Private - Law Dictionary Search Results
Home Dictionary Name: privatePrivate company
Private company. A 'private company' is defined by s. 26 of the (English) Companies Act, 1929, as follows:-Company privately formed by members who subscribe the whole of the capital among them-selves.26. --(1), For the purposes of this Act the expression 'private company' means a company which by its articles-(a) restricts the right to transfer its shares; and(b) limits the number of its members to 50, not including persons who are in the employment of the company and persons who, having been formerly in the employment of the company, were, while in that employment and have continued after the determination of such employment to be, members of the company; and(c) prohibits any invitation to the public to subscribe for any shares or 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 that if a company alters its articles so that the provisio...
Private
Belonging to or concerning an individual person company or interest peculiar to ones self unconnected with others personal ones own not public not general separate as a mans private opinion private property a private purse private expenses or interests a private secretary...
Private security agency
Private security agency, means a person or body of person other than a government agency; depart-ment or organization engaged in the business of providing private security services including training to private security guards or their supervisor or providing private security guards to any industrial or business undertaking or a company or any other person or property. [The Private Security Agencies (Regulation) Act, 2005, s. 2(g)]...
Right of private defence
Right of private defence, the right of private defence of person and property is recognised in all free, civilised, democratic societies within certain reasonable limits. Those limits are dictated by two considerations: (1) that the same right is claimed by all other members of the society and (2) that it is the State which generally undertakes the responsibility for the maintenance of law and order. The citizens, as a general rule, are neither expected to run away of safety when faced with grave and imminent danger to their person or property as a result of unlawful aggression, nor are they expected, by use of force, to right the wrongs done to them or to punish the wrongdoer for commission of offences. The right of private defence serves a social purpose and as observed by the Supreme Court more than once there is nothing more degrading to the human spirit than to run away in face of peril. But this right is basically preventive and not punitive, Gottipulla Venkata Siva Subbrayanam v...
private offering
private offering : the sale of an issue of securities directly by the issuer to one or a few large investors without any public offering called also private placement compare public offering NOTE: A private offering is exempt from the requirements of filing a registration statement with the Securities and Exchange Commission and distributing prospectuses to potential buyers before the sale. ...
privatize
privatize -tized -tiz·ing : to make private ;esp : to change (as a business or industry) from public to private control or ownership pri·va·ti·za·tion [prī-və-tə-zā-shən, -tī-] n ...
Private forest
Private forest, the minimum area required for the purpose of growing firewood trees for fuel in the factories and smoke-houses as well as for supply to the employees of the estates for their domestic use is excluded from the definition of the term 'private forest', Pioneer Rubber Plantations v. State of Kerala, (1992) 4 SCC 175: AIR 1993 SC 192 (195). [Kerala Private Forests (Vesting and Assignment) Act, 1971, s. 2(f)(1)(i) (B)]...
Private security guard
Private security guard, means a person providing private security with or without arms to another person or property or both and includes a supervisor. [Private Security Agencies (Regulation) Act, 2005 (29 of 2005), s. 2(h)]...
going private transaction
going private transaction : a corporate action (as a recapitalization, share repurchase, or tender offer) taken as part of going private ...
private
private 1 a : intended for or restricted to the use of a particular person or group or class of persons : not available to the public [a park] b : not related to, controlled by, or deriving from the state [a school] 2 a : owned by or concerning an individual person or entity [ land] b : not having shares that can be freely traded on the open market [a company] 3 : affecting the interests of a particular person, class or group of persons, or locality [ legislation] [ rights] 4 a : not invested with or engaged in public office or employment [a citizen] b : not related to or dependent on an official position [ correspondence] 5 : not known publicly or carried on in public ;esp : intended only for the persons involved 6 : made under private signature [a instrument] ...
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