Maximum Period - Law Dictionary Search Results
Home Dictionary Name: maximum periodMaximum period
Maximum period, As Parliament has power to repeal a law fixing the maximum period under Article 22(7) (b), the longer period fixed under the later law of detention would become the maximum period. The word 'may' in Article 22(7) amounts to 'shall', Fagu Shaw v. State of West Bengal, AIR 1974 SC 613: (1974) 4 SCC 152: (1974) 2 SCR 832. [Constitution of India, Art. 22(7)]...
Maximum demand
Maximum demand, The 'maximum demand' as defined in s. 2(8) of the Act has always a reference to a past period and there can be no maximum demand in relation to a future period. The phrase should not be given two different meanings, one for the licensee and the other for the consumer asking for the maximum demand, The Sihor Electricity Works Ltd. v. Gujarat Electricity Board, AIR 1969 SC 770: (1969) 1 SCC 423: (1969) 3 SCR 438....
Whenever even first occurs
Whenever even first occurs, imply the maximum period for which future mesne profit can be awarded, is three years from the date of the decree for possession and mesne profit, finally passed, Lucy Kochuvareed v. P. Mariappa Gounder, AIR 1979 SC 1214: (1979) 3 SCC 150....
Whichever event first occurs
Whichever event first occurs, the words 'whichever event first occurs' in sub-cl. (iii) imply that the maximum period for which future mesne profits can be awarded, is three years from the date of the decree for possession and mesne profits, finally passed', Lucy Kochuvareed v. P. Mariappa Gounder, AIR 1979 SC 1214: (1979) 3 SCC 150: (1979) 3 SCR 58. [Civil Procedure Code, 1908, O. 20, R. 12(1) (c) (iii)]...
Maximum retail price
Maximum retail price, means the maximum price fixed by an entity at which the petroleum, petroleum products and natural gas may be sold to the retail consumers and includes all taxes, cess and levies local or otherwise and freight or commission payable to the dealers. [The Petroleum and Natural Gas Regulatory Board Act, 2006, s. 2(n)]...
Maximum marginal rate
Maximum marginal rate, means the rate of wealth-tax applicable in relation to the highest slab of wealth in the case of an individual as specified in part I of Schedule I. [Wealth-tax Act, 1957 (27 of 1957), s. 2 (lc)]...
Period of limitation
Period of limitation, connotes the period of years, months or days prescribed by law impassing limitation. It does not refer to a period after expiry of which no proceedings can be instituted, District Collector, Kottayam v. Cheriyan Marriamna, (1969) Ker LT 748.Means the period of limitation prescribed for any suit, appeal or application by the Schedule, and 'prescribed period' means the period of limitation computed in accordance with the provisions of this Act. [Limitation Act, 1963 (36 of 1963), s. 2 (j)]The 'period of limitation' is defined in s. 2(j) of the Limitation Act, 1963, and 'means the period of limitation prescribed for any suit, appeal or application by the Schedule, and 'prescribed period' means the period of limitation computed in accordance with the provisions of this Act'. Whenever, therefore, under s. 12 a prescribed period of limitation has to be computed certain days are permitted to be excluded in order that a person who desires to appeal is not put to any incon...
Period of not less than
Period of not less than, on the plain reading of the proviso to Rule 1(v), Second Schedule to the Act it is clear that in order to claim benefit of the said provision the borrowed money has to be repaid during the period of more than seven years. The only interpretation which can be given to the expression 'during a period of not less than seven years' is that the said period should go beyond seven years. The reasoning is simple. The period of seven years would not complete till the last 'minute' or even the last 'second' of the said period are counted. In other words till the last minute of the seven years period is completed the period remains less than seven years, C.I.T. v. Braithwaite & Co. Ltd., (1993) 2 SCC 262: (1993) 2 SCR 187....
Within such period
Within such period, means within the period which ends with the last day of limitation prescribed. In other wards, in all cases falling under s. 5 what the party has to show is why he did not file an appeal on the last day of limitation prescribed. That may inevitably mean that the party will have to show sufficient cause not only for not filing the appeal on the last day but to explain the delay made thereafter day by day. In other words, in showing sufficient cause for condoning the delay the party may be called upon to explain for the whole of the delay covered by the period between the last day prescribed for filing the appeal and the day on which the appeal is filed. To hold that the expression 'within such period' means during such period would, be repugnant in the context, Ram Lal v. Rewa Coalifieds Ltd., AIR 1962 SC 361 (364): (1962) 2 SCR 762. (Limitation Act, 1963, s. 5)...
grace period
grace period : a period of time beyond a scheduled date during which a required action (as payment of an obligation) may be taken without incurring the ordinarily resulting adverse consequences (as penalty or cancellation): as a : a period of 30 days or one month during which premiums on insurance policies may be paid without penalty b : a period of ten days during which certain security interests (as those in fixtures or purchase money security interests) must be perfected in order to have priority over conflicting security interests under Article 9 of the Uniform Commercial Code called also days of grace ...
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