THE INDIAN RAILWAY COMPANIES ACT, 1895 [Act, No. 10 of 1895] [AS ON 1958] [7th March, 1895] PREAMBLE An Act to provide for the payment by Railway Companies registered under the Indian Companies Act, 1882, of interest out of capital during construction. WHEREAS it is expedient to provide for the payment by Railway Companies registered under the {This Act has been rep. by the Indian Companies Act, 1913 (7 of 1913), which has also been rep.by the Companies Act, 1956 (1 of 1956).} Indian Companies Act, 1882, of interest out of capital during construction; It is hereby enacted as follows:
View Complete Act List Judgments citing this section(1) This Act may be called the Indian Railway Companies Act, 1895. (2) It extends to the whole of India except [Subs. by the Adaptation of Laws (No.2) Order, 1956, for "Part B States".] [the territories which, immediately before the 1st November, 1956, were comprised in Part B States]. [The word "and" at the end of sub-section (2) and sub-section (3) rep. by Act 10 of 1914, section. 3 and Schedule. II.] [The word "and" at the end of sub-section (2) and sub-section (3) rep. by Act 10 of 1914, section.3 and Schedule. II.]
View Complete Act List Judgments citing this sectionIn this Act, unless there is something repugnant in the subject or context .- (1) "railway" means a railway as defined in section 3, clause (4), of the Indian Railways Act, 1890: (2) "the railway" means the railway in relation to the construction of which interest out of capital is permitted to be paid as hereinafter provided: and (3) "Railway Company" means a Company registered under the {See now the companies Act, 1956 (1 of 1956).} Indian Companies Act, 1882, and formed for the purpose of Marking and working, or making or working, a railway in India, whether alone or in conjunction with other purposes.
View Complete Act List Judgments citing this sectionA railway in course of construction and intended to be made or worked by a Railway Company in addition to or by way of extention of any railway owned or worked by such Company shall be deemed to be the railway of such Company for the purposes of this Act, and all the provisions of the last preceding section shall apply to such railway and to the share capital issued for the purpose of its construction.
View Complete Act List Judgments citing this sectionWhen a Railway Company has power to pay interest under is this Act, notice to that effect shall be given in every prospectus, advertisement or other document inviting subscriptions for shares therein, and in every certificate of such shares.
View Complete Act List Judgments citing this sectionWhen any interest has been paid by a Railway Company under this Act, the annual or other accounts of such company shall show the amount on which, and the rate at which, interest has been so paid.
View Complete Act List Judgments citing this sectionIf by any memorandum of association, articles of association or other document any power of borrowing money is conferred on a Railway Company, or on its Directors, with or without the sanction of any meeting, and if such power of borrowing is limited to an amount bearing any proportion to the capital of such Company, the amount of capital applied or to be applied in payment of interest under this Act shall, for the purpose of ascertaining the extent of such power of borrowing, be deducted from the capital of such Company.
View Complete Act List Judgments citing this sectionTHE GOVERNMENT GRANTS ACT, 1895 [Act, No. 15 of 1895] [AS ON 1959] [10th October, 1895] PREAMBLE An Act to explain the Transfer of Property Act, 1882, SO far a relates to grants from the {" Subs.by the A.O.1950 for " Crown ".}[Government], and to remove certain doubts as to the powers of the {" Subs.by the A.O.1950 for " Crown ".}[Government] in relation to such grants. WHEREAS doubts have arisen as to the extent and operation of the Transfer of Property Act, 1882, and as to the power of the {" Subs.by the A.O.1950 for " Crown ".}[Government] to impose limitations and restrictions upon grants and other transfers of land made by it or under its authority, and it is expedient to remove such doubts; It is hereby enacted as follows,
View Complete Act List Judgments citing this section(1) This Act may be called the {" Subs.by the A.O.1950 for "Crown ".}[Government] Grants Act 1895. (2) It extends to the whole of India except {Subs, by the Adaptation of Laws (No.2) Order, 1956 for " Part B States".}[the territories which immediately before the 1st November, 1956, were comprised in Par B States] { The word " and " at the end of sub-section (2).and sub-section (3).rep.by, Act 10 of 1914, s.3 and Sch.II.}.
View Complete Act List Judgments citing this sectionNothing in the Transfer of Property Act, 1882, contained shall apply or be deemed ever to have applied to any grant or other transfer of land or of any interest therein heretofore made or hereafter to be made { Subs, by the A.O.1937 for " by or on behalf of Her Majesty the Queen Empress, Her heirs or successors, or by or on behalf of the Secretary of State for India in Council."}[by or on behalf of the Government] to, or in favour of, an person whomsoever; but every such grant and transfer shall be construed and take effect as if the said Act had not been passed.
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