Mayank Bansal

3rd Year Law student at National Law University, Sonepat.

Debt Recovery Laws in India

Debt Recovery Laws in India

In our day-to-day life, we enter into numerous financial transactions involving significant amounts of money and other ailed components. With the increasing commercialization and globalization, the transfer of money has become an absolute necessity and all the entities ranging from small shopkeepers to large-scale businessmen are taking loans and other financial assistance to survive in …

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Doctrine of Pith and Substance

Doctrine of Pith and Substance

The constitution of India is based on the principle of Federalism where the powers of making laws are divided between the Union Parliament and the state legislatures. This power is derived from the 7th schedule of the constitution which assigned specific subjects to the Union Parliament, state legislatures and both. These subjects are provided in three …

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Rights of Unpaid Seller

Rights of unpaid seller

There are different types of contracts under business law and in every contract of sale, consideration is of utmost importance as it is the essential element of a valid contract. When some goods and services are sold with free consent, the buyer is under an obligation to pay the requisite amount. This is a reciprocal …

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Steps in Formation of a Company

formation of a company

Nowadays, a large number of people, ranging from foreign nationals to Indian Residents, want to invest and start their business in India. There are mainly 2 reasons behind that – firstly, the Indian economy is growing at a commendable pace and secondly, India has a diverse population, which makes it attractive for a large pool …

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Various Types of Companies under Companies Act

Various Types of Companies under Companies Act

In our country, various forms of business organizations are followed, such as sole proprietorship, partnership, limited liability partnership, company, etc. However, with the rapid growth of the economy, the “company” form of business organization gained significant popularity, and other forms started fading away gradually. There are various types of companies that may look quite similar, …

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