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Home Bare Acts Phrase: bankruptcy Page 1 of about 25 results ( seconds)Presidency Towns Insolvency Act, 1909 Complete Act
State: Central
Year: 1909
....."If this Bill be passed into law it will be necessary to repeal the 1848 Act, and this raise a question which deserves consideration. The present Act is an Act of the imperial Parliament and a vesting order made under it vests in the assignee by direct operation all the real and personal estate and effects of the insolvent in whatever part of the King's dominions they may be situate or accrue; and a discharge under the Act has effect in every part of those dominions. The Act is one of those which it is within the competency of the Legislative Council of the Governor-General to repeal, but if it be repealed and an Indian Act be substituted, it follows that these advantages must at least for the most part be abandoned, since an Act of the Indian Legislature cannot operate for this purpose outside the limits of India. In 1886 it was proposed that an Act of the Imperial Parliament should be obtained to give this authority to insolvency proceedings in India, but no such Act has as yet been passed. It is believed, however, that the advantages conferred by the Act of 1848 are of no real value, since experience has shown that in practically every case in which there are assets in both.....
List Judgments citing this sectionCompanies Act, 1913 Complete Act
State: Central
Year: 1913
.....its ordinary original civil jurisdiction; (7) "existing company "means a company formed and registered under the (Companies Act, 1866), or under any Act or Acts repealed thereby, or under (Companies Act, 1882): (8) " Insurance company " means a company that carries on the business of insurance either solely or in common with any other business or businesses: (9) "manager " means a person who, subject to the control and direction of the directors has the management of the whole affairs of a company, and includes a director or any other person occupying the position of a manager by whatever name called and whether under a contract of service or not: (9A) " managing agent " means a person, firm or company entitled to the management of the whole affairs of a company by virtue of an agreement with the company, and under the control and direction of the directors except to the extent, if any, otherwise provided for in the agreement and includes any person, firm or company occupying such position by whatever name called : Explanation.-If a person occupying the position of a managing agent calls himself a manager he shall nevertheless be regarded as managing agent and not as manager for.....
List Judgments citing this sectionPresidency-towns Insolvency Act, 1909 Part XII
Title: Supplemental
State: Central
Year: 1909
.....(Madras Amendment) Act, 1943 (Mad.5 of 1943), s.16} Section 126 - Courts to be auxiliary to each other All Courts having jurisdiction under this Act shall make such orders and do such things as may be necessary to give effect to section 118 of the Bankruptcy Act, 1883, and to section 50 of the Provincial Insolvency Act, 1907.{See now the Provincial Insolvency Act, 1920 (5 of 1920)}. Section 127 - Saving {Sub-section (1) and the words "Notwithstanding the repeal effectedby this Act," in sub-section (2) rep.by Act 10 of 1914, s.3 and Sch.II} (2) {Sub-section (1) and the words "Notwithstanding the repealeffected by this Act," in sub-section (2) rep.by Act 10 of 1914, s.3 andSch.II} The proceedings under an insolvency petition under the IndianInsolvency Act, 1848, pending at the commencement of this Act shall, except sofar as any provision of this Act is expressly applied to pending proceedings,continue, and all the provisions of the said Indian Insolvency Act shall, exceptas aforesaid, apply thereto, as if this Act had not been passed.
View Complete Act List Judgments citing this sectionPresidency-towns Insolvency Act, 1909 Section 117
Title: Swearing of Affidavits
State: Central
Year: 1909
Any affidavit may be used in a Court having jurisdiction under this Act if it is sworn (a) in {Subs.by the A.O.1948} [the States {The words "of India" omitted by the A.O.1950}], before (i) any Court or Magistrate, or (ii) any officer or other person appointed to administer oaths under the Code of Civil Procedure, 1908; (5 of 1908) (b) in England, before any person authorized to administer oaths in His Majesty's High Court of Justice, or in the Court of Chancery of the County Palatine of Lancaster, or before any Registrar of a Bankruptcy Court, or before any officer of a Bankruptcy Court authorized in writing in that behalf by the Judge of the Court or before a Justice of the peace for the county or place where it is sworn; (c) in Scotland or in Ireland, before a Judge Ordinary, Magistrate or Justice of the Peace; and (d) in any other place, before a Magistrate or Justice of the Peace or other person qualified to administer oaths in that place (he being certified to be a Magistrate or Justice of the Peace, or qualified as aforesaid, by {Subs.by the A.O.1950 for "a British Minister or British Consul or British Political Agent} [an Indian Consul or Political Agent] or.....
