Contract caused by mistake of one party as to matter of fact —A contract is not voidable merely because it was caused by one of the parties to it being under a mistake as to a matter of fact. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax […]
Effect of mistakes as to law A contract is not voidable because it was caused by a mistake as to any law in force in 1 [India]; but a mistake as to a law not in force in 1 [India] has the same effect as a mistake of fact. Practice area’s of B K Goyal
A related party transaction is a two-party contract which is accompanied by a pre-existing business relationship or mutual interest. For example, it would be a related party agreement to have a contract between a major shareholder of a company and the company if such shareholder agrees to renovate the offices of the company. Companies also aim to establish business relationships with parties they
The Ministry of Corporate Affairs (MCA) is a government portal containing details of all the companies incorporated in India. It has details of all the types of companies and Limited Liability Partnership (LLP). One can check the Company registration number, type of company, date of incorporation, charges of a company, directors of the company, etc. from the
The minute of the general meeting is an integral document of the Company, which must be drawn up and kept in the same way as accounting books. The minutes are a summary of the distilled wisdom of the board, their views, thoughts, and aspirations, providing strategic guidance and a blueprint for setting it on a
No height clearance objection certificate (NOC) is issued by India’s Airports Authority according to the Govt. The aim of India’s Ministry of Civil Aviation was to safeguard airspace in and around aerodromes in order to allow safe and regular aircraft activities and to avoid aerodromes to become unusable as a result of the growth of
Due diligence is a relatively common term. Used in business, it broadly refers to the process of investigating and verifying information about a company or investment opportunity. Specifically for compliance teams, it comes up when you consider relationships with new vendors and third parties. Yet it can be difficult to understand what due diligence really
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