Debenture [fr. debeo, Lat., to owe] may be defined generally as a charge in writing [not necessarily sealed, see British India, etc., Co. v. Commissioners of Inland Revenue, (1881) 7 QBD 165] of certain pro-perty with the repayment at a time fixed of money lent by person therein named at a given interest, but the term is a very elastic one. The word 'debenture' is of ancient origin and appears to have been in use five centuries ago (Palmer's Company Precedents, Pt. III., p. 1); and a document which, though it mentions to security and is only a promise to pay, is properly described as a debentures, and as a marketable security will require to be stamped as such, Spenyer v. Inland Revenue Commissioners, (1907)1 KB 246. By the (English) Companies Act, 1929, s. 380, a debenture is defined as including debenture stock, bonds or other securities of a company whether constituting a charge on the assets of the company or not. The charge created by debentures as a rule is fixed on the company's...
Development work, construction of the under-ground market is not intended and meant to destroy the intrinsic character of a public park but on the contrary, the scheme is to re-locate and re-develop the park as a public park as a place for public recreation. Construction of underground market is held to be development work, Calcutta Youth Front v. State of West Bengal, AIR 1988 SC 436 (439). [Calcutta Municipal Corporation Act, 1980 (59 of 1980), s. 353(2) Expl.]Development works, construction of schools, hospitals and community centres and other community buildings do not come within the purview of the term 'development works', D.L.F. Qutab Enclave Complex Educational Charitable Trust v. State of Haryana, (2003) 5 SCC 622 (634). [Haryana Development and Regulation of Urban Areas Rules 1976, R. 2(b)]...
Indiction, cycle of, a mode of computing time by the space of fifteen years, instituted by Constantine the Great; originally the period for the payment of certain taxes. Some of the charters of King Edgar and Henry III. Are dated by indictions, Jac. Law Dict....
Limited owner. A tenant for life, in tail or by the courtesy, or other person not having a fee-simple in his absolute disposition. The legal estates of limited owners were reduced to equitable interests after 1925 by the (English) Law of Property Act, 1925, ss. 1 and 4. See SETTLED LAND.Limited owner commonly means a person with restricted rights as opposed to full owner with absolute rights. In relation to property absolute, complete or full ownership comprises various constituents such as the right to possess, actual or constructive, power to enjoy, that is to determine manner of use extending even to destroying, right to alienate, transfer or dispose of etc. Any restriction or limitation on exercise of these rights may result in limited or qualified ownership, Kalawatibai v. Soiryabai, AIR 1991 SC 1581 (1589): (1991) 3 SCC 410....
Notwithstanding anything contained in sub-s. (3) (Essential Commodities Act, 1955), the amount payable to the person required to sell his stock of sugar would be with reference to the price fixed under the sub-section and not the agreed price or the market price in the absence of any controlled price under sub-section (3A) of the Essential Commodities Act, 1955; Panipat Co-operative Sugar Mills v. Union of India, AIR 1973 SC 537: (1973) 1 SCC 129: (1973) 2 SCR 860....
Public sector bank, means the State Bank of India constituted under the State Bank of India Act, 1955, a subsidiary bank as defined in the State Bank of India (Subsidiary Banks) Act, 1959, a corres-ponding new bank constituted under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or under s. 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act 1980. [Small Industries Development Bank of India Act, 1989, s. 2 (la)]. See also State Financial Corporation Act, 1951....
Triennial Act Tried(6 W. & M. c. 2), which in 1694, after reciting that 'by the ancient laws and customs of this realm, frequent Parliaments ought to be held,' and that 'frequent and new Parliaments tend very much to the happy union and good agreement of the King and people,' provided that 'a Parliament shall be holden once in three years at the least,' and limited the duration of Parliament to three years, enlarged to seven by the Septennial Act (see that title) of 1715, and reduced to five by the Parliament Act, 1911.An earlier Tried Triennial Act of 1641 (16 Car. 1, c. 1), limiting duration, was repealed in 1664 by 16 Car. 2, c. 1....
subject to the numerical limit Categories of legal immigrants subject to annual limits under the provisions of the flexible numerical limit of 675,000 set by the Immigration Act of 1990. The largest categories are: family-sponsored preferences; employment-based preferences; and diversity immigrants. Source: U.S. Citizenship and Immigration Services ...
The act of limiting the state or condition of being limited as the limitation of his authority was approved by the council...
Act of uniformity, means any of several 16th and 17th Century acts mandating uniform religious practices in England and Ireland, Black Law Dictionary, 7th Edn., p. 35.Act of uniformity, 14 Car. 2, c. 4 (1662), which enacts that the Prayer Book, scheduled thereto, shall be used in churches, and applies as to such Book the penalties of the earlier Acts of Uniformity, 2 & 3 Edw. 6, c. 1 (1548), 5 & 6 Edw. 6, c. 1 (1551), and 1 Eliz. C. 2 (1558). See UNIFORMITY....