Re Dinshaw Maneckji Petit Case

In: Social Issues

Submitted By lawfacclc
Words 1342
Pages 6
Workmen v. Associated Rubber Industry Ltd.
(1985) 4 SCC 114
Facts of the Case – The Associated Rubber Industry Ltd. had purchased, some years back, shares of INARCO Ltd. by investing a sum of Rs 4,50,000. They were getting annual dividends in respect of these shares and the amount so received was shown in the profit and loss account of the company year after year. It was taken into account for the purpose of calculating the bonus payable to the workmen of the company. Some time in the course of the year 1968, the company transferred the shares of INARCO Ltd. held by it to Aril Bhavnagar Ltd. (changed to the Aril Holdings Ltd.), a subsidiary company wholly owned by The Associated Rubber Industry Ltd. Aril Holdings Ltd. had no other capital except the shares of INARCO Ltd. transferred to it by the Associated Rubber Industry Ltd. It had no other business or source of income whatsoever except receiving the dividend on the shares of INARCO Ltd. The dividend income from the shares of INARCO Ltd. was not transferred to The Associated Rubber Industry Ltd. and therefore, it did not find place in the profit and loss account of the company with the result that the available surplus for the purposes of payment of bonus to the workmen of the company became reduced. The net result of the exercise was that bonus at the rate of 4% only was paid to the workers for the year 1969 instead of at the rate of 16% to which they would have otherwise been entitled. We may mention here that Aril Holdings Ltd. was itself wound up in the year 1971 and amalgamated with The Associated Rubber Industry Ltd.
The workmen of The Associated Rubber Industry Ltd., Bhavnagar raised an industrial dispute claiming that they were entitled to be paid bonus at the rate of 16% for the year 1969. According to them, the transfer of the shares of INARCO Ltd. to Aril Holdings Ltd. was no more than a device to…...

Similar Documents

Petit

...Adolescent times of storm and stress revised Hanne Op de Beeck Leuven Institute of Criminology (LINC) Hanne.Opdebeeck@law.kuleuven.be ABSTRACT This paper focuses on two issues regarding theories of adolescence. The first one, which has been a topic of discussion for a long time, concerns whether adolescence should be regarded as either an uncomplicated or a turbulent period. In the latter case, it is aspired in this paper to find out which factors account for such turbulence. The second issue, which arose more recently, concerns the continually longer postponement of the transition to adulthood. These topics are empirically addressed using the data of the second Flemish Youth Monitor. Analyses indicate that the loss of childhood innocence causes adolescents to have a more realistic evaluation of live, self and relationships. For adolescents whose ties with parents and their school environment are less tight, this can cause heightened stress in terms of lowered selfesteem and negative future prospects. These stresses, however, cannot account for the rise in delinquent activity during this developmental stage, for the analyses indicate that adolescent delinquency rather results from a more outgoing lifestyle. Finally, the idea of a prolongation of ‘storm and stress’ cannot be supported by the data, since it is found that most youth find their balance back around age 22. 1. STORM AND STRESS? The idea of adolescence being a period of ‘storm and stress’ – a perspective which was......

Words: 7923 - Pages: 32

Petit Nicolas

...Le Petit Nicolas un livre phénoménal... Le livre "le petit Nicolas" par Goscinny et Sempe est très humoristique et mignon. Il est à propos d'un petit garçon et son unique aventures pendant son enfance. A mon avis, ce livre a été très facile à comprendre même si elle était Français, et il était différent. C'est un excellent livre et il contenait à la fois sérieuse et humoristique les événements. . C'est un livre pour les enfants mais aussi les adultes ainsi. lorsque les adultes lu, le livre leur rappelle leur enfance et réveille les souvenirs. Quand les enfants, lire le petit Nicolas, ils jouissent des mauvaises choses Nicolas et ses amis ne et le gronder qu'ils obtiennent après cela. Ils rient chaque fois qu'ils ont lu le livre. Le livre est très drôle, et même si les garçons faire beaucoup de choses qu'ils ne devraient pas être à cet âge, il est très adorable puisque c'est juste une histoire. Il contribue aussi à améliorer une personne de vocabulaire français dans un cadre amusant et hilarant. Je conseille à tout le monde de lire ce livre adorable et je garanti ils pourront en profiter. Je donne le livre un 9 sur 10 car c'est un fantastique livre, et c'est très bien et drôle. Je pense que c'est un grand livre pour les Français, 10 e année de Holy Name of Mary. Ce livre est facile à comprendre, et le grade 10 étudiants connaissent déjà la plupart des mots dans le livre. Il y a même une liste de vocabulaire après chaque chapitre pour aider l'étudiant mieux comprendre.......

