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Commercial law
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law and business, principal and agent, Competition law, antitrust law, merchant shipping, standard form contract, legal, adhesion contract , life and accident insurance, bills of exchange, partnership, partnership law, bankruptcy law, corporate attorneys, corporate lawyer, business law, corporate law, law, mercantile law, attorneys, lawyer
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Law
Functional Area : Business Processes |
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About "Commercial law" topic:
Discuss on the areas which focuses on the commercial transactions between business entities. Covered elsewhere are antitrust, business organizations (corporations, partnerships, agencies, joint ventures, franchises, etc.), transportation, credit, banking, and finance.
1 trends
, 6 insight
, 5 debates
, 3 question
on topic: "Commercial law"
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Most of us and the companies approach Banks and Financial Institutions for loans. The reason for the loan may differ from person to person and company to company. All Banks should function in accordance with the guidelines/norms issued by the Banker’s Bank ‘The Reserve Bank of India’. Subject to the lending norms of Reserve Bank of India, the banks and financial institutions sanction loans for different purposes. Though, the Banks and Financial Institutions can lend money even without security, normally, the Banks and Financial Institutions insist for security for the repayment of loan. The fixed assets, receivables etc. can be securities acceptable to the Banks and Financial Instit...
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Rahul
| Commented
| 2 years ago
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RECENT JUDGEMENT OF GUJARAT HIGH COURT IN 2008(1)GLR P.NO. 171 SARFAESI ACT 2002 SEC.13(2)13(14),34,35, CPC ORDER 39 RULE 1&2 AND RULE 11D - OBJECTION REGARDING INHERENT LACK OF JURISDICTION - REJECTION OF PLAINT AT PRELIMINARY STAGE- NOTICE BY...
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Samar Inam Khan
| Commented
| 2 years ago
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Without any hesitation or fear i would like to say that nane of ythe abovesaid laws are being into practice by that bank, the basic practice is that to threat the borrower by calling him, even stating that they are lawyers, judge or police...
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Vijetha. Bhat
| Commented
| 2 years ago
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Sir, whatever you are saying is correct. One can complain with police, senior police,if not high court... But how can a borrower,who took loan for satisfying his need afford all these proceedings?????
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Insight: "Debt Recovery Laws - an understanding" deleted from your view.
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A worth article on a number of decisions which a law firm may be forced to take....
Insight: "Four critical Law Firm decisions" deleted from your view.
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Yes
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8
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6
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No
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atul kumar sinha
| Argues in support of
"No"
| 1 year ago
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yes why should we? u see and analyse remedy ..go to root of matter ..see statutes ..examine case laws and press yr reliefs ..one thing one has to be clear ..abt reliefs claimed and remedy sought ..of course one has be concious of his legal rights...
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purushottam awasthi
| Argues in support of
"Yes"
| 2 years ago
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You r right wasim but your points itself prove that people are losing faith. The reason is old(like IPC, CPC, Cr.P.c.) and unreal laws(like dowry prohibition act), pathetic implementation and dilatory system of justice. we need better legislators...
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SR Sham Sunder
| Argues in support of
"Yes"
| 3 years ago
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Is this hatred of whole families being engaged and finally none is the gainer - still there? I believe it is only in some old movies I had seen this kind of people. We can not correct fanatics. We can only speak about normal people. Your...
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Debate: "People are losing faith in Law" deleted from your view.
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All Agreement are contract
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0
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But all contract are not agreement.
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Shashi Bhushan Sharma
| Argues in support of
"All Agreement are contract "
| 1 year ago
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All agreement are not Agreement.
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Debate: "Business Law" deleted from your view.
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Praveen
| Answered
| 1 year ago
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More information on http://www.helplinelaw.com/docs/index.php. What is need know for you read and under stand for Business/Commercial Law.
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Anoop Gupta
| Answered
| 1 year ago
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Its more or less what manjunath said..... but will share a link which will give you more insight.... http://interpretationofstatu tes.blogspot.com/2010/05/chapter-17-meaning-of-colorable.html ...
