Economically weaker sections bill 2019

The Government of India (GoI) passed the Economically Weaker Sections (EWS) Bill in January 2019 to provide support and opportunities. The EWS bill supports by increasing employment opportunities and benefits by providing 10 % reservation for an appointment in educational institutions.  Further, the reservation also applies to civil posts and civil services, if the individual […]

Industrial License

As part of the efforts to ensure ease of doing business, the Department for Promotion of Industry and Internal Trade (DPIIT) has introduced an enhanced DPIIT G2B Portal. The DPIIT vide its notification has announced that the entrepreneur can now apply for Industrial License under IDR Act 1951 and Industrial License under Arms Act 1959

Trade License in Rajasthan

Trade license is an important document that allows you the right to operate your business in a particular municipal limit. The provision of a trade license is laid down by the State government to monitor and regulate various trade activities within a city. entrepreneur with dreams of starting your business empire in the vibrant state

Section 70 – THE INDIAN CONTRACT ACT, 1872

Obligation of person enjoying benefit of non-gratuitous act Where a person lawfully does anything for another person, or delivers anything to him, not intending to do so gratuitously, and such other person enjoys the benefit thereof, the latter is bound to make compensation to the former in respectof, or to restore, the thing so done

Section 69 – THE INDIAN CONTRACT ACT, 1872

Reimbursement of person paying money due by another, in payment of which he is interested A person who is interested in the payment of money which another is bound by law to pay, and who therefore pays it, is entitled to be reimbursed by the other.IllustrationB holds land in Bengal, on a lease granted by

Section 68 – THE INDIAN CONTRACT ACT, 1872

Claim for necessaries supplied to person incapable of contracting, or on his account If a person, incapable of entering into a contract, or any one whom he is legally bound to support, is suppliedby another person with necessaries suited to his condition in life, the person who has furnished suchsupplies is entitled to be reimbursed

Section 67 – THE INDIAN CONTRACT ACT, 1872

Effect of neglect of promisee to afford promisor reasonable facilities for performance If any promisee neglects or refuses to afford the promisor reasonable facilities for the performance of hispromise, the promisor is excused by such neglect or refusal as to any non-performance caused thereby.IllustrationA contracts with B to repair B‟s house.B neglects or refuses to

Section 66 – THE INDIAN CONTRACT ACT, 1872

Mode of communicating or revoking rescission of voidable contract The rescission of a voidable contract may be communicated or revoked in the same manner, and subject to the same rules, as apply to the communication or revocation of a proposal Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income

Section 65 – THE INDIAN CONTRACT ACT, 1872

Obligation of person who has received advantage under void agreement, or contract that becomes void When an agreement is discovered to be void, or when a contract becomes void, any person who has received any advantage under such agreement or contract is bound to restore it, or to make compensation for it to the person

Section 64 – THE INDIAN CONTRACT ACT, 1872

Consequences of rescission of voidable contract When a person at whose option a contract is voidable rescinds it, the other party thereto need not perform any promise therein contained in which he is promisor. The party rescinding avoidable contract shall, if he have received any benefit thereunder from another party to such contract, restore such