Bare Act Search Results

High Court Judges (Salaries and Conditions of Service) Act, 1954 Section 5

Title: Aggregate Amount of Leave Which May Be Granted

State: Central

Year: 1954

(1) The aggregate amount of leave which may be granted to a Judge during the whole period of his service as such shall not exceed in terms of leave on half allowances three years together with the aggregate of the periods, if any, credited to his leave account under sub-section (2)(a)(ii) of section 4 as compensation for vacation not enjoyed. (2) The aggregate amount of leave on full allowances which may be granted to a Judge during the whole period of his service as such shall not exceed one-twenty-fourth of the period sent by him on actual service together with one-half of the aggregate periods, if any, credited to his leave account under sub-section (2)(a)(ii) of section 4 as compensation for vacation not enjoyed. (3)1[Subject to the provisions of sub-section (2) of section 5 A, the maximum period of leave which may be granted] at one time shall be, in the case of leave on full allowances, five months and in the case of leave with allowances of any kind, sixteen months. _______________________ 1. Substituted for the words "The maximum period of leave which may be granted" by Act 78 of 1971, Section 4 (15-1-1972).

Chit Funds Act, 1982 Section 13

Title: Aggregate Amount of Chits

State: Central

Year: 1982

.....at any time exceed ten times the net-owned funds of the company or the co-operative society, as the case may be. Explanation.-For the purposes of this sub-section, "net-owned funds" shall mean the aggregate of the paid-up capital and free reserves as disclosed in the last audited balance-sheet of the company or co-operative society, as reduced by the amount of accumulated balance of loss, deferred revenue, expenditure and other intangible assets, if any, as disclosed in the said balance-sheet. ______________________ 1. Substituted for the words "twenty five thousand" by The Chit Funds (Amdt.) Act, 2001.w.e.f. 01.10.2001 2. Substituted for the words "one lakh" by The Chit Funds (Amdt.) Act, 2001.w.e.f. 01.10.2001

Supreme Court Judges (Salaries and Conditions of Service) Act, 1958 Section 5

Title: Aggregate Amount of Leave Which May Be Granted

State: Central

Year: 1958

.....sub-section (a) under sub-section (2)(a)(ii) of section 4 as compensation for vacation not enjoyed, and (b) under sub-section (2)(a)(iii) of section 4 as leave granted by him as a Judge of a High Court.] (3) 3 [Subject to the provisions of sub-section (2) of section 5 A, the maximum period of leave which may be granted) at one time shall be in the case of leave on full allowances, five months and in the case of leave with allowances of any kind, sixteen months. ________________________ 1.Inserted, by the Supreme Court Judges (Conditions of Service) Amendment Act, 1971 (77 of 1971), Section 3(w.r.e.f. 17-10-1958). 2. Substituted for the words "credited to his leave account under sub-section (2)(a)(ii) of section 4 its compensation for vacation not enjoyed, "by the Supreme court Judges (Conditions of Service) Amendement Act, 1971 (77 of 1971), Section 3(w.r.e.f. 17-10-1958). 3.Substituted for the words "The maximum period of leave which may be granted" by the Supreme Court Judges (Conditions of Service) Amendment Act, 1971 (77 of 1971), Section 3(w.r.e.f. 17-10-1958).

Estate Duty Act, 1953 [Repealed] Section 34

Title: Aggregation

State: Central

Year: 1953

.....the deceased, all property so passing, excluding.- property exempted from duty under clauses (c) , (d) , (e) , (i) and (j) of sub.- section (1) of section 33. but including.- (i) property on which no estate duty is leviable under section 35, (ii) property exempted from duty under clauses (a) , (b) , (f) , (g) , (h) and (k) of section 33, and (iii) agricultural land situate in any State not specified in the First Schedule, shall be aggregated so as to form one estate and the duty shall be levied at the rate of rates applicable in respect of the principal value thereof : Provided that any property so passing, in which the deceased never had an interest, not being a debt or right or benefit that is treated as property by virtue of the Explanations to clause (15) of section 2, shall not be aggregated with any other property, but shall be an estate by itself and the estate duty shall be leviable at the rate or rates applicable in respect of the principal value thereof. (2) Every estate shall include all income accrued upon the property included therein down to and outstanding at the date of the death of the deceased. (3) Property passing on any death shall not be.....

