The document discusses the transfer of property under Indian law. It defines transfer of property and outlines different types of transfers including sale, gifts, and inheritance. It describes how ownership of goods is transferred, including rules for specific goods, unascertained goods, and exceptions where non-owners can transfer valid title. Key points covered include how risk and legal claims change with ownership, requirements for valid appropriation of goods, and circumstances where sellers or buyers in possession can transfer good title.
The presentation TRANSFER OF PROPERTY ACT, 1882 includes the object of the Act, property, transfer, nature of transfer, kinds of transfer, the difference between movable and immovable property etc.
this presentation explains important concepts/definitions of
PROPERTY, ITS KINDS, IMMOVABLE AND MOVABLE
PROPERTY, LAND, INSTRUMENT, ATTESTED,
REGISTERED, and ACTIONABLE CLAIMS
1. Property – dictionary meaning
2. Property in legal theory
3. Property as defined in jurisprudence
4. Theories of property
- Hugo Grotius
- Samuel von Pufendorf
- John Locke
- Marxian theory
Transfer of Property Act, 1882
Broadly two types of property transfers
Position of TP Act
The presentation TRANSFER OF PROPERTY ACT, 1882 includes the object of the Act, property, transfer, nature of transfer, kinds of transfer, the difference between movable and immovable property etc.
this presentation explains important concepts/definitions of
PROPERTY, ITS KINDS, IMMOVABLE AND MOVABLE
PROPERTY, LAND, INSTRUMENT, ATTESTED,
REGISTERED, and ACTIONABLE CLAIMS
1. Property – dictionary meaning
2. Property in legal theory
3. Property as defined in jurisprudence
4. Theories of property
- Hugo Grotius
- Samuel von Pufendorf
- John Locke
- Marxian theory
Transfer of Property Act, 1882
Broadly two types of property transfers
Position of TP Act
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. PGPSE is a very rigorous programme, designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
A basic guide to property law. Since this is based on common law and applies to the law of the land - please check your state property statutes for modern codes. This is intended for law students and builds a foundation for the law of property law - each states laws vary. Thank you!
Looking to transfer a property? Property transfer is a complicated process and one shall be aware of the laws and practices. Additionally, one should know what kind of properties can be transferred and what kind of properties can not be transferred. Find out in this document.
identification of goods, when identification occurs, title from non-owners and its exceptions, risk of loss in case of sale on approval, consignment, absence of breach, presence of breach.
Special contracts,indemnity,guarantee,bailment,Pledge, agency, modes of creation of agency, sale of goods, hire purchase, rules of transfer of property in goods, delivery of goods, rights of an unpaid seller, auction sale, agency by estoppel,ratification,operation by law, express agreement, implied authority, agency by holding out, agency by necessity, Calicut MBA, MG University MBA
Business Law unit-3 - sale of goods act 1930 and Consumer Protection Act 1986Balasri Kamarapu
Business Law unit-3 - sale of goods act 1930 and Consumer Protection Act 1986.
SALE OF GOODS ACT 1930
Contract of Sale: Essentials of Valid Sale - Sale and Agreement to Sell – Definition and Types of Goods - Conditions and Warranties - Caveat Emptor - Exceptions - Transfer or Passing of Property: Time When Property Passes, Rules of Transfer of Property, Transfer of Ownership - Sale by Non-Owners and its Exceptions - Unpaid Seller - Rights of Unpaid Seller.
Consumer Protection Act 1986: Definitions of Consumer – Person – Goods - Service –Consumer Dispute - Unfair Trade Practice - Restrictive Trade Practice – Defect - Deficiency – Consumer Protection Councils - Consumer Dispute Redressal Agencies - District Forum – State Commission and National Commission - Procedure to Lodge a Complaint for Redressal – Appeals.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
2. Introduction
According to the Transfer of
Property Act 1882,
“Transfer of Property“ means an act by
which a person conveys property to one or
more persons. The act of transfer may be
done in the present or for the future. The
person may include an individual, company
or association or body of individuals, and any
kind of property may be transferred, including
the transfer of immovable property.
3. Transfer of property
Sale is the first step in the “
TRANSFER OF PROPERTY IN
GOODS “ by the seller to the buyer.
The Phrase “ TRANSFER OF
PROPERTY IN GOODS “ means
Transfer of ownership of the Goods
from one person to another.
4. Transfer of property(contd..)
Property in Goods is different from
Possession of Goods.
Possession of Goods refers to the
custody over the Goods whereas
Property in Goods means ownership
over the Goods.
5. Importance of transfer of
property
Risk follows ownership
if property has passed to the buyer,
he becomes the owner of the goods
and then the risk of destruction,
damage or loss.
Action against third parties
if goods are damaged by action of
third parties, only owner of goods can
take the action.
6. Importance of transfer of
property(contd..)
