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Hire Purchase Act, 1972

Hire Purchase Act, 1972

  • ₹825.00

Limited Stock
  • Author(s): D.D Seth
  • Brand: Delhi Law House
  • Edition: 3 Rp Ed 2014
  • ISBN 13 9788171110186
  • Approx. Pages 686 + Contents
  • Delivery Time Normally 7-9 working days

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Description

After attainment if Independence our dormant economy has been revolutionized by effective implementation of successive Five Year Plans. This led to extensive extension of industrial activity and overall development in agriculture coupled with larger production and use of machinery and vehicle to transport raw materials and finished goods. With the mainfold increase in commercial activity hire purchase system of transaction was found a convenient mode of acquiring machinery, vehicles, etc., which gava more importance to hire-purchase law. To meet this multifold development in industries, transport and all sorts of commercial activities the requirement of capital by industrialists, Companies, Financial Institutions showed multiple increase as per figure available in 1985, reported in Chartered Secretary, August, part 1988, page 674 in the following words: "As on 31st December, 1985, as many as 1,18,305 Companies limited by shares with an aggregate paid up capital of Rs. 29,033.4 crores were in existence in the country. The public sector comprised of 1,003 companies with a paid up share capital of Rs. 22,577.4 crores."
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Contents

Chapter I    :    Preliminary
Chapter II   :    Form and Contents of Hire-Purchase Agreements
Chapter III  :    Warranties and Conditions, Limitation on Hire-Purchase
                          Charges and Passing of Property
Chapter IV  :    Rights and Obligations of the Hirer
Chapter V   :    Rights and Obligations of the Owner
Chapter VI  :    Miscellaneous
Appendix I to IV
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