Anand (Self) 25 July 2008
Guest (n/a) 26 July 2008
Brief anser like "Yes" or "no" would be good enough
Guest (n/a) 26 July 2008
DEFENSE ADVOCATE.-firmaction@g (POWER OF DEFENSE IS IMMENSE ) 27 July 2008
IF A SOCIETY DOES A COMMERCIAL TRANSECTION , IT WILL BE TREATED AS AN ARTIFICIAL PERSON AND ALL THE COMMERCIAL LAWS WILL BE APPLICABLE UNLESS SPECIFICALLY EXEMPTED IN ANY PARTCULAR LAW.
Guest (n/a) 27 July 2008
Does entering into an agreement as per Contracts Act is a commercial activity? and a society (which is a "not for profit" organisation) can operate under commerical laws.
Jaydeep Kurup (ACS, LLB) 30 July 2008
Any society duly registered under the respective societies act is a legal entity and all laws applicable to contracts become applicable to it.
Guest (n/a) 30 July 2008
DOES COMMERCIAL LAWS APPLY TO IT.
SATISH KUMAR (COMPANY SECRETARY) 07 August 2008
Yes, commercial laws will apply. It is a legal entity. It can enter contracts or own property. If it enter any contract, contract act will apply, for its banking transactions, negotiable instrument act will apply, for sale of goods or products or services, consumer laws will apply. Even shops and establishment act will apply.
B.V.SATISH KUMAR
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