Commerce Clause - Law Dictionary Search Results
No cause for such refusal
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 Adjustment Act, … No cause for such refusal, the expression 'no cause for such refusal' within the meaning of clause (4) must mean no good cause for refusal. Therefore when an application is filed by a shareholder for
Financial non-viability
is to say, the sense or meaning that is attributed to it by men of business, trade or commerce and by persons or institutions interested in or dealing with companies, Commissioner of Income Tax v. Mahindra and … non-viability' has not been defined in the Income Tax Act but the Finance Minister's speech, the Notes on Clauses of the Bill and the Memorandum explaining the provisions thereof make it clear that the financial non-viability of
Joint-tenancy
to the representatives of the deceased partner. The lex mercatoria excludes the jus accrescendi for the benefit of commerce, which is pro bono publico, the maxim being jus accrescendi inter mercatores locum non habet. A joint-tenancy, if … deed (lest the title be in cumbered with notice of their trust), it was usual to insert a clause, called a joint account clause, providing against the application of this rule of equity; see now (English) L.P.
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Salary or wages
sale and exposure for sale. [Cigarettes and Other Tobacco Products (Prohibi-tion of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003, s. 2(m)] Sale. Blackstone (2 Com. 446) defines it as 'a transmutation … barter of goods, (j) disposal of goods by a person in the manner prescribed in Explanation (iii) to clause 10 but does not include a mortgage, hypothecation, charge or pledge; and the words 'sell' 'buy' and purchase
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