Investment - Law Dictionary Search Results
Home Dictionary Name: investmentInvestment company
Investment company, an 'investment company' was defined in s. 109(i) of the Act as meaning a com-pany whose business consisted wholly or mainly in the dealing in or holding of investments. The statutory percentage in the case of an investment company (whether Indian company or not) was fixed at 90 per cent by S. 109 (iii)(1) of the Act. It is significant that even in this Act, the restricted definition of the expression 'investment company' as appearing in s. 372(11) of the Companies Act, 1956 was not adopted by the Legislature. By Finance Act, 1966, which came into force with effect from April 1, 1966, the meaning of the term 'investment company' was clarified by amending clause (ii) of S. 109 and providing therein that investment company meant a company whose gross total income consisted mainly of income which, if it had been the income of an individual, would have been regarded as unearned income, Nawn Estate (P) Ltd. v. CIT, AIR 1977 SC 153 (161): (1977) 1 SCR 798: (1977) 1 SCC 7.I...
Direct investment outside India
Direct investment outside India, means investment by way of contribution to the capital or sub-scription to the Memorandum of Association of a foreign entity, but does not include portfolio investment or investment through stock exchange or by private placement in that entity. [The Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2000, s. 2 (e)]...
invest
invest [Medieval Latin investire, from Latin, to clothe, from in- in + vestis garment] 1 : to install in an office or position 2 a : to furnish with or formally grant power or authority b : to grant someone control or authority over : vest vb [Italian investire to clothe, invest money, from Latin, to clothe] vt 1 : to commit (money) in order to earn a financial return 2 : to make use of for future benefits or advantages vi : to commit funds or purchase something of intrinsic value for future gain : make an investment often used with in [ing in precious metals] in·ves·tor n ...
Investment
Investment, means in common parlance, putting out money on interest, either by the way of loan, or by the purchase of income producing property, Commissioner of Income Tax v. U.P. Co-operative Federation Ltd., AIR 1989 SC 915 (919): (1989) 1 SCC 747: (1989) 1 SCR 586.Investment means an investment in units of the Unit Trust or a Mutual Fund by an assessee under a plan formulated in accordance with this Scheme. [Equity Linked Savings Scheme, 2005, s. 2(c)]...
investment
investment : investiture n 1 : the outlay of money usually for income or profit : capital outlay ;also : the sum invested or the property purchased 2 : the commitment of funds with a view to minimizing risk and safeguarding capital while earning a return compare speculation ...
Invest
To make an investment as to invest in stocks usually followed by in...
Investment
The act of investing or the state of being invested...
Fixed capital investment,
Fixed capital investment, preoperative expenses which included interest to financial institutions, rights shares issue expenses, foreign technician expenses and foreign travel expenses do not form part of 'fixed capital investment', Commissioner of Trade Tax, U.P. v. Kajaria Ceramics Ltd., AIR 2005 SC 2968....
Holding of investments
Holding of investments, the expression 'Holding of investments' cannot be limited to companies whose principal business is the acquisition and holding of shares, debentures, stocks or other securities as contended on behalf of the appellant but covers companies whose primary or principal source of income is house property or capital gains as well, Nown Estates (P) Ltd. v. CIT West Bengal, AIR 1977 SC 153 (157). [Income-tax Act, 1922, s. 23A Expl. 2(i)]...
Invest
Invest, to give possession; to lay out money. As to investments which a trustee may make, see TRUST FUNDS...
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