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Start Free TrialInterest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 Complete Act
State: Central
Year: 1993
.....Small Industries Development Corporation of a State or a Union territory, by whatever name called, being a company registered under the Companies Act, 1956 (I of 1956) ] SECTION 03: LIABILITY OF BUYER TO MAKE PAYMENT Where any supplier supplies any goods or renders any services to any buyer, the buyer shall make payment therefor on or before the date agreed upon between him and the supplier in writing or, where there is no agreement in this behalf, before the appointed day.2["Provided that in no case the period agreed upon between the supplier and the buyer in writing shall exceed one hundred and twenty days from the day of acceptance or the day of deemed acceptance."] SECTION 04: DATE FROM WHICH AND RATE AT WHICH INTEREST IS PAYABLE 3Where any buyer fails to make payment of the amount to the supplier, as required under Section 3, the buyer shall, notwithstanding anything contained in any agreement between the buyer and the supplier or in any law for the time being in force, be liable to pay interest to the supplier on that amount from the appointed day or, as the case may be, from the date immediately following the date agreed upon, at one-and-a-half time of Prime Lending.....
List Judgments citing this sectionInterest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings Act, 1993 Section 2
Title: Definitions
State: Central
Year: 1993
..... In this Act, unless the context otherwise requires,-- (a) "ancillary industrial undertaking" has the meaning assigned to it by clause (aa) of section 3 of the Industries (Development and Regulation) Act, 1951 (65 of 1951); (b) "appointed day" means the day following immediately after the expiry of the period of thirty days from the day of acceptance or the day of deemed acceptance of any goods or any services by a buyer from a supplier; Explanation.--For the purposes of this clause,-- (i) "the day of acceptance" means,-- (a) the day of the actual delivery of goods or the rendering of services; or (b) where any objection is made in writing by the buyer regarding acceptance of goods or services within thirty days from the day of the delivery of goods or the rendering of services, the day on which such objection is removed by the supplier; (ii) "the day of deemed acceptance" means, where no objection is made in writing by the buyer regarding acceptance of goods or services within thirty days from the day of the delivery of goods or the rendering of services, the day of the actual delivery of goods or the rendering of services; (c) "buyer" means whoever buys any.....
View Complete Act List Judgments citing this sectionRecovery of Debts Due to Banks and Financial Institutions Act, 1993 Complete Act
State: Central
Year: 1993
RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL INSTITUTIONS ACT, 1993 51 of 1993 An Act to provide for the establishment of Tribunals for expeditious, adjudication and recovery of debts due to banks and financial institutions and for matters connected therewith or incidental thereto. BE it enacted by Parliament in the Forty-fourth Year of the Republic of India as follows :- CHAPTER 01: PRELIMINARY SECTION 01: SHORT TITLE, EXTENT, COMMENCEMENT AND APPLICATION (1) This Act may be called the Recovery of Debts Due to Banks and Financial Institutions Act, 1993. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall be deemed to have come into force on the 24th day of June, 1993. (4) The provisions of this Act shall not apply where the amount of debt due to any bank or financial institution or to a consortium of banks or financial institutions is less than ten lakh rupees or such other amount, being not less than one lakh rupees, as the Central Government may, by notification, specify. SECTION 02: DEFINITIONS In this Act, unless the context otherwise requires,- (a).....
List Judgments citing this sectionRecovery of Debts Due to Banks and Financial Institutions Act, 1993 Chapter 4
Title: Procedure of Tribunals
State: Central
Year: 1993
.....1 of 2000, sec. 9, for section 19 (w.r.e.f. 17-1-2000). 2. Inserted by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004 Section 20 - Appeal to the Appellate Tribunal (1) Save as provided in sub-section (2), any person aggrieved by an order made, or deemed to have been made, by a Tribunal under this Act, may prefer an appeal to an Appellate Tribunal having jurisdiction in the matter. (2) No appeal shall lie to the Appellate Tribunal from an order made by a Tribunal with the consent of the parties. (3) Every appeal under sub-section (1) shall be filed within a period of forty-five days from the date on which a copy of the order made, or deemed to have been made, by the Tribunal is received by him and it shall be in such form and be accompanied by such fee as may be prescribed: Provided that the Appellate Tribunal may entertain an appeal after the expiry of the said period of forty-five days if it is satisfied that there was sufficient cause for not filing it with in that period. (4) On receipt of an appeal under sub-section (1), the Appellate Tribunal may, after giving the parties to the appeal, an opportunity of being heard, pass.....
View Complete Act List Judgments citing this sectionRecovery of Debts Due to Banks and Financial Institutions Act, 1993 Section 19
Title: Application to the Tribunal
State: Central
Year: 1993
.....recovered: Provided further that nothing contained in this sub-section relating to fee shall apply to cases transferred to the Tribunal under sub-section (1) of section 31- (4) On receipt of the application under sub-section (1) or sub-section (2), the Tribunal shall issue summons requiring the defendant to show cause within thirty days of the service of summons as to why the relief prayed for should not be granted. (5) The defendant shall, at or before the first hearing or within such lime as the Tribunal may permit, present a written statement of his defence. (6) Where the defendant claims to set-off against the applicant's demand and ascertained sum of money legally recoverable by him from such applicant, the defendant may, at the firs! hearing of the application, but not afterwards unless permitted by the Tribunal, present a written statement containing the particulars of the debt sought to be set-off. (7) The written statement shall have the same effect as a plaint in a cross-suit so as to enable the Tribunal to pass a final order in respect both of the original claim and of the set-off. (8) A defendant in an application may, in addition to his right of pleading.....
