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 |
Bailee not responsible on re-delivery to bailor without title —If the bailor has no title to the goods, and the bailee, in good faith, delivers them back to, or according to the directions of, the bailor, the bailee is not responsible to the owner in respect of such delivery Practice area’s of B K Goyal
Bailment by several joint owners If several joint owners of goods bail them, the bailee may deliver them back to, or according to the directions of, one joint owner without the consent of all in the absence of any agreement to the contrary. Practice area’s of B K Goyal & Co LLP Income Tax Return
Bailor’s responsibility to bailee. The bailor is responsible to the bailee for any loss which the bailee may sustain by reason that the bailor was not entitled to make the bailment, or to receive back the goods, or to give directions respecting them Practice area’s of B K Goyal & Co LLP Income Tax Return
Bailor entitled to increase or profit from goods bailed In the absence of any contract to the contrary, the bailee is bound to deliver to the bailor, or according to his directions, any increase or profit which may have accrued from the goods bailed.IllustrationA leaves a cow in the custody of B to be taken
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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9971782649
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