Write Up - Law Dictionary Search Results
Home Dictionary Name: write upwrite up
write up : to increase the book value of (an asset) write-up [rīt-əp] n ...
Giving notice in writing
Giving notice in writing, Chapter XVII of the Act, containing ss. 138 to 142, was inserted in the Act as per Banking Public Financial Institution and Negotiable Instruments Laws (Amendment) Act, 1968. When the legislature contemplated that notice in writing should be given to the drawer of the cheque, the legislature must be presumed to have been aware of the modern devices and equipment already in vogue and also in store for future. If the Court were to interpret the words 'giving notice in writing' in the s. as restricted to the customary mode of sending notice through postal service or even by personal delivery, the interpretative process would fail to cope up with the change of time. If the notice envisaged in clause (b) of the proviso to s. 138 was transmitted by Fax it would be compliance with the legal requirement, SIL Import v. Exim Aides Silk Exporters, (1991) 4 SCC 567: AIR 1999 SC 1609 (1612, 1613). [Negotiable Instrument Act, 1881, s. 138, proviso (b)]Giving Notice in writi...
Muniment
Muniment, support, defence, record; deed or writing up on which claims and rights are founded and depend; evidences, charters....
Winding-up
Winding-up, the process by which an insolvent estate is distributed, as far as it will go, amongst the persons having claims upon it. The term is most frequently applied to the winding-up of joint-stock companies.The property of a company is collected and distributed firstly in discharge of its liabilities, and secondly, among its members according to their respective rights with a view to its dissolution. If the assets are not sufficient to meet the liabilities, a company is usually wound up by the Court. In other cases the winding-up is usually voluntary and conducted by the company itself either with or without the supervision of the Court. The provisions of the (English) Companies Act, 1929, govern a winding-up in any of these three modes (s. 156). In any winding-up the members who may be called upon to contribute are ascertained and their liability determined under ss. 157-162; see CONTRIBUTORIES. Debts and claims of all kinds require to be proved and if not of certain value to be...
Voluntary winding up and winding up by the court
Voluntary winding up and winding up by the court, the expressions 'voluntary winding up' and 'winding up by the Court' have acquired a technical meaning in our Company and Insurance jurisprudence. Like the Co-operative Society Laws, the Companies Act and the Insurance Act also make a distinction between the cessation of business by a company and its voluntary winding up or winding up by an order of the Court. There is nothing unequivocal in s. 15(a) of the Act to show that Parliament intended to depart from the technical meaning of 'voluntary winding up' and 'winding up by the Court' and to bid a good-bye to the distinction in our Company and Insurance jurisprudence between mere cessation of business by a company and its voluntary winding up or winding up by an order of the Court. The phrase 'voluntarily wound up' in the first limb would mean the voluntary winding up of an insurance public company in accordance with s. 54 of the Insurance Act, The Neptune Assurance Co. Ltd.v. Union of ...
Writing
Writing, in any Act of Parliament, shall, unless the contrary intention appears, be construed as including printing, lithography, photography, and other modes of representing or reproducing words in a visible form, Interpretation Act, 1889, s. 20.Expression referring to 'writing' shall be construed as including references to printing, lithography, photography and other modes of representing or reproducing words in a visible form. [General Clauses Act, 1987 (10 of 1987), s. 3(65)]Writing, includes decoration lettering ornamentation, etc., produced by stencil. [Rajasthan Appropriation (No. 3) Act, 2005, s. 2(f)]Writing, shall be construed as including reference to printing lithography, photography and other modes or representing or reproducing words in a visible form. See General Clauses Act, 1897, s. 3(65), Vikram Singh v. Shri Ram, AIR 1995 MP 140....
write down
write down wrote down writ·ten down writ·ing down : to reduce the book value of (an asset) [write down accounts receivable] write-down [rīt-dan] n ...
Compromise in writing
Compromise in writing, specific and categorical statements on oath recorded in writing by the court and duly read and accepted to be correct by the person making the statement and signed by him can be said to be writing, Pushpa Devi Bhagat v. Rajinder Singh, AIR 2006 SC 2628 [Civil Procedure Code, 1908, O. 23, r. 3]...
wind up
wind up wound up wind·ing up : to bring to an end by taking care of unfinished business [ordered to wind up his practice] ;specif : to conclude by removing liabilities and distributing any remaining assets to partners or shareholders [wind up the business and affairs of a corporation in dissolution] [wind up a receivership] ...
Set up
Set up, means a unit cannot be said to have been set up, unless it is ready to discharge the function for which it is being set up. It is only when the unit has been put into such a shape that it can start functioning as a business or a manufacturing organization that it can be said that the unit has been set up. The word 'set up' in the principal clause is equivalent to the word established, CWT Madras v. RS Cotton Mills, AIR 1967 SC 509: (1967) 1 SCJ 123: (1967) 1 ITJ 1: (1967) 1 Andh WR (SC) 25: (1967) 1 Mad LJ (SC) 25: (1967) 63 ITR 478....
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