Indian Securities Act, 1920 Section 19

Title: Procedure on Death of Holder of Securities Not Exceeding an Aggregate Value of Five Thousand Rupees

State: Central

Year: 1920

.....s.6 for "officer"] [authority] , such [ Subs.By Act 28 of 1937 , s.6 for "officer"] [authority] may, after inquiry in the manner provided in the sub sections (2) and (3) of section 13 , determine who is the person entitled to the security or securities or to administer the estate of the deceased , and may- (a) in the case of any such security relating to a loan due for repayment , authorise payment of the amount due thereon to such person ; and (b) in the case of any such security relating to a loan not due for repayment , authorise , in the case of a promissory note, the renewal of such person , or, in the case of stock , the registration of the name of such person in substitution for the name of the deceased; and (2) Upon the payment or renewal of any promissory note in accordance with sub- section (1), the Government shall be discharged from all liability in respect of the note so paid or renewed ; and any substitution of names made in accordance with clause (b) of sub- section (1) shall, for the purposes of any claim against the government , be deemed to have effected a valid transfer of the stock in respect of which it was made. (3) Any creditor or claimant against.....

Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth Year of the Republic of India as follows : CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1) This Act may be called the Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....

Companies Act, 1956 Part 6

Title: Management and Administration

State: Central

Year: 1956

.....Act, 1996, shall be deemed to be an index of members and register and index of debenture-holders, as the case may be, for the purposes of this Act.] ____________________ 1. Inserted by Act 22 of 1996, Section 30 and Schedule (w.r.e.f. 20-9-1995). Section 153 - Trusts not to be entered on register No notice of any trust, express, implied or constructive, shall be entered on the register of members or of debenture-holders1[***] ____________________ 1. The words "or be receivable by the Registrar" omitted by Act 53 of 1963, Section 6 (w.e.f. 1-1-1964). Section 153A - Appointment of public trustee 1[153A. Appointment of public trustee 2[(1)] The Central Government may, by notification in the Official Gazette, appoint a person as public trustee to discharge the functions and to exercise the rights and powers conferred on him by or under this Act.] 3[(2) The provision of this section shall not apply on and after the commencement of the Companies (Amendment) Act, 2000.] ____________________ 1. Inserted by Act 53 of 1963, Section 7 (w.e.f. 1-1-1964). 2. Section 153A renumbered as sub-section (1) thereof by Act 53 of 2000, Section 63 (w.e.f. 13-12-2000)......

Finance Act, 2002 Complete Act

State: Central

Year: 2002

.....Be it enacted by Parliament in the Fifty-third Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT -(1) This Act may be called the Finance Act, 2002. (2) Save as otherwise provided in this Act, Sections 2-to116-shall be deemed to have come into force on the 1st day of April, 2002. SECTION 02: INCOME TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2002, income tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income tax calculated under Chapter VIII-A of the Income Tax Act, 1961(43 of 1961) (hereinafter referred to as the Income Tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds fifty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided.....

Income Tax Act, 1961 Chapter VIA

Title: Deductions to Be Made in Computing Total Income

State: Central

Year: 1961

.....any premium or other payment made on an insurance policy other than a contract for a deferred annuity as is not in excess of twenty per cent of the actual capital sum assured. Explanation : In calculating any such actual capital sum assured, no account shall be taken (i) of the value of any premiums agreed to be returned, or (ii) of any benefit by way of bonus or otherwise over and above the sum actually assured, which is to be or may be received under the policy by any person. (4) The persons referred to in sub-section (2) shall be the following, namely: (a) for the purposes of clauses (i), (v), (x) and (xi) of that sub-section, (i) in the case of an individual, the individual, the wife or husband and any child of such individual, and (ii) in the case of a Hindu undivided family, any member thereof; (b) for the purposes of clause (ii) of that sub-section, in the case of an individual, the individual, the wife or husband and any child of such individual; (c) for the purpose of clause (xvii) of that sub-section, in the case of an individual, any two children of such individual. (5) Where, in any previous year, an assessee (i) terminates his contract of insurance.....