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Person interested

Person interested, includes a person engaged in, or in promoting, research in the same field as that to which the invention relates. [Patents Act, 1970 (39 of 1970), s. 2(t)] The definition of the 'person interested'...

Lloyd's bonds

Lloyd's bonds. Instruments under the seal of a railway company, admitting the indebtedness of the company to a specified amount to the obligee, with a covenant to pay him such amount with interest on a future...

Managing agency

Managing agency, Managing agency is itself a business, J.K. Trust v. Commissioner of Income Tax/Excess Profits Tax, AIR 1957 SC 846: (1958) SCR 65. [Income Tax Act, 1922, s. 4 (3)] It includes-- (i) Secretaries and...

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Nationalised bank

Nationalised bank, means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule to

No cause for such refusal

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 an...

Paid

Paid, means payable and is equivalent to offered or tendered, Mohammed Basbir v. Azizul Kadar, AIR 1967 All 1: (1966) AWR (HC) 442. Paid, takes in every receipt by the employee from the employer whether it...

High Court

the purposes of this Con-stitution. [Constitution of India, Article 366(14)] The High Court in s. 10F of the Companies Act means the High Court having jurisdiction in relation to the place at which the registered office of

Related person

are limited only to a distributor who is a relative of the assessee within the meaning of the Companies Act, 1956. So read, the definition of 'related person' is not unduly wide and does not suffer from

Reserve and provision

in the Act, it cannot be forgotten that it occurs in a taxing statute which is applicable to companies only and to no other assessable entities and as such the expression will have to be understood in

Secretary

Secretary, means an official-in-charge of a Department of Government, Webster American Dictionary, p. 1317. Secretary, one entrusted with the management of business; one who writes for another; the head of a Government department; an officer of...

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