Basic Concept of Exchange

FCS Deepak Pratap Singh , Last updated: 09 October 2020  
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WHAT IS EXCHANGE: SECTION 118 OF TRANSFER OF PROPERTY ACT, 1882 defines Exchange as when two persons mutually transfer ownership of one thing for the ownership of another, neither thing or both things being money only, the transaction is called an Exchange. From above we understand that for be

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Published by

FCS Deepak Pratap Singh
(Associate Vice President - Secretarial & Compliance (SBI General Insurance Co. Ltd.))
Category Corporate Law   Report

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