What does US Code 355 mean?
No person shall introduce or deliver for introduction into interstate commerce any new drug, unless an approval of an application filed pursuant to subsection (b) or (j) is effective with respect to such drug.
Which of the following article puts the duty of protecting every state against external aggression and internal disturbance on the union?
Article 355
Article 355 States about the Duty of the union to protect states against external aggression and internal disturbances.
What is a 355 distribution?
Section 355(a)(1) provides that, if certain requirements are met, a corporation may distribute stock and securities of a controlled corporation to its shareholders and security holders without recognition of gain or loss (nonrecognition treatment) or income to the recipient shareholders or security holders.
What does Article 365 say?
1.6 Article 365 which occurs in Part XIX – Miscellaneous – provides that “where any State has failed to comply with, or to give effect to, any directions given in the exercise of the executive power of the Union under any of the provisions of this Constitution, it shall be lawful for the President to hold that a …
What is Article 352 of the Constitution?
declaring that the security of India or any part of the territory thereof is threatened by war or by external aggression or by armed rebellion may be made before the actual occurrence of war or of any such aggression or rebellion, if the President is satisfied that there is imminent danger thereof.]
Which of the Fundamental Rights Cannot be suspended even during an emergency under Article 352 of the Constitution?
During a national emergency, many Fundamental Rights of Indian citizens can be suspended. The six freedoms under Right to Freedom are automatically suspended. By contrast, the Right to Life and Personal Liberty cannot be suspended according to the original Constitution.
What is the power of the President to exercise Article 356 of the Constitution?
Sawant J.) “(1) Article 356 of the Constitution confers a power upon the President to be exercised only where he is satisfied that a situation has arisen where the government of a State cannot be carried on in accordance with the provisions of the Constitution.
Does section 355 apply to partnerships?
The fact that a partnership engages in activities that would constitute the active conduct of a trade or business if conducted by a corporation does not necessarily mean that each partner in the partnership is considered to be engaged in the active conduct of a trade or business for purposes of § 355(b).
Can an S corp merge with another S corp?
In general, corporations aren’t allowed to be shareholders. The only exception that allows an S corp to own another S corp is when one is a qualified subchapter S subsidiary, also known as a QSSS. In order to be considered a QSSS, all of the shares of the owned S corp have to be owned by one S corp.
Is a spin-off taxable?
A spinoff is taxed when the company outright sells the subsidiary. This can include the company being bought by another company or when the company is sold via an initial public offering (IPO).
Is Article 352 subjected to judicial review?
Union of India. All the judges agreed that a Proclamation issued under Art. 352 is not completely beyond Judicial Review and mala fides provide a ground for Judicial Interference.
What is Article 335 A?
Article 335 “The claims of the members of the Scheduled Castes and the Scheduled Tribes shall be taken into consideration, consistently with the maintenane of efficiency of administration, in the making of appointments to services and posts in connection with • the affairs of the Union or of a State.”