Mesne profits of property refers to the profits which a person in wrongful possession such immovable property actually received or with ordinary diligence would have received and includes the interest on such profit.However, it does not include profits received by the person in wrongful possession due to improvements made by…
The word company is derived from the Latin word ‘com’ which means with or together and ‘panis’ which means bread. It originally referred to an association of persons who took their meals together. As per S. 3 of the Act, a company means a company formed and registered under the…
The Arbitration and Conciliation Act, 1996 improves upon the previous laws regarding arbitration in India namely the Arbitration Act, 1940, the Arbitration (Protocol and Convention) Act, 1937 and the Foreign Awards (Recognition and Enforcement) Act, 1961.Further, the new statute also covers conciliation which had not been provided for earlier.The Act…
Administrative law is recognised as the most outstanding legal development of the 20th century.The 19th century was characterised by the welfare state wherein there was minimum government control, free enterprise, contractual freedom, etc. Individualistic theories flourished in this period.The state played a negative role. It was primarily a police state…
The consumer is the center of all business activities. In modern days, it is said that the consumer is the king of the market. Business activities are carried out to satisfy, the wants of consumers. A commercial organization totally depends on the customer not only for its survival but also…
