Director General - Law Dictionary Search Results
Person
(65 of 1980), s. 2(d)] It includes the Government. [Patents Act, 1970 (31 of 1970), s. 2(1)(s)] The General Clauses Act, 1897 defines that 'person shall include any company or association or body of individuals whether incorporated … 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, (2006) 129
Book of account
(c) the assets and liabilities of the company: these books are to be open to inspection by the directors-heavy penalties for non-compliance are imposed. The auditors are to have access at all times, s. 134. The expression … at all times, s. 134. The expression 'books of accounts' means books in which merchants, traders or businessmen generally keep their accounts, i.e., statements of debits and credits or receipts and payments. A register kept at the
Contributory
Re Discoveries Finance Corporation, (1910) 1 Ch 312, but see Hyam's Case, (1859) 1 De 9 F&J 75. Directors with unlimited liability of a limited company are (in addition) liable as if they were members of an … they have ceased to hold office for a year or upwards before the commencement of the winding-up. See generally (English) Companies Act, 1929, ss. 157-192; COMPANY, and LIMITED LIABILITY.
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Control of a company
is entitled to exercise, or control the exercise of one-third or more of the voting power at any general meeting of the company or of another company which has control of it; and where two or more … a company, means a person is to be taken as having control of a company if (1) the directors of the company or of another company which has control of it, or any of them, are accustomed
Text book
particular subject like say, books of drawing, it might be said to be a textbook, Gopala Chetty v. Director of Public Instruction, Mysore, AIR 1955 Mys 81: 1955 ILR Mys 203. A legal treatise which lays down … Vendors and Purchasers. They are, of course, not binding on the Court, but some of them are by general consent treated as guiding authorities: see Ecclesiastical Commissioners v. Parr, (1894) 2 QB 428, per Lord Esher, M.R.
Falsification
of accounts, Re Arton, (1896) 1 QB 509; R. v. Palin, (1906) 1 KB 7. 4. Falsification by Director or other Officer of a Company.--The (English) Companies Act, 1929, by s. 272 makes this a misdemeanour on … 3(3) of the (English) Forgery Act, 1913 (3 & 4 Geo. 5, c. 27); and see the Act generally. 3. Books or Accounts by Clerks.--The (English) Falsification of Accounts Act, 1875 (37 & 39 Vict. c. 24),
Foreign company
regulations are made for companies incorporated in the Channel Islands and the Isle of Man (s. 343). The general provisions of the Companies Act, 1929, relating to charges on property in England and on property there acquired … of companies of a copy or translation of the instrument and regulations constituting the company, a list of directors with the statutory particulars and the names and addresses of one or more residents in Great Britain for
Winding-up
by the company, but only so far as the assets are insufficient to meet the claims of the general creditors. Transactions which would be avoided against an individual in his bankruptcy as a fraudulent preference (Bankruptcy Act, … continue until it is dissolved (s. 228). A Member's Voluntary Winding-up.-The name of a voluntary winding-up where the directors or a majority of them have made a statutory declaration that the company will be able to pay
Shop
385. Shop, is a place where services are sold on retail basis, Hindu Jea Band, Jaipur v. Regional Director, Employees' State Insurance Corporation, Jaipur, AIR 1987 SC 1166. Means (i) a place especially a small building for … the closing of shops. Shops are to be closed not later than 8 P.M. (this is called the general closing hour), but on one day in the week they may be closed not later than 9 P.M.,
Salary or wages
2(21) of the Act is wide enough to cover the payment of retaining allowance to the work-men, Managing Director, Chalthan Vibhag Sahakari Khand Udyog v. Government Labour Officer, AIR 1981 SC 905: (1981) 2 SCC 147: (1981) … transfer of interest in movable property being denoted by the word 'barter', CIT, Andhra Pradesh v. Motors and General Stores Pvt. Ltd., (1967) 66 ITR 692. Sale, is a transfer of ownership in exchange for a price,
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