Judgment Search Results Home > Cases Phrase: payment and settlement systems act 2007 section 16 power to carry out audit and inspection Court: chennai Page 1 of about 36 results (0.226 seconds)

K. Rajagopalan and Others Vs. Srinivasa Engineering Works, represented ...

Court : Chennai

..... relates to the period of 2002 and after coming into force of the circular of the reserve bank of india dated 10.08.2012 issued under section 18 of the payment and settlement systems act, 2007, the very cheque leaf is void and therefore, the prosecution built on a void instrument deserves to be quashed. 14. heard mr. b. kumar, learned ..... together, they entered into partnership in certain ventures. 5. the long and short of k. rajagopalan's story is that some disputes arose between him and a. perumal and in settlement of the said disputes, a cheque dated 04.07.2014 for rs.2,40,31,445/- (for brevity the impugned cheque ) was issued by sri srinivasa engineering works, which ..... of the bank where the payee or holder in due course, as the case may be, maintains the account, is situated; or b) if the cheque is presented for payment by the payee or holder in due course otherwise through an account, the branch of the drawee bank where the drawer maintains the account, is situated. explanation: for the .....

The Management of Southern Roadways (P.) Limited Vs. D. Venkateswarlu ...

Court : Chennai

Reported in : (1971)1MLJ97

..... bombay high court rejected this contention and pointed out:it is possible that in a given case a benefit given by an award or settlement under this act is capable of being realised under the payment of wages act and yet an application could be made under sub-section (2). it could not in such a case be argued ..... officer of any labour court or industrial tribunal, constituted under the industrial disputes act, 1947 (xiv of 1947) or under any corresponding law relating to the investigation and settlement of industrial disputes in force in the state or any commissioner for workmen's compensation or other officer with experience as a judge of a civil court or as a ..... , be payable to a person employed in respect of his employment or of work done in such employment, and includes-(a) any remuneration payable under any award or settlement between the parties or order of a court.(b) any remuneration to which the person employed is entitled in respect of overtime work or holidays or any leave period;(c .....

N.S. Sreenivasa Rao Vs. G.M. Abdul Rahim Sahib

Court : Chennai

Reported in : AIR1956Mad618; (1956)2MLJ189

..... seeks enforcement of the contract, whatever has been paid as interest should be considered as having been appropriated as a result of settlement and therefore, even if a higher rate of interest has been paid, such payment would not come within the mischief of the section. in other words what is argued is interest due must be read as ..... appropriated by endorsements in a suit for the principal together with interest at the contract rate where the debtor claimed relief under section 13 of the act, that payments having been made and appropriated towards interest at the contract rate under a mistake of law, cannot be got back and re appropriated towards principal, so as to ..... 1953) 1 m.l.j. 267, was distinguished on the ground that there has been a settlement of accounts, and a fresh document executed by the debtor, which necessarily had the effect of discharging the interest on the one hand and appropriating payment on the other, in which case explanation 1 to section 8 applied. in a more recent .....

Ashok Leyland Limited Vs. Industrial Tribunal and anr.

Court : Chennai

Reported in : (2000)ILLJ1234Mad

..... salary or wages earned by them as bonus as per the provisions of the bonus act that was in force on the date of the settlement and also accepted the payment in full and final settlement of all their claims towards the bonus for the accounting year 1984.25. mr. sanjay mohan, learned counsel for the petitioner, placing reliance ..... 2nd respondent employees' union is inappropriate to the facts and circumstances of the present case where the parties have admittedly resolved the dispute relating to the payment of bonus by arriving at a settlement on april 10, 1985. therefore, the deeming provision will not in any way create any fresh right on the 2nd respondent employees' union more ..... 12 of the bonus act, which were deemed to have been in force as on april 10, 1985 for settling the dispute relating to payment of bonus for the year 1984, notwithstanding the settlement dated april 10, 1985, it is illogical and unreasonable for the 2nd respondent-employees' union to claim the maximum bonus of 20% of .....

Commissioner of Income-tax Vs. Lakshmi Machine Works Ltd.

Court : Chennai

Reported in : [2000]241ITR53(Mad)

..... in a fairly elaborate order, held that the assessee which follows the mercantile system of accounting is entitled to provide for bonus and get the same allowed as deduction and it also held that figures relating to the additional bonus payment, consequent on the settlement had been available in all these years, well before the assessment and that it ..... in the past to offer to pay bonus at a lower rate while the employees made claim for payment at a higher rate and the actual rate at which the payment was to be made was worked out in a settlement. the settlement, therefore, cannot be regarded as one which is contrary to any of the provisions of the act, ..... was not statutory liability as even according to the assessee, the assessee had entered into a settlement. this argument overlooks the fact that whether there is a settlement or not, the employer was bound to pay bonus to the workmen and that payment was a statutory obligation which he could not avoid as he would expose himself to the .....

