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Industrial Undertaking - Law Dictionary Search Results

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Nationalised bank

means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and

Public sector bank

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. … 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

Debentures and shares

it and till then it undertakes further to pay interest thereon to the debenture-holders, R.D. Goyal v. Reliance Industries Ltd, (2003) 1 SCC 81 (89). … also carrying an interest. These are simply an instrument of acknowledgement of debt by the company whereby it undertakes to pay the amount covered by it and till then it undertakes further to pay interest thereon to

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Day of acceptance

on which such objection is removed by the supplier [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2(b) Expl. (i)] … which such objection is removed by the supplier [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2(b) Expl. (i)]

Under the authority of any department of the Central Govt

Bonus Act would in ordinary parlance mean that the department is directly responsible for the management of the industrial undertaking, Rashtriya Mill Mazdoor Sangh v. Model Mills, AIR 1984 SC 1813 (1819): (1984) Supp SCC 443: (1985) 1

Enterprise

office established for the provision of any service. [Competition Act, 2002 (12 of 2003), s. 2(h)] Means an industrial undertaking or a business concern or any other establishment, by whatever name called, engaged in the manufacture or production

Day of deemed acceptance

actual delivery of goods or the rendering of services. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2(b) Expl. (ii)] … delivery of goods or the rendering of services. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2(b) Expl. (ii)]

Current assets

gratuity fund or any other fund for the welfare of the employees, maintained by a company owning an industrial undertaking. [Industries (Develop-ment and Regulation) Act, 1951 (65 of 1951), s. 3 (ab)]

Construction equipment vehicle

self-loading concrete mixer or any other construction equipment vehicle or combination thereof designed for off-highway operations in mining, industrial undertaking, irrigation and general construction but modified and manufactured with 'on or off' or 'on and off' highway capabilities.

Buyer

or receives any services from a supplier for consideration. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2 (c)] --'Buyer' would mean where a person by virtue of … receives any services from a supplier for consideration. [Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 (32 of 1993), s. 2 (c)] --'Buyer' would mean where a person by virtue of the

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