Corporation - Page 2 - Law Dictionary

Financial corporation

Financial corporation, means a Financial Corporation established under s. 3 and includes a Joint Financial Corporation established under s. 3A. [State Financial Corporations Act, 1951 (63 of 1951), s. 2 (b)]...

Deposit Insurance Corporation

Deposit Insurance Corporation, means the Deposit Insurance and Credit Guarantee Corporation established under s. 3 of the Deposit Insurance Corporation Act, 1961. [The Multi-State Co-operative Societies Act, 2002, s. 3 (j); Also see The Reserve Bank of India Act, 1934, s. 2 (bvi); The Banking Regulation Act, 1949, s. 5 (ff)]...

s corporation

s corporation A small business corporation with a limited number of shareholders. Its major significance is the fact that an S corporation usually avoids corporate income tax. Corporate losses can be claimed by the shareholders. Source: FindLaw ...

publicly held corporation

publicly held corporation : public corporation at corporation ...

closely held corporation

closely held corporation : close corporation at corporation ...

Ecclesiastical Corporations

Ecclesiastical Corporations. Corporations created for the furtherance of religion, and for the perpetuation of the rights of the church, the members of which are exclusively spiritual persons. They are of two kinds: corporations sole-viz., bishops, certain deans, parsons, and vicars; and corporations aggregate-viz., deans and chapters, and formerly prior and convent, abbot and monks, and the like. For a statutory definition see (English) 14 & 15 Vict. c. 104, s. 11....

small business corporation

small business corporation see corporation ...

National small industries corporation

National small industries corporation, means the National Small Industries Corporation Limited registered under the Companies Act, 1956 (1 of 1956). [Small Industries Development Bank of India Act, 1989, s. 2(j)]...

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 not chargeable in respect of agricultural income;(b) that no deduction in respect of the tax, paid by companies is, by any enactments which may apply to tax, authorised to be made from dividends payable by the companies to individuals:(c) that no provision exists for taking the tax so paid into account in computing for the purposes of Indian income tax the total income of individuals receiving such dividends, or in computing the Indian income tax payable by, or refundable to, such individuals. [Constitution of India, Art. 336(6)]...

Corporation owned or controlled by the State

Corporation owned or controlled by the State, the expression 'Corporation owned or controlled by the State' means any body corporate established by or under a Central, Provincial or State Act, and includes a Government company as defined in s. 617 of the Companies Act, 1956, a society registered under the Societies Registration Act, 1860, or under any corresponding law for the time being in force in a State, being a society established or admini-stered by Government and a co-operative society within the meaning of any law relating to co-operative societies for the time being in force in any State, being a co-operative society in which not less than fifty-one per centum of the paid-up share capital is held by the Central Government, or by any State Government or Governments, or partly by the Central Government and partly by one or more State Governments. [Land Acquisition Act, 1894 (1 of 1894), s. 3 (cc)]...

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