Undivided Profits - Law Dictionary Search Results
Undivided profits
Matched in: Term Undivided profits
undivided profits
Matched in: Term undivided profits
Person
Person, a Hindu Undivided Family is a person, Kshetra Mohan-Sannyasi Charan Sadhukhan v. Commissioner of Excess Profit Tax, West Bengal, AIR 1953 … Person, a Hindu Undivided Family is a person, Kshetra Mohan-Sannyasi Charan Sadhukhan v. Commissioner of Excess Profit Tax, West Bengal, AIR 1953 SC 516. According to company law it does not mean an unregistered firm,
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Reserve
by the directors for any purpose to which it may be put in future. The amount designated as 'Undivided Profits' is a part of the reserves and has to be taken into account when computing the capital and
Accumulated profits
Matched in: Term Accumulated profits
Bonus shares
issue of further shares to its shareholders. Bonus shares have, therefore, been described as a distribution of capitalised undivided profit, Standard Chartered Bank v. Custodian, (2000) 6 SCC 427: AIR 2000 SC 1488 (1499). [Companies Act, 1956 … Bonus shares, bonus share is an accretion. A bonus share is issued when the company capitalises its profits by transferring an amount equal to the face value of the share from its reserve to the nominal
Shares in public undertakings
call for a specific part of the land itself or only a share of the profits. See now UNDIVIDED SHARES. Shares are limited in number, each share being indivisible and, in a company having a share capital,
surplus
an excess of the net worth of a corporation over the par value of its capital stock compare undivided profits capital surplus : all surplus other than earned surplus earned surplus : the surplus that remains after deducting
Undivided shares in land
Matched in: Term Undivided shares in land
Minerals
substances in or under any land and the powers of working and getting the same, but not an undivided share thereof. Minerals would include minor minerals unless minor minerals are expressly excluded or the context otherwise requires, … mean an inorganic substance found either on or in the earth which may be garnered and exploited for profit, V.P. Pithupitehai v. Special Secy. to the Government of Tamil Nadu, (2003) 9 SCC 634: AIR 2003 SC
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