Expiry of prescribed period when court is closed Where the prescribed period for any suit, appeal or application expires on a day when the court is closed, the suit, appeal or application may be instituted, preferred or made on the day when the court re-opens. Explanation: A court shall be deemed to be closed on any […]
Section 4 – LIMITATION ACT, 1963 Read More »
Bar of limitation (1) Subject to the provisions contained in sections 4 to 24 (inclusive), every suit instituted, appeal preferred, and application made after the prescribed period shall be dismissed, although limitation has not been set up as a defence. (2) For the purposes of this Act— (a) a suit is instituted,— (i) in an ordinary
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The AISHE report has been published by the Ministry of Education since 2011. Aim: To portray the status of higher education in the country. The survey covers all the institutions in the country engaged in imparting higher education. Data is being collected on several parameters, such as teachers, student enrollment, programmes, examination results, education finance, and infrastructure. Indicators of educational development such as
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Definitions In this Act, unless the context otherwise requires,— (a) “applicant” includes— (i) a petitioner; (ii) any person from or through whom an applicant derives his right to apply; (iii) any person whose estate is represented by the applicant as executor, administrator or other representative; (b) “application” includes a petition; (c) “bill of exchange” includes a hundi
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Related party transactions, as defined by the Companies Act 2013, involve business dealings between a company and its affiliated entities or individuals. These transactions can raise worries about conflicts of interest and have significant financial implications for the company. The term related-party transaction refers to a deal or arrangement made between two parties who are joined by
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Short title, extent and commencement (1) This Act may be called the Limitation Act, 1963. (2) It extends to the whole of India [***]. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.
Section 1 – LIMITATION ACT, 1963 Read More »
In India, fixed deposit is one of the most popular investment options that help individuals to generate a fixed stream of income without exposing the capital to market fluctuations. The fact that interest accrued on fixed deposits comes under the purview of the Income Tax Act of India 1961 makes it liable for taxation. The
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