans, and debt refinancing. Debentures are a crucial aspect of the corporate world, and their issuance is governed by the Companies Act,
“DIY” everywhere, and you probably already know what it stands for: “do it yourself.” It’s a pretty straightforward-sounding concept. But “DIY” might conjure up totally different images for different people, because really, it can be about so many things. Basically, DIY means that, instead of hiring a professional to do a particular task — or,
When termination of agent’s authority takes effect as to agent, and as to third persons The termination of the authority of an agent does not, so far as regards the agent, take effect before itbecomes known to him, or, so far as regards third persons, before it becomes known to them.Illustrations(a) A directs B to
Revocation and renunciation may be expressed or implied Revocation and renunciation may be expressed or may be implied in the conduct of the principal or agent respectively.IllustrationA empowers B to let A‟s house. Afterwards A lets it himself. This is an implied revocation ofB‟s authority. Practice area’s of B K Goyal & Co LLP Income
CA Bhuvnesh Kumar Goyal
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