Court : Gujarat
Reported in : II(2005)BC406; 2004CriLJ4369; (2004)3GLR1921
..... since the properties ffered were not meeting with the requirements of the ank, further securities were also offered. inspite of evere financial crisis, the said group of companies have ontinued to repay the instalments as narrated in these pplications. when the complainant bank was declared as eak bank by the reserve bank of india on 4- ..... alleging that the board f directors and other office bearers of visnagar nagrik o-operative bank limited committed financial rregularities in collusion with the applicants and their llied companies to the tune of rs.46.00 crores resulting nto huge financial loss to the bank by committing breach f directions given by the reserve bank of ..... or the alleged commission of offences punishable under secs. 167, 406, 420, 467, 468 and 471 read with 120-b of he indian penal code and sec. 46 of the banking egulation act.3. as all these applications arise out of a common rime register number of naranpura police station, all hese applications are heard together and .....
Tag this Judgment!Court : Gujarat
Reported in : [2001(88)FLR561]; (2001)GLR74
..... effect to the directives so issued. the aforesaid features leave no doubt that it is the government of india that is functioning with the instrumentality of a company incorporated under the companies act and it is a 'state' and authority within the meaning of art. 12 of the constitution of india. fcil is a 'state' or authority within ..... awards since it was established in 1961 as an autonomous institution under the ministry of industry, government of india. nid has been a catalyst for design in indian industry, as it graduates are active in all sectors of the economy. today, the institute is being called upon to share its experience with new centres of ..... income has been pointed out by the respondent institute. according to the respondent institute, it is an autonomous institution and has been a catalyst for design in indian industry. it has its social commitment who help prepare students for rewarding careers in sectors of social need and for the said purpose the respondent institute is .....
Tag this Judgment!Court : Gujarat
Reported in : 1993(67)ELT289(Guj)
..... offence alleged to have been committed by the petitioner is u/s 135 of the customs act, 1962 and u/s 467 and 471 of the ipc and that the petitioner was working merely as a warehouse agent and that the goods belonged to different institutions or companies, namely, m/s. j. balaji tubes. m/s. gujarat agro industries corporation ltd. and m ..... lakhs. the petitioner-arvind khungar was arrested by the supdt., central excise for the alleged commission of the offences punishable u/s 135 of the customs act, 1962 and u/s 467 and 471 of the ipc. petitioner-arvind khungar was produced before the ld. chief metropolitan magistrate, ahmedabad and his bail application came to be rejected by the orders dated 6th .....
Tag this Judgment!Court : Gujarat
Reported in : [1968]70ITR194(Guj)
..... division bench of the bombay high court, and at page 604 of the report it was observed as follows :'there is no doubt that under the indian income-tax act even payments, which are voluntarily made may constitute income of the person receiving them. it is not necessary that in order that the payments may constitute ..... the assessee and it was from a definite source that the assessee received these periodical payments and the systematic return, viz., these payments from the said two companies could be expected with regularity. under these circumstances, applying the principles laid down by the allahabad high court and the bombay high court in the cases cited ..... payments were merely gratuitous made to a member of amin family by virtue of the controlling power which the family exercised over the managed and the managing companies.during the assessment proceedings relating to the income of the assessee she did not object to the amounts, which she received from alembic glass industries ltd. and .....
Tag this Judgment!Court : Gujarat
Reported in : (1965)6GLR698
..... section 45-g and section 45-l of the banking companies act 1949 as amended by act 52 of 1953 provision has been made for public examination of persons against whom an inquiry is made. provisions are also made under section 140 of the indian companies act 1913 section 240 of the companies act 1956 section 19(2) of the foreign exchange regulations ..... section 171-a of the sea customs act 8 of 1878 section 54 of the calcutta police act section 10 of the medical and toilet preparation act 11 of 1955 section 8 of the official secrets ..... causes such document or thing to be produced instead of attending personally to produce the same.(3) nothing in this section shall be deemed to affect the indian evidence act 1872 sections 123 and 124 or to apply to a letter postcard telegram or other document or any parcel or thing in the custody of the postal .....
