Financial Reports - Law Dictionary Search Results
Home Dictionary Name: financial reportsfinancial reports
financial reports Reports that show the financial status of a company at a given time ...
Quarterly report
Quarterly report, means a financial report issued by a corporation (and by most mutual funds and investment managers) every three months, Black's Law Dictionary, 7th Edn., p. 1257....
annual report
annual report : a written report distributed to shareholders each year by a corporation that sets forth financial information (as an auditor's report, the selling prices of the corporation's stock, and the yearly profit) as well as statements by the corporation's management ...
presentence report
presentence report : a report prepared by a probation officer upon conviction of a defendant that assists the sentencing court in imposing an appropriate sentence NOTE: The information contained in a presentence report includes the defendant's prior criminal history (if any) and relevant (as financial) circumstances, the appropriate classification of the defendant and of the offense under the established classification system, the kinds and range of sentences and programs available, and the impact of the offense on the victim. ...
Financial Institution
Financial Institution, means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in s. 51 of that Act); or any other financial institution which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Income Tax Act, 1961 (43 of 1961), s. 80E(3)(b)]Means:(i) a public financial institution within the meaning of s. 4A of the Companies Act, 1956;(ii) such other institution as the Central Government may, having regard to its business activity and the area of its operation in India by notification, specify. [Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), s. 2 (h)]Financial institution means:(i) a public financial institution within the meaning of s. 4A of the Companies Act, 1956 (1 of 1956);(ii) any institution specified by the Central Govern-ment under sub-clause (ii) of clause (h) of s. 2 of the Recovery of Debts Due to Banks and Fina...
Law Reports
Law Reports. Reports of judgments of courts on points of law, published for the purpose of being used as precedents (see (REPORTS). Prior to 1865, these reports were all executed and published as mere private speculations, one reporter or pair of reporters being usually, though not always, accredited by the chief judge of each Court. For an account of these reporters and their works, see Handbook of English Law Reports, by Master Fox. In 1865 'The Incorporated Council of Law Reporting for England and Wales' began to publish monthly the reports called The Law Reports. These, though perhaps the best known, have no monopoly-for contemporaneous monthly reports are published under the name of The Law Journal, and contemporaneous weekly reports under the names of The Law Times Reports, The Solicitors' Journal and Weekly Reporter and All England Reports, and The Times Law Reports. All reports made by members of the Bar and published on their responsibility may be cited in argument. For abbrev...
Big Board
The New York Stock Exchange a nickname often used in financial reporting...
Financial non-viability
Financial non-viability, The expression 'financial non-viability' has not been defined in the Income Tax Act but the Finance Minister's speech, the Notes on Clauses of the Bill and the Memorandum explaining the provisions thereof make it clear that the financial non-viability of an undertaking has been equated with the 'sickness' of such undertak-ing and obviously in the context of its revival by a sound undertaking the sickness must be of a temporary character and not any basic or permanent sickness. An undertaking which is basically or potentially non-viable will ordinarily be incapable of revival and would face a closure; in other words, the financial non-viability spoken of by the s. must refer to sickness brought about by temporary adverse financial circumstances that disables the unit to stand and work on its own. Since the expression is occurring in a taxing statute in the context of amalgamation of companies it will have to be understood in its popular sense, that is to say, th...
Annual Financial Statement
Annual Financial Statement, means a statement made by the Minister-incharge of Finance in the legislature containing the probable income and expenditure of the Government for any year; familiarly known as Budget. Parliamentary Practice, Erskin May, 22nd Edn., p. 788.In U.K., this statement is made by the Chancellor of the Exchequer in the House of Commons when he has completed his estimate of the probable income and expenditure for the financial year, Parliamentary Practice, Erskine May, 22nd Edn., p. 788.It contains his view of the resources of the country; it declares whether the burdens upon the people are to be increased or diminished, Parliamentary Practice, Erskine May, 22nd Edn., p. 788.The Annual Financial Statement or the Statement or the Statement of the Estimated Receipts and Expenditure of the Government of India in respect of each financial year, known as the 'Budget', is presented to Lok Sabha on such day as the President may direct, Rules of Procedure and Conduct of (Raj...
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)]...
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