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Judgment Search Results Home > Cases Phrase: debentures companies act Court: andhra pradesh Page 10 of about 110 results (0.048 seconds)

Feb 28 1979 (HC)

Fatima Fauzia and anr. Vs. Syed Ui-mulk and ors.

Court : Andhra Pradesh

Reported in : AIR1979AP229

..... within six months in (i) securities of the central government or state government (ii) savings certificates (iii) units of the unit trust of india (iv) debentures specified by the central government (v) shares in any indian company which are issued to the public (v-a) equity shares; and (vi) deposits for a period of not less than 3 years with state bank ..... therein have specifically been made. this power of control is conferred on the court by the sovereign parliament with a view to safeguard the interests of the beneficiaries from the acts of omission or commission on the part the trustees, which results in injustice to them although, fraud, collusion, corrupt motives. gross-negligence or malafides have been neither alleged nor proved ..... the best price: and that in the execution of their trust they will pay equal and fair attention to the interests of all persons concerned. if trustees or those who act by their authority, fail in reasonable diligence -- if they contract under circumstances of haste and improvidence................ a court of equity will not enforce the specific performance of the contract, ..... his beneficiaries, and in the case of several successive beneficiaries, with a fair and impartial attention to the interests of all the parties concerned. trustees, if they or those who act by their authority fail in reasonable diligence in inviting competition, or in the management of the sale, or if they contract under circumstances of haste and improvidence, or contrive to .....

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Nov 12 1986 (HC)

Commissioner of Income-tax/Wealth-tax Vs. Polisetty Somasundaram Chari ...

Court : Andhra Pradesh

Reported in : [1990]183ITR377(AP)

..... indicate prominent modes to convey the width of the expression 'invest'. investment involves laying out the amount in partnership firms, shares in joint stock companies, real estate business and such other concerns or businesses. in the process of investment, an element of risk is involved and the expectation of ..... stretched to house property or capital gains apart from the holding of shares, debentures, stocks or other securities, the supreme court held that 'investment' covers acquisition of house property or capital gains and 'investment' primarily means the act of laying out moneys in the acquisition of some species of property. in ..... or both. the lending as such is not prohibited if adequate security are taken care of section 13(2)(h) interdicts investment and the act of investment alone is sufficient to deny the exemption. in view of this seminal distinction, the revenue endeavoured to bracket the transaction under investment ..... charitable or religious institution, any income thereof - (i) if such trust or institution has been created or established after the commencement of this act and under the terms of the trust or the rules governing the institution, any part of such income enures or (ii) if any part ..... of educational institutions of any kind. the income-tax officer found that the objects were within the provisions of section 2(15) of the act but, however, held that the income of the institution is taxable as the entire funds of the institution were lent to messrs. polisetty .....

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Aug 29 2001 (HC)

M. Vijaya Vs. Chairman and Managing Director, Singareni Collieries Co. ...

Court : Andhra Pradesh

Reported in : I(2002)ACC32; 2002ACJ32; 2001(5)ALD522; 2001(5)ALT154

..... , prima facie, the victim has suffered owing to negligence on the part of the medical and para-medical staff of the hospital of the company. the company itself has disclosed that out of the work force of one lakh about one thousand workers have been tested hiv+ve and keeping in view ..... compelled to be a witness against himself. be that as it may, under prison laws, see sections 24, 37, 38 and 39 of the prisons act, 1894 (central act 9 of 1894) rules 583 to 653 (chapter xxxv) and rules 1007 to 1014 (chapter lvii) of andhra pradesh prisons rules, 1979, as ..... and by reason of such innocence he or she spreads the disease. do we have any law to deal with a situation?49. epidemic diseases act, 1897 (act 3 of 1987) was enacted for the prevention of the spread of dangerous epidemic diseases in the country. hiv-aids, though not epidemic, is ..... for establishment of blood banks under the drugs control act. as already noticed, one such state council has been established in the state of andhra pradesh and it is dealing with various licensing aspects of ..... of hiv infected cases inter alia directed the government to establish a national council of blood transfusion as a society registered under the societies registration act. a direction was also issued to all the state governments to establish state councils of blood transfusion and also undertake to adopt strict licensing procedures .....

