Market Value Clause - Law Dictionary Search Results
market value clause
Matched in: Term market value clause
Fair market value
Matched in: Term Fair market value
Lands Clauses Consolidation Act, 1845, (English)
expect to obtain, and not, as under the Lands Clauses Acts, the value to the owner whatever the market value, if any, might be. Nor is the potential value of the land to be taken into account under … Lands Clauses Consolidation Act, 1845, (English) (8 & 9 Vict. C. 18), amended by 23 & 24 Vict. C. 106,
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Adequate consideration
postulate that consideration must be capable of being measured in terms of money value having regard to the market price of the property, the value that it may fetch if sold, the value of similar lands situated … (347): AIR 1991 SC 1502. [U.P. Imposition of ceiling on Land Holdings Act, 1960, s. 5(6) Proviso(b) second clause] The words 'adequate consideration' clearly postulate that consideration must be capable of being measured in terms of money
Foreign contribution
article, not being an article given to a person as a gift for his personal use, if the market value, in India, of such article, on the date of such gift, does not exceed one thousand rupees. (ii) … thousand rupees. (ii) of any currency, whether Indian or foreign; (iii) of any foreign security as defined in clause (i) of s. 2 of the Foreign Exchange Regulation Act, 1973. [Foreign Contribution (Regulation) Act, 1976 (49 of
Valuation
stood before the grant of the compulsory powers. The owner is only to receive compensation based upon the market value of his lands as they stood before the scheme was authorized by which they are put to public … purchaser so as to introduce the element of competition as a factor in fixing price.' See (English) Lands Clauses Consolidation Acts and the Acquisition of Land (Assessment of Compensa-tion) Act, 1919, which varies the compensation for land
Salary or wages
the various terms of the document are; (a) that consideration for the transaction was at par with the market value of the property; (b) a covenant for payment of compensation if the possession of vendee is interfered with … barter of goods, (j) disposal of goods by a person in the manner prescribed in Explanation (iii) to clause 10 but does not include a mortgage, hypothecation, charge or pledge; and the words 'sell' 'buy' and purchase
Compensation
use, A Dictionary of Law, William C. Anderson, 1889, p. 216. In India compensation at not less than market value is required to be paid for acquiring land held by a person under his personal cultivation which is … of lands taken or injuriously affected for public purposes and under Act of Parliament, e.g., the (English) Lands Clauses Consolidation Act, 1845 (8 & 9 Vict. c. 18), but where the land is acquired compulsorily by a
Goods
the land which are agreed to be severed before sale or under the contract of sale, [The Maharashtra Value Added Tax Act, 2005, s. 2(12)] Means all kinds of movable property (not being newspapers or actionable claims … SCC 77: (1977) 2 SCR 149. The term 'goods' is defined in clause (7) of s. 2 of the Sale of Goods Act as follows: … the form of a floppy disc or other medium, the program is tangible, moveable and available in the marketplace. The fact that some programs may be tailored for specific purposes need not alter their status as 'goods'
Manufacture
Vol. 26. It is the process or activity which brings into being articles which are known in the market as goods and to be goods these must be different, identifiable and distinct articles known to the market … or processing any good and includes printing and raising of natural resources like minerals, coal etc. [West Bengal Value Added Tax Act, 2003, s. 2(22)] Manufacture, will all its grammatical variations and cognate expressions includes producing, making, … The word 'manufacture' occurring in the expression 'used in the manufacture' in clause (b) of Rule 27 cannot be given a limited meaning. 'Manufacture' and
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