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Private company

debentures of the company. (2) Where two or more persons hold one or more shares in a company jointly they shall, for the purposes of this section, be treated as a single member. S. 27, ibid., provides … (statement in lieu of prospectus and allotment of shares), s. 94 (commencement of business), s. 139 (number of directors), or s. 113 (statutory meeting and report), which do not apply to private companies.

Winding-up

go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies. The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, … continue until it is dissolved (s. 228). A Member's Voluntary Winding-up.-The name of a voluntary winding-up where the directors or a majority of them have made a statutory declaration that the company will be able to pay

Company

persons associated for purposes of busi-ness, sometimes, but not now so frequently as some years ago, styled a Joint Stock Company. A company has its origin either (1) in a charter, as the Bank of England and … Companies Act, 1929, of companies not formed under that Act, see ss. 321-336 ibid. Consult Palmer; See ASSOCIATION; DIRECTORS; FOREIGN COMPANY; PRIVATE COMPANY; SUBSIDIARY COMPANY; STANNARY. Company means-- (i) any Indian company, or (ii) any association, whether

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Marriage

be incurable; it makes the marriage only voidable by a suit by one of the parties during their joint lives, A. v. B., (1868) LR 1 P&D 559, and the suit cannot be brought by the impotent … WIFE; MARRIED WOMEN'S PROPERTY; DOMICILE; MARITAL RIGHTS; NECESSARIES; ROYAL MARRIAGES ACT; WILL. It includes remarriage, Mainia v. Dy. Director of Consolidation, AIR 1989 SC 1872: (1989) 4 SCC 370: (1989) 3 SCR 685. [Gujarat Registration of Marriage

Transaction

mere unilateral action which is all that occurs when a coparcener throws his self-acquisitions into the hotchpotch of Joint Family, P.K. Subramania Iyer v. C.G.T., Kerala, AIR 1968 Ker 190. Transaction, the word 'transaction' in s. 47 … the word 'contract'. In fact, in one contract there may be many business transactions, Baldev Kumar v. Managing Director, AIR 1997 MP 147. Transaction, should be an act which is bilateral or multilateral in character and not

Person

State of Maharashtra, AIR 1995 Bom 206. Person, includes natural person or artificial person like corporation and a joint stock company and it does not include a State or government, Samatha v. State of Andhra Pradesh, (1995) … AIR 2006 AP 12. 'Person' includes company or association or body of persons, see Standard Chatered Bank v. Directorate of Enforcement, AIR 2005 SC 2622. 'Person', Person includes any company, Fidelity Industries Ltd. v. State, (2006) 129

Salary or wages

in the course of business shall be deemed to be a sale for the purpose of this Act', Joint Commercial Tax Officer v. Young Men's Indian Association (Regd.), AIR 1970 SC 1212 (1214): (1970) 1 SCC 462: … 2(21) of the Act is wide enough to cover the payment of retaining allowance to the work-men, Managing Director, Chalthan Vibhag Sahakari Khand Udyog v. Government Labour Officer, AIR 1981 SC 905: (1981) 2 SCC 147: (1981)

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