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Floating security

time to time. It is of the essence of such a charge that it remains dormant unit the undertaking charged ceases to be a going concern, or unit the undertaking charged cases to be a going concern,

Factory

that it must be a premises where a manufacturing process is carried on, Workmen of Delhi Electric Supply Undertaking v. Management of Delhi Electric Supply Undertaking, AIR 1973 SC 365: (1974) 3 SCC 108. Department of Publications

Employer

Notification of Vacancies) Act, 1959 (31 of 1959), s. 2 (c)] Means in relation to any motor transport undertaking, the person who, or the authority which, has the ultimate control over the affairs of the motor transport

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Debentures and shares

also carrying an interest. These are simply an instrument of acknowledgement of debt by the company whereby it undertakes to pay the amount covered by it and till then it undertakes further to pay interest thereon to

Dealer, auction

carries on the business of buying or selling any such animal or article, and includes a person who undertakes business in any single transaction. [Wild Life (Protection) Act, 1972, s. 2(ii)] The pawnee who has control or

Charter-party

terms usually to be found in all charter-parties, e.g., a statement of the burthen of the ship, an undertaking by the ship-owner that the ship, being seaworthy and furnished with necessaries, shall be ready by a certain

Capital

exaggerated or illusory. Working capital means the amount employable for the purposes of a company or any other undertaking or business. See ALTERATION OF CAPITAL, COMPANY, PROSPECTUS, DIRECTORS. In the Settled Land Act, 1925, capital money arising

funeral home

persons are prepared for viewing before burial or cremation called also funeral parlor mortuary funeral chapel and informally undertakers The body may or may not be preserved by embalming before viewing or burial and in some cases

Nationalised bank

means a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970 or a corresponding new bank specified in the First Schedule to the Banking Companies (Acquisition and

Property

Edn.). In Entry 42, List III (Constitution of India) includes the power to legislate for acquisition of an undertaking. The expression 'property' in Entry 42, List III has a wide connotation; and it includes not only assets,

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