Foreign Contribution - Law Dictionary Search Results
Home Dictionary Name: foreign contributionForeign contribution
Foreign contribution, means the donation, delivery or transfer made by any foreign source--(i) of any article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees.(ii) of any currency, whether Indian or foreign;(iii) of any foreign security as defined in clause (i) of s. 2 of the Foreign Exchange Regulation Act, 1973. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2(1)(c)]...
Foreign hospitality
Foreign hospitality, means any offer, not being a purely casual one, made by a foreign source for providing a person with the costs of travel to any foreign country or territory or with free board, lodging, transport or medical treatment. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2 (1) (d)]...
Contribution
Contribution, to any fund shall not include any sums in repayment of loan. [Income-tax Act, 1961 (43 of 1961), s. 80C(8)(ii)]Means the sum of money payable to the corporation by the principal employer in respect of an employee and includes any amount payable by or on behalf of the employee in accordance with the provisions of this Act. [Employees' State Insurance Act, 1948 (34 of 1948), s. 2(4)]The word 'contribution' used in the proviso must also be given its due meaning. It cannot be understood as donations. If that be so, a voluntary contribution cannot amount to a compulsive donation. If the donor, in order to gain an advantage or benefit, if he apprehends that but the contribution some adverse consequence would follow, makes a donation certainly it ceases to be voluntary, Municipal Corpn. of Delhi v. Children Book Trust, AIR 1992 SC 1456 (1472): (1992) 3 SCC 390. [Delhi Municipal Corporation Act, 1957, (66 of 1957), s. 115(4)(a), Proviso]The performance by each of two or more pers...
Association
Association, a writ or patent sent by the Crown to the justices appointed to take assizes to have others associated with them; it is usual where a judge becomes unable to attend to his circuit duties, or dies-Reg. Brev. 201. Also a company or partnership, q.v., and see SOCIETY.Means an association of individuals, whether incorporated or not, having an office in India and includes a society, whether registered under the Societies Registration Act, 1860, or not, and any other organisation, by whatever name called. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2 (1) (a)]Means any combination or body of individuals. [Unlawful Activities (Prevention) Act, 1967 (37 of 1967), s. 2 (a)]Two vital elements of an association are members and a common purpose for which they associate. If an association is constituted under a statute; it can be dissolved only in accordance with that statute; if it is organised on the basis of a contract, then it can be dissolved only in accordance wi...
Candidate for election
Candidate for election, means a person who has been duly nominated as a candidate for election to any Legislature. [Foreign Contribution (Regula-tion) Act, 1976 (49 of 1976), s. 2 (1) (b)]...
Registered newspaper
Registered newspaper, means a newspaper registered under the Press and Registration of Books Act, 1867. [Foreign Contribution (Regulation) Act, 1976 (49 of 1976), s. 2 (1) (i)]...
Foreign judgment
Foreign judgment, it is a well established pro-position in Private International law that unless a foreign Court has jurisdiction in the international sense, a judgment delivered by that Court would not be recognised or enforceable in India, Sankaran Govindan v. Lakshmi Bharathi, AIR 1974 SC 1764: (1975) 3 SCC 351: (1975) 1 SCR 57.Means the judgment of a foreign Court. [Code of Civil Procedure, 1908 (5 of 1908), s. 2 (6)]--A foreign judgment, i.e., a judgment of a foreign court, stands on a very different footing from a judgment of a court of this country. It cannot be enforced here by execution like an English judgment; it can only be enforced by bringing an action on it as if it were a contract, which of course it is not, though it is convenient to treat it as such. It is not strictly in this country res judicata, and therefore does not create an absolute estoppel. Nevertheless it is practically conclusive between the parties on the merits. Every presumption will be made in favour of...
capital contribution
capital contribution : a contribution of funds or property to the capital of a business by a partner, owner, or shareholder NOTE: Under the Internal Revenue Code, a capital contribution is generally excluded from a company's gross income, unless it is a loan from a shareholder that the company is released from repaying. ...
contribute
contribute -ut·ed -ut·ing vt : to make a contribution of vi : to make a contribution ...
Foreign exchange derivative contract
Foreign exchange derivative contract, means a financial transaction or an arrangement in what-ever form and by whatever name called, whose value in derived from price movement in one or more underlying assets, and includes:-(a) a transaction which involves at least one foreign currency other than currency of Nepal or Bhutan, or(b) a transaction which involves at least one interest rate applicable to a foreign currency not being a currency of Nepal or Bhutan, or(c) a forward contract, but does not include foreign exchange transaction for Cash or Tom or Spot deliveries. [Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000, Reg. 2 (v)]...
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