Pandian Roadways Corporation Ltd., Madurai-16 Vs. the Presiding Office ...

Court : Chennai

Reported in : 1996(2)CTC442; (1996)IILLJ606Mad; (1996)IIMLJ566

..... not correct to state that the labour court was not aware of the distinction between section 9 and section 18 of the payment of bonus act. it is incorrect to state that by virtue of entering into a settlement under section 18(1) of the act, the 2nd respondent has given up his right to claim the amount which has ..... thereto, and the waiving of any claim or benefit or approved privileges for the period of services of the 2nd respondent. however, he submitted that by virtue of the settlement entered into under section 18(1) of the act, the order of dismissal stood superseded and it cannot have effect of dismissal for misappropriation. 18. the question that ..... bound by the said settlement and, therefore, cannot at all claim any benefit for the period prior to this dismissal. 32. we, therefore, hold that the view expressed by k.s.palaniswamy, j., in : (1971)iillj299mad as followed by the patna high court in : (1986)iillj459pat that on a proper construction of section 9 of the payment of bonus act, .....

Lieutenant Srinivasa Rajamani Rajah Deo, the Rajah of Mandasa (Dead) a ...

Court : Chennai

Reported in : 140Ind.Cas.331; (1932)63MLJ450

..... made by the settlement officer, an astonishing way of dealing with the record of a court. and finally at the end of the chapter we find section 180, which provides for the costs of the proceedings. there is no provision for the payment of costs by a party to his opponent. but there are ..... surprising or unnatural or unreasonable in the procedure prescribed, which provides many safeguards against arbitrary orders.13. however it has been urged before us that the settlement of rents involves decisions of great importance between the landholder and the ryots, which undoubtedly affect their civil rights; and it is pointed out that under section ..... before the record is submitted to the confirming authority - revise any rent entered therein, after giving reasonable notice to the parties concerned (section 169).36. the settlement record should be submitted by the revenue officer to the 'confirming authority' appointed by the local government, with a full statement of the grounds of his proposals .....

M. Kanagasabapathy Vs. the Special Officer,

Court : Chennai

Reported in : (2008)1MLJ270; 2007(5)CTC392

..... creates an infrastructure for investigation into, solution of and adjudication upon industrial disputes. it also provides the necessary machinery for enforcement of awards and settlements. from alpha to omega the id act has one special mission - the resolution of industrial disputes through specialised agencies according to specialised procedures ..... exclusion of any other enactment governing the conditions of labour or other matter covered by various provisions of this chapter, in particular, as regards the payment of subsistence allowance during the period of suspension. section 2(19), which defines 'officer', states that it would include the president, vice president, ..... agricultural co-operative bank ltd. by its president, goundanpalayam kangeyam via erode district v. the assistant commissioner of labour, the authority under the payment of subsistence allowance act, salem and another).63. therefore, applying the various guidelines set out in the decisions of the hon'ble supreme court .....

Sri Sri Sri Krishna Chandra Gajapathi Narayana Deo Maharajulugaru, Zam ...

Court : Chennai

Reported in : (1926)51MLJ510

..... reference to shares which are found in the correspondence of the court of wards, ex. jj series, relating to the block survey and subsequent settlement. these do not by any means prove that the varam. system prevailed in the kosamala village prior to the management by the court of wards. further, as pointed out by the defendants, there is ..... 5 an acre. ex. iv under column 14 makes mention of cash rent as per lease by the zamindar and gives the rates. ex. k also refers to cash payment. the evidence given by the defendants shows that money rents prevailed in this village from 1826 to 1865. admittedly it prevailed since that date also. it is suggested that ..... written statement.) there is no evidence that a permanent arrangement fixing the rates for ever binding on the estate as a permanent settlement was ever introduced by the court of wards. as i have already shown payment of rent in money prevailed when the court of wards took up the management. by block surveying the zamindari and settling the .....

Sri Vedaranyaswaraswami Devastanam by Its Hereditary Trustee, Sri V. K ...

Court : Chennai

Reported in : AIR1964Mad90

..... .10. the major portion of the lands in the madras presidency was however not covered by the permanent settlement. the amani system of sharing the produce between the state and the ryot, ultimately gave place to the ryotwari system under which the state was brought into direct contact with the peasant, who was regarded as the proprietor ..... payable on the land, invites our attention to regulation 31 of 18u2, which enacted rules for the better ascertainment of titles of persons holding land exempted from payment of revenue. the preamble to the regulation referred to the principle that all alienations of land except by the consent and authority of the ruling power would ..... two entries should be read in the context of article 31, which prescribes that ordinarily acquisition of property can be made only for a public purpose and on payment of compensation, the term 'acquisition' in entry 36 should therefore be read in the light of article 31. the fourth amendment to the constitution which introduced .....