Dissolved Company - Law Dictionary Search Results
Home Dictionary Name: dissolved companyDissolved Company
Dissolved Company, 'dissolved company' means the Institute of Company Secretaries of India registered under the Companies Act, 1956, [Company Secretaries Act, 1980 (56 of 1980), s. 2(1)(e)]...
Bona vacantia
Bona vacantia, things found without any apparent owner which belong to the first occupant or finder, unless they be whale or sturgeon, wreck, treasure trove, waifs or estrays (see those titles), which belong to the Crown by virtue of its prerogative. So personal property held on trusts which have failed, or held in trust for a corporation which has been dissolved, belongs to the Crown as bona vacantia; see Re Higginson, (1898) 1 QB 325, and cases there cited. By the (English) Companies Act, 1929, s. 296, the property of a dissolved company including property held on trust for it shall, subject to the provisions of the Act, become bona vacantia. Before the Act was passed freehold and leasehold property reverted to the grantor. Hastings Corporation v. Letton, (1908) 1 KB 378, s. 296 is not retrospective, Re Katherine Ltd., (1932) 1 Ch 70, and (1933) 2 Ch 29. As to the rights of the Crown, the Duchy of Lancaster or the Duke of Cornwall to bona vacantia, see (English) Administration of Est...
dissolvent
Having power to dissolve power to dissolve a solid body as the dissolvent juices of the stomach...
Company
Company [fr. compagnia, Ital., which word is still printed on Bank of England notes as 'compa'], a body of persons associated for purposes of busi-ness, sometimes, but not now so frequently as some years ago, styled a Joint Stock Company.A company has its origin either (1) in a charter, as the Bank of England and many insurance companies; or (2) in a special Act of Parliament, with which, as authorizing an undertaking of a public nature such as a railway, the Companies Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 16), is necessarily incorporated; or (3) in registration under the Companies Acts, 1862 and subsequent Acts, now consolidated into the (English) Companies Act, 1925 (19 & 20 Geo. 5, c. 23).By s. 13 of the Act of 1925 (1) on the registration of the memorandum of a company the registrar shall certify under his hand that the company is incorporated and, in the case of a limited company, that the company is limited. (2) From the date of incorporation mentioned in the certificat...
notice of intent to dissolve
notice of intent to dissolve A document informing the secretary of state that your corporation will be dissolving ...
Dissolve
To separate into competent parts to disorganize to break up hence to bring to an end by separating the parts sundering a relation etc to terminate to destroy to deprive of force as to dissolve a partnership to dissolve Parliament...
Dissolved acetylenes cylinder
Dissolved acetylenes cylinder, means a cylinder having a value and with or without safety devices, containing a porous mass, a solvent for the storage of dissolved acetylenes and at least sufficient acetylence to saturate the solvent at atmospheric preasure and at a temperature of +15'C [Gas Cylinder Rules, 2004, R. 2(xiii)]...
Marriage has been dissolved by decree of divorce
Marriage has been dissolved by decree of divorce, Phrase 'marriage has been dissolved by decree of divorce' in s. 15 of the Hindu Marriage Act, 1955 means where the relationship of marriage has been brought to an end by intervention of Court by a decree. This decree will include a decree under s. 11, 12 or 13, Lata Kamat v. Vilas AIR 1989 SC 1477 (1481): (1989) 2 SCC 613: (1989) 2 SCR 137. [Hindu Marriage Act, 1955, s. 15]...
company
company pl: -nies : an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership finance company : a company that makes usually small short-term loans to individuals growth company : a company that grows at a greater rate than the economy as a whole and that usually directs a relatively high proportion of income back into the business holding company : a company whose sole function is to own and control other companies investment company : a company that earns income solely or primarily by holding and investing in securities issued by other companies or by government agencies joint-stock company : a business organization whose capital is represented by shares owned by stockholders each of whom is personally liable for the company's debts limited liability company : an unincorporated company formed under applicable state statute whose members cannot be held liable for the acts, debts, or obligations of the company and that ma...
Private company
Private company. A 'private company' is defined by s. 26 of the (English) Companies Act, 1929, as follows:-Company privately formed by members who subscribe the whole of the capital among them-selves.26. --(1), For the purposes of this Act the expression 'private company' means a company which by its articles-(a) restricts the right to transfer its shares; and(b) limits the number of its members to 50, not including persons who are in the employment of the company and persons who, having been formerly in the employment of the company, were, while in that employment and have continued after the determination of such employment to be, members of the company; and(c) prohibits any invitation to the public to subscribe for any shares or debentures of the company.(2) Where two or more persons hold one or more shares in a company jointly they shall, for the purposes of this section, be treated as a single member.S. 27, ibid., provides that if a company alters its articles so that the provisio...
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