Business - Law Dictionary Search Results

goodwill

goodwill 1 : an intangible asset that is made up of the favor or prestige which a business has acquired beyond the mere value of what it sells due to the personality or experience of those

Councils. The elective bodies established by the Local Government Act, 1888 (c. 41), to manage certain specified administrative business of each county (see LOCAL GOVERNMENT), formerly managed by the justices of the peace (who are nominated by

Firm

Prabhudas Parekh, (2000) 5 SCC 694: AIR 2000 SC 3654 (3660). The name of style under which any business is established. 'Partners who have entered in partnership with one another are' for the purposes of the Partnership

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Royal Courts of Justice

on the north side of the Strand, between St. Clement Danes Church and Chancery Lane, in which the business of the Supreme Court is transacted. The erection of buildings for bringing together into one place 'all the

Same and similar

s. 54) The two words 'same' and 'similar' connote different concepts and therefore the carrying of a similar business will not meet the requirements of the section. If one business cannot be conveniently carried on after the

Conditions

qualifica-tion, restriction or limitation modifying or even destroying to a certain extent the right to carry on the business. The commodities in which the association can carry on the business of forward contract is an integral part

Turnover

as part of the turnover, because, 'turnover' means the amount of money which is turned over in the business, George Oakes (P) Ltd. v. State of Madras, AIR 1962 SC 1352. Turnover is defined to mean: 'the

Winding-up

connection therewith, and, among supplementary provisions, any company in liquidation must state on every invoice or order or business letter in which the name of the company appears that the company is being wound up (s. 280).

Proceeding

a prescribed course of action for enforcing a legal right. It indicates a prescribed mode in which judicial business is conducted, Babu Lal v. Hazari Lal Kishori Lal, AIR 1982 SC 818: 1982 (1) SCC 525; Sircar

Trade Union

any members for the time being of such trade union shall or shall not sell their goods, transact business, employ, or be employed: (2) Any agreement for the payment by any person of any subscription or penalty

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