Business and Industrial Law

Recovery of Gratuity : Section 8 provides that if the amount of gratuity payable under this Act is not paid by the employer within the prescribed time, the ...

According to Section 4 of the Negotiable Instruments Act a promissory note is an instrument in writing containing an unconditional undertaking, signed by the ...

Section 5 of the Negotiable Instruments Act defines a bill of exchange as 'an instrument in writing containing an unconditional order, signed by the maker, ...

A cheque is said to be bounced or dishonored by non-payment when the drawee of the cheque make default in payment upon being required to pay the same. The ...

Section 14 of the Negotiable Instrument Act defines negotiation as When a Promissory Note, Bid &Exchange or Cheque is transferred to any person, sous to ...

Inchoate Instrument means an incomplete instrument. The drawer/ maker/ acceptor/ endorser of a negotiable instrument may sign and deliver the instrument to ...

Dishonour of a cheque by banker. It is in the following cases that a banker must refuse to honour his customer's cheques: When the customer himself has ...

A negotiable instrument may be transferred either by negotiation or by assignment. Negotiation means, 'transferring of an instrument from one person to ...

The payment of the amount due under a negotiable instrument must amount to 'payment in due-course' in order to operate as a valid discharge of the instrument ...

Responsibility for Payment of Wages (Section 3). Every employer shall be responsible for payment to persons employed him of all wages required to be paid ...

Mode of Payment of Wages : All wages must be paid in current coins or currency notes. However, the employer may, after obtaining written authorization of the ...

Allocable Surplus :  Allocable surplus means: In relation to an employer, being a company (other than a banking company) which has not made the arrangements ...

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