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Quorum

of any body of persons whose presence is necessary in order to enable that body to transact its business validly so that its acts may be lawful. It is generally left to committees themselves to fix the

Quota

& 23 Geo. 5,c. 24), s. 3, as to quota payments. Quota attaches to the owner of a business at the point of time the quota is granted. It is the business at the relevant time which

Royal Arms

as follows:- 68. --If any person, without the authority of His Majesty, uses in connexion with any trade, business, calling, or profession, the Royal Arms (or arms so closely resembling the same as to be calculated to

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Tahbazari

no agreements and no rents. Local body has authority to refuse to grant permission to carry on such business and if it does grant permission to carry on such business, a charge is to be paid as

Net wealth tax

capital levy under the Equalization of Burdens Law, while the real property tax and the trade tax on business capital are classified in the latter category. The main importance of this distinction is that taxes in the

Unit

[Uttar Banga Krishi Viswavidyalaya Act, 2000, s. 2(31)] Means a unit or part which is carrying on its business in the Zone and approved as such by the Unit Approval Committee. [Gujarat Special Economic Zone Act, 2004,

Wholly and exclusively

for the assessee to decide whether any expenditure should be incurred in the course of his or its business. Such expenditure may be incurred voluntarily and without any necessity and if it is incurred for promoting the

franchise

franc free] 1 : a special right or privilege granted by the government to an individual, group, or business entity: as a : a right to conduct a business and esp. to be and to exercise the

deal

deal dealt deal·ing vt : to carry on the business of buying or esp. selling (something) [ing drugs] vi 1 : to engage in bargaining 2 : to

covenant not to compete

covenant not to compete : a covenant in an agreement (as for the sale of a business) by which one party agrees not to engage in the same business or a similar business in a

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