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Such assets

Matched in: Term Such assets

Property

undertaking. The expression 'property' in Entry 42, List III has a wide connotation; and it includes not only assets, but the organisation, liabilities and obligations of a going concern as a unit, Shri Krishna Gyanoday Sugar Ltd.

Marshalling

Marshalling, the act of arranging or of putting into proper order. The doctrine of marshalling assets and securities depends upon the principle that a person, having two funds out of which to satisfy his

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Actual cost

accepted accountancy rule for determining the cost of fixed assets is to include all expenditure necessary to bring such assets into existence and to put them in working condition. In case money is borrowed by a newly started

Floating assets

Matched in: Term Floating assets

Gift

he cannot transfer the property and that upon dissolution of the firm, the distribu-tion, division or allotment of assets to the partner/s or one of the partners, in terms of dissolution deed, releasing his rights in the

Financial asset

interest is existing, future, accruing, conditional or contingent; or (vi) any financial assistance. [Securitisation and Reconstruction of Financial Assets and Enforce-ment of Security Interest Act, 2002 (54 of 2002), s. 2(1)(l)]

Floating charge

1915, s. 27, and may be said to denote a security which is an equitable charge on the assets for the time being of a going concern. It allows of the business being carried on and the

Assets

Matched in: Term Assets

Company

having perpetual succession and a common seal, but with such liability of the members to contribute to the assets of the company in the event of its being wound up as in mentioned in the Act. Companies

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