Scheme - Law Dictionary Search Results
Home Dictionary Name: schemeMoney circulation scheme
Money circulation scheme, means any scheme, by whatever name called, for the making of quick or easy money, or for the receipt of any money or valuable thing as the consideration for a promise to pay money, on any event or contingency relative or applicable to the enrolment of members into the scheme, whether or not such money or thing is derived from the entrance money of the members of such scheme or periodical subscriptions. [Prize Chits and Money Circulation Scheme (Banning) Act, 1978, (43 of 1978), s. 2(c)]To be a money circulation scheme, a scheme must be for the making of quick or easy money on any event or contingency relative or applicable to the enrolment of the members into the scheme. The scheme has necessarily to be judged as a whole, both from the viewpoint of the promoters and also of the members, State of West Bengal v. Swapan Kumar Guha, AIR 1972 SC 949 (976). [Prize Chits and Money Circulation Schemes (Banning) Act, 1978 , s. 2(c)]...
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....
Occupational pension scheme
Occupational pension scheme, means any scheme or arrangement which is comprised in one or more instruments or agreements and which has, or is capable of having, effect in relation to one or more descriptions or categories of employments so as to provide benefits, in the form of pensions or otherwise, payable on termination of service, or on death or retirement, to or in respect of earners with qualifying services in an employment of any such description or category. [Pension Scheme Act, 1993 (C. 48), s. 1]...
Scheme in force
Scheme in force, a scheme which has been duly sanctioned and published in compliance with provisions of s. 29 of Act is 'scheme in force', AIR 1974 Cal 309 (313). [Electricity (Supply) Act, 1948, s. 54]...
Tonnage Production Bonus Scheme
Tonnage Production Bonus Scheme, 'tonnage Production Bonus Scheme' introduced by the appellant was in fact also a production bonus scheme, Titaghur Paper Mills Co. Ltd. v. Their Workmen, AIR 1959 SC 1095: (1959) Supp 2 SCR 1012...
Accepted a part of benefit under the Scheme
Accepted a part of benefit under the Scheme, means withdrawal and utilization of the benefit under the Voluntary Retirement Scheme and not mere unilateral deposit thereof into the employee's bank account, Punjab National Bank v. Virender Kumar Goel, (2004) 2 SCC 193; Bank of India v. O.P. Swarnakar, (2003) 2 SCC 721....
Occupation pension scheme
Occupation pension scheme, means any scheme or arrangement which is comprised in one or more instruments or agreements and which has, or is capable of having effect in relation to one or more descriptions or categories of employments so as to provide benefits, in the form of pensions or otherwise, payable or termination of service or on death or retirement, to or in respect of earners with qualifying service in an employment of any such description or category, Bus Employees Pension Trustees Ltd. v. Hamod, (1999) 3 WLR 1244....
Scheme of Consolidation
Scheme of Consolidation, 'the scheme of consolidation' means not some method of effecting consolidation as popularly understood, but the words were a specific reference to the provisions of s. 13(a) (b) and (c) of the Act, Deputy Director of Consolidation v. Deen Bandu, AIR 1965 SC 484 (489): (1964) 4 SCR 560. [U.P. Consolidation of Holdings Act (5 of 1954), s. 16A(2)]...
Ponzi scheme
Ponzi scheme [Charles A. Ponzi (ca. 1882-1949), Italian-born American swindler] : an investment swindle in which early investors are paid with sums obtained from later ones in order to create the illusion of profitability ...
scheme
scheme 1 : a combination of elements (as statutes or regulations) that are connected, adjusted, and integrated by design : a systematic plan or program [an administrative inspection ] 2 : a crafty, unethical, or fraudulent project [a to defraud investors] ...
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