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Apr 06 2001 (HC)

Siddula Madhukar and Another Vs. Govt. of A.P. and Another

Court : Andhra Pradesh

Reported in : 2001(3)ALD317; 2002(6)ALT144

..... of stamp duty in respect of bills of exchange, promissory notes, bills of lading, letters of credit, policies of insurance; transfer of shares, debentures, proxies and receipts'. 21. entry 44 of list iii covers a wide field. it is now a well settled principle of law that an entry ..... liability is, or purports to be created, transferred, limited, extended, extinguished or recorded. 24. as indicated hereinbefore, section 3 of the said act provides for the taxable event being on the instrument. a deed of sale or any other transfer or any other conveyance whereby and whereunderright or ..... : provided that nothing in this sub-section shall apply to any instrument registered before the date of commencement of the indian stamp (andhra pradesh amendment) act, 1971. (4) any person aggrieved by an order of the collector under sub-section (2) or sub-section (3) may appeal to the ..... , after giving the parties opportunity of making their representation and after holding an enquiry in such manner as may be prescribed rules made under this act, determine the market value of the property which is the subject-matter of such instrument and the duty as aforesaid. the difference, if any ..... thus: '47-a. instruments of conveyance, etc., under-value-how to be dealt with :-- (1) where the registering officer appointed under the registration act, 1908, while registering any instrument of conveyance, exchange, gift, partition, settlement or lease, reason to believe that the market value of the property which .....

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Dec 08 1994 (HC)

Mirza Mahboob Ali Baig Aslam Vs. Union of India (Uoi)

Court : Andhra Pradesh

Reported in : 1995(1)ALT239

..... as provided by section 21 of the act... nor have any rules been issued to the company under the acts 4 of 1879 of 9 or 1890.'in vijay shanker v. union of india, a division bench of the punjab high court considered the position ..... sanction that, if he does not, those who come over it becomes licensees.'as observed in another english case, even under the english act, that is, the railway clauses consolidation act, 1845, 'there is no duty in a railway company to fence their line of railway as towards passengers or persons already on the line; the duty in them is towards persons of ..... , c.j. as quoted in b.n. ry. co. v. tara prasad, air 1928 calcutta 504 at 508.'the obligation imposed on railway companies of fencing their railway by section 21, act 18 of 1854 was repealed by act 25 of 1871, and in lieu thereof there was substituted the power to the governor-general or local government to make rules for fencing ..... under the old act, when a claim was made for damages based on the alleged negligence of railway in not fencing the track in front of residential .....

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Oct 01 2010 (HC)

Akkireddi Nagayamma W/O Appalanaidu and One Another. Vs. Adhikari Appa ...

Court : Andhra Pradesh

..... of its immovable property or any interest therein to trustees upon trust for the benefit of the holders of such debentures; or(iv) any endorsement upon or transfer of any debenture issued by any such company ; or (v) (any document other than the documents specified in sub-sec.(1a) except an agreement of sale ..... of the same suit or proceeding on the ground that the document has not been duly stamped. for ready reference section 61 of the indian stamp act reads as under: "61. revision of certain decisions of courts regarding the sufficiency of stamps: (1) when any court in the exercise of its ..... cross-examination was deferred and he has not raised any objection and at a later stage he raised objection, therefore, section 36 of the indian stamp act, 1899 comes into play. the language of section 36 is very clear and categorical which shows when a document is admitted in evidence, such admission shall ..... , 1872, and not conferred by a will, shall also be registered."he also drawn the attention of the court to section 36 of the indian stamp act, which reads as under:" 36. admission of instruments, where not to be questioned:- where an instrument has been admitted in evidence, such admission shall not ..... as would be regular. the omission to object becomes fatal because by his failure the party entitled to object allows the party tendering the evidence to act on an assumption that the opposite party is not serious about the mode of proof. on the other hand, a prompt objection does not prejudice .....