View Complete Act List Judgments citing this sectionWest Bengal Municipal Act, 1993 Complete Act
State: West Bengal
Year: 1993
.....epidemic, endemic, or infectious disease which the State Government may, by notification, declare to be a dangerous disease for the purposes of this Act; 44. Clause (15A) ins, by W.B. Act 45 of 1994. (15A) "District Magistrate" means the District Magistrate referred to in sub-section (1) of S.20 of the Code of Criminal Procedure, 1973; 55. Clauses (15B) and (15C) ins. by W.B. Act 32 of 1997. (15B) "District Planning Committee" means the District Planning Committee constituted under sub-section (1) of S.3 of the West Bengal District Planning Committee Act, 1994, and includes the Siliguri Sub-Division Planning Committee; 55. Clauses (15B) and (15C) ins. by W.B. Act 32 of 1997. (15C) "Draft Development Plan" means the Draft Development Plan prepared under section 297; (16) "drain" includes a sewer, a house-drain, a drain of any other description, a tunnel, a culvert, a ditch, a channel and any other device for carrying of sullage, sewage, offensive matter, polluted water, rain-water or subsoil water; (17) "drug" means any substance used as medicine or in the composition or preparation of medicines, whether for internal or external use, but does not include a drug within the.....
List Judgments citing this sectionKarnataka Panchayat Raj Act, 1993 Chapter XVIII
Title: Miscellaneous
State: Karnataka
Year: 1993
.....or Zilla Panchayat shall be deemed to be a public servant within the meaning of section 21 of the Indian Penal Code and the Prevention of Corruption Act, 1988 (Central Act 49 of 1988) for the time being in force. Section 287 - Fines to be credited to the Panchayat Fund All fines imposed by a Magistrate for any offence under this Act, or under any rule, regulations or bye-law made thereunder in any prosecution instituted by or on behalf of a Grama Panchayat, Taluk Panchayat or Zilla Panchayat shall be credited to its fund. Section 288 - Damage to any property of Panchayats and how made good If through any act, neglect or default on account of which any person shall have incurred penalty imposed by or under this Act and any damage to the property of any Grama Panchayat, Taluk Panchayat or Zilla Panchayat shall have been caused by such person, he shall be liable to make good such damage as well as to pay such penalty and the value of the damage shall in case of dispute be determined by the Magistrate. The person incurring such penalty be convicted, and non-payment of such value on demand the same shall be levied by distress, and the Magistrate shall issue a warrant.....
View Complete Act List Judgments citing this sectionThe Kerala Industrial Infrastructure Development Act, 1993 [1] Complete Act
State: Kerala
Year: 1993
THE KERALA INDUSTRIAL INFRASTRUCTURE DEVELOPMENT ACT, 1993 [1] THE KERALA INDUSTRIAL INFRASTRUCTURE DEVELOPMENT ACT, 1993 [1] (ACT 3 OF 1993) An Act to provide for the establishment of Industrial areas and for the organisation of Industrial Growth Centres in the State of Kerala and for setting up infrastructure facilities for industries and for that purpose to constitute an Industrial Infrastructure Development Corporation and for matters connected therewith. Preamble.-WHEREAS it is expedient to provide for the establishment of Industrial areas and for the organisation of Industrial Growth Centres in the State of Kerala and for setting up infrastructure facilities for industries and for that purpose to constitute an Industrial Infrastructure Development corporation and for matters connected therewith Be it enacted in the Forty-fourth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY 1. Short title and commencement.-(1) This Act may be called the Kerala Industrial Infrastructure Development Act, 1993. (2) It shall be deemed to have come into force on the 1st day of November, 1992. 2. Definitions.- In this Act, unless the context.....
List Judgments citing this sectionThe Sikkim Agricultural Produce Market Act, 1993 Complete Act
State: Sikkim
Year: 1993
.....the assent of the Governor on 30th day of March, 1993 is hereby published for general information : THE SIKKIM AGRICULTURAL PRODUCE MARKET ACT, 1993 (Act. NO. I OF 1993) An Act to provide for better regu1ation of marketing of agricultural produce and the establishment and proper administration of markets for agriculture produce and for matters connected therewith and incidental thereto. Be it enacted by the Legislative Assembly of Sikkirn in the Forty-fourth Year of the Republic of India as follows : CHAPTER I PRELIMINARY (1) This Act may be called the Sikkim Agriculture Produce Market Act. 1993. It extends to the whole of the State of Sikkim. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette. appoint and different dates may be appointed for different areas. In this Act, unless the context otherwise requires. (a) "agriculturist':" means a person who ordinarily by himself or by his tenant or hired labour or otherwise is engaged in the production of agricultural produce but does not include a dealer or broker in agricultural produce (b) .'agricultural produce" includes all produce, .whether.....
List Judgments citing this sectionBengal Natural History (Acquisition of the Natural History Society Museum) Act, 1993 Complete Act
State: West Bengal
Year: 1993
.....Government or any officer or other person authorised by that Government for anything which is in good faith done or intended to be done under this Act. Section 9 Act to have overriding effect The provisions of this Act shall have effect notwithstanding anything inconsistent therewith contained in any other law for the time being in force or in any instrument having effect by virtue of any law other than this Act, or in any judgement, decree or order of any court, tribunal or other authority. Section 10 Power to make rules (1) The State Government may, by notification, make rules for carrying out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, such rules may provide for all or any of the matters which may be, or are required to be, prescribed by rules under this Act. Section 11 Power to remove difficulties If any difficulty arises in giving effect to the provisions of this Act, the State Government may, by order, not inconsistent with the provisions of this Act, remove the difficulty: Provided that no such order shall be made after the expiry of a period of two years from the appointed day. West Bengal.....
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