Banking Company - Law Dictionary Search Results
Not negotiable
of s. 82 of the Act [Slingsby v. Westminster Bank Ltd., (1931) 1 KB 173; see also Imports Company Ltd. v. Westminster Bank Ltd., (1927) 2 KB 297; and R.E. Jones Ltd. v. Waring and Gillow Ltd., … he took it, see Bills of Exchange Act, 1882, s. 81; G.W. Ry. Co. v. London and County Bank, 1901 AC 422. [S. 130, Negotiable Instrument Act] A warrant for interest on War Stock signed by the
Blank transfer
transferee, who, if he so chooses, completes the transfer by entering his name and then applying to the company to register his name in place of the previous holder of the share, Howrah Trading Co v. CIT, … of a transferee or vendee in blank is void; but the lender will have an equitable security, Colonial Bank v. Whinney, (1884) 26 CD 257, and this principle is applicable to transfers of shares in companies transferable
Allocable surplus
Allocable surplus, means-(a) in relation to an employer, being a company other than a banking company which has not made the arrangements prescribed under the Income-tax Act for the declaration and payment within India
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Public officer
acting in a public capacity under the Crown or public authority, more particularly a person appointed by joint-stock banking companies, etc., under 7 Geo. 4, c. 46, s. 9, or otherwise to sue and be sued on … 7 Geo. 4, c. 46, s. 9, or otherwise to sue and be sued on behalf of a company. As to the punishment of frauds committed by such persons, see the (English) Larceny Act, 1861, ss. 81-84,
Charter
(Jacob's Law Dict.) (see, e.g., the (English) Municipal Corporations Act, 1882, s. 210) or corporations; e.g., to 'chartered' banking or other trading companies [see 7 Wm. 4 & 1 Vict. c. 73, and (English) Chartered Companies Act, … or university [see (English) College Charter Act, 1871 (34 & 35 Vict. c. 63)], or to a City company, as the Apothecaries Company, whose charter, granted by James I., is cited in the (English) Apothecaries Act, 1815
Bonus shares
Bonus shares, bonus share is an accretion. A bonus share is issued when the company capitalises its profits by transferring an amount equal to the face value of the share from its reserve … to its shareholders. Bonus shares have, therefore, been described as a distribution of capitalised undivided profit, Standard Chartered Bank v. Custodian, (2000) 6 SCC 427: AIR 2000 SC 1488 (1499). [Companies Act, 1956 Sch I, Table A,
Partnership
partners will be known and described collectively by a 'firm name' (s. 3). A limited partnership in a banking business must not consist of more than ten, and in any other business, twenty partners. [(English) Companies Act, … an investor may utilize his capital in a trading concern, which not been converted into a limited liability company, without taking upon himself too heavy a burden, and at the same time retain the right of reasonable
Public trustee
see 1st Sch. For the Powers of the Public Trustee in opening accounts in the Post Office Savings Bank, see Post Office Savings Bank (Public Trustee) Act, 1908. Banks and insurance companies of great financial strength act … in the Post Office Savings Bank, see Post Office Savings Bank (Public Trustee) Act, 1908. Banks and insurance companies of great financial strength act as trustees at charges somewhat lower than those payable to the Public Trustee,
No cause for such refusal
cause set up by the company is a cause reasonably justifying refusal to comply with the requisition, Oriental Bank of Commerce v. Harcharn Das Loomba, AIR 1963 SC 1707 (1709): (1964) 2 SCR 231. [Displaced Persons Debts
Managing agency
Act, 1922, s. 4 (3)] It includes-- (i) Secretaries and Treasurers; (ii) Where the managing agent is a company, and director of such company, and any member thereof who holds substantial interest in such company. (iii) Where
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