Founder - Law Dictionary Search Results
Home Dictionary Name: founder Page 1 of about 37 results ( seconds)Founder
Founder, means the originator or the person responsible for the establishment of the institution, Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741.As the founder of the institution, organization, or building is the person who got it started or caused it to be built often by providing necessary money, [Collins Cobuild English Dictionary, New Edn., p. 670]Founder, a person who endows an eleemosynary corporation or institution, or supplies the funds for its establishment, Black's Law Dictionary, 4th Edn., p. 667...
Founder of the institution
Founder of the institution, the expression 'founder of the institution' used in s. 13(3) (a) means that the person concerned should be the originator of the institution, or at least one of the persons responsible for the coming into existence of the institution. Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741 (757). [Income-tax Act, 1961, s. 13(3) (a)]Founder's shares, in English company law, shares issued to the founders of or vendors to, a public company as a part of the consideration for the business, or concession etc., taken over, and not forming a part of, the ordinary capital, (Corpus Juris Secundum, Vol. 37, p. 37). See also Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741....
founder
founder : one that founds or establishes: as a : one that establishes a foundation b : founding father ...
Ale-conner, or Ale-founder, or Ale-kenner
Ale-conner, or Ale-founder, or Ale-kenner [gustator, cerevisi' Lat.], one who kens or knows what good ale is; an officer appointed at a curt-leet, who is sworn to look at the assize and goodness of ale and beer within the precincts of the lordship, Kitch. 46. Thee were at one time four ale-conners, chosen by the liverymen of the City of London, in Common hall, on Midsummer-day, whose office it was to inspect the measures used in public-houses....
Founderous
Difficult to travel likely to trip one up as a founderous road...
Shebaitship
Shebaitship, property dedicated to an idol vests in it in an ideal sense only; ex necessitas, the possession and management has to be entrusted to some human agent. Such an agent of the idol is known as shebait in Northern India. The legal character of a shebait cannot be defined with precision and exactitude. Broadly described, he is the human ministrant and custodian of the idol, its earthly spokesman, its authorised representative entitled to deal with all its temporal affairs and to manage its property. As regards the administration of the debutter, his position is analogous to that of a trustee; yet, he is not precisely in the position of a trustee in the English sense, because under Hindu Law, property absolutely dedicated to an idol, vests in the idol, and not in the shebait. Although the debutter never vests in the shebait, yet, peculiarly enough, almost in every case, the shebait has a right to a part of the usufruct, the mode of enjoyment; and the amount of the usufruct depen...
Graveyard
Graveyard, Under the Mahomedan Law the graveyards may be of two kinds - a family or private graveyard and a public graveyard. A graveyard is a private one which is confined only to burial of corpses of the founder, his relations or his descendants. In such a burial ground no person who does not belong to the family of the founder is permitted to be bury to his dead. On the other hand if any member of the public is permitted to be buried in a graveyard and this practice grows so that it is proved by instances adequate in character, number and extent, then the presumption will be that the dedication is complete and the graveyard has become a public graveyard where the Mahomedan public will have the right to bury their dead. It is also well settled that a conclusive proof of the public graveyard is the description of the burial ground in the revenue records as a public graveyard, Syed Mohd. Salie Labbai v. Mohd. Hanifa, AIR 1976 SC 1569 (1584): (1976) 4 SCC 780: (1976) 3 SCR 721.Once a Ka...
Foundation
Foundation, the founding or building of a college or hospital. The word is taken in two different senses, 'fundatio incipiens' and 'fundatio perficiens'; as to the politic capacity, the act of incorporation is metaphorically called the foundation, but as to the dotation, the first gift of the revenues is called the foundation, and he who gives it is the founder in law [Sutton's Hospital case, (1613) 10 Rep 1; 1 Bl. Com. 468].The basis on which something is supported, esp. evidence or testimony that establishes the admissibility of other evidence, Black's Law Dic-tionary, 7th Edn., p. 667.The founding or building of a college or hospital. The incorporation or endowment of a college or hospital is the foundation; and he who endows it with land or other property is the founder, Black's Law Dictionary, 4th Edn. See also Director of Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741....
Succession to this office
Succession to this office, the word 'succession' in relation to property and rights and interests in property generally implies 'passing of an interest from one person to another' vide in re Hindu Women's Right to Property Act, 1941). It is now well-established that the office of a hereditary trustee is in the nature of property. This is so whether the trustee has a beneficial interest of some sort or not. (See Ganesh Chander Dhur v. Lal Behari, AIR 1936 PC 318: 71 MLJ 740 and Bhabatatini v. Ashalata, AIR 1943 PC 89: 46 BLR 212) Ordinarily a Shebaitship or the office of Dharmakartha is vested in the heirs of the founder unless the founder has laid down a special scheme of succession or except when usage or custom to the contrary is provided to exist, Sambudamurthi Mudaliar v. State of Madras, AIR 1971 SC 2363: (1970) 1 SCC 4: (1970) 2 SCR 424....
Corody, or corrody
Corody, or corrody [fr. Conredium, corredium, conrodium, corrodium, Monk. Lat.; correlare, Ital., to fit out], a sum of money or allowance of meat, drink, and clothing due to the Crown from the abbey or other religious house, whereof it was founder, towards the sustentation of such one of its servants as is thought fit to receive it. It differs from a pension in that it was allowed towards the maintenance of any of the King's servants in an abbey; a pension being given to one of the king's chaplains, for his better maintenance, till he may be provided with a benefice, Fitz. N.B. 250....
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