Acquisition - Law Dictionary Search Results
Home Dictionary Name: acquisitionAcquisition
Acquisition, 'acquisition' means, directly or indirectly, acquiring or agreeing to acquire-(i) shares, voting rights or assets of any enterprise; or (ii) control over management or control over assets of any enterprise. [Competition Act, 2002 (12 of 2003), s. 2(a)]'Acquisition', with its grammatical variations and cognate expressions, includes hiring, borrowing, or accepting as a gift. [Arms Act, 1959 (54 of 1959), s. 2(a)]The office of one functionary is brought to an end another functionary has come into existence in its place. Such a process cannot be said to constitute the acquisition of the extinguished office or the vesting of the rights in the person holding that office, Bira Kishore Deb v. State of Orissa, AIR 1964 SC 1501 (1508): (1964) 7 SCR 32. [Constitution of India, Art. 31(2), 19(1) (f)]Means taking not by voluntary agreement but by authority of an Act of Parliament and by virtue of the compulsory powers thereby conferred. In case of acquisition the property is taken by t...
Requisition and acquisition
Requisition and acquisition, there are significant differences between 'requisition' and 'acquisition'. These have different legal consequences and these affect the owners concerned in different manners. The requisition is taking over of possession of the property normally for a limited period whereas the acquisition is taking over of title of the property permanently. But the State has the power both of requisition as well as acquisition, subject to one condition, i.e., the property acquired or requisitioned must be for public purpose, Jiwani Kumar Paraki v. First Land Acquisition Collector, AIR 1984 SC 1707: (1984) 4 SCC 612: (1985) 1 SCR 686....
Acquisition by State
Acquisition by State, The words 'acquisition by the State' in the second proviso to article 31A(1) do not have a technical meaning. It means that the law must make a provision for the acquisition by the State of an estate. But what is the true meaning of the expression 'acquisition by the State of an estate', Ajit Singh v. State of Punjab, AIR 1967 SC 856 (861): (1967) 2 SCR 143....
Displaced from land, in consequence of the com-pulsory acquisition
Displaced from land, in consequence of the com-pulsory acquisition, A person is displaced from land in consequence of the compulsory acquisition of his interest if, and only if, he gives up possession (1) on being required to do so by the acquiring authority, (2) on completion of the acquisition, or (3) where the acquiring authority permits him to remain in possession of the land under a tenancy or licence of a kind not making him a tenant as defined in the Agricultural Holdings Act, 1986 (UK) Halsbury's Laws of England (2), para 399, p. 217....
Acquisition of property
Acquisition of property, Acquisition of property, in the context, means the extinction of the citizens rights in the property and the conferment of the said rights in the State or the State owned corporation, Tilayat Shri Govindji Maharaj v. State of Rajasthan, (1964) SCR 561: AIR 1963 SC 1638 (1659). [Constitution of India, Art. 31(2) (after fourth Amendment)]...
Acquisition, acquire
Acquisition, acquire, acquisition is the act by which a person acquires property in a thing. 'Acquire' is to become the owner of the property. One can, therefore, acquire a property either by voluntary or involuntary transfer, Devi Das Gopal Krishnan v. State of Punjab, AIR 1967 SC 1895 (1904): (1967) 3 SCR 557. [Punjab General Sales Tax Act, (46 of 1948), s. 2 (FF)]...
acquisition
acquisition 1 : the act or action of acquiring ;specif : the obtaining of controlling interest in a company compare merger, takeover 2 : a thing gained or acquired ...
Acquisition by transfer
Acquisition by transfer, 'Transfer of property' means an act by which a living person conveys property, in present or in future, to one or more other living persons, or to himself, or to himself and one or more other living persons. (Delhi Rent Control Act, 1958), V.N. Sarin v. Ajit Kumar Poplai, AIR 1966 SC 432 (435): (1966) 1 SCR 349....
acquisitive prescription
acquisitive prescription see prescription ...
Person interested
Person interested, includes a person engaged in, or in promoting, research in the same field as that to which the invention relates. [Patents Act, 1970 (39 of 1970), s. 2(t)]The definition of the 'person interested' must be liberally construed so as to include a body, local authority, or a company for whose benefit the land is acquired and who is bound under an agreement to pay the compensation, Himalaya Tiles and Merbles (P) Ltd. v. Francis Victor Countinho, AIR 1980 SC 1118 (1120): (1980) 3 SCC 233: (1980) 3 SCR 235. [Land Acquisition Act, 1844, s. 18]The expression 'person interested' included all persons claiming an interest in compensation to be made on account of the acquisition of land under this Act; and a person shall be deemed to be interested in land if he is interested in an easement affecting the land, General Government Servants Cooperative Housing Society Ltd. v. Wahaz Uddin, AIR 1981 SC 866 (867, 868): (1981) 2 SCC 352: (1981) 3 SCR 46.A person claiming interest in the ...
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