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Start Free TrialThe Arbitration And Conciliation (Amendment) Act, 2015 Complete Act
State: Central
Year: 2015
.....2015 THE ARBITRATION AND CONCILIATION (AMENDMENT) ACT, 2015 NO. 3 OF 2016 [31st December, 2015.] An Act to amend the Arbitration and Conciliation Act, 1996. BE it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows: Short title and commencement. 1. (1) This Act may be called the Arbitration and Conciliation (Amendment) Act, 2015. (2) It shall be deemed to have come into force on the 23rd October, 2015. Amendment of section 2. 2. In the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the principal Act), in section 2, (I) in sub-section (1), (A) for clause (e), the following clause shall be substituted, namely: (e) Court means (i) in the case of an arbitration other than international commercial arbitration, the principal Civil Court of original jurisdiction in a district, and includes the High Court in exercise of its ordinary original civil jurisdiction, having jurisdiction to decide the questions forming the subject-matter of the arbitration if the same had been the subject-matter of a suit, but does not include any Civil Court of a grade inferior to such principal Civil Court, or any Court of Small Causes; (ii) in the.....
List Judgments citing this sectionCompanies (Amendment) Act, 2015 Complete Act
State: Central
Year: 2015
.....be omitted; (ii) in clause (71), in sub-clause (b), the words of five lakh rupees or such higher paid-up capital, shall be omitted. Amendment of section 9. 3. In section 9 of the principal Act, the words and a common seal shall be omitted. Omission of section 11 4. Section 11 of the principal Act, shall be omitted. Amendment of section 12. 5. In section 12 of the principal Act, in sub-section (3), for clause (b), the following clause shall be substituted, namely: (b) have its name engraved in legible characters on its seal, if any; . Amendment of section 22 6. In section 22 of the principal Act, (i) in sub-section (2), (a) for the words under its common seal , the words under its common seal, if any, shall be substituted; (b) the following proviso shall be inserted, namely: Provided that in case a company does not have a common seal, the authorisation under this sub-section shall be made by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary. ; (ii) in sub-section (3), the words and have the effect as if it were made under its common seal shall be omitted. Amendment of section 46 7. In section 46 of the.....
List Judgments citing this sectionThe Repealing And Amending Act, 2015 Complete Act
State: Central
Year: 2015
.....in the Second Schedule are hereby amended to the extent and the manner mentioned in the fourth column thereof. Savings 4. The repeal by this Act of any enactment shall not affect any Act in which such enactment has been applied, incorporated or referred to; and this Act shall not affect the validity, invalidity, effect or consequences of anything already done or suffered, or any right, title, obligation or liability already acquired, accrued or incurred, or any remedy or proceeding in respect thereof, or any release or discharge of or from any debt, penalty, obligation, liability, claim or demand, or any indemnity already granted, or the proof of any past act or thing; nor shall this Act affect any principle or rule of law, or established jurisdiction, form or course of pleading, practice or procedure, or existing usage, custom, privilege, restriction, exemption, office or appointment, notwithstanding that the same respectively may have been in any manner affirmed, recognised or derived by, in or from any enactment hereby repealed; nor shall the repeal by this Act of any enactment provide or restore any jurisdiction, office, custom, liability, right, title, privilege,.....
List Judgments citing this sectionThe Payment And Settlement Systems (Amendment) Act, 2015 Complete Act
State: Central
Year: 2015
.....records or data relating to such derivatives or financial transactions, as may be specified by the Reserve Bank from time to time. . Amendment of section 23 3. In section 23 of the principal Act, (i) in sub-section (1), after the words to a payment system occurring at the end, the words and figure under section 7, or, such gross or netting procedure as may be approved by it under any other provisions of this Act shall be inserted; (ii) for sub-section (4), the following sub-section shall be substituted, namely: (4) Where, by an order of a court, Tribunal or authority (a) a system participant is declared as insolvent or is dissolved or wound up; or (b) a liquidator or receiver or assignee (by whatever name called), whether provisional or otherwise, is appointed in a proceeding relating to insolvency or dissolution or winding up of a system participant, then, notwithstanding anything contained in the Banking Regulation Act,1949 or the Companies Act,1956 or the Companies Act, 2013 or any other law for the time being in force, such order shall not affect any settlement that has become final and irrevocable prior to such order or immediately thereafter, and the right of the.....
List Judgments citing this sectionThe Regional Rural Banks (Amendment) Act, 2015 Complete Act
State: Central
Year: 2015
..... during the first five years of its functioning shall be omitted; (b) the proviso shall be omitted. Amendment of section 5. 3. In the principal Act, in section 5, (a) for the words five crores of rupees divided into five lakhs of fully paid-up shares of one hundred rupees each , the words two thousand crore of rupees, divided into two hundred crore of fully paid-up shares of ten rupees each shall be substituted; (b) in the proviso, for the words twenty-five lakhs of rupees, and the shares shall be, in all cases, fully paid-up shares of one hundred rupees each , the words one crore of rupees, and the shares shall be, in all cases, fully paid-up shares of ten rupees each shall be substituted. Amendment of section 6. 4. In the principal Act, in section 6, (a) in sub-section (1), for the words twenty-five lakhs of rupees or exceed one crore of rupees , the words one crore of rupees shall be substituted; (b) in sub-section (2), the following provisos shall be inserted, namely: Provided that in case the Regional Rural Bank raises its capital from sources other than the Central Government or the State Government or the Sponsor Bank, the shareholding of the Central.....
