How they used Rs. 1 Crore Contract to deceive me!
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- Опубликовано: 4 окт 2024
- This video is to guide my students about one of my personal cases wherein I stopped one of our clients from drafting contracts in a way that could essentially lead to us being at a disadvantage had we not been aware of how the contracts are to be drafted also how they can be used in the court of law.
The discussion can help you in concluding better contracts yourself!
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Some of you might feel that the Corporate Veil can be lifted here to sue the Big Company by claiming this arrangement to be a Fraud but that won’t be possible.
What the big company tried to do cannot be termed as a “fraud”. I being one of the parties to the contract could’ve easily checked the capital of small company as it is out there in the public domain.
Also, everyone knows that liability of such companies is limited to their capital.
The only thing that the big company tried to do is to use the contracts smartly to their advantage. You can’t claim it to be a fraud to remove the corporate veil.
Hence, a knowledgeable person should always be careful while entering into any sort of contracts.
Something new and fresh litigation 💯🙏 Tremendous work sir 👍👍
Sir tremendous case study 👏👏.... Really I'm a CA foundation student and really I loved the way u explained of this story and many others too 💕💕......really sir mazaaa aagaya
Love you
Sir you said you'll be uploading subtitles for the previous video but you didn't! Any specific reason?
Any hint on the co. Name ?
Thanks Sir, But in your case if you have entered into contract by creating a company in which you have Director in that case I think, Corporate Veil Theory can be lifted. Is that true??
I never seen such a teacher who is explaining practical issues which were happened in the practical life. ❤ sir
👍
It's called doctrine of seperate legal entity/corporate veil.
You are undisputed torch bearer for CA community. Atleast for me.
For me
This guy has the talent to explain properly and clearly without using big fancy words. Happy to see someone doing this, Amazing work.
When the so called big company said aapka bhi ek small company bana lo, Sahil sir be like:ek ghuma k mukka maarunga na😂😂😂😂old viewers will relate
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Nicely explained and taught well without getting the audience bored. Huge round of applause for you. Love from Pakistan
Coming from non financial background, being into engineering, I appreciate your way of lucid explanation about contracts.
I'm a CA foundation Student Sir 😘🤗
Great Real life Example
We want more such kind of video related to our practical CA fraternity 🙏🏻
"doctrine of constructive notice "
Before signing any contract try to study MOA and AOA ......
🙏
I was thinking the same
Or else see MCA😅
Because practically other client doesn't give AOA🤔
0
Everyone else gives Theoretical knowledge but you always come with practicle knowledge
Kya tagda padahte ho Sir Ji. Final ki classes to aapse he lunga. #RESPECT #LEGEND ♥
Just imagine that company seeing this video and realising ki galat insaan se panga le liya😂😂😂
Tum sher to hamare sir babbar sher
BTW that company to sir: jor jor se chilaa ke sabko scheme batade😂😂
They be like :👁️👁️
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👄
Your voice is so calm, nice and smooth , sir !!☺️☺️
I really like your video for practical knowledge and listen to your voice.
By the way, i am ca foundation student .
Thank you sir 😊😊
Please never stop posting... You've an elixir of Knowledge
Comments like yours won’t let me stop posting. Thanks for the love ❤️
This is such an amazing video on so many levels. The complications that may arise on ignorance of very simple terms. Most of us are aware of Corporate Law but still such rookie mistakes may be made by us. It was a good guide to not take anything for granted. The practical aspect of it was very good.
I hardly paid any attention into these thing, but after watching your videos, my eyes opened up. On behalf of myself and family, i wish you THANK YOU. 😊
Please keep. Making such informative videos.
Bestest teacher ever ❤️, just randomly founded your one video during my articleship, and sawed your entire content and showed my knowledge to colleagues and get famous in my firm 😂😂😂, again thankyou so much sir ❤️❤️❤️
Sir you have all my respect for your initiative towards making CA students fall in love with this profession even more...thank you so much🙏
Sir you are the only teacher I have found who goes beyond classes which make us feel we are truly in a professional course nd help us learning how to apply knowledge practically👌. Respect 🙏
Apko sunna bht acha lagta h..you provide knowledge with real life examples..that’s the best thing anyone can do for others..it helps to retain concepts forever !
Sir you are awesome...the practical knowledge u have is incredible amazing outstanding...
I m a ca foundation aspirant ...my attempt is may 22 .. right now i am in class 12...after passing the foundation..i will definitely going to take TAXATION CLASSES FROM YOU in ca inter ..love you sir ❤️✍️
A symbol of excellence again sir to prove that you are the person who helps students to be professionals when they actually become.
