Companies Act‚1956(S.124)‚ the expression ‘charge’ includes ‘Mortgage’. What is meant by a fixed and a floating charge? A ‘fixed charge’ is also called a ‘specific charge’. It extends over a specific property or properties of the company. In other words‚ the charge attaches to the property that is identified at the time when the charge is created. eg.‚ land‚ heavy machinery‚ buildings. The essence of the fixed charge is that though the possession of the specified asset is with the company‚ the
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2 © Government of Kerala tIcf k¿°m¿ 2012 Reg. No. cPn. \º¿ KL/TV(N)/12/12-14 2. Definitions.— (1) In these rules‚ unless the context otherwise requires‚— (a) “Act” means the Chit Funds Act‚ 1982 (Central Act 40 of 1982); (b) “Appendix” means Appendix I or as the case may be Appendix II to these rules; (c) “Assistant Registrar’’ means an Assistant Registrar of Chits appointed under section 61 of the Act; (d) “authorised agent” means a person duly authorised by a power of attorney executed and
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types of documents which require compulsory registration. 1. Instruments of gift of immovable property. In a case law " Kalyan Sundram vs Karuppa " ‚ it was held that registration is necessary for the enforcement of gift of immovable property. Non-testamentary instrument which create‚ declare ‚ assign‚ limit or extinguish ‚ any right title or interest for a value of 100 or more ‚ in immovable property. Acknowledgement to receipt or payment of any consideration for creation ‚ declaration ‚ assignment
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bank or who has given guarantee or created mortgage or pledge as security to the bank in respect of any loan‚ who becomes borrower of a securitisation company or the reconstruction company consequent to acquisition by it. Property (i) Immovable property (ii) movable property (iii) any debit or right to receive payments of money whether secured or unsecured (iv) receivables whether existing or future (v) intangible assets being knowhow‚ patent copyright‚trade mark‚ license‚franchise or any other
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with the customs and traditions of the Roman Catholic and Church; II. That my properties are as follows: A. Immovable Property: B. Movable Property: III. That should the Lord Almighty finally summon this soul from its earthly abode‚ it is my wish and desire to bequeath‚ grant and devise my properties above-mentioned‚ as follows: 1. To my beloved wife …………………………………………… I hereby bequeath the properties known as NOS………………‚ ………………………‚ ……………………… …; 2. To my esteemed children‚ ………………………
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What is land? Law of Property Act 1925 s.205 (1)(ix) Land includes land of any tenure‚ and mines and minerals‚ whether or not held apart from the surface‚ buildings or parts of buildings (whether the division is horizontal‚ vertical or made in any other way) and other corporeal hereditaments; also a manor‚ an advowson‚ and a rent and other incorporeal hereditaments‚ and an easement‚ right‚ privilege‚ or benefit in‚ over‚ or derived from the land Law of Property Act 1925 s.62 A conveyance
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Transfer of Property Act‚ Contract Act etc. The (Jammu and Kashmir) Registration Act‚ Svt 1970 (1922 A.D) is a specific Legislation which under section 17 enumerates the documents which have been compulsorily registered under the Act. The first class of document which is enumerated under clause (a) sub section (1) of section 17 of the Registration Act (hereinafter referred as ‘the Act’) is an ‘instrument of gift of immovable property’. Thus as a general rule gifts relating to immovable property must be
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QUESTION 1 The land laws of Malaysia are contained in the main pieces of legislation. What are they? The National Land Code 1965 was made effective from 1st of January 1966. It was enacted to ensure uniformity of land laws and land policies with respect to land tenure‚ registration of titles relating to land‚ transfer of land‚ leases‚ charges in respect of land‚ easements and other rights and interests inland. Some of the contents of National Land Code 1965 are as follows: indefeasible title
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can artificially separate us from people who could greatly enrich our lives if we only knew them better. Does it have to be this way? You should respect women by listening to what they have to say because when she tells about her thought and personal feelings you would actually understand were she is coming from. It’s a little-known fact that men interrupt women more often in conversation‚ and not the other way round as some might think. For many people even for me listening is a difficult skill
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