List Judgments citing this sectionThe Mines And Minerals (Development And Regulation) Amendment Act, 2015 Complete Act
State: Central
Year: 2015
.....AND REGULATION) AMENDMENT ACT, 2015 NO. 10 OF 2015 [26th March, 2015.] An Act further to amend the Mines and Minerals (Development and Regulation) Act, 1957. Be it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows: Short title and commencement 1. (1) This Act may be called the Mines and Minerals (Development and Regulation) Amendment Act, 2015. (2) It shall be deemed to have come into force on the 12th day of January, 2015. Amendment of section 3. 2. In the Mines and Minerals (Development and Regulation) Act, 1957 (hereinafter referred to as the principal Act), in section 3, (i) after clause (e), the following clause shall be inserted, namely: (ea) notified minerals means any mineral specified in the Fourth Schedule; ; (ii) after clause (g), the following clause shall be inserted, namely: (ga) prospecting licence-cum-mining lease means a two stage concession granted for the purpose of undertaking prospecting operations followed by mining operations; ; (iii) in clause (hb), the word and , occurring at the end, shall be omitted; (iv) after clause (hb), the following clause shall be inserted, namely: (hc) Special Court means a Court.....
List Judgments citing this sectionThe Motor Vehicles (Amendment) Act, 2015 Complete Act
State: Central
Year: 2015
.....powered vehicle of power not exceeding 4000 watts, having three wheels for carrying goods or passengers, as the case may be, for hire or reward, manufactured, constructed or adapted, equipped and maintained in accordance with such specifications, as may be prescribed in this behalf. . Amendment of section 7. 3. In the principal Act, in section 7, in sub-section (1), the following proviso shall be inserted, namely: Provided that nothing contained in this sub-section shall apply to an e-cart or e-rickshaw. . Amendment of section 9 4. In the principal Act, in section 9, after sub-section (9), the following sub-section shall be inserted, namely: (10) Notwithstanding anything contained in this section, the driving licence to drive e-cart or e-rickshaw shall be issued in such manner and subject to such conditions, as may be prescribed. . Amendment of section 27 5. In the principal Act, in section 27, (i) clause (a) shall be renumbered as clause (aa) thereof and before clause (aa) as so renumbered, the following clause shall be inserted, namely: (a) specifications relating to e-cart and e-rickshaw under sub-section (2) of section 2A; ; (ii) after clause (f), the following clause.....
List Judgments citing this sectionThe Public Premises (Eviction Of Unauthorised Occupants) Amendments Act, 2015 Complete Act
State: Central
Year: 2015
.....appoint. Amendment of section 2. 2. In the Public Premises (Eviction of Unauthorised Occupants) Act,1971 (hereinafter referred to as the principal Act), in section 2, in clause (e), in sub-clause (2), (A) in item (i), for the words and figures "the Companies Act, 1956", the words and figures "the Companies Act, 2013" shall be substituted; (B) in item (ii), for the words and figures "the Companies Act, 1956", the words and figures "the Companies Act, 2013" shall be substituted; (C) for item (iii), the following items shall be substituted, namely: (iii) any company as defined in clause (20) of section 2 of the Companies Act, 2013 in which not less than fifty-one per cent. of the paid up capital is held partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary (within the meaning of that Act) of the first-mentioned company and which carries on the business of public transport including metro railway. Explanation. For the purposes of this item, "metro railway" shall have the same meaning as assigned to it in clause (i) of sub-section (1) of section 2 of the Metro Railway (Operation and Maintenance) Act,.....
List Judgments citing this sectionThe Commercial Courts, Commercial Division &Amp; Commercial Appellate Division Of High Courts Act, 2015 Complete Act
State: Central
Year: 2015
.....APPELLATE DIVISION OF HIGH COURTS ACT, 2015 THE COMMERCIAL COURTS, COMMERCIAL DIVISION & COMMERCIAL APPELLATE DIVISION OF HIGH COURTS ACT, 2015 NO. 4 OF 2016 An Act to provide for the constitution of Commercial Courts, Commercial Division and Commercial Appellate Division in the High Courts for adjudicating commercial disputes of specified value and matters connected therewith or incidental thereto. Be it enacted by Parliament in the Sixty-sixth Year of the Republic of India as follows: CHAPTER I PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015. (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 23rd day of October, 2015. Definitions. 2. (1) In this Act, unless the context otherwise requires, (a) Commercial Appellate Division means the Commercial Appellate Division in a High Court constituted under sub-section (1) of section 5; (b) Commercial Court means the Commercial Court constituted under sub-section (1) of section 3; (c) commercial dispute .....
List Judgments citing this sectionThe Mines And Minerals (Development And Regulation) Amendment Ordinance, 2015 Complete Act
State: Central
Year: 2015
.....Amendment Ordinance, 2015. (2) It shall come into force at once. 2. Amendment of section 3. In the Mines and Minerals (Development and Regulation) Act, 1957 (hereinafter referred to as the principal Act), in section 3, - (i) after clause (e), the following clause shall be inserted, namely:- (ea) notified minerals means any mineral specified in the Fourth Schedule, ; (ii) after clause (g), the following clause shall be inserted, namely:- (ga) prospecting licence-cum-mining lease means a two stage concession granted for the purpose of undertaking prospecting operations followed by mining operations; ; (iii) in clause (hb), the word and occurring at the end shall be omitted; (iv) after clause (hb), the following clause shall be inserted, namely:- (hc) Special Court means a Court of Session designated as Special Court under sub-section (1) of section 30B; and . 3. Amendment of section 4 In section 4 of the principal Act, in the second proviso to sub-section (1), for the words and figures section 617 of the Companies Act, 1956 , the words, brackets and figures clause (45) of section 2 of the Companies Act, 2013, and any such entry that may be notified for this purpose.....
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