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Judgment Search Results Home > Cases Phrase: debentures companies act Year: 1931 Page 1 of about 6 results (0.034 seconds)

Nov 20 1931 (PC)

The Madras Central Urban Bank Ltd. and the Madras City Co-operative Ba ...

Court : Chennai

Decided on : Nov-20-1931

Reported in : AIR1932Mad474; (1932)62MLJ720

..... sense and that in effect the words 'incorporated company' in section 17 of the bills of sale act meant only a company incorporated under the companies act. one reason which he gave for his interpretation that 'incorporated company' in that section meant only a company incorporated under the companies act was that by the provisions of the companies act the debentures of such a company had to be registered in a register which ..... of such incorporated companies to be registered again under ..... was open to any creditor for examination, and therefore there was no necessity for the legislature to require the debentures .....

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May 21 1931 (PC)

imperial Bank of India Vs. Bengal National Bank, Limited

Court : Mumbai

Decided on : May-21-1931

Reported in : (1931)33BOMLR1338

..... loan. on august 1,1923, a similar debenture was executed and delivered to the imperial bank, creating a similar floating charge as security for a further loan of ten lacs with interest. both documents were duly registered pursuant to section 109 of the indian companies act, 1913. neither document was registered under the indian registration act, 1908. in both documents the charge was ..... in 1907 and registered under the indian companies act, 1882. on or before may 4, 1923, the respondent bank had borrowed from the imperial bank of india, the appellant, hereinafter called the imperial bank, the sum of ten lacs with interest, and on may 4, executed and delivered to the imperial bank a debenture creating a floating charge on the whole ..... to become fixed, amongst other events, on the respondent bank suspending payment. on april 28, 1927, that event happened. on the same date the imperial bank, exercising a power given them by the debenture of august 1,1923, ..... the provisions requiring particulars of the specific property: they also were prepared to contend that provisions in the indian companies act for the registration of charges took the place of the provisions in the indian registration act so far as they affected dispositions by companies. their lordships, in the course of the hearing, felt bound to intimate that in their view, in .....

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May 21 1931 (PC)

imperial Bank of India Vs. Bengal National Bank, Limited (In Liquidati ...

Court : Privy Council

Decided on : May-21-1931

..... for the loan. on 1st august 1923, a similar debenture was executed and delivered to the imperial bank, creating a similar floating charge as security for a further loan of ten lacs with interest. both documents were duly registered pursuant to s. 109, companies act, 1913. neither document was registered under the registration act, 1908. in both documents the charge was to ..... become fixed, amongst other events, on the respondent bank suspending payment. on 28th april 1927, that event happened. on the same date the imperial bank, exercising a power given them by the debenture of 1st august 1923, appointed ..... 1907 was incorporated and registered under the companies act, 1882. on or before 4th may 1923, the respondent bank had borrowed from the imperial bank of india, the appellant, hereinafter called the imperial bank, the sum of ten lacs with interest, and on 4th may executed and delivered to the imperial bank a debenture creating a floating charge on the whole ..... with the provisions requiring particulars of the specific property: they also were prepared to contend that provisions in the companies act for the registration of charges took the place of the provisions in the registration act so far as they affected dispositions by companies. their lordships, in the course of the hearing, felt bound to intimate that in their view, in this .....

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Sep 04 1931 (PC)

In Re: Manekji Petit Manufacturing Co. Ltd.

Court : Mumbai

Decided on : Sep-04-1931

Reported in : AIR1932Bom311; (1932)34BOMLR728; 140Ind.Cas.814

..... are not entitled to preferential payment. it is common ground that the claimants are not entitled to preferential treatment under section 230 of the indian companies act. they are, therefore, as much in the position of a creditor as any one else, and they can only come in with the ..... in the event of the company resolving to raise and raising any loan secured by any one or more debentures of the company or by the mortgage of the company's immoveable property, the company was to forthwith 'invest the moneys deposited by the firm with the company under clause 31 of the ..... devidas madhowji thakersey & co. as selling agents on the terms and conditions contained in an agreement dated november10, 1925. on july 7, 1930, the company appointed messrs. shantidas vithaldas & co., the present claimants, as their selling agents in place of the previous selling agents. no fresh agreement containing all ..... mixed up, because it is only in the event of the company resolving to raise any loan secured by any one or more debentures of the company or by the mortgage of the company's immoveable property, that the company was to forthwith invest the moneys deposited by the claimants in government ..... agreement' in government of india securities, and upon such investment the securities were to remain with the company, .....

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Jul 28 1931 (PC)

Julio Mascarenhas and Others Vs. Mercantile Bank of India, Ltd.

Court : Privy Council

Decided on : Jul-28-1931

..... all previous endorsements. the original securities were cancelled by the trustees and retained by them. the same process, mutatis mutandis, was gone through in the case of the municipal debenture. thereafter, in 1921, fernandes transferred his loan account to the mercantile bank of india, the respondents in these appeals, and on his instructions the alliance bank endorsed the new ..... new instrument the word "consolidation" appeared. it was agreed on the argument in appeal in india that the so-called "debentures" were promissory notes as defined in s. 4, act 26 of 1881, and therefore under s.13, of that act negotiable instruments. in their lordships' opinion this is the correct view of their legal attributes. there was no irregularity in their ..... by the trustees for the improvement of the city of bombay under powers contained in their act (bombay act 4 of 1898) and also one "municipal debenture," being presumably a debenture issued by the municipal corporation of bombay under bombay act 3 of 1888. all of these securities were transferable by endorsement. fernandes seems to have remitted the interest to the appellants regularly ..... till the middle of 1923, when he defaulted, and it was then discovered that he had, in 1918, by means of forged endorsements in his own favour, pledged all the debentures in question (together .....

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May 18 1931 (FN)

Graniteville Mfg. Co. Vs. Query

Court : US Supreme Court

Decided on : May-18-1931

..... three judges refusing an interlocutory injunction to restrain the collection of certain stamp taxes in south carolina. mr. chief justice hughes delivered the opinion of the court. the graniteville manufacturing company, a corporation of south carolina, brought this suit in the district court of the united states to restrain the collection of certain stamp taxes imposed upon its promissory notes under ..... validity of the tax as thus enforced. order affirmed. * the statute is as follows: "section 1. that, on and after the passage of this act, there shall be levied, collected and paid, for and in respect of the several bonds, debentures or certificates of stock and indebtedness, and other documents, instruments, matters and things mentioned and described in schedule a of this ..... u. s. 204 ; baldwin v. missouri, 281 u. s. 586 ; beidler v. south carolina tax commission, 282 u. s. 1 . it is simply a tax levied in relation to an act done within the state in making an instrument. new york ex rel. hatch v. reardon, 204 page 283 u. s. 380 u.s. 152; brodnax v. missouri, 219 u. s ..... act no. 574, p. 1089, of the acts of 1928 of that state. * page 283 u. s. 378 a motion for an interlocutory injunction was heard by three judges, as required by 266 of the .....

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