Infrastructure - Law Dictionary Search Results

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Infrastructure

Infrastructure, 'infrastructure' includes structures such as docks, wharves, jetties, landing stages, locks, buoys, inland ports, cargo handling equipment, road and rail access and cargo storage spaces, and the expression 'infrastructure facilities' shall be construed accordingly. [Inland Water Ways Authority of India Act, 1985 (82 of 1985), s. 2(f)]Means the underlying framework of a system; esp., public services and facilities (such as highways, schools, bridges, sewers, and water systems) needed to support commerce as well as economic and residential development, Black's Law Diction-ary, 7th Edn., p. 784.Includes industrial, commercial or social infrastruc-ture for the development of a Special Economic Zone, West Bengal Special Economic Zone Act, 2003, s. 2(g).Includes industrial, commercial or social infrastruc-ture or any amenity for the development of the zone, Rajasthan Special Economic Zones Develop-ment Act, 2003, s. 2(g)...

Infrastructure facilities

Infrastructure facilities, means industrial, comm-ercial or any other facility for development and operation of the zone and includes any other facilities and amenities as may be notified by the State Government, the Gujarat Special Economic Zone Act, 2004, s. 2(h).Means industrial, commercial or social infrastructure or other facilities necessary for the development of a Special Economic Zone of such other facilities which may be prescribed. [Special Economic Zones Act, 2005 (28 of 2005), s. 2(p)]...

Zero coupon bond

Zero coupon bond. means a bond:(a) issued by any infrastructure capital company or infrastructure capital fund or public sector company on or after the 1st day of June, 2005;(b) in respect of which no payment and benefit is received or receivable before maturity or redemption from infrastructure capital company or infrastructure capital fund or public sector com-pany; and(c) which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Income Tax Act, 1961 (43 of 1961), s. 2(48)]....

Public authority

Public authority, in the policy statement is not a term of art. It must be construed in a purpose way, taking particular account of the context, McFarland HL(NI) (in re:), (2004) 1 WLR 1289.Is a body, not necessarily a country council, municipal corporation or other local authority, which has public or statutory duties to perform and which perform those duties and carries out its transactions for the benefit of the public and not for private profit, Halsbury's Laws of England, 3rd Edn., Vol. 30, p. 682.Means any authority or body established or con-stituted,--(i) by or under the Constitution;(ii) by any law made by the appropriate Government,and includes any other body owned, controlled or substantially financed by funds provided directly or indirectly by the appropriate Government. [Freedom of Information Act, 2002 (5 of 2003), s. 2(f)]Public Authority--Karnataka University being an authority under Article 12 of the constitution is covered by the definition of public authority, Shivan...

Discount

Discount [fr. dis and conte, Fr.], abatement; commonly a sum of money deducted from a money obligation in consideration of its payment before the stipulated time.Discount means the sum of money or the quantity of grain which a prized subscriber is, under the terms of the chit agreement, required to forego and which is set apart under the said agreement to meet the expenses of running the chit or for distribution among the subscribers or for both. [Chit Funds Act, (40 of 1982), s. 2(g)]Means the difference between the amount received or receivable by the infrastructure capital company or infrastructure capital fund or public sector company issuing the bond and the amount payable by such company or fund or public sector company on maturity or redemption of such bond. [Income Tax Act, 1961 (43 of 1961), s. 36(1) iii-a Expl.]...

Operator

Operator, means a person employed directly or by or through any agency (including a contractor, whether as a regular worker or as a casual worker, with or without the knowledge of the principal employer, whether for remuneration or not, in the operation or cleaning of any dangerous machine or any part thereof or in any other kind of work incidental to, or connected with, the operation or cleaning of any dangerous machine or any part thereof. [Dangerous Machines (Regulation) Act, 1983 (35 of 1983), s. 3(k)]Operator is defined by s. 2(b) of the Act as amended by Act 4 of 1973 as the owner or the person having possession or control of the vehicle and includes any person whose name is entered in the permit as the holder thereof. This definition is wide enough to include the appellant-company who was owner of the vehicles and on the date of the notice of demand it had further possession and control of the vehicles, Sundaram Finance Ltd. v. Regional Passport Officer, 1992 Supp (2) SCC 436: A...

Liquefied natural gas terminal

Liquefied natural gas terminal, means the facilities and infrastructure required to--(i) receive liquefied natural gas,(ii) store liquefied natural gas,(iii) enable regasification of liquefied natural gas, and(iv) transport regasified liquefied natural gas till the outside boundaries of the facility. Petroleum and Natural Gas Regulatory Board Act, 2006, s. 2(t)]...

Marque

Marketing Service Obligations, means obliga-tions--(i) to set up marketing infrastructure and retail outlets in remote areas in respect of notified petroleum and petroleum products,(ii) to maintain minimum stock of notified petroleum and petroleum products,(iii) of a local distribution entity to supply natural gas to consumers, and(iv) such other obligations as may be specified by regulations. [Petroleum and Natural Gas Regulatory Board Act, 2006. s. 2(w)]...

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)]...

Sale price

Sale price, 'Sale Price' means the amount payable to a dealer as consideration for the sale of any goods, less any sum allowed as cash discount according to the practice normally prevailing in the trade, but inclusive of any sum charged for anything done by the dealer in respect of the goods at the time of or before the delivery thereof other than the cost of freight or delivery of the cost of installation in case where such cost is separately charged and the expression 'purchase price' shall be construed accordingly, Shree Gopal Industries Ltd. v. State of Rajasthan, AIR 1971 SC 2054: (1971) 2 SCC 532.(ii) Under s. 4 of the Madhya Pradesh General Sales Tax Act, 1958 the liability to pay tax is that of the dealer. The purchaser has no liability to pay tax. There is no provision in the Act from which it can be gathered that the Act imposes any liability on the purchaser to pay the tax imposed on the dealer. If the dealer passes on his tax burden to his purchasers he can only do it by au...

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