I
It
The neuter pronoun of the third person corresponding to the masculine pronoun he and the feminine she and having the same plural they their or theirs them...
It shall be lawful
It shall be lawful, according to s. 105(1) of the Companies Act, 1913 'It shall be lawful for a company to pay a commission to any person in consideration of his subscribing' for shares in it. The words 'it shall be lawful' are enabling words. They are used in a statute when it is intended to permit something to be done which previously could not legally be done, Madanlal Fakirchand Dudhediya v. Shree Changdeo, AIR 1962 SC 1543 (1557): 1962 Supp (3) SCR 973. [Companies Act, 1913, s. 105(1)]...
Its
Possessive form of the pronoun it See It...
Its capacity of efficiency
Its capacity of efficiency, the expression 'its capacity or efficiency' means the capacity or efficiency of the irrigation tank. The word 'capacity' in its ordinary dictionary sense means 'holding-power ' or 'receiving-power', Y. Lakshmi Narayana Reddy v. State of Andhra Pradesh, AIR 1965 SC 580 (583). [T.N. Irrigation Tanks (Improvement) Act, (19 of 1949), s. 3(1)]...