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      Created By Shubham Yadav   Meet me on Insta   SUBJECT: BUSINESS STATISTICS     AN INTRODUCTION TO BUSINESS STATISTICS  OBJECTIVE: The aim of the present lesson is to enable the students to understand  the meaning, definition, nature, importance and limitations of statistics.   Kya karoge padke kiska bhala hua hai, Lol “A knowledge of statistics is like a knowledge of foreign  language of algebra; it may prove of use at any time under   any circumstance”……………………………………...Bowley.   STRUCTURE:   ..read more

  HINDU MINORITY AND GUARDIANSHIP ACT, 1956 (ACT NO. 32 OF 1956) An Act to amend and codify certain parts of the law relating to minority of guardianship among Hindus Be it enacted by parliament in the seventh year of the Republic of India as follows:- 1.       Short title and extent.- (1) This Act may be called the Hindu minority and Guardianship Act. (2) It extends to the whole of India except the state of Jammu and Kashmir and applies to Hindus domiciled in the territories to which this Act extends who are outside the said territories. 2.   ..read more

  Maintenance of dependents - (1)  (i) Subject to the provisions of sub-section       (ii) the heirs of a deceased Hindu are bound to maintain the dependents of the deceased out of the estate inherited by them from the deceased.  (2) Where a dependent has not obtained, by testamentary or intestate succession, any share in the estate of a Hindu dying after the commencement of this Act, the dependent shall be entitled, subject to the provisions of this Act, to maintenance from those  who take the estate.  (3) The liability of each of the persons who ..read more

Maintenance Legacy  Maintenance of wife.  (1) Subject to the provisions of this Act, a Hindu wife, who is married before or after the commencement of this Act, shall be entitled to be retained by her husband during her lifetime.  (2) A Hindu wife shall have the right to abstain from her husband, which would disprove her maintenance claim, -  (a) If she is guilty of desolation, she says, to leave her unqualified reasonable cause  For and against his will or against his will, or willfully neglecting him,  (b) if he has treated her with such cruelty to instill in ..read more

  Who is the holder of cheque: The “holder” of a promissory note, bill of exchange or cheque means any person entitled in his own name to the possession thereof and to receive or recover the amount due thereon from the parties thereto. Where the note, bill or cheque is lost or destroyed, its holder is the person so entitled the time of such loss or destruction. The term “holder” as defined in Section 8, would not include a person, who, though in possession of the instrument, had no right to recover the amount due from the parties thereto, such as the finder of a lost instrument payabl ..read more

  When signatures of drawer on cheque do not tally: If signatures on a cheque or at least one of the joint signatures to a cheque are not or is not genuine, there is no mandate on the bank to pay and the question of any negligence on the part of customer, such as leaving cheque-book carelessly so that a third-party could easily get hold of it, wold afford no defence to the bank. If the cheque was dishonoured with the remarks  ‘refer to drawer’ and ‘signatures do not tally’, A case under Section 138 is made out. The question as to whether the signature of drawer did or did not tal ..read more

What are post dated cheques and Travelers cheque Post dated cheque : Both under Indian and English law, a post-dated cheque is not invalid by reason only that it is post-dated but the certification of such a cheque before it is due, is invalid. The mere fact that the date of payment of a cheque is postponed to a future date duees not make the cheque payable “otherwise than on demand” it is payable on demad after the due date. A person who is holder in due course of a cheque without notice of any defect, is entitled to the payment from the drawer. A ‘ post-dated’ cheque is only a bill of ..read more

 NEGOTIABLE INSTRUMENTS ACT, (26 OF 1881) What is a cheaque. Know everything about  cheque. A “cheque” is a bill of exchange drawn on a specified banker and not expressed  to be payable otherwise than on demand and it includes the electronic image of a truncated cheque in the electronic form. Explanation:1 - For the purposes of his section , The expression- (A ) “A cheque in the electronic form” means a cheque which contains the exact mirror image of a paper cheque ,and is generated, written and singed in a secure system ensuring the minimum safety standard with the use of di ..read more

 Go Through this article to know about  "How to file a case in consumer court" Project delays, property frauds, defaults on agreement ― a home buyer would go through these things or more if he somehow ends up buying a project with a wrong or  a defaulter developer. The lengthy trials in courts would only add insult to injury. Therefore, to make things easier, consumer courts had started accepting those real estate cases where the purchased good or services are even less than the value of Rs 1 crore. You don't even need to hire a lawyer for filing a complaint in the ..read more