https://www.taxtmi.com/caselaws?id=185618 The statutory scheme governing a kuri requires the vaimpu to set out the mode and proportion of distribution of auction discount, and it limits the foreman's remuneration to the commission or allowance fixed thereunder. Where the vaimpu expressly provided that auction discount would be shared among subscribers in proportion to their ticket share, and that discount forfeited by defaulting prized or auctioned subscribers would on termination go to regular subscribers, the forfeited amount had to be so distributed. The foreman could not retain any part of that amount beyond the commission authorised by the vaimpu. en-us Fri, 01 Mar 1996 00:00:00 +0530 Mon, 22 Aug 2016 11:33:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185618 The statutory scheme governing a kuri requires the vaimpu to set out the mode and proportion of distribution of auction discount, and it limits the foreman's remuneration to the commission or allowance fixed thereunder. Where the vaimpu expressly provided that auction discount would be shared among subscribers in proportion to their ticket share, and that discount forfeited by defaulting prized or auctioned subscribers would on termination go to regular subscribers, the forfeited amount had to be so distributed. The foreman could not retain any part of that amount beyond the commission authorised by the vaimpu. Case-Laws Indian Laws Fri, 01 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185618