S. 116. Effect of holding over.—If a lessee or under-lessee of property remains in possession thereof after the determination of the lease granted to the lessee, and the lessor or his legal representative accepts rent from the lessee or under-lessee, or otherwise assents to his continuing in possession, the lease is, in the absence of an agreement to the contrary, renewedfrom year to year, or from month to month, according to the purpose for which the property is leased, as specified in section 106. Illustrations (a) A lets a house to B for five years. B underlets the house to C at a monthly rent of Rs. 100. The five years expire, but C continues in possession of the house and pays the rent to A. C's lease is renewed from month to month.
Calculate the inventory turnover ratio:
In accordance with the recently published discussion paper on Introduction of Expected Credit Loss Framework for Provisioning by Banks on which of the b...
A setup in which group of individuals or entities decides to pool resources towards fulfilling a debt or financing a single borrower wherein the setup i...
Which of the following statements is/are correct regarding Securities and Exchange Board of India (SEBI)?
1)SEBI is the regulatory body for capit...
A current account maintained by a domestic bank with a foreign bank, in a foreign country is known as?
Which of the following is a common method of buying bullion?
1) Purchasing bullion from a pawn shop.
2) Investing in a bullion-backed exch...
Sustainable Alternative Towards Affordable Transportation (SATAT) initiative launched in October, 2018 envisages setting up of _________ Compressed Bio...
What is the role of the Insurance Regulatory and Development Authority of India (IRDAI) in the insurance sector?
What does acronym BCSBI stand for?
Which of the following is/are true about the Employees' Provident Fund Organisation (EPFO) in India?
1)EPFO manages three schemes - the Employees...