What is a Limited Liability Partnership A Limited Liability Partnership (LLP) is a type of a legal entity in India which has the characteristics of both a partnership firm and company. It is a body corporate having perpetual succession and a separate legal entity distinct from its partners. The liability of each partner is limited....Read More

What is Fraud  When a Party to an Agreement or any of his representative/s commit an act with the intention of deceiving the other party to enter into an Agreement, it is considered as Fraud.  The following acts are considered to be fraudulent:  Suggestion of an untrue fact  Active concealment of a fact  Promise made...Read More

What is Free Consent Two or more persons are said to consent when they agree upon the same thing in the same sense.  Consent is not free when it is caused by coercion, undue influence, fraud, misrepresentation or mistake.  What is coercion Coercion means undertaking any of the following acts with the intention of causing...Read More

What is a Void Agreement  As per the provisions of the Indian Contract Act, a Void Agreement is an Agreement which is not enforceable by law. What are the instances in which an Agreement can be considered as void  An Agreement can be considered as void if any of the following conditions are satisfied:  Parties...Read More

Who is an Authorised Dealer In the context of banking, an Authorised Dealer is a person authorised by the Reserve Bank of India to undertake any dealings in foreign exchange or foreign securities under the Foreign Exchange Management Act, 1999.  What are the various categories of Authorised Dealer The various categories of Authorised Dealer Bank...Read More