Reconstruct - Law Dictionary Search Results
Home Dictionary Name: reconstructReconstruction company
Reconstruction company, means a company formed and registered under the Companies Act, 1956 (1 of 1956) for the purpose of asset reconstruction. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(v)]Reconstruction of a company, upon a voluntary winding-up the company may sell its undertaking for property of (including profits in) the purchas-ing company; see Companies Act, 1929, s. 234....
Reconstructive
Reconstructing tending to reconstruct as a reconstructive policy...
Asset reconstruction
Asset reconstruction, means acquisition by any securitistion company or reconstruction company of any right or interest of any bank or financial institution in any financial assistance for the purpose of realisation of such financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2 (1) (b)]...
Demolish or reconstruct
Demolish or reconstruct, Demolition involves the physical act of destruction and reconstruction is equivalent to rebuilding, and contemplates a state of affairs where there has been a measure of demolition falling short of total demolition, Ivorygrove Ltd. v. Global Grange Ltd., (Ch D), (2003) 1 WLR 2090....
Reconstruction
Reconstruction, means 'repair' and construction of a property undertaken after a disaster. [The Gujarat State Disaster Management Act, 2003, s. 2(p)]Reconstruction, means construction or restoration of any property after a disaster. [The Disaster Man-agement Act, 2005, s. 2(o)]...
Reconstruction of business
Reconstruction of business, Reconstruction of business involves the idea of substantially the same persons carrying on substantially the same busi-ness, Textile Machinery Corporation Ltd. v. Commissioner of Income Tax, West Bengal, AIR 1977 SC 1134 (1140): (1997) 2 SCC 368. [Income Tax Act, 1922, s. 15(C)]...
reconstruction
reconstruction 1 : a rebuilding of a nonfunctional patented article that amounts to creation of a new article and constitutes infringement of the patent [the complete replacement of the mechanism was a and not a repair] 2 : the practice or process of recreating an incident (as an accident) for the purpose of investigating the specific facts and circumstances surrounding it [heard testimony on the speed of the vehicle from an expert in accident ] ...
Reconstruction
The act of constructing again the state of being reconstructed...
Scheme
Scheme, a 'scheme' is a carefully arranged and systematic programme of action. A transaction under which, one party deposits with the other or lends to that other a sum of money on promise of being paid interest at a rate higher than the agreed rate of interest cannot, without more, be a money circulation scheme' within the meaning of s. 2(c) of the Act, howsoever high the promised rate of interest may be in comparison with the agreed rate, State of West Bengal v. Swapan Kumar Guha, AIR 1982 SC 949 (953): (1982) 1 SCC 561: (1982) 3 SCR 121.Means a scheme inviting subscription to security receipt proposed to be issued by a securitisation company or reconstruction company under that scheme. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(y)]1. A systematic plan; a connected or orderly arrangement, esp. of related concepts 2. An artful plot or plan usu. to deceive others, Black's Law Dictionary, 7th Edn., p. 1346....
Originator
Originator, means the owner of a financial asset which is acquired by a securitisation company or reconstruction company for the purpose of securiti-sation or asset reconstruction. [Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), s. 2(1)(r)]...
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