Technology Upgradation Scheme for Salt Workers

Technology Upgradation Scheme for Salt Workers India is the third-largest producer of salt in the world after China and USA with an average annual production of about 240 lakh ton. The Salt Commissioner’s Organisation (SCO) in collaboration with the Ministry of…

Essentials of a Valid Offer

Essentials of a Valid Offer A contract is initiated by an offer or proposal. For this purpose, when a contract is formed between two or more parties, the person making the offer is known as the promisor and the person…

Contract Labour Act

Contract Labour Act The Contract Labour (Regulation and Abolition) Act, has been enacted by the Indian Legislature from the year 1970. The act intends to prohibit the employment of contract labour in certain circumstances and to regulate the working conditions…

What is Works Contract

What is Works Contract A contract issued to carry out construction, installation, erection repair, renovation, maintenance, alteration of any movable or immovable property and sale of goods is called works contract. Works contract thus involves providing of a taxable service and…