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Business

1 SCR 742. [Industrial Disputes Act (14 of 1947), s. 2 (7)] 'business' includes - (i) any trade, commerce or manufacture or any adventure or concern in the nature of trade, commerce, manufacture, adventure or concern is … v. Raipur Mfg. Co., (1967) 1 SCR 618: AIR 1967 SC 1066: (1967) 19 STC 1, though extensively used in taxing statues, is a word of indefinite import. In taxing statutes, it is used in the sense

Advertisement

Advertisements Act, 1889 (52 & 53 Vict. c. 18). Chit. Stat., tit. 'Criminal Law.' The owner of land used for advertisements and not otherwise occupied is rateable, according to the value of such use, by virtue of … light, sound, smoke or gas. [Cigarettes and other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act (34 of 2003), s. 3(a)] Advertisement is a matter that draws attention of

Mark

the inspection of manufacturers; or to show that the duties imposed thereon have been paid. It is also used to indicate the price of a commodity. If one use the mark of another to do him damage, … impression; a proof; an evidence; licence of reprisals; also, formerly, a coin of the value of 13s. 4d. In commerce, a certain character struck or impressed on various kind of commodities, either to show the place where they

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stipulate

or requirement of an agreement [parties may not the invalidity of statutes or ordinances "West v. Bank of Commerce & Trusts, 167 F.2d 664 (1948)"] [the contract stipulated that the lessor was responsible for maintenance] [within a … an agreement or covenant about something (as damages) 2 : to demand a particular promise in an agreement used with for [may…assume or for obligations of all kinds "Louisiana Civil Code"] 3 : to agree respecting an

Import

materials, commodities and articles in a solid, liquid or gaseous state and all forms of energy for the use of any industrial concern in the small-scale sector. [Small Industries Development Bank of India Act, 1989 (39 of … to bring (wares or merchandise) into a place or country from a foreign country in the transactions of commerce; opposed to export. Similarly 'export' according to Webster's International Dictionary means 'to carry away; to remove; to carry

Public Order Act, 1936

or the public or not even though there may be certain conditions attached to the entry or the use thereof, State v. Dohana Jamnadas, AIR 1961 Guj 182. Means a place to which persons are in the … not include any open space. [Cigarettes and other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003 (32 of 2003), s. 2(l)] Means any place which the public have

Salary or wages

delivery of goods on hire-purchase or any system of payment by instalments, (d) transfer of the right to use any goods for any purpose (whether or not for a specified period) for cash, deferred payment or other … sale and exposure for sale. [Cigarettes and Other Tobacco Products (Prohibi-tion of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003, s. 2(m)] Sale. Blackstone (2 Com. 446) defines it as 'a transmutation

Monopoly

See LETTERS-PATENT. --is the power to control prices or exclude competition from any part of the trade or commerce among the producers, Union of India v. Hindustan Development Corporation, (1993) 3 SCC 499 (532).

Compensatory tax

deciding whether a tax is compensatory or not is to enquire whether the trades people are having the use of certain facilities for the better conduct of their business and paying not patently much more than what … to defray the costs of regulation or to meet the outlay incurred for some special advantage to trade, commerce and intercourse, Jindal Stainless Ltd. v. State of Haryana (SC), (2006) STC 544.

Capital

the investment and attribution of returns to capital in the case of minerals, and timber. See SETTLED LAND. In commerce, and as applied to individuals, it is understood to mean the sum of money which a merchant, banker, … a periodical or other return (fructus, produce or income). The word 'capital' when employed in Company Law is used in different senses. Nominal capital is the capital of a company so stated for the purposes of division

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