Section 28 – THE INDIAN CONTRACT ACT, 1872

Agreements in restraint of legal proceedings, void [Every agreement,—(a) by which any party thereto is restricted absolutely from enforcing his rights under or inrespect of any contract, by the usual legal proceedings in the ordinary tribunals, or which limits thetime within which he may thus enforce his rights; or(b) which extinguishes the rights of any […]

Section 27 – THE INDIAN CONTRACT ACT, 1872

Agreement in restraint of trade, void Every agreement by which any one is restrained from exercising a lawful profession, trade or business of any kind, is to that extent void.Exception 1.—Saving of agreement not to carry on business of which good-will is sold.—Onewho sells the good-will of a business may agree with the buyer to

Section 26 – THE INDIAN CONTRACT ACT, 1872

Agreement in restraint of marriage, void Every agreement in restraint of the marriage of any person, other than a minor, is void. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company

Section 25 – THE INDIAN CONTRACT ACT, 1872

Agreement without consideration, void, unless it is in writing and registered or is a promise to compensate for something done or is a promise to pay a debt barred by limitation law Anagreement made without consideration is void, unless—(1) it is expressed in writing and registered under the law for the time being in force

Section 24 – THE INDIAN CONTRACT ACT, 1872

Agreement void, if considerations and objects unlawful in part If any part of a single consideration for one or more objects, or any one or any part of any one of several considerations for a single object, is unlawful, the agreement is void.IllustrationA promises to superintend, on behalf of B, a legal manufacture of indigo,

Section 23 – THE INDIAN CONTRACT ACT, 1872

What considerations and objects are lawful, and what not The consideration or object of an agreement is lawful, unless—it is forbidden by law4 ; oris of such a nature that, if permitted, it would defeat the provisions of any law; or is fraudulent ; or involves or implies, injury to the person or property of

Section 22 – THE INDIAN CONTRACT ACT, 1872

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

Section 21 – THE INDIAN CONTRACT ACT, 1872

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

Related party transactions

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

Company Information Published by MCA

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