Words: 377 - Pages: 2

Case: Re-Engineering the Payment Process System at Rfc

...ERP-systems (1729) Case: Re-engineering the Payment Process System at RFC Question 1: Draw a current process model for the payment processing system at RFC. Question 2: What changes in business processes and information do you feel will improve the payment processing system at RFC? Main system I would consider to adding a central server at the headquarters of RFC. Especially since they are considering to expand in the next three years. Using a central server gives the branches the opportunity to be up-to-date in real-time. To accomplish this, all branches need an Internet connection with a VPN connection to the headquarters central server. Every branch has its own ERP branch software that is connected to the headquarters ERP system and therefore also with the central server. When using a process like this it is important that the ERP systems know when someone is watching a certain profile or editing it as it will prevent errors and or double entries. The vouchers and bank receipts will not be used anymore and will be replaced by the ERP system. Customers have to sign a form whether they pay at a branch or at the HQ. If a branch deposited the money, an e-mail will be sent to the branch and HQ to inform the employees. The bank will send data to the main server that updates the main ERP system and thereby also the ERP branch software. Customers It is a must for customers to be able to use a web application that gives them the opportunity to pay online and...

Words: 966 - Pages: 4

Res 351 Ramada Case

...Case#1: Ramada Demonstrates its Personal Best Samika Moody RES/351 11/20/2012 Wayne Bjerregaard Case#1: Ramada Demonstrates its Personal Best 1. Build the management-research question hierarchy for Ramada. The management dilemma in this case is the difference in number of employees hired at each Ramada franchise that could potentially affect customer service ratings. The management question is how can customer satisfaction be influenced throughout each property and Ramada franchise? Some research questions that can be considered are: what about hiring the best people to help continue the brand of Ramada’s quality of service? What about providing a training program to help portray the kind of quality service employees should be demonstrating to customers? Also how can management help motivate the employees to serve customers better? The investigative question to evaluate is if new employees as well as old employees and management will be committed to change during this process? The measurement questions would consist of what customer service models can we imitate or refer to? What program can we develop similar to what we have observed among other customer service models? The management decision is Ramada now hires employees by screening for characteristics revealed by Predictive Index. Ramada now trains employees through CD-based multi-media training where employees can self learn at their own pace due to the training programs flexibility. Lastly, the......

Words: 690 - Pages: 3

Petit Prince

...Le Petit Prince Le Petit Prince, est l'œuvre la plus célèbre d’Antoine de Saint-Exupéry. D’abord publié à New York en Avril 1943, le Petit Prince a vendu plus de 150 millions d'exemplaires à travers le monde. Le petit prince est un livre pour les enfants, mais chaque personnage apporte un message universel. Le message essentiel du roman présente que les meilleures choses dans la vie sont les plaisirs les plus simples, et que la richesse réelle consiste à donner aux autres. Le roman classique d'Antoine de Saint-Exupéry, offre une histoire plus avancé par lequel il s'engage dans une discussion symbolique et pour conclure philosophique. Tout au long du roman, les lecteurs rencontrent de nombreux symboles, les symboles sont des objets, des personnages, des chiffres ou des couleurs utilisés pour représenter des idées abstraits ou des concepts. Cependant, il y a plusieurs symboles dans ce roman, alors je présenterai seulement l’importance des étoiles, les trains, les arbres baobabs, l’eau et pour conclure le désert. Lorsque le narrateur était un pilote, c’était clair que les étoiles était important pour lui, le narrateur dépendait d'eux pour la navigation. Cependant, après que le narrateur rencontre le petit prince, il trouve que les étoiles servent d’un nouveau sens pour lui, parce qu'il sait que le prince habite parmi eux. Les étoiles signifient des choses différentes pour chaque personne, et juste avant le petit prince quitte la terre, il rend cette idée plus précise. ......

Words: 1549 - Pages: 7

Re

...it what it is all about, changing ourselves so not only we look better, but feel better as well? The obvious risks associated with plastic surgery are the possibilities of not only having a complication, but also receiving bad work. No wants to pay a substantial amount of money to end up looking worse than before they went in for the procedure. On top of this, there is also no one who wants to pay to have a procedure dine just so they can have nerves damaged. In order to better understand the advantages and disadvantages of plastic surgery, you really have to talk with the surgeon who will be in charge of your procedure so that he or she can better explain the risks. It is also important that you are as well informed as you can be in case you have to make a decision as it is better to make an informed decision rather than a guess....

