Bare Act Search Results

Finance Act 1978 Chapter III

Title: Direct Taxes

State: Central

Year: 1978

.....unadjusted capital gain.". Section 13 - Amendment of Section 54E In section 54E [as directed to be inserted by section 13 of the Finance (No. 2) Act, 1977 (29 of 1977)] of the Income-tax Act, - (a) in sub-section (1), (i) in Explanation 1, - (1) in the opening portion, after the words "For the purposes of this sub-section", the words, brackets and figure "and sub-section (3)" shall be inserted; (2) in clause (v), the words, figures and letters ", where the investment in such shares is made before the 1st day of March, 1978" shall be inserted at the end; (3) after clause (v), the following clause shall be inserted, namely :- "(va) equity shares forming part of any eligible issue of capital where the investment in such shares is made after the 28th day of February, 1978;"; (ii) Explanation 2 shall be renumbered as Explanation 4 and before the Explanation as so renumbered, the following Explanations shall be inserted, namely :- Explanation 2 : "Eligible issue of capital" shall have the meaning assigned to it in sub-section (3) of section 80CC. Explanation 3 : An assessee shall not be deemed to have invested the full value of the consideration or any part.....

Finance Act 1978 Section 13

Title: Amendment of Section 54e

State: Central

Year: 1978

.....the following Explanations shall be inserted, namely :- Explanation 2 : "Eligible issue of capital" shall have the meaning assigned to it in sub-section (3) of section 80CC. Explanation 3 : An assessee shall not be deemed to have invested the full value of the consideration or any part thereof in any equity shares referred to in clause (va) of Explanation 1, unless the assessee has subscribed to or purchased the shares in the manner specified in sub-section (4) of section 80CC.; (b) after sub-section (1), the following sub-section shall be inserted, namely :- "(1A) Where the assessee deposits after 27th day of April; 1978, the full value of the consideration or any part thereof received or accruing as a result of the transfer of the original asset in any new asset, being a deposit referred to in clause (vi) of Explanation 1 below sub-section (1), the cost of such new asset shall not be taken into account for the purposes of that sub-section unless the following conditions are fulfilled, namely :- (a) the assessee furnishes, along with the deposit, a declaration in writing, to the bank or the co-operative society referred to in the said clause (vi) with which such.....

Delhi Police Act, 1978 Complete Act

State: Delhi

Year: 1978

.....Act, 1955, or under section 12 of that Act in so far as it relates to satta gambling or on two or more occasions under any other provisions of that Act (including section 12 of that Act in so far as it does not relate to satta gambling); or (c) of any offence under the Suppression of Immoral Traffic in Women and Girls Act, 1956; or (d) of any offence under section 25, section 26, section 27, section 28 or section 29 of the Arms Act, 1959; or (e) of any offence under section 135 of the Customs Act, 1962; or (f) of any offence under section 61, section 63 or section 66, of the Punjab Excise Act, 1955, as in Delhi; or (g) on two or more occasions of an offence under (i) the Opium Act, 1878; or (ii) the Dangerous Drugs Act, 1930; or (iii) the Drugs and Cosmetics Act, 1940; or (iv) section 11 of the Bombay Prevention of Begging Act, 1959, as in force in Delhi; or (h) on three or more occasions of an offence under section 105 or section 107 of this Act, the Commissioner of Police may, if he has reason to believe that such person is likely again to engage himself in the commission of any of the offences referred to in this section, by order in writing, direct such.....

The Punjab Exservicemen Corporation Act, 1978 Complete Act

State: Punjab

Year: 1978

.....or industrial produce whether in the primary form in semi-processed or processed form; (j) "prescribed" means prescribed by rules made under this Act; (k) "processing" means all activities relating to the processing of agricultural produce so as to make it marketable or fit for consumption and includes purchase and storage of raw material, purchase of equipment, and purchase, installation and running of machinery, required for processing and storage of finished produce; (l) "small-scale industry" means a cottage and small-scale industry and includes industry engaged in fabrication, repairs and maintenance of agricultural machinery and equipment, in which capital investment does not exceed five lacs of rupees; and (m) "supply and storage" means supply and storage of agricultural inputs and establishment, maintenance and running of storage, cold storages and warehouses. Section 3 - Establishment of Punjab Ex-Servicemen corporation (1) With effect from such date as the Government may, by notification, appoint, there shall be established for the purpose of this Act a Corporation to be known as the Punjab Ex-Servicemen Corporation. (2) The Corporation shall be a body corporate.....

High Denomination Bank Notes (Demonetisation) Act, 1978 Complete Act

State: Central

Year: 1978

.....Second Schedule to the Reserve Bank of India Act, 1934-; . (h) "State Bank" means the State Bank of India constituted under the State Bank of India Act, 1955-. SECTION 03: HIGH DENOMINATION BANK NOTES TO CEASE TO BE LEGAL TENDER On the expiry of the 16th day of January, 1978, all high denomination bank notes shall, notwithstanding anything contained in section 26 of the Reserve Bank of India Act, 1934-, cease to be legal tender in payment or on account at any place. SECTION 04: PROHIBITION OF TRANSFER AND RECEIPT OF HIGH DENOMINATION BANK NOTES Save as provided by or under this Act, no person shall, after the 16th of January, 1978, transfer to the possession of another person or receive Into his possession from another person any high denomination bank note. SECTION 05: DECLARATION OF HIGH DENOMINATION BANK NOTES BY BANKS AND GOVERNMENT TREASURIES (1) Every bank and Government treasury shall prepare and send to the Reserve Bank in the manner provided in this section a return showing separately under each denominational value the total value of high denomination bank notes of that value held by it at the close of business on the 16th day of January, 1978 and the distinctive.....

