Finalisation - Law Dictionary Search Results

Home Dictionary Name: finalisation

Date of finalisation of the duly audited accounts

Date of finalisation of the duly audited accounts, means the date on which 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)]...

finalisation

same as finalization...

Misconduct

Misconduct, is a relative term. It has to be considered with reference to the subject-matter and the context wherein such term occurs. It literally means wrong conduct or improper conduct, R.D. Saxena v. Balram Prasad Sharma, (2000) 7 SCC 264.Misconduct, means 'A transgression of some established and definite rule of action, a forbidden act, a dereliction from duty, unlawful behaviour, wilful in character, improper or wrong behaviour; its synonyms are misdemeanour, misdeed, misbehaviour, delinquency, impropriety, mismanagement, offence, but not negligence or carelessness, (Black's Law Dictionary), N.G. Dastane v. Shrikant S. Shivde, (2001) 6 SCC 135.The word 'misconduct' is not capable of precise definition, but at the same time though incapable of precise definition, the word 'misconduct' on reflection receives its connotation from the context, the delinquency in performance and its effect on the discipline and the nature of duty. The act complained of must bear a forbidden quality or...

Resale

Resale, a second sale.Resale, means a sale of purchased goods(i) in the same form in which they were purchased; or(ii) without using them in the manufacture of any goods or without doing anything to them which amounts to or results in, a manufacture. [The Gujarat Value Added Tax Act, 2003, s. 2(21)]Means a sale of purchased goods(i) in the same form in which they were purchased; or(ii) without doing anything to them which amounts to, or results in, a manufacture, and the word 'resell' shall be construed accordingly. [The Maharashtra Value Added Tax Act, 2002, s. 2(22)]Means a sale that has finalised and has resulted in passing the judgment-debtor's property to the purchaser. If a sale, on objections having been raised or because of the necessary deposit having been made by the judgment-debtor, is set aside, it should be regarded as having never taken place, Shri Ram Jogutram v. Dev Barat L. Biharilal, AIR 1956 Pepsu 102....

Thereafter

Thereafter, is merely indicative of the sequence of the second obligation to deposit the future rents; it is certainly not suggestive of the fact that if the first obligation for any reason cannot be complied with then the occasion to comply with the second obligation does not arise or that it automatically comes to an end. It would be unthinkable that could be the intention of legislature, Jamnalal v. Radheshyam, (2000) 4 SCC 380.Means after the list is finalized on the completion of revision of valuation and assessment, New Delhi Municipal Committee v. LIC, AIR 1977 SC 2134: 1977 (4) SCC 84.The word thereafter' means 'after the list is finalised and 'duly made' evidently refers to the exercise of the amending power u/s. 67, New Delhi Municipal Committee v. Life Insurance Corporation of India, AIR 1977 SC 2134: (1977) 4 SCC 84: (1978) SCR 279....

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