Court : Kerala
Reported in : AIR1960Ker251
..... velu pillai, j.1. the petitioner was employed as the divisional manager of prithvi insurance co., ltd. and asiatic government security lite and general assurance co., ltd. when life insurance business was nationalised, the petitioner continued to be employed by the life insurance corporation of india, which may be referred to as the corporation. thereafter, the ..... insurance corporation act, 1956, or simply the act, have thereby been altered to his disadvantage, and he therefore seeks a writ of mandamus or other appropriate writ, direction or order 'to assign... his legitimate place in the corporation ..... with due reference to the post he was holding on the date on which the business ..... 'may by its name ssue and be sued.' apart from any other provision, ordinarily the corporation has to he sued in its own name. life insurance corporation regulations, 1956 were passed, by which as provided by the act, an executive committee was formed regulation 17 (vi) provided, that the executive .....
Tag this Judgment!Court : Kerala
Reported in : [1994]79CompCas213(Ker)
..... ), (4) if the directors refuse to distribute compensation money obtained on nationalisation of the company--hindusthan co-operative insurance society ltd., in re [1961] 31 comp cas 193 (cal), (5) the company undertaking businesses other than those mentioned in the objects clause without calling a general meeting or passing a resolution-- hindusthan co-operative insurance society ltd., in re [1961] 31 comp cas 193 (cal ..... be conducted. the companies act requires certain acts to be done even by a company which has no business or commercial activity to run. these include filing of annual returns, holding annual general meetings, filing reports, preparation and filing of balance-sheet and profit and loss account, appointment of auditors and so on. these are part of the things to be done .....
Tag this Judgment!Court : Kerala
Reported in : AIR1982Ker1
..... enacted, is transferred to and vesta in the corresponding new bank. no doubt, under section 7 (2) of the act, the general superintendence, direction and management of the affairs and business of a corresponding new bank vests in a board of directors but these directors are appointed by the central government in consultation with the ..... of the factory', and that, therefore, though the employees of the sales office are not employed in the factory, they are employees who had to be insured. this decision proceeds as if the expression 'means and includes' denotes an exhaustive definition, though that expression as such was not explained therein and in spite ..... expressed by us in the preceding paragraphs. mr. parameswara panicker, the learned counsel for the kottayam municipality referred us to the hyderabad asbestos cement products ltd. v. employees' insurance court, (1976) 1 andh wr 344 : (1976 lab ic 868) (andh pra) (fb) to contend for the position that even in conjunction wife the expression ' .....
Tag this Judgment!Court : Kerala
Reported in : AIR1973Ker51
..... 37 of the subsidiary banks act, the central government has power, after consultation with the reserve bank, to direct the subsidiary banks to carry on any business or to prohibit such banks from carrying on any business. under section 24 of the subsidiary banks act, the state bank has the right of issuing any directions, and the subsidiary banks are bound to ..... comply. section 25 provides for the constitution of the board of directors of the subsidiary bank. section 27 provides that the general manager of a subsidiary bank who is .....
Tag this Judgment!Court : Kerala
Reported in : II(2003)ACC682; III(2003)ACC264; 2003ACJ623; 2003(1)KLT701
..... in order to comply with the requirement of this chapter, a policy of insurance must be a policy which -(a) is issued by a person who is an authorised insurer, (or by a co-operau've society allowed under section 108 to transact the business of an insurer); and(b) insures the person or classes of persons specified in the policy to the extent ..... by adding a proviso to that clause. by proviso (ii), it restricted the generality of the main provision by confining the requirement to cases where 'the vehicle is a vehicle in which passengers are carried for hire or reward or by reason of or ..... quoting section 95 of the old act as amended by act no. 56 of 1969 held as follows:what is important to be noted is that the legislature, after providing generally in clause (b) of sub-section (t) in wide terms so as to include 'any person' and every motor 'vehicle' within its sweep, carved out a certain exception .....
