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Defaulting subscriber

Defaulting subscriber, 'defaulting subscriber' means a subscriber who has defaulted in the payment of subscriptions due in accordance with the terms of the chit agreement. [Chit Funds Act, (40 of 1982), s. 2(f)]...


subscribe

subscribe sub·scribed sub·scrib·ing [Latin subscribere, literally, to write beneath, from sub- under + scribere to write] vt 1 : to write (one's name) underneath or at the end of a document [we now our names as witnesses "W. M. McGovern, Jr. et al."] 2 a : to sign (as a document) with one's own hand in token of consent, obligation, or attestation [such witnesses shall the will in the presence of the testator "West Virginia Code"] b : to pledge (a gift or contribution) by writing one's name with the amount c : to sell (stock) by subscription [over two million shares have been subscribed] vi 1 : to sign one's name to a document ;also : to give consent or approval by signing one's name 2 : to agree to purchase and pay for securities esp. of a new offering [a right to to a share of stock "D. Q. Posin"] sub·scrib·er n ...


Non-prized subscriber

Non-prized subscriber, does not include defaulting subscriber. [Chit Funds Act, 1982 (40 of 1982), s. 2(k)]...


Subscribed

Subscribed, the words subscribed means an oath repeated orally, reduced the same to writing and signed by the person taking the oath of his adhesion to what is written, AIR 1965 All 97 (105). (Constitution of India, Art. 219)...


Subscriber

Subscriber, means a person in whose name the Digital Signature Certificate is issued. [Information Technology Act, 2000 (21 of 2000), s. 2(1) (zg)]Means a person who receives the signals of cable television network at a place indicated by him to the cable operator, without further transmitting it to any other person. [Cable Television Networks (Regulation) Act, 1995 (7 of 1995), s. 2 (i)]Includes a person who holds a fraction of a ticket and also a transferee of a ticket thereof by assignment in writing or by operation of law. [Chit Funds Act, 1982 (40 of 1982), s. 2(r)]...


Family

Family, in relation to a person, includes the ascend-ant and descendant of such person. [Bonded Labour System (Abolition) Act, 1976 (19 of 1976), s. 2(h)]. A group consisting of parents and their children; a group of person connected by blood by affinity, or by law, Black's Law Dictionary, 7th Edn., p. 620.In relation to an occupier, means the individual, the wife or husband, as the case may be, of such individual, and their children, brother or sister of such individual. [Child Labour (Prohibition and Regulation) Act, 1986 (61 of 1986), s. 2 (v)]In relation to an operator, means his wife and dependant children and includes his dependent parents. [Dangerous Machines (Regulation) Act, 1983 (35 of 1983), s. 3 (g)]Means:(i) In the case of a male-subscriber the wife or wives, parents, children, minor brothers, unmarried sisters, deceased son's widow and children and where no parent of the subscriber is alive, a paternal grandparent: Provided that if a subscriber proves that his wife has be...


Attestation Clause

Attestation Clause, the sentence subscribed to a written instrument signed by the witnesses to its execution, stating that they have witnessed it. Such a clause (in very precise terms)is always appended to a will formally prepared, the most common form being as follows:-Signed by the above-named and acknowledged by him as his will in the presence of us present at the same time, who at his request and in his presence and in the presence of each other, now subscribe our names as witnesses.It is expressly provided by s. 9 of the (English) Wills Act, 1837 (1 Vict. c. 26), that the signature of the testator, or of some other person by his direction, 'shall be made or acknowledged by the testator in the presence of two or more witnesses present at the same time,' and that 'such witnesses shall attest and shall subscribe the will in the presence of the testator'; but it is added that 'no form of attestation shall be necessary.' By Rule 4 of the (English) Probate (Non-Contentious) Rules, 1925,...


Chit

Chit, means a transaction whether called chit, chit fund, Chitty, kuri or by any other name by or under which a person enters into an agreement with a specified number of persons that every one of them shall subscribe a certain sum of money (or a certain quantity of grain instead) by way of periodical instalments over a definite period and that each such subscriber shall, in his turn, as determined by lot or by auction or by tender or in such other manner as may be specified in the chit agreement, be entitled to the prize amount.Explanation.--A transaction is not a chit within the meaning of this clause, if in such transaction,--(i) some alone, but not all, of the subscribers get the prize amount without any liability to pay future subscriptions; or(ii) all the subscribers get the chit amount by turns with a liability to pay future subscriptions. [Chit Funds Act, 1982 (40 of 1982), s. 2(b)]...


Insurance

Insurance, see, Income-tax Act, 1961 (43 of 1961), s. 80C, Expl. 1.Insurance, the act of providing against a possible loss, by entering into a contract with one who is willing to give assurance, that is, to bind himself to make good such loss should it occur. In this contract, the chances of benefit are equal to the insured and the insurer. The first actually pays a certain sum, and the latter undertakes to pay a larger, if an accident should happen. The one renders his property secure; the other receives money with the probability that it is clear gain. The instrument by which the contract is made is called a policy; the stipulated consideration, a premium. As to what is known as a coupon policy, i.e., a coupon cut out of a diary, etc., see General Accident, etc., Assce. Corpn. v. Robertson, 1909 AC 404.Insurable Interest must be possessed by the person taking out a policy; he must be so circumstanced as to have benefit from the existence of the person or thing insured, and some preju...


Deceit

Deceit [fr. deceptio, Lat.], fraud, cheat, craft, or collusion used to deceive and defraud another. In an action of deceit the plaintiff must prove that the defendant has made a false statement, knowing that it was false or without any belief in its truth or without caring whether it was true or not, and intending that the plaintiff should rely upon it and that the statement was relied upon by the plaintiff and caused damage; non-disclosure may be fradulent, see Suppressio veri, suggestio falsi,' and Cackett v. Keswick, (1902) 2 Ch 456, and Christine Ville Rubber Estates, (1911) 28 TLR 38, and CONCEALMENT [Smith v. Chadwick, (1884) 9 AC 187, and Dery v. Peek, (1889) 14 App Cas 337]. Under the (English) Companies Act, 1929, s. 37, a special action for deceit will lie at the instance of any subscriber for shares or debentures who has subscribed for these on the faith of a prospectus inviting him to subscribe against any director, or person named or referred to as a director in the prospe...


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