Banking Company - Law Dictionary Search Results
Unabsored depreciation
Unabsored depreciation, means so much of the allowance for depreciation of the amalgamating banking company which remains to be allowed and which would have been allowed to such banking company is amalgamation had … of the amalgamating banking company which remains to be allowed and which would have been allowed to such banking company is amalgamation had not taken place. [Income Tax Act, 1961 (43 of 1961), s. 72AA]
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 a
Borrower
assistance granted by any bank or financial institution and includes a person who becomes borrower of a securitisation company or recon-struction company consequent upon acquisition by it of any rights or interest of any bank of financial … Act, 2005 (30 of 2005), s. 2(b)] --Means any person who has been granted financial assistance by any bank or financial institution or who has given any guarantee or created any mortgage or pledge as security for
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reserve
liabilities legal reserve : the minimum amount as determined by government standards of the deposits held by a bank or of the assets of a life insurance company required by law to be kept as reserves loss
Reserve
v. Commissioner of Income Tax, AIR 1961 SC 812: (1961) 3 SCR 371. (iii) The reserve contemplated by Banking Com-panies Act is a separate reserve. The amount trans-ferred to that reserve cannot be utilised for business purposes. … in the sense in which it is used in rule 2 can only mean profit earned by a company and not distributed as dividend to the shareholders but kept back by the directors for any purpose to
company
Matched in: Term company
Money lender
a corporation empowered by statute to lend money, or any person bona fide carrying on the business of banking or insurance or bona fide carrying on any business not having for its primary object the leading of … (3) prescribes penalties for a money-lender who issues a document implying that he carries on banking business. Money-lending companies are required to comply with s. 145 of the (English) Companies Act,1929, relating to the publication of names
Bank Deposit Rate
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 under the Banking Regulation Act, 1949; (10 of 1949). [Additional … 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 under the Banking Regulation Act, 1949; (10 of 1949). [Additional Emoluments
Current rate of interest
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 under the Banking Regulation Act, 1949. [The Interest Act, 1978 … 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 under the Banking Regulation Act, 1949. [The Interest Act, 1978 (14of
Preferential payments
Preferential payments, in bankruptcy, administra-tion of estates of persons dying insolvent, and winding up of a company:-One year's rates and taxes, four
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