Effect of non-registration of agency in Nepal – Business Law | Management Notes The agency must be registered to operate the business of agency in Nepal. The transaction without having registration is not only illegal but also creates a number of difficulties as well as makes liable for the […]
In Nepal, registration of agency is compulsory without registration, agency business is not allowed to run. If run, it is not valid. The agency Act, 2014 was introduced with the object to restrict the agent from making unfair advantage. The Agency Rule, 219 is made for obtaining the objectives of […]
Termination of agency implies the end of the relationship between the principal and agent. There are several modes of termination of agency. The NCA, 2056 has made some provisions in this regard under Sections 61, 62 & 64. These provisions have not described all the modes of termination of agency.
The rights of an agent are the duties of a principal. Contract Act, 2056 in Sections 59 and 62 have also laid down a little bit provision in this respect. Generally, the principal has the following duties: – To provide remuneration: – The principal should provide remuneration (commission) to the […]
There are following rights of the principal against his agent: – Right to revoke agent: – In case, where the agent commits fraud or uses excess authority or deceives his, the principal has right to revoke him before the commencement of the work. The revocation discharges the agent from his […]
The agent performs work on behalf of principal. Therefore, an agent has the following duties towards the principal. NCA, 2056 in Section 59 has made some provisions to this regard. Duty to follow the principal’s instruction: – It is the duty of every agent is to act within the scope […]
There are several modes for creating agency or agency can be created in any one of the following ways. Agency my express agreement:- Normally agency is created by an express agreement, specifying the scope of the authority of agent. The term express comprises both the words of mouth and an […]
Objectives of Human Resource Management Human Resource Management BBA Notes
The Characteristics/traits of HRM are as follows: 1.Human cognizance: HRM is worried with the human beings in an company. It focuses on individuals possessing power and competencies. It is always concerns with growing and making use of human capability. 2.Management capabilities: HRM is a management characteristic. It includes acquisition, development, […]
Principle of Unity of Command Principles of Organizing Principles of Management BBA Notes