News & Insights

The Ministry of Corporate Affairs, Government of India, has recently notified the Companies (Meetings of Board and its Powers) Second Amendment Rules, 2019 (���Amendment�۝), through a notification dated November 18, 2019, for amendment of Rule 15 of the Companies (Meetings of Board and its Powers) Rules, 2019 (���Rules�۝), which provides for the conditions governing contractual arrangements by a company governed by the Companies Act, 2013 (���Act�۝) with a related party.

The Hindu Minority and Guardianship Act 1956 (���HM Act�۝) inter-alia governs a hindu minor�۪s interest in an immovable property, and the rights of the guardian of the minor to enter into a contract in respect of the minor�۪s property. Bar on Minors to enter into a contract The Indian Contract Act, 1872 (���Contract Act�۝) frames and validates the contract or agreement made between parties.

Title is the right of ownership and possession of a particular property. So, to ���quiet title�۪ means to take action in order to establish a person�۪s title to��a property, against anyone and everyone, and thus ���quiet�۪ any challenge or claim to title to a property.

Principal and Agent under the Indian Contract Act, 1872�� Section 182 of the Indian Contract Act, 1872 (���Contract Act�۝) defines an agent as a person employed to do any act for another, or to represent another in dealings with third person (���Agent�۝). Section 182 of the Contract Act defines principal as the person for whom the said act is done or so represented (���Principal�۝).