Gear Up - Law Dictionary Search Results
Home Dictionary Name: gear upgear up
To prepare for an event or activity as to gear up for the election campaign...
Change gear
A gear by means of which the speed of machinery or of a vehicle may be changed while that of the propelling engine or motor remains constant called also change speed gear...
Clash gear
A change speed gear in which the gears are changed by sliding endwise...
Bevel gear
A kind of gear in which the two wheels working together lie in different planes and have their teeth cut at right angles to the surfaces of two cones whose apices coincide with the point where the axes of the wheels would meet...
Hookes gearing
Spur gearing having teeth slanting across the face of the wheel sometimes slanting in opposite directions from the middle...
Irreversible steering gear
A steering gear esp for an automobile not affected by the road wheels as when they strike an obstacle side ways but easily controlled by the hand wheel or steering lever...
landing gear
The wheels and attached structures under an airplane that support it and allow it to move when on the ground also the floats or pontoons of an amphibious airplane together with their supporting structures Landing gear may be fixed rigidly in place or retractable when in flight...
Winding-up
Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies.The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are not sufficient to meet the liabilities, a company is usually wound up by the Court. In other cases the winding-up is usually voluntary and conducted by the company itself either with or without the supervision of the Court. The provisions of the (English) Companies Act, 1929, govern a winding-up in any of these three modes (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be...
Voluntary winding up and winding up by the court
Voluntary winding up and winding up by the court, the expressions 'voluntary winding up' and 'winding up by the Court' have acquired a technical meaning in our Company and Insurance jurisprudence. Like the Co-operative Society Laws, the Companies Act and the Insurance Act also make a distinction between the cessation of business by a company and its voluntary winding up or winding up by an order of the Court. There is nothing unequivocal in s. 15(a) of the Act to show that Parliament intended to depart from the technical meaning of 'voluntary winding up' and 'winding up by the Court' and to bid a good-bye to the distinction in our Company and Insurance jurisprudence between mere cessation of business by a company and its voluntary winding up or winding up by an order of the Court. The phrase 'voluntarily wound up' in the first limb would mean the voluntary winding up of an insurance public company in accordance with s. 54 of the Insurance Act, The Neptune Assurance Co. Ltd.v. Union of ...
wind up
wind up wound up wind·ing up : to bring to an end by taking care of unfinished business [ordered to wind up his practice] ;specif : to conclude by removing liabilities and distributing any remaining assets to partners or shareholders [wind up the business and affairs of a corporation in dissolution] [wind up a receivership] ...
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