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Money of account, money of measurement money of payment

dealing with the imposition, repeal, remission, alteration or regulation of taxation etc., Parliamentary Practice, Erskine May, 22nd Edn., 1997, p. 806. Money Bill, on a Bill being introduced in the Council at a subsequent stage if an

Vacation of seats

member of that House and his seat remains vacant under various circum-stances, Parliamentary Practice, Erskine May, 22nd Edn., 1997, p. 31.

Underwriting

Underwriting, means that the person who agrees to take up shares specified in the underwriting agreement if the public or other persons fail to subscribed for them. The consideration for this contract takes the form of...

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Under his own hand

Under his own hand, the expression 'under his own hand' as used in sub-rule (3) (b) of Rule 15 does not mean in his own handwriting. What is inter alia required to be certified by the...

Ultimate

Ultimate, in common parlance means last or final, J.K. Industries Ltd. v. Chief Inspector of Factories and Boilers, 1997 SCC (L&S) 1.

Trespass

is a transgression or trespass in its largest sense; for which will lie, Words & Phrases, 2nd Edn., 1997

Transfer

Transfer, a permanent alienation is a transfer and a permanent alienation includes the several kinds of transfers, namely, sale, exchange or gift, Syed Jalal v. Targopal Ram Reddy, AIR 1970 AP 19. Transfer, cannot have the...

Transaction

'contract'. In fact, in one contract there may be many business transactions, Baldev Kumar v. Managing Director, AIR 1997 MP 147. Transaction, should be an act which is bilateral or multilateral in character and not a mere

Token grant

available and also the amount of the grant cannot be precisely estimated, Parliamentary Practice, Erskine May, 22nd Edn., 1997, p. 749. Token grant, is a grant of a token sum made by Parliament to meet the proposed

Tax

for public purposes, the payment of which is enforced by law, Pratibha Processors v. Union of India, AIR 1997 SC 138 (148): (1996) 11 SCC 101. Under s. 4(4)(d)(ii) of the Central Excise Act what is to

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