Commercial Banking - Law Dictionary Search Results
Commercial concern
Matched in: Term Commercial concern
Office
SC 3886. Office, is defined as 'a room, set of rooms, or building where the business of a commercial or industrial organization or of a professional person is conducted; the main office of an insurance company; a … of activities from office purpose to godown purpose is a change of use of premises, Goa Urban Coop. Bank v. Noor Mohd., (2004) 6 SCC 166. It is 'a room or building used as a place of
trust
that is created for the purpose of making profit and that is usually characterized by some kind of commercial activity, transferable certificates of interest, existence continuing after the death of beneficiaries, limited liability, legal title in the … to the trust as a source of support for a divorced spouse with a remainder to someone else bank account trust : totten trust in this entry business trust : a trust that is created for the
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Client account
defined in clause (h) of s. 2 of the Securities Contracts (Regulation) Act, 1956, or by issue of commercial paper depository receipts or any other instrument; (c) whose financial standing has been assessed or is proposed to … by credit institution or any other person or institution as may, by notification, be directed by the Reserve Bank. [Credit Information Companies (Regulation) Act, 2005, s. 2(c)].
Property
included in the ordinary connotation of the word 'property', Chunni Lal v. State, AIR 1968 Raj 70. In commercial law this may carry its ordinary meaning of the subject-matter of ownership. But elsewhere, as in the sale … only assets, but the organisation, liabilities and obligations of a going concern as a unit. Undertaking of a banking company is property, R.C. Cooper v. Union of India, AIR 1970 SC 564: 1970 (2) SCC 248. (See
cancel
through or otherwise marring the words or signature of NOTE: As stated in section 3-604 of the Uniform Commercial Code, a party that is entitled to enforce a negotiable instrument may cancel the instrument, whether or not … party to pay. c : to mark (a check) to indicate that payment has been made by the bank NOTE: A check is no longer negotiable once it has been cancelled. d : to withdraw an agreement
Plant
but one of imprecise application, and, so far as I can see, has been applied to industrial and commercial equipment in a highly analogical and metaphorical sense, borrowed, unless I am mistaken, from the world of botany, … 647, where a horse was held to be 'plant' within that Act; and see National Provincial and Union Bank of England v. Charnley, (1924) 1 KB 431, and Daphne v. Shaw (1926) 53 TLR 45. 'Plant' does
Person
of individuals, whether incorporated or not. [General Clauses Act, 1897, s. 3(42)] Person, includes court, Chandrasekharan v. Deputy Commercial Tax Officer Arcot, (1973) Tax LR 1971. Person, includes family, Vijaya Anandrao Khirsagar v. State of Maharashtra, AIR … 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,
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attention of public/individual concerned to such information. It need not necessarily be to sell only or solely for commercial exploitation, Municipal Corporation of Greater Bombay v. Bharat Petroleum Corporation Ltd. (2002) 4 SCC 219 (227): AIR 2002 … the name of the company unless the same happens to be a trade mark or trade name, ICICI Bank v. Municipal Corpn. of Greater Bombay, (2005) 6 SCC 404. Advertisement has acquired a narrower meaning than any
Tenure
children. The land was also attachable to answer the owner's debts, and could also be made available for commercial enterprise. Such tenure was acquired by the distribution of lands by lot among the Franks. (2) Feudal (from … connotation which may mean a fixed term during which an office is held, Yeshwant Singh Kothari v. State Bank of Indore, 1993 Supp (2) SCC 592 (597). 1. A right, term, or mode of building lands or
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