Accountancy
A test of three Acts
A MINOR can always plead minority. Section 10 of the Indian Contract Act provides that all agreements are contracts if they are made by parties competent to contract, and Section 11 states that every person is competent to contract if he is of the
age of majority. The Privy Council in Mohiri Bibi vs. Dharmodas Ghose held that minor's agreement is void ab initio. Thus a minor can always plead minority. The rule of estoppel does not apply against a minor.
Is there a math gene?
A NUMBER of mental attributes contribute to our ability to do mathematics. As we study those attributes, there are other relevant questions such as when and how our ancestors acquires each of these abilities, and whether the inability to do mathematics s
tems from a lack of one of these abilities or if the problem lies with bringing them together in the right way.
The capital, value nexus
S. Murlidharan on whether an increase in capital leads to a dilution in share value
Dealing with tax tangles
A, B AND C are carrying on business in partnership in the name of Pawan & Co. as dealers in medicine sharing profits and losses in the ratio of 5:3:2. The following particulars are given about their income and expenditure for the asses
sment year (AY) 2000-2001:
Book Review
Confront and correct
HOW should you address the issue of a recurring performance problem with one of your staff? Such a situation is never easy, particularly as the question of formal disciplinary measures may arise. Russell Tobin's Taking further corrective
action is a practical workbook to help feel comfortable about confronting performance problems, no matter how difficult, without alienating staff. Clearly showing the specific steps to follow, even when formal discipline is called for, th
e book helps develop managerial skills and build confidence. With detailed examples and sample interview dialogues, this self-study guide shows how to maintain motivation, even in difficult times, coach employees to improve performance, reduce c
ostly staff turnover -- together with its associated stress, and make better decisions on when and how to use discipline.
