Indian Entity - Law Dictionary Search Results

Core activity

Core activity, means activity carried on by an Indian entity which constitutes at least 50% of its average turnover in the previous accounting year. [Foreign Exchange Management (Transfer

accordance with the laws and regulations of that country and in which investment has been made by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, Reg. 2 (f)]

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Wholly owned subsidiary abroad

in accordance with the laws and regulations of that country and whose entire capital is owned by an Indian entity. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, s. 2 (h)]

Bailment

taking possession is liable to some extent for loss or damage to the property, Webster's Dictionary of Law, Indian Edn. (2005), p. 41. Bailment, is a delivery of personal chattels on trust, usually on a contract, express … property (as goods) for a limited time or specified purpose (as transportation) such that the individual or business entity taking possession is liable to some extent for loss or damage to the property, Webster's Dictionary of Law,

Bond holder

holder, means a person or business entity that holds a government or corporation bond, Webster's Dictionary of Law, Indian Edn. (2005), p. 57.

Host country

Host country, means the country in which the foreign entity receiving the direct investment from an Indian party is registered or incorporated. [Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2000, R.

Corporation

under s. 20 Expln of CPC mean not only statutory corporation but also a company registered under the Indian Companies Act, Hakam Singh v. Gamnar (India) Ltd., AIR 1971 SC 740 (741). [Civil Procedure Code, (5 of … Societies Act (25 of 1961) s. 30] 'Corporation' is an artificial being created by law having a legal entity entirely separate and distinct from the individuals who compose it with the capacity of continuous existence and succession,

Just and equitable

SCR 226. The words 'just and equitable' which occur in s. 222(f) of the English Act, corresponding to Indian Companies Act, s. 433(f), were not to be construed ejusdem generis with clauses (a) to (e) of s. … and equitable, are a recognition of the fact that a limited company is more than a mere legal entity with a personality in law of its own: that there is room in company law for recognition of

Firm

s. 2(9) of the U.P. Agriculture Income-tax Act,1948 as having the same meaning assigned to it in the Indian Partnership Act, 1932. S. 4 of the Indian Partnership Act, 1932, states that 'Persons who have entered into … Firm, a firm is not a legal entity. It is only a collective or compendious name for all the partners. In other words, a firm does

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