Tag this Judgment!Court : Gujarat
Reported in : (1985)2GLR658
..... to notice that many of the principles of english equity have taken, statutory form in india and have been incorporated in occasional provisions of various indian statutes such as the indian trusts act, the specific relief act, transfer of property act etc. and where a question of interpretation of such equity based statutory provisions arises we will be well justified in seeking aid from the ..... to convey immovable property, as understood in english is alien to indian law which recognises one owner i.e. the legal owner: vide rambaran prasad v. ram mohit hazra : [1967]1scr293 and narandas karsondas v. s.a. kamtam : [1977]2scr341 . the ultimate paragraph of section 54 of the transfer of property act, expressly enunciates that a contract for the sale of immovable .....
Tag this Judgment!Court : Gujarat
Reported in : (2001)4GLR2902
..... rape if committed on a woman belonging to scheduled castes or scheduled tribe. so accused who is alleged to have committed offences under section 3(xii) of the act and 376 of the ipc should be tried by the special court in the same trial.'15. here, it is a case of a woman namely the complainant who was sleeping in ..... fine. as per this provisions, one who is in a position to dominate the will of the lady exploits her sexually, commits an offence under the act. as per section 375 of the indian penal code, sexual intercourse by a man with a woman under any of the six clauses mentioned therein constitute an offence of rape. consent of the woman ..... bhoginbhai hirjibhai versus state of gujarat reported in : 1983crilj1096 , which was also a case for the offence under section 376 of the indian penal code, the supreme court stated as under:'in the indian setting, refusal to act on the testimony of a victim of sexual assault in the absence of corroboration as a rule, is adding insult to injury. why .....
Tag this Judgment!Court : Gujarat
Reported in : (1963)0GLR741
..... of tax requiring the company to pay a sum of rs. 3,59,549 in four instalments being payable of the 15th june, 1956, the 15th september, 1956, ..... at the rate appropriate to a company.' the same view was taken by their lordships of the judicial committee in maharajah of pithapuram v. commissioner of income-tax. lord thankerton in delivering the judgment of the board made these observations at page 22 : 'it should be remembered that the indian income-tax act of 1922, as amended from time ..... conclusions. the raipur manufacturing company limited is the assessee in this case. the assessment year in question is the year 1957-58, the relevant valuation date being the 31st december, 1956. on 11th may, 1956, a demand notice had been issued on the assessee under the section 18a of the indian income-tax act, 1922, for advance payment .....
Tag this Judgment!Court : Gujarat
Reported in : [1977]108ITR181(Guj)
..... required to be in writing. since no charge was created by the agreement of december 1, 1961, it was not required to be registered under the indian companies act. therefore, so far as the provisions of the indian evidence act are concerned, even an oral agreement to modify the terms of the agreement of december 1, 1961, could be proved provided evidence about that oral ..... agreement between the parties. in our opinion, the tribunal has overlooked the provisions of section 92, proviso (4), of the indian evidence act, and has also overlooked the fact that the contracting parties, namely, the bank of baroda and the assessee-company, were the only two parties concerned who were to arrive at an agreement for modification and once that agreement for modification .....
Tag this Judgment!Court : Gujarat
Reported in : (1976)5CTR(Guj)187
..... which have not been the subject of an order under section 104 or the corresponding provision of the indian income-tax act, 1922 (xi of 1922), exceed -eitheri. the aggregate of -(i) the paid-up capital of the company exclusive of the capital, if any, created out of its profits and gains which have not been ..... of capital asset which could not be treated as capital gains for distribution and such distribution of capital gains would be contrary to the provisions of the company act. a division bench of the madras high court observed that the liability of the profits realised by dealing with the fixed capital and forming accretions to ..... the right of the plaintiff to impeach the legality of the proposed distribution, romer, j., observed as under :-'now if the association were a company registered under the joint stock companies acts, the legality of the proposed distribution could not, i think, be challenged successfully, unless of course it were in contravention of some special regulation .....
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