Question
Which of the following kinds of mortgages involves
transfer of possession of property to mortgagee and also rent collected from the property is deposited with the mortgatee?Solution
(d) Usufructuary mortgage.—Where the mortgagor delivers possession [or expressly or by implication binds himself to deliver possession] of the mortgaged property to the mortgagee, and authorises him to retain such possession until payment of the mortgage-money, and to receive the rents and profits accruing from the property [or any part of such rents and profits and to appropriate the same] in lieu of interest, or in payment of the mortgage-money, or partly in lieu of interest [or] partly in payment of the mortgage-money, the transaction is called an usufructuary mortgage and the mortgagee an usufructuary mortgagee.
Under the Companies Act, what change was made regarding the common seal of a company after the Companies (Amendment) Act, 2015?
Section 17(1) provides that all Executive Magistrates shall be subordinate to—
A Depository Participant (DP), 'Alpha Securities,' received a written directive from the Securities and Exchange Board of India (SEBI) on February 1, 20...
Among the following under which Section of the Act, the rule of last seen together is provided_______
Consider the following statements about Section 72 (breach of confidentiality and privacy):
1. It applies to persons who have secured access to i...
The name of LLP shall consist of-
Which of the following has been repealed under the Indian Contract Act, 1872?
Which of the following Sections deal with specific performance of contracts as per the Specific Relief Act, 1963?
What is the fundamental basis of the theory of natural law?
The first proviso to Section 4B(1) allows extension of the period for which the Director holds office on his initial appointment:
