NMIMS Best 2018 Assignments - Please give at least two (2) real life examples on how the recent amendments in Companies Act, 2013

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Business Law Dr. Aravind Banakar9901366442
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• Business Law
•  1. What is the difference between valid, void
  or voidable contract. Please explain the
  instances when a contract becomes valid, void or
  voidable contract. 
• 2. Please give at least two (2) real life
  examples on how the recent amendments in
  Companies Act, 2013 has brought about sweeping
  changes in corporate scenario of India.

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• 3. Arun and Smitha are good friends since a long
  time. Smitha is in need of a house loan with a
  bank and Arun has agreed to be a be a
  co-applicant cum guarantor to help Smitha secure
  the house loan. Smitha after taking possession of
  the Flat started defaulting payments of the house
  loan and absconded. In light of the above
  instance, you are called to advise the bank on
  the following queries

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• What is the contract between Arun, Smitha and the
  bank termed as? Identify Arun, Smitha and the
  bank according to their roles in such contract?
  (5 Marks)
• b. Does the bank have any right against Arun? If
  yes please explain in detail? If, Arun
  voluntarily offers to pay the loan to the Bank,
  what are his rights? Please explain in detail?

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