Suit for price
Seller become entitled to recover price
of goods only when property in goods
has passed to buyer.
Insolvency
If the ownership has passed to buyer
and buyer became insolvent, buyer’s
official receiver can take possession of
goods or vice versa...
7. Time when property passes
1)Specific or ascertained goods.
2)Unascertained goods.
8. Specific or ascertained goods
Goods that are existing at the time of
contract of sale and it is identified and
agreed upon time of sale.
Section 19 of Sale of Goods Act
provides “Where there s a contract for
sale of specific or ascertained
goods,the property in them is
transferred to buyer at such time as
the parties to contract intend to be
transferred”.
9. Rules as regards ascertaining
goods (sec.20-24)
1)Passing of property at time of
contract
When there is a unconditional contract
for the sale of goods in a deliverable
state, The property in goods passes to
buyer when contract is made. The
payment of price of delivery does not
prevent property in goods passing at
once.
10. Passing of property delayed beyond
date of contract
Goods not in deliverable state
Something has to be done by the
seller to put them in a deliverable
state, property passes only when
such thing is done, and the buyer
has notice thereof.
11. Passing of property delayed
beyond date of contract(contd..)
When price of goods to be
ascertained by weighing or
measurement
Where there is a contractor for the sale
of specific goods in a deliverable state
but seller is bound to weigh, test or do
some other thing with reference to them,
for ascertaining the price, the property
does not pass till such act or thing is
done and the buyer has notice of
it.(sec.22).
12. Unascertained or future goods
(sec.23)
There is a contract for the sale of
unascertained goods, property in the
goods in not transferred to the buyer
unless and until the goods are
ascertained.(sec18).
Process of ascertainment involves
separating, weighing, measuring,
counting.
13. Unascertained or future
goods(contd..)
Sale “On Approval” or Sale or
Return” basis
Where goods are delivered to the
buyer ‘on approval’ or on ‘Sale or
return’ or similar terms, the property
passes to the buyer:
14. Unascertained or future
goods(contd..)
Essentials of valid appropriation
1.The appropriation must be of goods
answering contract description.
2.The appropriation must be intentional.
3.The appropriation must be made either
by seller with the assent of buyer or
by the buyer with the assent of seller.
4.The appropriation must be unconditional.
15. Unascertained or future
goods(contd..)
Delivery to carrier[sec.23(2)].
Delivery to a carrier without reserving
the right of disposal is a delivery to the
buyer
and the property passes at once at a
time of delivery to the carrier.
Reservation of right of
disposal(sec.25)
Reserving a right to dispose of the
goods until certain conditions(like
payment of price) are fulfilled.
16. Transfer of title by Non-owners
(sec.27-30)
Transfer of title by Non-owners
(sec.27-30)
The general rule is that only the
owner of goods can transfer a good
title. No one can give better title than
he himself has. This rule is expressed
by the maxim “Nemo dat quod non
habet,” which mean “that no one can
give what he himself has not.”
17. Exception of the rule
Sale by mercantile agent.(sec.27)
It as an agent having in the customary
course of business as such agent
authority either to sell goods for the
purpose of sale, or to buy goods, or to
raise money on the security of goods.
18. Exception of the rule(contd..)
Sale by a joint-owner.(sec.28)
Several joint owners of goods has the
sole possession thereof, with the
consent of the others, any purchaser
from such person, for value without
notice at the time, of the seller’s want
of authority to sell, acquire a good title
thereof against the other joint owners.
19. Exception of the rule(contd..)
Sale by a person in possession
under a voidable contract(sec.29)
A person who has obtained
possession of goods under a contract
which is voidable on the ground of
fraud, misrepresentation, coercion, or
undue influence, can convey a good
title, provided the sale takes place
before the voidable contract is
20. Exception of the rule(contd..)
Sale by a seller in possession of
goods after sale.(sec.30)
A seller having sold goods, continues in
possession thereof or title to the goods,
the transfer by such person or by a
mercantile agent acting for such person,
of the same, by way of sale will pass a
good title to the transferee, if such latter
person has acted in good faith and
without notice of the previous sale.
21. Exception of the rule(contd..)
Sale by buyer in possession of
goods.(sec.30(2))
A person having bought or agreed to buy
obtains, with the consent of the seller,
possession of the goods or of the
documents of title to the goods. The
delivery of such person, of the goods or
documents, pledge or other disposition
thereof will be valid and effective, if the
person receiving the same, acted
bonafide and without notice of the
seller’s lien, if any.
22. Exception of the rule(contd..)
Sale by an unpaid seller.(sec.54(3))
An unpaid of goods who has
exercised his right of the lien or
stoppage in transit can, even though
the ownership in them has passed to
the buyer, resell the goods and convey
a valid to another buyer, though no
notice of re-seller has been given to
the original buyer.