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Declaratory and remedical Act

or restraining and it takes effect prospectively, unless it has retrospective effect by express terms or necessary intendment, Central Bank of India v. Their Workmen, AIR 1960 SC 12 (27).

Shahjog hundi

promissory note. It is payable to the holder only and does not mean a hundi payable to bearer, Central Bank of India Ltd. v. Khub Ram Roop Chand, AIR 1960 Punj 157 (158).

Completed year of service

[Payment of Gratuity Act, 1972 (39 of 1972), s. 2] Mean continuous service for one year, Beed District Central Co-operative Bank Ltd. v. State of Maharashtra, 2006 (8) SCC 514.

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Criminal contempt

material point in favour of a person alleged to be in contempt, Thakur Jugal Kishore Singh v. Sitamarhi Central Co.-op. Bank Ltd., AIR 1967 SC 1494 (1497): (1967) 3 SCC 163. [Contempt of Courts Act, 1952, s.

Approved securities

(d) of s. 20 of the Indian Trusts Act, 1882; (ii) such of the securities authorised by the Central Government under clause (f) of s. 20 of the Indian Trusts Act, 1882, as may be prescribed. [Banking

Small-scale industrial concern

and a half lakhs of rupees or such higher amount, not exceeding twenty lakhs of rupees, as the Central Government may, by notification in the Official Gazette, specify in this behalf, having regard to the trends in

Paid

on the expression 'paid' (in R. 10) is 'ought to have been paid', N.B. Sanjana, Assistant Collector of Central Excise v. Elphinstone Spinning and Weaving Mills Company Ltd., AIR 1971 SC 2039: (1971) 1 SCC 337: (1971) … the company discharges its liability and makes the amount of dividend unconditionally available to the member, Benaras State Bank Ltd. v. Commissioner of Income-tax, AIR 1970 SC 281. [Income Tax Act, 1922 s. 16 (2)] The obligation

Person

Exchange Management Act, 1999, s. 2(u)] Person, includes a firm, Goverdhan Das Radhey Lal v. C.I.T., Uttar Pradesh, Central Province and Berar, (1946) 1 ITR 799; M.M. Ipoh v. C.I.T., Madras, AIR 1968 SC 317. Person, includes … 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,

Import

way of commerce; the opposite of import'. The Oxford Dictionary gives a similar meaning to both these words, Central India Spinning and Weaving Co. v. Municipal Committee, AIR 1958 SC 341: (1958) SCR 1102. Import, with its … all forms of energy for the use of any industrial concern in the small-scale sector. [Small Industries Development Bank of India Act, 1989 (39 of 1989), s. 2(g)] Import, with its grammatical variations and cognate expressions, means

Company

on the 31st day of March, 1948, or which is declared by general or special order of the Central Board of Revenue to be a company for the purposes of this Act, State of Uttar Pradesh v. … Company [fr. compagnia, Ital., which word is still printed on Bank of England notes as 'compa'], a body of persons associated for purposes of busi-ness, sometimes, but not now

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