Transferee - Law Dictionary Search Results
Home Dictionary Name: transfereeNon-tribal transferee
Non-tribal transferee, the expression 'non-tribal transferee' as defined includes his successors-in-interest; and if he or his successor had, on or after March 15, 1971, transferred land in favour of any person whether a tribal or a non-tribal, includes also such a person, Lingappa Pochanna Appealwar v. State of Maharashtra, AIR 1985 SC 389 (403): (1985) 1 SCC 479: (1985) 2 SCR 224. [Maharashtra Restoration of Lands to Scheduled Tribes Act, 1974 (14 of 1975), s. 2 (1) (I)]...
Transferee
Transferee, includes a lessee, Brij Mohan v. Chief Administrator, (1980) 82 Punj LR 621.Transferee, includes the purchaser as also other transferees of title of properties in transactions like mortgage or exchange, AIR 1972 Cal 88 (94). [Trusts Act (2 of 1982), s. 63]Means a person to whom any land or building in the zone is transferred in any manner whatsoever, under this Act and includes his successors and assignees. [Rajasthan Special Economic Zone Development Act, 2003, s. 2(o)]...
intracompany transferee
intracompany transferee An alien, employed for at least one continuous year out of the last three by an international firm or corporation, who seeks to enter the United States temporarily in order to continue to work for the same employer, or a subsidiary or affiliate, in a capacity that is primarily managerial, executive, or involves specialized knowledge, and the alien's spouse and minor unmarried children. Source: U.S. Citizenship and Immigration Services ...
transferee
transferee : a person to whom something is transferred or conveyed ...
Nihil tam conveniens estnaturali eaquitati quam voluntatem domini rem suam in alium transferee ratam haberi
Nihil tam conveniens estnaturali eaquitati quam voluntatem domini rem suam in alium transferee ratam haberi. 1 Co. 100, (Nothing is so consonant to natural equity as to regard the intention of the owner in transferring his own property to another.)...
Benami
Benami, the word 'benami' issued to denote two classes of transactions which differ from each other in their legal character and incidents. In one sense, it signifies a transaction which is real, as for example, when A sells properties to B but the sale deed mentions X as the purchaser. Here the sale itself is genuine, but the real purchaser is B, X being his benamidar. This is the class of transactions which is usually termed as benami. But the word 'benami' is also occasionally used, perhaps not quite accurately, to refer to a sham transaction, as for example, when A purports to sell his property to B without intending that his title should cease or pass to B. The fundamental difference between these two classes of transactions is that whereas in the former there is an operative transfer resulting in the vesting of title in the transferee, in the latter there is none such, the transferor continuing to retain the title notwithstanding the execution of the transfer deed. It is only in ...
Blank transfer
Blank transfer, in such blank transfers, the name of the transferor is entered, and the transfer deed signed by the transferor is handed over with the share scrip to the transferee, who, if he so chooses, completes the transfer by entering his name and then applying to the company to register his name in place of the previous holder of the share, Howrah Trading Co v. CIT, AIR 1959 SC 775 (778). [Income-tax Act (11 of 1922) s. 18(5)]--A deed executed with the name of a transferee or vendee in blank is void; but the lender will have an equitable security, Colonial Bank v. Whinney, (1884) 26 CD 257, and this principle is applicable to transfers of shares in companies transferable only by deed; but if transferable under hand only the transfer may be filled in by any one having express authority, or authority to be implied from the nature of the transaction, Hibblewhite v. McMorine, 6 M&W 200, and Powell v. London, etc. Bank, (1893) 2 Ch 555.If in a will the name of a legatee is left blank,...
Consideration
Consideration. Any act of the promisee (the person claiming the benefit of an obligation) from which the promisor (the person burdened with the obligation) or a stranger derives a benefit or advantage, or any labour detriment or inconvenience sustained or suffered by the promisee at the request, express or implied, of the promisor. See Laythoarp v. Bryant, 3 Scott 250; 2 Wms. Saund 137 h; Currie v. Misa, (1875) LR 10 Exch 153.Consideration is one of the facts which the courts require as evidence of intention, (a) that a person intends his promise to be binding on him, or (b) that he intends to divest himself of a beneficial interest in property. In its widest sense consideration is the price, motive or inducement for a promise or for a transfer of property from one person to another. The nature or quality of the consideration which will be sufficient for these purposes varies with the nature of the transaction and in the absence of consideration the Courts will, except in the case of s...
Provided
Provided, cannot be construed in relation to the sources or sources from which the real transferee made up the funds for buying the sale considera-tion, Pawan Kumar Gupta v. Rochiram Nagdeo, (1999) 4 SCC 243....
Newly set up establishment
Newly set up establishment, the word 'establish-ment' is also found used in s. 3 and that section clearly indicates that an establishment may consist of different departments or undertakings and it is, therefore, not synonymous with 'undertaking' which has been defined, though in a different context, by this Court in Gymkhana Club Employees' Union v. Management, (1968) 1 SCR 742: AIR 1968 SC 554: (1967) 2 Lab LJ 720 to mean 'any business or any work or any project which one engages in or attempts as an enterprise analogous to business or trade'. The dictionary meaning of 'establishment' as given in Webster International Dictionary includes inter alia 'an institution or place of business, with its fixture and organised staff;as, large establishment, a manufacturing establishment'. 'Establishment' therefore means the whole trading, business or manufacturing apparatus with a separate identifiable existence. This apparatus which is used for the purpose of carrying on trade, business or und...
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