Explain the following with reference to the provisions of the General Clauses Act, 1897: (i) Movable Property (ii) Oath
CA Intermediate · Corporate and Other Laws · MTP · May 2024
Explain the following with reference to the provisions of the General Clauses Act, 1897: (i) Movable Property (ii) Oath
Suggested Answer and Working Notes:
(i) Movable Property According to section 3 (36) of the General Clauses Act, 1897, 'Movable Property' shall mean property of every description, except immovable property. Thus, any property which is not immovable property is movable property. Debts, share, electricity are moveable property. (ii) Oath According to section 3 (37) of the General Clauses Act, 1897, ‘Oath’ shall include affirmation and declaration in the case of persons by law allowed to affirm or declare instead of swearing.
Topics: The General Clauses Act, 1897
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