Business - Indian Laws - General

Word business As per section 2(e) of the Limited Liability Partnership Act, 2008 Business includes- every trade, profession, service and occupation except any activity which the Central Government may, by notification, exclude; The word business is defined as: In S troud s Judicial Dictionary , 5th Edition: Business has a more extensive meaning than the word trade . In Words and Phrases, Butterworths, 3rd Edition: Business is a wider term than trade , and not synonymous with it, and means almost anything which is an occupation as distinguished from a pleasure. However, the term must be construed according to its context. Halsbury s Laws (4th edition), para 2]. Business includes a professional practice and includes any activity carried on by a body of persons, whether corporate or unincorporate. [Medicines Act, 1968, section 132(1)]. Business includes a profession and the activities of any Government department (including a Northern Ireland department) or local or public authority. [Sale of Goods Act, 1979, section 61(1)]. Law Lexicon, 1997 Edition: The word business is of large signification, and in its broadest sense includes nearly all the affairs in which either an individual or a corporation can be actors. BR. ENTERPRISES VERSUS STATE OF UP. AND OTHERS - [ 1999 (5) TMI 498 - SUPREME COURT ]