Stated Value - Law Dictionary Search Results
Home Dictionary Name: stated valuestated value
stated value : the value assigned in a corporation's books to stock and esp. to no-par value stock NOTE: Stated value is sometimes based on the actual amount received when stock is issued, but it can also be an arbitrarily low value. It has no relation to the market value of the stock. ...
Market value
Market value, The term 'market value' has ac-quired a definite connotation by judicial decisions. Any addition to the value of the land to the owner whose land is compulsorily acquired which addition is the result of such factors as are unrelated to the open market cannot be regarded as a part of the market value, Union of India v. Shri Ram Mehar, AIR 1973 SC 305: (1973) 2 SCR 720: (1973) 1 SCC 109.Market value means the price that a willing purchaser would pay to a willing seller for the property having due regard to its existing condition with all its existing advantages and its potential possibilities when laid out in the most advantageous manner excluding any advantages due to the carrying out of the scheme for which the property is compulsory acquired, Thakur Kanta Prasad Singh v. State of Bihar, AIR 1976 SC 2219: (1976) 3 SCC 772: (1976) 3 SCR 585; Prithvi Raj Taneja v. State of Madhya Pradesh, AIR 1977 SC 1560: (1977) 1 SCC 684: (1977) 2 SCR 633. (Land Acquisition Act, 1894, s. ...
The State
The State, means the State of Gujarat. [Gujarat Value Added Tax Act, 2003, s. 2(26)]The State, means the State of Maharashtra. [Maharashtra Value Added Tax Act, 2002, s. 2(28)]...
Leasehold value
Leasehold value, means the value of a leasehold interest. This term usu. applies to a long-term lease when the rent paid under the lease is lower than current market rates. Some states permit the lessee to claim the leasehold interest from the landlord in a condemnation proceeding unless, the lease prohibits such a claim. Other states prohibit these claims by statute, Black's Law Dictionary, 7th Edn., p. 900....
Capital value
Capital value, 'capital value' of a building to mean the value arrived at by multiplying the annual value of a building by sixteen, D.G. Gouse and Co. (Agents) Pvt. Ltd. v. State of Kerala, (1980) 2 SCC 410: AIR 1980 SC 271 (282): (1980) 1 SCR 804. (Kerala Building Tax Act (7 of 1975), Pre.)...
Compensation and market value
Compensation and market value, market value cannot be equated to compensation. The market value is only one of the components in the determination of the amount of compensation, Periyar and Pareekanni Rubber Ltd. v. State of Kerala, (1991) 4 SCC 195 (211)....
Upset price and value
Upset price and value, in the case of A.U. Natarajan (Dr.) v. Indian Bank, AIR 1981 Mad 141, it has been held that the expressions 'value of a property' and 'upset price' are not synonymous but have different meanings. That the term 'upset price' means lowest selling price or reserve price. That unfortunately in many cases the word 'value' has been used with reference to upset price. That the sale has to commence at the higher price and in the absence of bidders, the price will have to be progressively brought down till it reaches the upset price. That the upset price is fixed to facilitate the conduct of the sale. the fixation of upset price does not preclude the claimant from adducing proof that the land is sold for a low price, Anil Kumar Srivastava v. State of Uttar Pradesh, (2004) 8 SCC 671 (679): AIR 2004 SC 4299. [Contract Act 1872, ss. 2(a), 2(b), 4 and 7]...
Annual value
Annual value, annual rent at which the building may be expected to let, D.G. Gouse & Co. (Agents) Pvt. Ltd. v. State of Kerala, (1980) 2 SCC 410: AIR 1980 SC 271 (280).Means, in relation to any land, the rent at which the land might reasonably be expected to let from year to year if the tenant undertook to pay all usual tenant's rates and taxes and to bear the costs of the repairs and insurance and the other expenses, if any, necessary to maintain the land in a State to command that rent, Halsbury's Laws of England, Vol. 19(2), 4th Edn., Para 1193, Note 3, p. 939....
State Government
State Government, has the same meaning as in the West Bengal Panchayat Act, 1973 (West Ben. Act 41 of 1973). [West Bengal Panchayat Elections Act, 2003, s. 2(25)]State Government, in relation to a Union territory, includes the Administrator of that Union territory appointed by the President under Art. 239 of the Constitution. [Private Security Agencies (Regulation) Act, 2005, s. 2(i)]State Government, in relation to a Union territory, means the Administrator thereof. [Beedi and Cigar Workers (Conditions of Employment) Act, 1966 (32 of 1966), s. 2(o)]State Government, is headed by the Governor who exercises the executive powers of the State. [Constitution of India, Art. 154(1)]State Government, its executive powers extend to the matters on which the State Legislature is em-powered to make laws, Constitution of India, Art. 162.Means a State Government of the State in which a Special Economic Zone is established or proposed to be established. [Special Economic Zones Act, 2005, s. 2(zb)]Me...
Pit's mouth value
Pit's mouth value, is indicative of value of mineral at the mouth of a pit, R.B. Bajpai v. State of Madhya Pradesh, (1968) Jab LJ 658: (1968) MPLJ 267: (1968) MPWR 504....
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