Banking Company - Law Dictionary Search Results
Accumulated loss
Accumulated loss, means so much of the loss of the amalgamating banking company under the head 'profits and gains of business or profession' (not being a loss sustained in a speculation … and gains of business or profession' (not being a loss sustained in a speculation business) which such amalgamating banking company, would have been entitled to carry forward and set off under the provisions of section 72 if 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 … any court of small causes. S. 2(*) Arbitration and Conciliation Act, 1996, Raipur Development Authority v. Sarin Construction Company, Raipur, AIR 2006 Chattisgarh 12. The tribunal which is to exercise the jurisdiction for executing the decree in
Person
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,
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Secured creditor
or financial institutions and includes, (i) debenture trustee appointed by any bank or financial institution; or (ii) securitisation company or recon-struction company; or (iii) any other trustee holding securities on behalf of a bank or financial institution, … Secured creditor, means any bank or financial institution or any consortium or group of banks or financial institutions and includes, (i) debenture trustee
Disposition of the company's property
Matched in: Term Disposition of the company's property
Nationalised bank
Nationalised bank, means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule … Nationalised bank, means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule to
Deposit
balances due to a depositor (other than a foreign Govern-ment the Central Government a State Government or a banking company) in respect of all his accounts, by whatever name called, with a banking company and includes credit balances … State Government or a banking company) in respect of all his accounts, by whatever name called, with a banking company and includes credit balances in any cash credit account. [Deposit Insurance and Credit Guarantee Corporation Act, 1961 (47
Limited liability
the nominal amount of the shares in respect of which they are registered in the books of the company. When a share has been fully paid up, no further liability exists. As to shares which have not … 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
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 … Act, 1868 (31 & 32 Vict. c. 119), by s. 11 dispensing in the case of a railway company with the necessity, under s.101 of the Act of 1845, of the auditors being shareholders, and by s.
Public sector bank
State Bank of India (Subsidiary Banks) Act, 1959, a corres-ponding new bank constituted under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or under s. 3 of the Banking Companies (Acquisition and … Bank of India (Subsidiary Banks) Act, 1959, a corres-ponding new bank constituted under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or under s. 3 of the Banking Companies (Acquisition and Transfer
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