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Oct 27 1932 (PC)

Shahabad Cement Company Vs. H.E.H. the Nizam's Government

Court : Andhra Pradesh

Reported in : 143Ind.Cas.591

..... be condoned?2. we heard the arguments of the parties and considered the materials on the record. it appears that a debenture trust deed was executed by the shahabad cement company ltd. when it was presented by mr. feroz jamshedji bilmoria in the registration and stamps department for ascertaining the stamp duty, ..... bond.(ii) has the application been properly presented to the chief controlling revenue authority for decision under section 43 of the hyderabad stamp act (section 45 of the indian stamp act no. ii of 1899)? can he pass orders irrespective of the bar of limitation?(iii) are the present proceedings barred by limitation? ..... the application on this ground, but inasmuch as he has referred the case with his opinion under section 55 (section 57 act no. ii of 1899) of the stamp act to the high court for decision no question of limitation will arise.5. as for the third point we hold that when ..... 201 dated the 31st khurdad 1341 fasli has referred the following point s for decision under section 55 of the hyderabad stamp act no. iv of 1331 fasli section 57 of act ii of 1899:(i) whether the stamp duty on the document in question should be levied under articles 29, 40 clause ..... section 43 relates to the proceedings before the chief controlling revenue authority and apparently section 5 of the hyderabad limitation act no. ii of 1322 fasli (corresponding to section 5 of the indian limitation act, ix of 1033), is not applicable to such proceedings.rai biseshar nath, j.6. (dissenting)--i concur .....

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Aug 30 1961 (HC)

Vizagapatnam Sugars and Refinery Ltd. Vs. Commissioner of Income-tax, ...

Court : Andhra Pradesh

Reported in : [1963]47ITR139(AP)

..... of the said agreement and in consideration of the promises and in consideration of the negotiating for procuring the subscription of the said debentures the company hereby agree to pay to the said motishaw commission at the rate and on the basis of four annas on the sale of every ..... at any time. the question was whether the 5 per cent. interest paid to b on these debentures by the company could be deducted from its income under section 12(2) of the income-tax act. it was pointed out by the supreme court that :'... the transaction was voluntarily entered into in ..... the working capital of the company. in issuing the debentures the company incurred rs. 12,924 by way of expenses towards purchase of stamp paper for the trust deed, underwriting commission and registration and lawyers fees. the question was under section 10(2) (xv) of the income-tax act as a deduction. the ..... to raise the loan was a capital expenditure and was not therefore deductible under section 10(2) (xv). it was further held that :'the raising of money by debentures or mortgage ..... learned judges held that the expenditure of rs. 12,924 incurred by the company .....

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Dec 21 1961 (HC)

Rani J. Sarala Devi Vs. Commissioner of Income-tax, Andhra Pradesh.

Court : Andhra Pradesh

Reported in : [1962]46ITR837(AP)

..... the ambit of section 12(2) but a question had been raised in view of the particular position of the party who took debentures. the assessee was an investment company. it was originally formed for acquiring, holding and otherwise dealing in shares and government securities which belonged to lord cable. the majority ..... question of fact in each case whether the amount which is claimed as a deductible allowance under section 10(2)(xv) of the income-tax act was laid out wholly and exclusively for the purpose of such business and if the fact-finding tribunal comes to the conclusion on evidence which would ..... , the amount of the interest paid :provided that no allowance shall be made under this clause in any case for any interest chargeable under this act which is payable without the taxable territories, not being interest on a loan issued for public subscription before the 1st day of april, 1938, except ..... items 4 and 5 that section must, however, come up for our consideration and these are covered by sections 10 and 12 of the income-tax act. to be more precise, section 10(2)(iii) and (xv) and section 12(2) are the relevant provisions which require careful examination for the ..... thus negative, the matter is now before us on reference.the question is whether the allowances claimed are permissible allowances under the statute. the income-tax act, it may be remembered, under section 3, renders the total income of an assessee chargeable, subject of course to certain exemptions. the total income of .....

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Jul 19 1995 (TRI)

Tata Timken Limited Vs. M. Venkatarao and Others

Court : Andhra Pradesh State Consumer Disputes Redressal Commission SCDRC Hyderabad

..... not amount to deficiency of service. it was further held that there is no question of share-holder hiring the services of the company in the issue of debentures and no consideration was paid by the share-holder to the company for that purpose. following aforesaid decisions, we hold that the complaint is not maintainable and that there is no deficiency of service ..... damages of rs. 21,500/- from the opposite party and costs. the complainants case was that he was allotted 20 partly convertible debentures which have to be converted later into 100 shares and also 20 part-b debentures. subsequently, those debentures were converted into original share certificates for which the numbers and the allotment number were mentioned in the complaint. the complainants grievance .....

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