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Answer: "what is colourable lagislation, in commercial law, chapter constitution of india , please understand me clearly" deleted from your view.
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what is colourable lagislation
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Praveen
| Answered
| 1 year ago
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"Commercial Law is the body of law which regulates corporate contracts, hiring practices and the manufacture and sale of consumer goods as well as commercial transactions between business entities. hg.org/commerc.html" http://helplinelaw.com/us...
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Vikram Dev
| Answered
| 1 year ago
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Kalpana post some understandable questions .... Would be better if you keep it clear....
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Answer: "in commercial law" deleted from your view.
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In india the regulatory lists are so interlinked with many clauses hyperlinked at different places it needs real involvement to be an indian bussinessman
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Abhishek Purwar
| Answered
| 2 years ago
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To be successful HR Manager, a degree in law is highly recommendable.
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C Nijagunaradhya
| Answered
| 2 years ago
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POSITIVE ATTITUDE is the major thing which is essentially needed to be a successful businessman in todays competitive world. Of course a degree in law is always good and there are business man who came through this route. But I would first...
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Answer: "Do you need a degree in Law to be a succesfull Business man in India?" deleted from your view.
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4. “No consideration, No contract” Explained with exceptions We enter into contracts so many times in a day that ‘contract’ has become an indispensable part of our life. When you purchase milk or newspaper in the morning or go to movie in the evening, you are entering into a contract. Indian Contract Act really codifies the way we enter into a contract, execute a contract, implement provisions of a contract and effects of breach of a contract. Basically, a person is free to contract on any terms he chooses. The Contract Act consists of limiting factors subject to which contract may be entered into, executed and breach enforced. It only provides a framework of rules and regulations which gov...
Insight: "Basic Laws For Managers and Management Students. Part 4(Last)" deleted from your view.
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In day-to-day commercial transactions, we will enter into many agreements or contracts. While certain agreements are prepared mechanically and get executed, certain other agreements require careful consideration of many things. For example, a sale agreement contains standard clauses and in many cases it is prepared mechanically barring the change in name of the parties, the schedule, the consideration etc. And, again, it is not the case with a complicated lease transaction which contains many details. The agreement or the contract is the basis for the parties concerned to protect their rights by approaching a court of law in case their rights under the agreement are violat...
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Basab Ghosh
| Commented
| 2 years ago
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Informative article. Just wanted to point out that this happens because of the Indian propensity for trying to gain an undue advantage over the other party by couching the agreement language in legalese jargon, and the Indian judicial system...
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S. Muralidharan
| Commented
| 2 years ago
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In any Agreement, are the witnesses legally liable for breach of trust between the parties? Are Guarantors equally liable in case the parties fail to perform?
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Insight: "Drafting agreements?" deleted from your view.
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Yes
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47
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66
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No
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Shailaja Setty
| Argues in support of
"No"
| 2 years ago
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yes u r right Mandeep. This program is not to be banned.
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Vikram S. Barwal
| Argues in support of
"Yes"
| 2 years ago
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The show is excellent no need to ban it. Its viewer who don't like the show go for some sas-bhahu drama or some comedy show its your wish. Keep going. Regards Vikram S. Barwal Photographer www.vikrambarwal.com Mobile:9930304182
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Alka Thakur
| Argues in support of
"Yes"
| 2 years ago
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Are we learning anything from this program? Are we gaining anything by knowing other people's personal confessions and doings??
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Debate: "'Sach Ka Samna' TV show challenged in High Court: Should this be Banned?" deleted from your view.
Other knowledge matching "Commercial law" topic
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296 referals
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the old geezer writes again. here's a more non physical view of the 'second law of thermodynamics' (SLOTD). the law of entropy, or the SLOTD comprises one of the most fundamental laws of physics. it is also viewed as 'the law of disorder'. it is a straight forward law which states that in a closed system, you can't finish any physical process with as much useful energy as you had started with - some of it will always be wasted. this means that a perpetual motion machine is impossible - it will require doses of energy to continually go on. entropy (subject of the second law) energy (subject of the first law) and their relationship are fundamental to an undersatnding of not only physics, but of LIFE itself. many of us, even today, feel that having aquired the basics (in school), grads, post grads professional degrees / diplomas / skills (in various colleges), a few years of work ex, and a health looking network, our job is done. that would loosely relate to the first law - in that we...
