Force Majeure- Basics and its Essentials
Force Majeure is a common clause in contracts that essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such…
Dormant V/s Defunct Companies
What is dormant Company? In common parlance, the word “Dormant” means inactive or inoperative. Dormant company is defined under section 455 of the companies act,2013. As per Companies act Dormant…