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Association not for Profit

Association not for Profit, By s. 18 of the Companies Act, 1929, an association for promoting commerce and science, religion, charity or other useful object without distributing any

Board

Acts, a Local Board under the Public Health Acts; or elected as directors by the shareholders in public companies. Means the Board of Directors of a Credit Information Company. [Credit Information Companies (Regulation) Act, 2005 (30 of

Accounts, falsification of

defrauding the employer, is within the Act, R. v. Solomons, (1909) 2 KB 980. As to officers of companies and bodies corporate keeping fradulent accounts, etc., see (English) Larceny Act, 1861 (24 & 25 Vict. C. 96),

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Borrower

any other credit facility by a credit institution and includes a client of a credit institution [Credit Information Companies (Regulation) Act, 2005 (30 of 2005), s. 2(b)] --Means any person who has been granted financial assistance by

Chancery

estates; wardship of infants and care of their estates and many other matters assigned by Statute, e.g., (English) Companies (Companies Act, 1929), Law of Property (Settled Land and Trustee) Acts, 1925, (English) Land Registration Act, 1925, Life

Corporation Profits Tax

of 5 per cent. imposed by the Finance Act, 1920, ss. 52-56, on the profits of all limited companies with a few exceptions, e.g., gas, water, dock and railway companies, and the like. Subsequent legislation extended the

Dominion Register

A branch register of members in any part of His Majesty's Dominions where a company registered under the Companies Act, 1929, may be carrying on business, of the names of members resident in that part. The register

Corporation Tax

Corporation Tax, 'corporation tax' means any tax on income, so far as that tax is payable by companies and is a tax in the case of which the following conditions are fulfilled: (a) that it is

Court

for executing the decree in question is 'a court' within the scope of s. 45C of the Banking Companies Act, Ram Narain v. Simla Banking and Industrial Co. Ltd., AIR 1956 SC 614 (624): 1957 SCR 220.

Date of finalisation of the duly audited accounts

the audited accounts of the company are adopted at the annual general meeting of the company. [Sick Industrial Companies (Special Provisions) Act, 1985, s. 3 (1) (da)]

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