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Capital

for the purposes of a company or any other undertaking or business. See ALTERATION OF CAPITAL, COMPANY, PROSPECTUS, DIRECTORS. In the Settled Land Act, 1925, capital money arising under the Act means capital money arising under the … Payment of Bonus Act, 1965. It must, therefore, be understood in the sense in which that expression is generally understood. That means all amounts which are classified as capital in contrast to revenue must qualify for deduction

Public prosecutor

King's peace, his Crown and dignity. By the (English) Prosecution of Offences Act, 1879, an officer called the' Director of Public Prosecutions' may be appointed with six assistants, and such an officer (the late J.B. Maule, Esq., … State of Bihar v. Kameshwar Singh, AIR 1952 SC 252. Public purpose, include the purpose in which the general interest of the society as opposed to the particular interest of the individual is directly and vitally concerned,

Proceeding

Proceeding, is wider in amplitude than the word 'case'. It may also include administrative proceeding, Ram Narian v. Director of Consolidation, AIR 1965 All 172. Means a prescribed course of action for enforcing a legal right. It … are litigation in connection with the further progress of a case. The meaning of the word 'proceeding' is generally governed by the statute itself, John Mithalal Desai v. Dinesbhai, 1997 3 Guj LR 2103. Means something in

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Manufacture

a process a different entity comes into existence then it can be said that this was manufactured, Regional Director, Employees State Insurance Corporation v. Ram Chander, (1988) Supp SCC 90. 'Manufacture' implies a change, but every change … different article must emerge having a distinctive name, character or use, Union of India v. Delhi Cloth and General Mills, AIR 1963 SC 791. Implies a change, but every change is not manufacture and yet every change

Master

Master [fr. meester, Dut.; maistre, Fr.; magister, Lat.], a director; a governor; a teacher; one who has servants; the head of a college; the captain of a ship;

Unclaimed property

to property which has come into possession of the police in connection with a criminal matter, see the general Police (Property) Act, 1897 (60 & 61 Vict. c. 30). See RESTITUTION OF STOLEN GOODS. … 1862 (now repealed), 'all dividends unclaimed for three years after having been declared may be forfeited by the directors for the benefit of' a company under that Act; but the Act is silent as to capital stock.

Payable

the price given in the invoice can therefore not have the attribute of having become 'payable' by him, Director, Enforcement Directorate, Ministry of Finance v. K.O. Krishnaswamy, AIR 1979 SC 1969 (1971): (1980) 1 SCC 280: (1980) … Payable, 'payable' generally means that which should be paid, New Delhi Municipal Committee v. Kalu Ram, AIR 1976 SC 1637 (1639):

Power of Court to order meeting to be called

Act or the articles, the Court may, either of its own motion or on the application of any director of the company, or of any member of the company who would be entitled to vote at the … If for any reason it is impracticable to call a meeting of a company, other than an annual general meeting, in any manner in which meetings of the company may be called, or to hold or conduct

Ultra vires

powers. An act done ultra vires a corporation means that it is 'an act which the company in general meeting could not authorize, and an act which, if every individual corporator assented to it, would still remain … Co. v. Riche, (1875) LR 7 HL 653, where the Houseof Lords held that a contract by the directors of a company incorporated under the Companies Act, 1862, if it be outside the Memorandum of Association, neither

Includes

to their natural import but also those things which the interpretation clause declares that they shall include, Regional Director, E.S.I. Corpn. v. High Land Coffee Works, (1991) 3 SCC 617 AIR 1992 SC 129. The word 'includes' … category; (iii) to contain as a secondary or minor ingredient or element. It is no doubt true that generally when the word 'Include' is used in a definition clause it is used as a word of enlarge-ment,

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