Tag this Judgment!Court : Kerala
Reported in : AIR1981Ker185
..... the legislative intent the courts shall not introduce into the statutory provision 'words or phrases which might succeed where the draftsman failed' as said by lord simonds in the ayreshire insurance case (1946) 1 all er 637 (at p. 641) itself.26. two things have to be emphasised in this connection and they are; (i) the fiction is in the definition ..... moidenkutty v. gopalan, (1980 ker lt 468), two division bench decisions construing explanation 11-a mentioned above. so we will deal with that point hereinafter.4. it is by now generally accepted that prior to legislations made to ameliorate the conditions of kudikidappukaran, a kudikidappukaran had no interest in the land on which his homestead stands, and his only right was .....
Tag this Judgment!Court : Kerala
Reported in : AIR1996Ker241
..... are owned by the union government and on the formation of the fci, these buildings were given to fci for the purpose of carrying out their business. some buildings were constructed by the fci in the land acquired by them. as regards the buildings owned by the union government, the local authorities ..... ext. p2 would also indicate that the specific services will include not only direct services such as water and electric supplies, scavenging etc. but also general services such as street lighting, town drainage, approach roads connecting the central government properties etc. no doubt the municipal corporations are rendering services to fci ..... but as compensation payable in quasi-contract. specific services will include not only direct services such as water and electric supplies, scavenging etc. but also general services such as street lighting, town drainage, approach roads connecting the central government properties etc. but such items as educational, medical or public health facilities .....
Tag this Judgment!Court : Kerala
Reported in : AIR1962Ker267
..... in this connection mr. k. v. suryanarayana iyer traced the several measures taken for providing adequate sale-guards for the interests of the general public and to put the banking business on a stable basis. the learned counsel has adverted to the provisions of the indian companies act, 1913 relating to banks and also the ..... drawn on himself and collect cheques crossed and uncrossed for his customers.'54. the committee makes various recommendations for putting the banking business on a sound basis in the interests of the general body of depositors. the report states in paragraph 694 under the heading 'capital' that one of the advantages of incorporation of ..... virtue of entry no. 43 in list no. i of the seventh schedule. entry 43 relates toincorporation, regulation and winding up of trading corporations including banking, insurance and financial corporations but not including co-operative societies.81. according to mr. t. s. krishnamoorty ayyar, the whole trend of legislation will show that it .....
Tag this Judgment!Court : Kerala
Reported in : AIR1980Ker82
..... vidyacharan shukla v. khubchand baghel (alr 1964sc 1099: (1964) 6 scr 129) where that, court approved the contrary view taken by chagla c. j. in canara bank ltd. v. warden insurance co. ltd. (ilr (1952) bom 1083) holding that even where there was no provision in the first schedule for an appeal in situation identical with that for which the special ..... de novo trial and decision. this appeal is allowed as above. there will be no order as regards costs.leave has been asked for. no substantial question of law of general importance that needs to be decided by the supreme court arises in this case. leave refused.
Tag this Judgment!Court : Kerala
Reported in : AIR1966Ker77; [1966]60ITR737(Ker)
..... ., (1886) 18 fed rep 385:'there undoubtedly are, and always will be more or less inequalities in the operation of all general legislation arising from the different conditions of persons from their means, business, or position in life, against which no foresight can guard. but this is a very different thing, both in purpose and ..... the rigour of the law taxing an undivided family just as an individual is mitigated by special provisions granting a higher ceiling of deduction on account of insurance premia and by a larger initial margin of income exempt from income-tax.'the above observations must in my view apply to the assessment of a ' ..... section 3 be held to include joint families, such as a mappila marumakkathayam tarwad, they have been dealt with as 'individual' differently from hindu undivided families in general and hindu marumakkathayam tarwads in particular, which are similarly situated, and the same is violative of article 14 of the constitution.26. according to shri nambiar, the .....
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