What a beautiful explanation of "deceptive clauses" in contract. EYE OPENER ! People sign (actually) without completely reading contracts. Really thankful for such a lecture !
There is no any other channel like your this type of useful channel. This channel is very very helpfull to us
People like you make this professional so respectable 👌♥️
Sir aapki aawaj bhot achi h
Aur pace v acha hai
Na jyada fast
Na jyada slow
Overall best
And case studies are awesome.
I saw all video 🤗🤗
I'm not CA student but I love to watch your video. It's so informative.
Randomly stumbled across your video man. Thanks to RUclips for making this happen! Literally, the most practical teacher/mentor I’ve ever come across!
I am becoming a die hard fan of your intelligence and witty gestures. Hats off to your smartness and thanks a ton for sharing and educating others..
Sir i am not a CA student but i never miss your video because of knowledge man, i love this type of concept :D
Contracting is my favorite subject. I read each word and line and try to find its operatibility. I have finalized number of contracts and have learnt many things in the process. It is very interesting exercise. Thanks for update.
I'm currently pursuing MBA not CA but still, I watch all of your videos to get a better understanding of laws nd companies so that I can stay aware in future when I start my own businesses 💕💕💕
The way u teach is excellent we need more sir like u.
Thank u for explaining it in a very simple way.
very well explained. even though i had commerce in my +2 and tried my hands on b.com and even ca beginner level but changed course midway, i was never very fond of commerce related case studies because i was bored of business law and company law. by listening to your explanation of case studies, i can at least now understand basic things
this kind of video is the usp of this channel. totally practical and real videos which gives knowledge as well as awareness to the people. keep it up doing. awaiting for more videos.
Excellent information sir. Thank you for presenting such a practical example. 👍
I truly believe our signatures have more value than we are aware and we need to be highly vigilant before signing any document or contract. 👏
Thanks a lot for such a great video. But just wanted to ask, One could still sue the small company and plead that it was created to act as a mere agent of its holding company (Case law: British Transport commission vs Merchandise transport ltd) or to 'defraud a creditor' (Case Law: Horne vs Gilford Motor Co.) and this would give sufficient reason to the court to lift the Corporate veil as in this case the small company loses its separate entity in the favour of its holding company
Me ca toh nahi hu paar phir bhi apki videos dkehta hu educational aur life lesson hoti hai 🤝
Insightful indeed sir ! One suggestion - you could have maintained the agreement as it is, but at the same time you could have asked the big company to provide guarantee on the agreement in case small company defaults anytime !
Each of yours video teaches us how to use our unused huge knowledge in different angle.
Liked your all videos 👍👍👌👌👏👏😍😍
Bravo .....CA ho to Aisa......... wah sir ji wah.....May Allah guide you the right path brother ...Ameen... keep educating people...
Your communication skill and confidence is impressive 🔥🔥🔥
I immediately subscribed you !!
Your knowledge is awesome!!
suprrr amazing...sir phli bar muje apki sari videos ka mja ek sath aaya phli bar trust me..suprb🍾🍾🍾🍾🍾
Man you are the best teacher I've ever had in my life. Keep up the good work.
mast channel hai....iam an engineer....but ajkal ye sheekhne mai maja arha hai..nice channel..finnaly subcribed your channel
sir,
few months back while studying law for ca foundation, i had been wondering why we have to do this and thinking that it was so boring but now i realise the knowledge is so useful. thank you.
Proud to be CA student that i know about corporate Vail and exception of this.... Your video deserve more views and like sirr❤
Seriously ... Sir you are the only one teacher who is giving the real world knowledge........ This is must required..... Bookish knowledge to sabhi le hi lete hai... But real to yhi hai... Thank you so much sir..... Please keep uploading such type of vedioes..... Ap hi guru ho🙏🙏🙏🙏
I watch All vedio of sir.. No borroing.. Every video learning something new.. It's very helpful for everyone... Professional
Only you are sir providing real life ....example ...thanq so much sir🙏❤️
If i had been doing CA I would definitely learn auditing from you, you're damn cool! The case studies you put up are actually very complex but you make them very easy to wrap around my head! Kuddos
Sir teaches tax, not audit
Love you sir. That's financial knowledge 101.
One of the most knowledgeable video I found on youtube hats off to you bro
I am not a CA student but Still I love to watch your videos because of your skills of teaching concepts and always endeavor to learn economic related knowledge.
