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Also specify the important features of a company. Elaborately explain the essential features of the consumer protection act Also briefly discuss unfair trade practice and restrictive trade practice as discussed under consumer protection Act?
What are the characteristics of negotiable Instrument? Also state the important amendment to be incorporated under sec of the act. Discuss the essential elements of a valid contract. Write short notes on any three of the following. Explain the exceptions in the following. The company has made large profits, but there is a complete deadlock in the management of the company.
One of the shareholders applied for the winding up of the company. Decide at what moment does a winding up by the court commence?
Is it obligatory for a company to file a prospectus or a statement in lieu of prospectus with the Registrar of Companies? Also detail the important features of a company. State Road Transport Corporation, Hyderabad advertised tender notice on calling for tenders for display of advertisements on the buses owned by it.
According to the condition of the Tender Notice, each tender form had to be accompanied by a demand draft for Rs 20 lakhs and tender forms completed in all respects had to be put in the tender box. The accompanying sum of money was the Earnest Money Deposit E.
Clause 10 of the terms provided that the tender will be opened at 3: Clause 14 provided that tenderers will not be permitted to withdraw their tender after the tenders were opened. Clause 15 provided that if the highest tenderer backs out from taking up the agencyfor whatsoever reason, the E.
Aditya mass Communication Private Limited submitted its duly filled tender along with demand draft of Rs. In relation to this tender, another person approached the High Court and got an order restraining the Transport Corporation from proceeding further with the tender.
Following the order, the A.
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State Road Transport Corporation opened the tender box at 3 p. In view of the directions of the High Court, the covers were again placed back in the tender box without opening the seals.
The signature of the tenderers and their agents was taken to this effect. The tenders were not opened to find out the highest bidder. Aditya Mass Communication Private Limited wrote a letter on November 11, stating that no reasons were given to him for non-opening of the tenders and that he could not keep the huge amount of Rs 20 lakhs locked in with all the uncertainty associated with the tender.
It, thus, requested for return of the Earnest Money Deposit.
State Road Transport Corporation replied on November 14, that the Aditya Mass communication had signed on the note recording the proceedings of opening the tender box and putting back sealed covers.
Thus, it could not put up the argument that no reasons for non-opening of the tender was given on it. The letter notified that the tenders would be opened on November 16, at Aditya Mass Communication once again wrote a letter on November 15, that the question of their participation in the opening of tenders did not arise as they asked for the return of E.
State Road Transport Corporation went ahead with the opening of the tender, found Aditya Mass Communication to be the highest bidder and awarded the tender to it.
State Road Transport Corporation following the terms of tender forfeited the earnest money deposit of Aditya Mass Communication. What are the essential features of a tender?
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