Banking Companies Act - Law Dictionary Search Results
Banking company
Matched in: Term Banking company
Joint-stock Banks
the amount paid to note-holders out of the general assets. The sale and purchase of shares in joint-stock banking companies is regulated by the Banking Companies (Shares) Act, 1867(30 & 31 Vict. c. 29), which, in order to
Company
ss. 357 and 358, requires registration of every company, association or partnership of more than ten persons for banking and of more than twenty persons for carrying on any other business having for its object the acquisition … incorporated; or (3) in registration under the Companies Acts, 1862 and subsequent Acts, now consolidated into the (English) Companies Act, 1925 (19 & 20 Geo. 5, c. 23). By s. 13 of the Act of 1925 (1) on
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Bank
or partnership consisting of more than ten members shall be formed for the purpose of carrying on a banking business unless it is registered under the Act or formed in pursuance of an Act of Parliament or … be drawn out again as the owner shall call for it. Special provisions are contained in the (English) Companies Act, 1929 relating to Banks. By s. 358, no company, association or partnership consisting of more than ten members
Financial Institution
Financial Institution, means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution … of 1961), s. 80E(3)(b)] Means: (i) a public financial institution within the meaning of s. 4A of the Companies Act, 1956; (ii) such other institution as the Central Government may, having regard to its business activity and the
Court
jurisdiction for executing the decree in question is 'a court' within the scope of s. 45C of the Banking Companies Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR 220. [Banking … Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR 220. [Banking Companies Act, (10 of 1949), s. 45C] A Sales Tax Officer is not a 'court' within the meaning of s.
Person
under any Central State or Provincial Act or a Government company as defined in s. 617 of the Companies Act, 1956 (1 of 1956). (vii) any body corporate incorporated by or under the laws of a country outside … Regulatory commission, AIR 2006 AP 12. 'Person' includes company or association or body of persons, see Standard Chatered Bank v. Directorate of Enforcement, AIR 2005 SC 2622. 'Person', Person includes any company, Fidelity Industries Ltd. v. State,
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 to
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, … one-twentieth exceeding 1000l. (3) Stock in Public Companies.-By Art. 72 of Table A in Sch. I. of the Companies Act, 1862 (now repealed), 'all dividends unclaimed for three years after having been declared may be forfeited by the
Limited liability
the amount of shares held, have also long been found (though not universally) in the charters of incorporated banks and insurance companies. Companies Acts.--Under the Companies Acts, limited liability means that the members are not liable beyond … PROSPECTUS, ESTOPPEL, or other titles on company matters. The statutes relating to companies have been consolidated by the Companies Act, 1929 (19 & 20 Geo. 5, c. 23). Consult Palmer; Hemmant; Lindley on Company Law. Shipowners, Canals, Docks,
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