Allotment - Law Dictionary Search Results
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Allotment, partition, the distribution of land under an inclosure Act, or shares in a public undertaking. See COMPANY. By (English) Companies Act, 1929, ss. 39-42, reproducing and amending s. 85 of the Companies (Consolidation) Act, 1908, no allotment of the share capital of a company can be made unless the conditions therein contained have been complied with.In Company law 'allotment' means the appropria-tion out of the previously unappropriated capital of a company, of a certain number of shares to a person. Till such allotment the shares do not exist as such. It is on allotment in this sense that the shares come into existence, Sri Gopal jalan and Co. v. Calcutta Stock Exchange Assn. Ltd, AIR 1964 SC 250 (252): (1964) 3 SCR 698. [Companies Act, 1956, s. 75(1)]Allotment is an appropriation to some person or corporation of a certain number of shares, but not necessarily of any specific share, Halsbury's Laws of England, Vol. 7(1), 4th Edn., Para 422, p. 276.Means the grant by a person...
Allotment rate
Allotment rate, the 'allotment rate' which must mean and did mean 'the allotment price' meaning thereby the price of the allotment or price of the allotted quantity which shall be exclusive of all taxes, cesses and duties leviable thereon under the law, Hill Tiller & Co v. Coffee Board, Banglore, AIR 1979 SC 1785 (1790): (1979) 4 SCC 543, (Rules Governing Allotment of Imported Chicory to Actual Vess, 1960)....
Year of allotment
Year of allotment, the year of allotment of an Officer appointed to the service after the commencement of these rules shall be: (b) Where the officer is appointed to the service by promotion in accordance with sub-rule (1) of Rule 8 of the Recruitment Rules, the year of allotment of the junior most among the officers recruited to the service in accordance with Rule 7 of these rules, who officiated continuously in a Senior Post from a date earlier than the date of commencement of such officiation by the former. Provided that the year of allotment of an officer appointed to the service in accordance with sub-rule (1), Rule 8 of the recruitment rules who started officiating continuously in a senior post from a date earlier than the date on which any of the Officers recruited to the service in accordance with Rule 7 of these rules, so started officiating, shall be determined ad hoc by the Central Government in consultation with the State Government concerned. Provided further that an offic...
Allotment notes
Allotment notes, as to the payment of seamen's wages during absence by means of allotment notes, see Merchant Shipping Act, 1894, ss. 140-144; Merchant Shipping Act, 1906, s. 62; and Merchant Shipping (Seamen's Allotment) Act, 1911, s. 1....
Allotment of flates
Allotment of flates, the word 'allotment' in the order means making over of the flats. In other words, it means delivery of possession and registration of the sale deeds, Major Gen. B.M. Bhattacharjee v. Russel Estate, AIR 1993 SC 1632 (1634): (1993) 2 SCC 533....
Allotment societies
Allotment societies, are societies on a co-operative basis having for their object, or one of their objects, the provision or profitable working of allotments, whether in relation to the purchase of requisites, the sale of produce, credit banking, insurance or otherwise. Halsbury's Laws of England, Vol. 2, 4th Edn., p. 46, para 82...
Allotments
Allotments. Many (English) Acts (see chit. Stat., tit. 'Allotments') have been passed authorizing parish officers to let out to poor persons small quantities of parish land or land originally allotted under inclosure Acts for the benefit of the poor. The Small Holdings and Allotments Act, 1908 (Part II.), empowers parish, urban, borough or county councils to provide plots of land for persons belonging to the labouring population of the locality to cultivate as farms or gardens. Land for allotments may be acquired compulsorily by the above bodies (ss. 12 and 27, Land Settlement (Facilities) Act, 1919) (as amended by the 1925 Act, s. 1). This Act as amended by the Allotments Act, 1922, necessitates a six months' or longer notice to quit (but see s. 30(2) of the Act, 1908, and s. 1 of the Act of 1922), and provides, notwithstanding any agreement to the contrary, for compensation to an outgoing tenant by the landlord for growing crops, manure, improvement, etc. (s. 47 of the Act of 1908, a...
Permissible area
Permissible area, in relation to a land-owner or a tenant, means thirty standard acres and where such thirty standard acres on being converted into ordinary acres exceeds sixty acres such sixty acres. Provided that (i) ... (ii) for a displaced person - (a) who has been allotted land in excess of fifty standard acres, the permissible area shall be fifty standard acres or one hundred acres, as the case may be; (b) who has been allotted land in excess of thirty standard acres, but less than fifty standard acres, the permissible area shall be equal to his allotted area; (c) who has been allotted land less than thirty standard acres the permissible area shall be thirty standard acres, including any other land or part thereof, it any, that he owns in addition. Explanation: For the purposes of determining the permissible area of a displaced person, the provisions of proviso (ii) shall not apply to the heirs and successors of the displaced person to whom land is allotted. Munshi Ram v. Financi...
Directors
Directors, persons appointed or elected according to law, authorized to manage and direct the affairs of a corporation or company. The whole of the directors collectively form the board of directors. Their powers, if the company be incorporated by Act of Parliament, are derived from its special Acts and ss. 90-100 of the (English) Companies Clauses Act, 1845; if the company be incorporated under the (English) Companies Act, 1929, see ss. 139 et seq., ibid. The company is bound by all acts of the directors within the scope of their authority. They may receive a salary, but may make no personal profit from the company [see, however, Re Dover Coalfield Ltd., (1908) 1 Ch 65], nor can a pension be granted to a retiring managing director, Normandy v. Ind, Coope & Co., (1908) 1 Ch 84; but they were under no personal liability except for fraud, as to the criminal liability for which see Larceny Act, 1861 (24 & 25 Vict. c. 96), ss. 81 et seq., and DECEIT. Public companies registered after Octob...
Seamen
Seamen, persons engaged in navigating ships, barges, etc., upon the high seas. Those employed for this purpose upon rivers, lakes, or canals are denominated watermen.The (English) Merchant Shipping Acts, 1894 and 1906 (57 & 58 Vict. c. 60, and 6 Edw. 7, c. 48), contain numerous and elaborate provisions. In Part II. of the Act of 1894 there are regulations as to engagement and discharge of seamen, and payment of their wages. The Act also (s. 168) gives power to a Court to rescind a contract between owner or master, and seaman or apprentice, where a proceeding is instituted in the Court in relation to a dispute between them, protects (ss. 212-219) seamen from imposition, and (ss. 198-210) protects them in the matter of provisions, health, and accommodation. As to seamen's allotment notes, see (English) Merchant Shipping (Seamen's Allotment) Act, 1911 (1 & 2 Geo. 5, c. 8). Part III. of the Act of 1906 deals with seamen's food, and Part IV. contains provisions for the relief and repatriati...
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