High Denomination Bank Notes (Demonetisation) Act, 1978 Section 7

Title: Exchange of High Denomination Bank Notes Held by Other Persons

State: Central

Year: 1978

.....officer thereof; and (f) where the high denomination bank note is owned by any other person, by that person or by some person competent to act on his behalf; and within the time and in the manner provided in this section. (2) Every person desiring to tender for exchange a high denomination bank note under this section shall prepare in the form set out in the Schedule three copies of a declaration signed by him giving in full the particulars required by that form and shall, not later than the 19th day of January, 1978, deliver such copies in person together with the high denomination bank notes he desires to exchange- (a) to either of the offices of the Reserve Bank at Bombay or to the sub-office, office or branch, as the case may be, of that bank at Ahmedabad, Bangalore, Bhubaneshwar, Calcutta, Gauhati, Hyderabad, Jaipur, Kanpur, Madras, Nagpur, New Delhi and Patna; or (b) to the main office or branch of the State Bank at the head-quarters of a district; or (c) to any other office of a public sector bank notified in this behalf by the Reserve Bank: Provided that if such person resides in a place not within convenient reach of any such office or branch, or.....

Delhi Police Act, 1978 Complete Act

State: Central

Year: 1978

.....XVI or Chapter XVII of the Indian Penal Code, 1860 (45 of 1860)-; or (b) of an offence under Section 3-orSection 4 of the Delhi Public Gambling Act, 1955 (Delhi Act 9 of 1955)-, or under Section 12-of that Act in so far as it relates to satta gambling or on two or more occasions under any other provision of that Act (including Section 12-of that Act in so far as it does not relate to satta gambling); or (c) of any offence under the Suppression of Immoral Traffic in Women and Girls Act, 1956 (104 of 1956); or (d) of any offence under Section 25-,Section 26-,Section 27-,Section 28-orSection 29 of the Arms Act, 1959 (54 of 1959)-; or (e) of any offence under Section 135 of the Customs Act, 1962 (52 of 1962)-; or (f) of any offence under Section 61,Section 63orSection 66of the Punjab Excise Act, 1955 (Punjab Act No. 18 of 1955), as in force in Delhi; or (g) on two or more occasions of an offence under- (i)the Opium Act, 1878 (1 of 1878)-; or (ii)the Dangerous Drugs Act, 1930 (2 of 1930); or (iii)the Drugs and Cosmetics Act, 1940 (23 of 1940); or (iv)Section 11 of the Bombay Prevention of Begging Act, 1959 (Bombay Act No. 10 of 1960), as in force in Delhi; or (h) on three or more.....

Finance Act, 1978 Complete Act

State: Central

Year: 1978

.....Be it enacted by Parliament in the Twenty-ninth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act maybe called The Finance Act, 1978. (2) Save as otherwise provided in this Act, sections 2-to33-and section 40 shall be deemed to have come into force on the 1st day of April, 1978. SECTION 02: INCOME-TAX (1) Subject lo the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1978, income-tax shall be charged at the rates specified in part I of the Schedule and shall be increased, - (a) in the cases to which Paragraphs A, B, C and D of that Part apply, by a surcharge for purposes of the Union; and (b) in the cases to which paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein. (2) In the cases to which Sub-Paragraph I or Sub-Paragraph II of Paragraph A of part I of the Schedule applies, where the assessee has in the previous year, any net agricultural income, in addition to total income, and the total income exceeds ten thousand rupees, then, - (a) the net agricultural income shall be taken into account, in the manner provided in.....

Press Council Act, 1978 Chapter II

Title: Establishment of the Press Council

State: Central

Year: 1978

.....and shall observe such rules of procedure in regard to the transaction of business at its meetings as may be provided by regulations made under this Act. Section 10 - Vacancies among members or defect in the constitution not to invalidate acts and proceedings of the Council No act or proceeding of the Council shall be deemed to be invalid by reason merely of the existence of any vacancy in, or any defect in the constitution of, the Council. Section 11 - Staff of the Council (1) Subject to such rules as may be made by the Central Government in this behalf, the Council may appoint a Secretary and such other employees as it may think necessary for the efficient performance of its functions under this act. (2) The terms and conditions of service of the employees shall be such as may be determined by regulations. Section 12 - Authentication of orders and other instruments of the Council All orders and decisions of the Council shall be authenticated by the signature of the Chairman or any other member authorised by the Council in this behalf and other instruments issued by the Council shall be authenticated by the signature of the Secretary or any other officer of the.....

The Meghalaya Transfer of Land (Regulation) (Amendment) Act, 1978 Complete Act

State: Meghalaya

Year: 1978

..... (2) It shall have the like extent as the principal Act. (3) It shall come into force at once. Amendment of Section 2 (e) of the principal Act. Act I of 1972. 2. In the Meghalaya Transfer of Land (Regulation) Act, 1971 (referred to in this Act as the principal Act), in Section 2, in clause (e) for the word "and" occurring between the words "Rabhas" and "Kacharis" a comma "(,)" shall be substituted and between the words ˜Kacharis' and "resident" the words "and Koobes" shall be inserted. Amendment of Section 3 of the principal Act. 3. In the principal Act, in Section 3,- (A) For the full-stop "(.)" at the end of subsection (1) a colon "(;)" shall be substituted ; (B) The following proviso to sub-section (1) shall be inserted, namely:- "Provided that the Government of Meghalaya, if satisfied may, from time, by notification, prohibit such transfer of land within such area or areas as may be specified in the notification and thereupon the competent authority shall not sanction any such transfer of land under the provision of this Act, within such area or areas." (C) after sub-section (1), the following sub-section shall be inserted, namely:- "(2).....