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1 - 10 of 11 (0.27 seconds)Mayavaram Financial Corporation Ltd. ... vs Reserve Bank Of India And Ors. on 29 January, 1971
12. I am therefore of the view that the decision in Mayavaram Financial Corporation Ltd. v. Reserve Bank of India, (1972-2 Mad LJ 72) clearly applies and the 1973 directions are valid.
The Indian Partnership Act, 1932
Section 58 in The Companies Act, 1956 [Entire Act]
Section 45K in The Reserve Bank of India Act, 1934 [Entire Act]
Section 7 in The Companies Act, 1956 [Entire Act]
Section 43A in The Companies Act, 1956 [Entire Act]
Section 7 in The Reserve Bank of India Act, 1934 [Entire Act]
The Commissioner Of Income-Tax, Bihar & ... vs Maharaja Pratapsingh Bahadur Of ... on 29 November, 1960
In this connection, the learned counsel referred to the decisions, in Commr. of Income-tax, Bombay v. Amritalal Bhagilal and Co., ; C. I. T. Bihar and Orissa v. Pratapsingh Bahadur, (196 1-2 SCJ 176) : (AIR 1961 SC 1026) and Gurupad v. Hirabai, , as regards the effect of a deeming provision found in a statute. According to the learned counsel the definition of deposit in the Reserve Bank Directions, 1977 would render the 1973 directions as bad in law. According to the learned counsel the restrictions placed by the 1973 directions would violate the right of the petitioners under Article 19(1)(g) of the Constitution of India.