TERMINATION OF AGENCY

TERMINATION OF AGENCY-  following are the circumstances  which leads to termination of agency – a)Termination by act of parties 1.By agreement: An agency is generally created by an agreement, it may also be terminated by an agreement so far as future transactions are concerned. Transactions that took place prior to the termination shall continue to bind the principal. However, notice Read More …

Rights and duties of principal towards his agent

We have discussed about rights and duties of agent towards his principal.  now it is essesntial to discuss the  Rights and duties of principal towards his agent – DUTIES OF PRINCIPAL 1. To indemnify the agent:• against consequences of lawful act (sec 222): the employer is bound to indemnify his great against the consequences of all lawful acts done by Read More …

FDI IN LIMITED LIABILITY PARTNERSHIPS (LLPs)

LIMITED LIABILITY PARTNERSHIP ACT, 2008 FDI IN LIMITED LIABILITY PARTNERSHIPS (LLPs) – Foreign direct investment (FDI) is an investment made by a company or individual in one country in business interests in another country. It can be in the form of directly establishing new business(greenfield investment) or in the form of acquiring existing businesses (brownfield investment) Under the current FDI Read More …