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WE HAD A GOOD NUMBER OF INVENTORS WITH GREATER VISION ABOUT THE SOCIETY. INVENTORS HERE NEED NOT BE A PATENTED. BUT IT SHOULD HAVE BEEN A BREAK THROUGH IN A PARTICULAR INDUSTRY. EG. 1. FILM-SATYAJIT RAY, 2. WIRELESS TELECOMMUNICATION-J.C.BOSE 3.......
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4 referals
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217 views
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World IP Day, 26 April: "The Power of Ideas as the seedbed for innovation and creativity" "World Intellectual Property Day is an opportunity to encourage people to think about the role played by intellectual property in everyday life, and about its importance in stimulating and safeguarding innovation and creativity. This year we celebrate the starting point of all intellectual property, the seeds from which all innovations and creative works grow – ideas." WIPO member states decided, in 2000, to designate a World Intellectual Property Day to raise awareness of the role of intellectual property in our daily lives, and to celebrate the contribution made by innovators and artists to the development of societies across the globe. April 26 was chosen as this was the date on which the Convention establishing WIPO entered into force in 1970. Significance of World IP Day To raise awareness of how patents, copyright, trademarks and designs impact daily life To increase understanding of how...
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24 referals
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17 comments,
11573 views
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NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE MOBILE.09325226691, 09271971251 e.mail.adv.nbsawant@yahoo.co.in e.mail.nandkumarbs@sify.com REGARDING THE DISHONOUR OF CHEQUES AND FALSE CRIMINAL CASES FILED AGAINST ACCUSED UNDER NEGOTIABLE INSTRUMENTS ACT.SEC.138 KINDLY NOTE THAT. 1.KINDLY NOTE THAT THE LAW PROVISIONS OF NEGOTIABLE INSTRUMENTS ACT SEC.138 ARE OFTEN MISUSED BY THE BANKS AND COOPERATIVE SOCIETIES AND CREDITORS AND PRIVATE MONEY LENDERS TO HARASS THE PERSON ISSUING THE CHEQUES.THESE FINANCERS COLLECT IN ADVANCE SIGNED BLANK CHEQUES OR POST DATED CHEQUES FROM THE BORROWERS AS SECURITY FOR LOAN. 2 BUT IN MOST OF THE COURT CASES THESE CHEQUES ARE MISUSED AND A FALSE CASE IS FILED IN COURT UNDER N.I.ACT SEC.138 FOR DISHONOUR OF CHEQUE 3 THERE IS A TENDENCY TO RECOVER EXCESS INTEREST AT HIGHER RATE THAN AGREED AND ALSO TO RECOVER PENAL INTEREST AND COURT CHARGES ,FEES FROM THE PERSON ISSUING CHEQUES. 4 HENCE FOR THE KNOWLEDGE OF COMMON PERSONS WHO ARE INVOLVED IN FALSE...
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Recovery of its due has been a hectic exercise for the Banks in the absence of a special legislation. ‘Non-performing Assets’ were growing and a need was felt to reduce the ‘Non-performing Assets’ of the Banks drastically. As the recovery through Courts was a difficult exercise for the Banks, initially, a special legislation called ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’ was enacted creating a Special Tribunal called ‘Debt Recovery Tribunal’. Under the Act, the Banks are entitled to approach the Tribunal by filing an ‘Original Application’ which is similar to filing a suit in Civil Court proceedings. However, unlike the ‘Civil Court’ which is supposed to follow the ‘Civil Procedure Code’, a special and simple procedure has been prescribed under ‘The Recovery of Debts due to Banks and Financial Institutions Act, 1993’. At the end of adjudication, the Tribunal is supposed to grant a certificate called ‘Recovery Certificate’ infavour of the Bank...
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