Bank - Law Dictionary Search Results

Deposit account

Deposit account, an account of sums lodged with a bank and acknowledged to be so lodged by a 'deposit receipt' given by the banker to the depositor, not

Vict. c. 56), forms of proceeding of a similar nature to those prescribed in the Acts regulating savings banks and friendly societies are requisite to enable loan societies to avail themselves of this Act, and see 51

Joint-stock Banks

Joint-stock Banks, joint-stock companies for the purpose of banking. They are regulated, according to the date of their incorporation, by

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Working funds

Working funds, the words 'working funds', when used in relation to a banking company, are not to be construed in their ordinary popular sense by reference to a dictionary. They have

Disposition of company property

Disposition of company property, where a com-pany withdraws a sum of money from its bank account in credit and pays that sum to a third party, there is a disposition of the company

Managing Director

Managing Director, in relation to a banking company, means a director who, by virtue of an agreement with the banking company or of a resolution

Current rate of interest

those maintained in savings account or those maintained by charitable or religious institutions) by different classes of scheduled banks in accordance with the directions given or issued to banking companies generally by the Reserve Bank of India

Audit

compulsory audit was first applied to companies generally by the (English) Companies Act, 1900, although certain companies, e.g., banking companies, had been the subject of similar legisla-tion form any years. The (English) Companies Act, 1929, ss. 132

Warehouse

goods which are not immediately wanted for sale, Stroud's Judicial Dictionary, 3rd Edn. See also Goa Urban Co-op. Bank Ltd. v. Noor Mohd. Shikh Mussa, (2004) 6 SCC 166. Warehouse, is properly speaking a building used for

Unclaimed property

dealt with under the heads of (1) Government Stock, (2) Chancery Funds, (3) Stock in Public Companies, (4) Bankers' Balances, (5) Deposits with Bankers for Safe Custody, and (6) Found Property. (1) Government Stock.-The National Debt Act,

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