General lien of bankers, factors, wharfingers, attorneys and policy-brokers Bankers, factors, wharfingers, attorneys of a High Court and policy-brokers may, in the absence of a contract to thecontrary, retain as a security for a general balance of account, any goods bailed to them; but no other persons have a right to retain, as a security […]
Bailee’s particular lien Where the bailee has, in accordance with the purpose of the bailment, rendered any service involving the exercise of labour or skill in respect of the goods bailed, he has, in the absence of a contract to the contrary, a right to retain such goods until he receives due remuneration for the
When finder of thing commonly on sale may sell it When a thing which is commonly the subject of sale is lost, if the owner cannot with reasonable diligence be found, or if he refuses, upon demand, to pay the lawful charges of the finder, the finder may sell it—(1) when the thing is in
Clawback is a provision under which money that’s already been paid out must be returned to the employer or the firm. This is a special contractual clause, used mostly in financial firms, for money paid for services to be returned under special circumstances or events as stated in the contract. Clawbacks involve a penalty, making
The Rajasthan Farm Loan Waiver Scheme has been launched to waive off crop loans for the farmers in the state. The main objective of the scheme is to give benefits to the farmers in buying crops, harvesting and other farm-related activities and also reduces the crop loans. This scheme will be led and supervised by
The Government of India started a new initiative of Startup Scheme in 2016. Its primary objective is to promote the growth of the start-ups in India. Under this scheme, the government’s main motive is to robust the start-ups in India as they want to create jobs for others instead of job seekers. It is under the
When the Companies Act, of 1956 was in effect, public companies may offer loans, guarantees, and securities if they acquired prior authorization from the Central Government. The companies used to borrow cash and pass them on to subsidiaries and other related companies via inter-corporate loans. When it came to complying with the terms of the loan
The National Company Law Tribunal or NCLT is a quasi-judicial body in India adjudicating issues concerning companies in the country. It was formed on June 1, 2016, as per the provisions of the Companies Act 2013 (Section 408) by the Indian government. National Company Law Tribunal is the outcome of the Eradi Committee. NCLT was
Right of finder of goods, may sue for specific reward offered The finder of goods has no right to sue the owner for compensation for trouble and expense voluntarily incurred by him to preserve the goods and to find out the owner; but he may retain the goods against the owner until he receives such
Right of third person claiming goods bailed —If a person, other than the bailor, claims goods bailed he may apply to the Court to stop the delivery of the goods to the bailor, and to decide the title to the goods Practice area’s of B K Goyal & Co LLP Income Tax Return Filing |
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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