Words: 370 - Pages: 2

Res Final

...------------------------------------------------- Top of Form Bottom of Form The incredibly difficult RES 351 final exam is a scary thought! Most people score in the 50% to 60% range on this test. Don't be one of them. We've spent countless hours zeroing in on the correct answers the final business research test. Let us help you reach your highest potential on this exam. Not only will you get an awesome grade, but our answer explanations will help you learn the material effectively.    RES 351 Final Exam Instant Download. 100% Accurate.   What's Inside the RES351 Answers Study Guide?  Content: A custom study guide with 30 answers and explanations at 100% accuracy.  Type: Instant Download Format: Microsoft Word Version: 2013 Exam Version Freshly Updated for 2013-2014!  Update Notes: Updated and verified on November 8th, 2013. Guaranteed A on the test or your money back! All questions also include explanations to help you fully comprehend the test concepts.    Free RES 351 Final Exam Answer Samples 1. The process of stating the basic dilemma and then developing other questions by progressively breaking down the original question into more specific ones is called the _____. A. research question B. management-research question hierarchy C. management dilemma D. management question Explanation: This is a questions hierarchy that enables research data to become more refined as specific as smaller questions are developed.    2.  Minute Maid sees research as the fundamental first...

Words: 1279 - Pages: 6

Pirelli Re

... | | | | | | | | | |The cultural and social influences on the buying behaviour process: the Pirelli RE case study | | | | | |IM44 | |Marketing Research Project, Fall semester of 2009 | | ...

Words: 15068 - Pages: 61

In Re Gault

...In Re Gault Gerald Gault, who was fifteen years back then in 1964, was arrested for making an obscene phone call to his neighbor, Mrs. Cook. This was after a complaint was filed by Mrs. Cook. Ronald Lewis, a friend of Gerald, was also arrested in the process. When Gerald was arrested, Gerald’s parents were at their respective workplaces. The police officer who arrested Gerald and Lewis did not try and inform Gerald's parents of the arrest neither did he leave them a notice. Gerald's parents eventually learned about the arrest through the parents of Ronald Lewis. Gerald's mother went to the detention home where she was informed that her son's hearing was scheduled the next day. The police officer who arrested the two children filed a petition on the day of the first hearing, Gerald's parents were not served with the petition (Uscourts.gov). Gerald's parents never saw the petition until two months later. They learned about the petition on the day of Gault’s habeas corpus hearing which was on August 17, 1964. The hearing that took place on June 9 was informal, the proceedings were not recorded and also Mrs. Cook did not attend the hearing. The judge questioned Gerald to determine if there were any clashing statements as to what Gerald had confessed. Gault was then taken once more to the Detention Home. Gerald was detained for a few days before being set free. After Gerald had been released, his parents were informed that another hearing was set for June 15, 1964 (Uscourts.gov)...

Words: 595 - Pages: 3

Res/351

...Statistical Research: Descriptive and Inferential Week 5 RES/351 The articles that describe each method, one is for descriptive statistical and the other is for inferential. With the descriptive statistical method in Statistical Primer for Cardiovascular Research by Martin G Larson 2007, uses the descriptive method to determine the cases of acute myocardial infarction cases during 2006. The inferential method in the article, Determination of Predictors of Cause of Mortality in HIV Cohorts from years 2002 to 2011, by Kennedy N Otwombe (Feb 2014), using the statistical method of determining exactly mortality rates in HIV cases. The specific situation with Mortality rates in HIV cases would be to find the variation methods over time to determine either binary dependant variable and the independent predictor for the HIV causing death to patients with no opinion of what caused the death. But with Cardiovascular research the differences of BMI, overweight and underweight all determining factors on the causes of the primers. As well as diet to play a major role in helping with the research. With the differences in descriptive statistics and inferential, the descriptive in the Cardiovascular research compares in a more mathematical way of determining if the diet, BMI, overweight and underweight determine their health condition. This method can also be not as accurate as other methods by using measure of central tendency and is about small portion observations by rounding or...