Thanks I becomes speechless after every video I sees of yours😇😇😇😇
Outstanding excellent mind-blowing sirji👍
Hoping that contract is still going on😅
You are doing wonderful work......keep doing learning lot of things from you
Dil jeet liya sir ❤️
You'll find tonnes of teacher out there teaching taxation theoretically... But only 1 gem teaching practical aspects. Thank you sahil sir. 🎊 🎉 ✌️
A marvellous observation 🙏 we need more such practical knowledge 🙏 thank you Sir ❤️
Keep it up sir...we eagerly wait for your such videos of real life experience.....
I studied lifting of corporate veil - formation of subsidiary acting as an agent and consideration may move from one person to another like in this eg consultancy fees can be given by small co however this is actually fraud (sec17) but still Sahil sir helped me in learning these things in a practical way . Thankyou sir ❤️❤️❤️
Wha...sir salute to you... heads off you sir... 🙏🙏🙏🙏... thats the direct example become in reality when I was in Ipcc This is a lifting of the corporate viel.... Knowledge can do anything they don't know who u are sir.. 😁
Apki smile hi bata rahi he ap ki khushi..... Aur apki story kisi suspense thriller jesi he.....
Thank you for sharing your experience Sahil Bhai 🙏
Sir I'm in CA INTER. very helpful sir. 🥰🥰
I am doing bcom but watching your videos in Free time! Your Videos are Knowledgeable!
Mind blowing explanation 👌👌😱😱😱😱😱
It's common sense for a CA student if he understands a separate entity concept.
I am not a CA but loves to watch n learn from your video...😊
I am not even a commerce student but still watch his videos,
Wow....what a great explanation...u r teaching valuable lessons for practical professional life sir....🙏🙏
Maalik aap GURU ho GURU aapki videos ka wait rhta hai
Hnji.. Good evening...holds a separate fanbase.. ur concepts are brutally informative 🔥🔥Yes, am not a CA scholar but still a viewer of ur streams. 😀😀Keep inspiring sir...
The simplicity and brilliance of this scam is truly scary... If it was me, I would've definitely missed it.
I can't believe about your depth of knowledge sir 🙏🙏
Sir Really worth watching this video you are really developing my knowledge every time thanks for sharing your experience with me 😊❤️
Sir apne ARTICLESHIP ki inherent limitation ko overcome kr diya😅(practical approach)
Sahil Sir is Jitu Bhaiya for many he always makes video not related to Syllabus
Thanks . Bohot hi important information hai for everyone.
I am an Engineer and not at all interested in any CA stuff but the way you explain makes it very interesting to learn these.
Thank u so much sir for providing such grateful knowledge, all the professionals should be understand this concept
Thank you so much sir for giving this invaluable piece of content ❤️
We blessed to have people like you 😌
Great video with true practical insights🙌
Good video. That’s the exact reason why people in the USA form LLC, not matter how much the amount someone want’s to sue for, it will only be limited to the net worth of the LLC itself.
Sir pls continue this type of videos it's amazing and give us practicle knowledge love ur works ❤️
This knowledge should be taught in school 🔥🔥🔥
Wow! Quite an interesting video...never knew such things could happen...thank you so much for this sir! 😃
Thank you so much Mr. Sahil it's a very helpful video, truly market me koi bhi Chartered ye sb internal secrets nhi btata.
Am engineering student but i subscribed. For knowledge 😊😊
U r a mastermind.. First time watched your video.. U rocked brother..i am not from ca background .. But liked how intricately you found out loopholes.. 😍😍
Just subscribed to the channel after watching your 1st video...
Your explanation skill is amazing, no doubt why you are in teaching profession.
Sir thanks to educate & motivate us for alertness.🙏🙏🙏🙏🙏
Pranam Sirjee...Itni badiya tarike se samjhaya aapne...
Thanks sir 😇
Aap humesha bhut practical cheeze sikhate ho😁😁
really eye opener videos!! related to taxation, finance- i can see here.
I have not been able to watch your videos sir for so long.. today I'll binge watch all your videos.. 😁👍
Wow sir ! Sahi se tackle kiya apne ! Apki tarah Cool CA banna hai hume 😍
In short : Contract should me made only in b/w actual service provider and actual service recipient.
Sir ji 1Cr ka contract !!!!! 1 ya 1.5 saal me...Now I am much more motivated to clear my 2nd Group of CA Inter☺️☺️