Government Undertaking - Law Dictionary Search Results
Home Dictionary Name: government undertakingGovernment undertaking
Government undertaking, means any industrial undertaking carried on--(i) by a department of the Government, or(ii) by a corporation established by a Central, Provincial or State Act, which is owned or controlled by the Government, or(iii) by a Government company as defined in s. 617 of the Companies Act, 1956. [Patents Act, 1970 (39 of 1970), s. 2 (1) (h)]...
Performance guarantee
Performance guarantee, includes the documents such as letter of comfort, paper purchase agreement, state support agreement, concession agreement for infrastructure project and other agreements guaranteed in certain performance on behalf of government departments, public sector undertakings, local authorities, statutory boards, corporations and cooperative institutions. [West Bengal Ceiling on Government Guarantees Act, 2001, s. 2(d)]...
Implementing agency
Implementing agency, includes any department of the Central Government or a State Government, a Zila Parishad, Panchayat at intermediate level, Gram Panchyat or any local authority or Govern-ment undertaking or non-governmental organisa-tion authorised by the Central Government or the State Government to undertake the implementa-tion of any work taken up under a scheme. [National Rural Employment Guarantee Act, 2005 (42 of 2005), s. 2(g)]...
Industrial undertaking
Industrial undertaking, means any undertaking pertaining to a scheduled industry carried on in one or more factories by any company but does not include--(i) an ancillary industrial undertaking as defined in clause (aa) of s. 3 of the Industries (Development and Regulation) Act, 1951; and(ii) a small scale industrial undertaking as defined in clause (j) of the aforesaid s. 3. [Sick Industrial Companies (Special Provisions) Act, 1985 (1 of 1986), s. 3 (1) (f)]Means any undertaking pertaining to a scheduled industry and includes an undertaking engaged in any other industry, or in any trade, business or service which may be regulated by Parliament by law. [Central Industrial Security Force Act, 1968 (50 of 1968), s. 2 (1) (b)]Means any undertaking pertaining to a scheduled industry carried on in one or more factories by any person or authority including Government. [Indus-tries (Development and Regulation) Act, 1951 (65 of 1951), s. 3 (d)]...
Industrial undertaking in public sector
Industrial undertaking in public sector, means an industrial undertaking owned, controlled or man-aged by--(i) a Government company as defined in s. 617 of the Companies Act, 1956;(ii) a corporation established by or under a Central Provincial or State Act, which is controlled or managed by the Government. [Central Industrial Security Force Act, 1968 (50 of 1968), s. 2 (1)]...
Dealer, auction
Dealer, auction, a person who in the normal course of his business attends sales by auction for the purpose of purchasing goods with a view to reselling them, Auctions (Bidding Agreements) Act, 1927, s. 1(2) (UK), Halsbury's Laws of England (2), para 944, p. 461.means a person carrying on the business of selling fertilisers, whether wholesale or retail (or industrial use), and includes a manufacturer and a pool-handling agency carrying on such business and the agents of such person, manufacturer or pool-handling agency, State of Punjab v. Gunomajra Cooperative Agriculture Service Society Ltd., (2000) 9 SCC 210.There is nothing either in the main definition in s. 2(5) or in the Explanation of the Orissa Taxation (on Goods Carried by Road and Inland Water ways) Act, 1959 to suggest that the manager or agent of the dealer (principal) should have his own business within the State of Orissa before he could be proceeded against or assessed under the Act. It would be sufficient if the manager...
Government assurances
Government assurances, is the assurances, pro-mises, undertakings given by ministers for time to time on the floor of the House; for ensuring their implementation in reasonable time, Committee on Government Assurances was set up in Lok Sabha which scrutinizes the assurances and examines whether they were implemented within reasonable time and presents its report to the House, Practice and Procedure of Parliament M.N. Kaul and S.L. Shakdher, 5th Edn., 2001, p. 860.Rajya Sabha has a separate Committee which scrutinizes the assurances given by ministers on the floor of the House, Rule of Procedure and Conduct (Rajya Sabha) Business in the Council of States, 5th Edn., July 2000, r. 212A (Rajya Sabha)...
Public property
Public property, means any property, whether immovable or movable (including any machinery) which is owned by, or in the possession of, or under the control of--(i) the Central Government; or(ii) any State Government; or(iii) any local authority; or(iv) any corporation established by, or under, a Central, Provincial or State Act; or(v) any company as defined in s. 617 of the Companies Act, 1956; orany institution, concern or undertaking which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Prevention of Damage to Public Property Act, 1984 (3 of 1984), s. 2 (b) (i)]...
Public sector undertaking
Public sector undertaking, means the enterprises having equity contribution of more than 50% from the Government of Rajasthan, whether departmental or non-departmental. [Rajasthan Agricultural Produce Market Act, 2005, s. 2(k)]...
Floating security
Floating security, in an equitable charge on the assets for the time being of a going concern. If attaches to the subject charged in the varying condition in which it happens to be from time to time. It is of the essence of such a charge that it remains dormant unit the undertaking charged ceases to be a going concern, or unit the undertaking charged cases to be a going concern, or until the person in whose favour the charge is created intervenes, Governments Stock and other Securities Investment Co. Ltd. v. Manila Railway Co. Ltd., (1897) AC 81....
- << Prev.
- Next >>