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kibbutz

an Israeli communal2 form of agricultural settlement Originally it was predominantly agricultural and practiced a very high level of sharing including collective rearing of children More recently by 1998 industries have taken over a significant role...

public

5 : devoted to the general or national welfare [actions motivated by spirit] 6 : accessible to or shared by all members of the community [a hearing] [a park] compare private 7 : capitalized in shares that

Estoppel

representation must be made by a principal or some one authorized to bind him, consequently the certification of shares which is not a company's certificate that the person named therein is registered as the holder of the

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liability

comparative fault, and in others it has been eliminated by comparative fault. joint liability : liability that is shared (as by co-owners) ;specif : liability for a tort that is imposed on joint tortfeasors when they have

Straw, Man of

Straw, Man of, a man of no substance. A transfer of shares, in a company, to such a man is good, subject to its regulations, so as to relieve the

joint

combined activity or negligence of two or more [a tort] see also joint tortfeasor compare several b : shared by or affecting two or more as a unit [a account] 2 : united, joined, or sharing with

Founder of the institution

Income Tax v. Bharat Diamond Bourse, (2003) 1 SCC 741 (757). [Income-tax Act, 1961, s. 13(3) (a)] Founder's shares, in English company law, shares issued to the founders of or vendors to, a public company as a

Minimum subscription

Minimum subscription is the minimum cash to be raised by the issue of shares offered to the public for subscription. This must be stated in the prospectus and application sums therefor received

No cause for such refusal

of clause (4) must mean no good cause for refusal. Therefore when an application is filed by a shareholder for an order directing the company to grant conversion of partly paid-up shares into fully paid-up shares and

Limited liability

business as partners, the statutes authorizing the construction of railways, etc., have always limited the liability of each shareholder to the amount of the shares held by him. Similar limitations, extending in some cases to double the

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