Words: 670 - Pages: 3

Cases

...In re Sir Dinshaw Maneckjee Petit Bari AIR 1927 Bom. 371 Marten, C.J. – For the financial year 1925-26, the assessee Sir Dinshaw Petit has been assessed for super-tax on an aggregate income of Rs. 11,35,302 arising in the previous year. Of this sum he objects to Rs. 3,90,804 made up of two sums of Rs.2,76,800 and Rs. 1,14,004, the former of which arises from Government and other fixed interest bearing funds, and the latter from dividends in companies. Nothing appears to turn on this distinction, and I shall accordingly ignore it. Admittedly the assessee is the legal owner of most of these funds in the sense that they stand in his name and the interest and dividends are paid to him direct. Admittedly as regards the rest the apparent legal owners are his nominees and he receives the interest and dividends. Admittedly he has retained all the above interest and dividends and applied the same to his own use. But he contends that he is only a trustee for certain family companies which he has formed: that the interest and dividends are theirs and not his: that he has credited them in account, and that though he has had the benefit of them in specie this is because the family companies have lent him these moneys at interest which he has credited to them in account although he has not actually paid the interest in cash. He says that the family companies are under no obligation to declare a dividend, and are entitled to lend out their income in this way, even though it results......

Words: 8140 - Pages: 33

Re Charities

...RE: Poverty "Poverty is defined relative to the standards of living in a society at a specific time. People live in poverty when they are denied an income sufficient for their material needs and when these circumstances exclude them from taking part in activities which are an accepted part of daily life in that society." Scottish Poverty Information Unit. The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values." The World Bank Organisations. These are just a few of the different definitions of poverty from different views. The general definition is ‘the state of being extremely poor’ and/or ‘the state of being inferior in quality or insufficient in amount’. Absolute poverty is defined as the lack of sufficient resources with which to meet basic needs. Relative poverty defines income or resources in relation to the average. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The poorest 40 percent of the world’s population accounts for 5 percent of global......

Words: 1411 - Pages: 6

Re: the Bob Myers Case

...According to the case, Bob Myers was a highly motivated and hardworking worker. He never wasted time in mediocrity, because he always had the full schedule. However, he got sick and his performance went down, because he drove himself relentlessly. In the spring, he became anxious, because he finished all his works and felt bored. On the one hand, he might get used to the busy work, so he was entirely unused to such relaxing working condition. On the other hand, he might overly care about other collogues’ evaluations of him, because his working environment was too intensive. I do believe there is a method that can help Myers tide over his illness. Whetten and Cameron, (2011)stated that one of the key factors to eliminating anticipatory stressors was the small-wins strategy,one began by changing something that was relatively easy to change. Then another "easy change" was added, and so on (p.150). Myers needs to divide large and long-term goals into small and tangible pieces in order to make him feel fulfilled. Moreover, Myers also feels that some people have lost confidence in him. Retrieving all the lost confidence at once is an overwhelming task, but he could build the trust by some small things step by step. I do believe each successful change generates more and more momentum that, when combines together, lead to the larger change that he desires. Consequently, he will feel less lost. References Whetten, D. A., & Cameron, K. S. (2010). Developing Management Skills....

Words: 260 - Pages: 2

Res/351

...|[pic] |Syllabus | | |School of Business | | |RES/351 Version 1 | | |Business Research | | |20Dec2011 – 24Jan2012 | Copyright © 2011 by University of Phoenix. All rights reserved. Course Description This course evaluates the process of conducting business research for improving decision making within an organization. Students will learn to apply an understanding of commonly employed business research techniques to improve a situation, solve a problem, or change a process. Other topics include problem framing, data collection, data analysis, and data presentation. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. • Instructor......

Words: 2180 - Pages: 9

Youth Unemployment in India

...In re Sir Dinshaw Maneckjee Petit Bari AIR 1927 Bom. 371 MARTEN, C.J. – For the financial year 1925-26, the assessed Sir Dinshaw Petit has been assessed for super-tax on an aggregate income of Rs. 11,35,302 arising in the previous year. Of this sum he objects to Rs. 3,90,804 made up of two sums of Rs.2,76,800 and Rs. 1,14,004, the former of which arises from Government and other fixed interest bearing funds, and the latter from dividends in companies. Nothing appears to turn on this distinction, and I shall accordingly ignore it. Admittedly the assessed is the legal owner of most of these funds in the sense that they stand in his name and the interest and dividends are paid to him direct. Admittedly as regards the rest the apparent legal owners are his nominees and he receives the interest and dividends. Admittedly he has retained all the above interest and dividends and applied the same to his own use. Facts: The Facts stated are such that it appears that in the year 1921 the assessed formed four private companies which can be known as family companies for convenience of reference, although in fact no other member of his family took any direct benefit there under. The names of these four companies were Petit Limited: The Bombay Investment Company Limited: The Miscellaneous Investment Company: and the Safe Securities Limited: Each of these companies took over a particular block of investments belonging to the assessed. But, as the modus operandi was......

Words: 1817 - Pages: 8