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Shall

68. Shall, is not a decisive factor in deciding whether a provision is mandatory or directory, Graphite India Ltd. v. Durgapur Projects Ltd., (1999) 7 SCC 645. Shall, is not conclusive of the question whether a provision

Suit

any particular statute will have to made in the content in which the same is used, Madalsa International Ltd. v. Central Bank of India, AIR 1998 Bom 247. Suit, does not become necessarily a suit for accounts

Royalty

mineral produced. The distinction, though fine, yet exists and is perceptible, State of West Bengal v. Kesoram Industries Ltd., (2004) 10 SCC 201: JT (2004) 1 SC 375. Royalty, is not a term used in legal parlance

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Salary or wages

in movable property being denoted by the word 'barter', CIT, Andhra Pradesh v. Motors and General Stores Pvt. Ltd., (1967) 66 ITR 692. Sale, is a transfer of ownership in exchange for a price, paid or promised.

Reason to believe

administrative, Nakkuda Ali v. Jayarotus, (1951) AC 66; Ridge v. Baldwin, (1964) AC 40 (73); Re Barium Chemicals Ltd. v. Company Law Board, AIR 1967 SC 295. Reason to believe, shows that the belief that the applicant

Discretion

as distinguished from a ministerial or administrative official, in adjudicating on matters brought before him, Aero Traders Pvt. Ltd. v. Ravinder Kumar Suri, AIR 2005 SC 15. --The word 'discretion' connotes necessarily an act of a judicial

Floating charge

charge extends to shares in future subsidiaries does not mean that the charge is floating charge, Atlantic Medical Ltd. (in re:), (1993) BCLC 386. See also Arthur D Little Ltd. (in administration) v. Ableco Finance LLC, (2003)

Copyright

26 Vict. c. 68), under which penalties maybe recovered for infringement of copyright. See also Performing Right Society, Ltd. v. Hammond's Bradford Brewery Co.Ltd.,1934 Ch 121 (reproduction by receiving set and loudspeaker); Hawkes & Son (London) Ltd.

Not negotiable

has no title is entitled to the protection of s. 82 of the Act [Slingsby v. Westminster Bank Ltd., (1931) 1 KB 173; see also Imports Company Ltd. v. Westminster Bank Ltd., (1927) 2 KB 297; and

Person

construed in the case of a company, a firm of partners or an association of persons, J.K. Industries Ltd. v. Chief Inspector of Factories and Boilers, (1997) SCC (205) 1. Person, in an Act of Parliament passed

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