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Insurance

the basis of mutual insurance. In this there is no proprietary body distinct from the assured; the latter share among themselves the whole profits of the concern, after deducting the expenses of management. Accident Insurance.--This is a

Industrial and Provident Societies

with land,' but enacts that no member other than a registered society shall have any interest in the shares exceeding 200l. and contains restrictive pro-visions as to banking. No society can be registered which does not consist

Inamdar

Inamdar, means a person holding an inam or a share therein either for his own benefit or in Trust and includes the successor in interest of an Inamdar,

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Illusory Appointments Act, 1830

several objects, shall be invalid, or impeached in equity, on the ground that an unsubstantial, illusory, or nominal share only was thereby appointed, or left unappointed, to devolve upon any one or more of the objects of

Gild, or Guild

or fraternity constituted for mutual protection and benefit, generally in trade, so called because each member paid his share to the general expenses. See Steph. Com.

Partition

well as division of meats and bounds, Sundara v. Girija, AIR 1962 Mys 72. Is the determination of shares of the coparceners in the joint family. Actual division of the property by metes and bounds is not

Par

Par, state of equality; equal value. Par value, the face value of a security or share as contrasted with its market price or selling value. See EXCHANGE.

Transfer of property

reduction of the exclusive interest in the totality of rights of the original owner into a joint or shared interest with other persons. An exclusive interest in property is a larger interest than a share in that

Persecution, on account of membership in a particular social group

'that is directed toward an individual who is a member of a group of persons all of whom share common immutable characteristic, Reg. v. I.A.T. Exp. Shah [H.L.(E)], (1999) 2 WLR 1015.

Solidum

be bound for the whole debt jointly and severally with others; but where each is bound for his share, they ae said to be bound pro rata parte.

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