Audit - Law Dictionary Search Results
Home Dictionary Name: audit Page: 2Money of account, money of measurement money of payment
Money Bill, cannot be introduced in the Council of States. [Constitution of India, Art. 109(1)]Money Bill, cannot be referred to Joint Committee, Rules of Procedure and Conduct of Business in Lok Sabha, 10th Edn., 2002, r. 74.Money Bill, in India, the Speaker endorses certificate on Money Bill, Rules of Procedure and Conduct of Business in Lok Sabha, 10th Edn., 2002, r. 96.Money Bill, is a Bill which contains only provisions 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 objection is taken that the Bill is a Money Bill, the Chairman shall, if he holds the objects valid, direct the termination of further proceeding of the Bill. If Chairman is doubtful regarding the validity of the objection, he shall refer the matter to the Speaker whose decision on the matter shall be final, Rules of Procedure and Cond...
Public - Auditors and valuers
Public - Auditors and valuers, persons appointed by the Treasury for the purpose of audits and valuations under the (English) Friendly Societies Act, 1896, s. 30, and under the (English) Industrial and Provident Societies Act, 1893, s. 72. Their duties and remuneration are as prescribed from time to time by the Treasury. In the case of the latter class of Society, audit by a public auditor is now compulsory (Industrial and Provident Societies Act, 1913, s. 2). See also Industrial Insurance Act, 1923 (13 & 14 Geo. 5, c. 8), s. 15....
Local Government
Local Government. That part of the government of the country which, by delegation from the Imperial Government, is conducted the bodies appointed or elected to conduct it within limited areas, as parishes, boroughs, local government districts, poor law unions, petty sessional districts, county boroughs, and counties. See these titles respectively, and COUNTY COUNCIL; DISTRICT COUNCIL; PARISH COUNCIL; and BOROUGH COUNCIL.Local Government Act, 1888 (51 & 52 Vict. c. 41). The Act established county councils throughout England and Wales, and has been amended and extended by many other Acts.Transfer of Imperial Powers to County Councils.--The (English) Local Government (Transfer of Powers) Act, 1903 (3 Edw. 7, c. 15), though permissive only, extended general, tentative, unsued and almost unknown powers of decentralization which had previously been entrusted to the Local Government Board by the (English) Local Government Act, 1888. The (English) Local Government Act, 1894 (56 & 57 Vict. c. 7...
Liquidator
Liquidator. A person appointed to conduct the winding-up of a company under the (English) Companies Act, 1929. Liquidators are of three kinds:--(1) Appointed by the court in a winding-up by the Court. pending appointment the Official Receiver in Bankruptcy is to act as Official Receiver and Liquidator in the winding-up (s. 185). By s. 186, in England, liquidators other than the Official Receiver must provide security to the satisfaction of the Board of Trade. His duties comprise the collection of the company's property, and this property or any part of it may vest in him on his application. He may bring or defend actions relating to that property in his own official name (s. 190). Powers which he may exercise subject to the sanction of the court or a Committee of Inspection are setout in s. 191(1); sub-s. (2) of that section gives a list of powers for which such sanction is not required. The duties of a liquidator are to collect, administer, and distribute the assets, having regard to ...
Insurance
Insurance, see, Income-tax Act, 1961 (43 of 1961), s. 80C, Expl. 1.Insurance, the act of providing against a possible loss, by entering into a contract with one who is willing to give assurance, that is, to bind himself to make good such loss should it occur. In this contract, the chances of benefit are equal to the insured and the insurer. The first actually pays a certain sum, and the latter undertakes to pay a larger, if an accident should happen. The one renders his property secure; the other receives money with the probability that it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut out of a diary, etc., see General Accident, etc., Assce. Corpn. v. Robertson, 1909 AC 404.Insurable Interest must be possessed by the person taking out a policy; he must be so circumstanced as to have benefit from the existence of the person or thing insured, and some preju...
Industrial and Provident Societies
Industrial and Provident Societies. The (English) Statutes regulating these societies, 25 & 26Vict. c. 87, 30 & 31 Vict. c. 117, and 34 & 35 Vict. c. 80, were consolidated by the Industrial and Provident Societies Act, 1876 (39 & 40 Vict. c. 45), which by s. 6 provided for the registration of societies 'for carrying on any labour, trade, or handicraft, in-cluding the buying or selling of land, of which no member shall claim an interest in the funds exceeding 200l.'This Act was repealed and re-enacted with amend-ment by the (English) Industrial and Provident Societies Act, 1893 (56 & 57 Vict. c. 39), which pro-vides for the registration as an industrial and provident society of any society for carrying on any 'industries, businesses, trades specified in or authorized by its rules, whether wholesale or retail, and including dealings of every description with land,' but enacts that no member other than a registered society shall have any interest in the shares exceeding 200l. and contains...
Gentleman
Gentleman [fr. gentilhomme, Fr.; gentilhuomo, Ital., i.e., homo gentilis, Lat., a man of ancestry, however high his rank]. All persons above yeomen; whereby noblemen are truly called gentlemen, Smith de Rep. Ang., 1. 1, cc. xx., xxi.The word was not employed as a legal addition until about the time of Henry V. It has no precise legal meaning, but is used to designate a man of independent means and no occupation who is not entitled to 'esquire.'To describe the giver (a clerk in the Audit Office) of a bill of sale (see that title) as a gentleman was held an insufficient description in Allen v. Thompson, (1856) 1 H. & N. 15; and so of a deponent to the fitness of a proposed new trustee in Re Orde, (1883) 24 Ch D 271...
Auditor
Auditor, one who examines accounts and evidences of expenditure. See AUDIT....
Accountant or Accomptant
Accountant or Accomptant, one whose business it is to compute, adjust, and range in due order accounts; also to audit accounts. The Institute of Chartered Accountants in England and Wales was incorporated by Royal Charter, May 11th, 1880. No person is entitled to describe himself as a chartered accountant unless he is a member of an Institute of Accountants incorporated in the United Kingdom by Royal Charter; see Society of Accountants in Edinburgh v. Corporation of Accountants Ltd. (1893) 20 R 750; Society of Accountants and Auditors v. Goodway, (1907) 1 Ch 489....
examine
examine ex·am·ined ex·am·in·ing 1 : to investigate or inspect closely [ the title] compare audit 2 : to question closely esp. in a court proceeding compare depose ...
- << Prev.
- Next >>