View Complete Act List Judgments citing this sectionBills of Exchange Act, 1882 Complete Act
State: Central
Year: 1882
.....operates as notice that the agent has but a limited authority to sign, and the principal is only bound by such signature the agent in so signing was acting within the actual limit of his authority. SECTION 26: PERSON SIGNING AS AGENT OR IN REPRESENTATIVE CAPACITY (1) Where a person signs a bill as drawer, endorser or acceptor, and adds words to his signature, indicating that he signs for or on behalf of a principal, or in a representative character, he is not personally liable thereon ; but the mere addition to his signature of words describing him as an agent, or as filling a representative character, does not exempt him from personal liability. (2) In determining whether a signature on a bill is that of the principal or that of the agent by whose hand it is written, the construction most favourable to the validity of the instrument shall be adopted. SECTION 27: VALUE DEFINED (1) Valuable consideration for a bill may be constituted by- (a) any consideration sufficient to support a simple contract ; (b) an antecedent debt or liability. Such a debt or liability is deemed valuable consideration whether the bill is payable on demand or at a future time. (2) Where value.....
List Judgments citing this sectionSecurities Contracts (Regulation) Rules, 1957 Complete Act
State: Central
Year: 1957
.....RULES, 1957 SECURITIES CONTRACTS (REGULATION) RULES, 1957 576 In exercise of the powers conferred by section 30 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), the Central Government hereby makes the following rules, tile same having been previously published as required by sub-section (3) of the said section, namely :- RULE 01: SHORT TITLE These rules may be called the Securities Contracts (Regulation) Rules, 1957. RULE 02: DEFINITIONS In these rules, unless the context otherwise requires,- (a) "form" means a form appended to these rules; (b) "the Act" means the Securities Contracts (Regulation) Act, 1956 (42 of 1956); (c) "Government company" means a company in which not less than fifty-one percent of the share capital is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments. RULE 03: APPLICATION FOR RECOGNITION An application under Section 3-of the Act for recognition of a stock exchange shall be made to the1[Securities and Exchange Board of India] in Form A. RULE 04: FEES FOR APPLICATION (1) There shall be paid in respect of.....
List Judgments citing this sectionAgricultural Income-tax Act, 1957 Chapter 6
Title: Refunds
State: Karnataka
Year: 1957
.....determined to be due as a result of the appeal or further proceedings for the period commencing after the expiry of six months from the date of the order referred to in sub-section (1) to the date the refund is granted.] ________________________ 1. Inserted by Act 29 of 1963 w.e.f. 31.10.1963. 2. Substituted by Act 5 of 1993 w.e.f. 9.11.1992. 3. Substituted by Act 7 of 1997 w.e.f. 1.4.1997. Section 46 - Refunds admissible under the Rules Refunds shall also be admissible under this Act in such cases, and to such extent as may be prescribed. Section 47 - Power to set off amount of refund against tax remaining payable Where under any of the provisions of this Act, refund is found to be due to any person, the1 [Assistant Commissioner of Agricultural Income-Tax], the 2 [1 [JointCommissioner], the 2 [Additional Commissioner]] or the Commissioner, as the case may be, may, in lieu of payment of the refund, set off the amount to be refunded, or any part of that amount against the agricultural income-tax, if any, remaining payable by the person to whom the refund is due. ________________________ 1. Substituted by Act 5 of 1993 w.e.f. 9.11.1992. 2. Inserted by Act 14.....
View Complete Act List Judgments citing this sectionThe Maharashtra Agricultural Income Tax Act, 1962 Complete Act
State: Maharashtra
Year: 1962
THE MAHARASHTRA AGRICULTURAL INCOME TAX ACT, 1962 THE MAHARASHTRA AGRICULTURAL INCOME TAX ACT, 1962 Maharashtra Act No. XLI of 1962 [15th December 1962] An Act to provide for the imposition of a tax on agricultural income derived from land situated in the State of Maharashtra WHEREAS, it is expedient to provide for the imposition of a tax on agricultural income derived from land situated in the State of Maharashtra; It is hereby enacted in the Thirteenth Year of the Republic of India as follows: CHAPTER I- PRELIMINARY SECTION 01: SHORT TITLE EXTENT AND COMMENCEMENT (1) This Act may be called the Maharashtra Agricultural Income-tax Act 1962. (2) It extends to the whole of the State of Maharashtra. (3) It shall be deemed to have come into force on the Ist day of April 1962. SECTION 02: DEFINITIONS In this Act, unless the context requires otherwise,- (1) "agriculture income" means, (a) any rent or revenue derived from land which is used for agricultural purposes and is either assessed to land revenue in the State or is subject to a local rate assessed and collected by the officers of the Government as such (b) any income derived from such land by (i) agriculture, or (b).....
List Judgments citing this sectionBombay Gas Companies Act, 1863 Complete Act
State: Maharashtra
Year: 1863
.....any town or place not within the jurisdiction of9[The High Court of Judicature at Bombay] in the same manner as damages are recoverable under this Act. SECTION 08: POWER TO ENTER BUILDINGS FOR ASCERTAINING QUANTITY OF GAS CONSUMED The clerk, engineer or other officer duly appointed for the purpose by the said Company may at all reasonable times enter any buildings, or place, lighted with gas supplied by the said Company, in order to inspect the meters, fittings and works for regulating the supply of gas, and for purpose of ascertaining the quantity of gas consumed or supplied ;and if any person hinder such officer as aforesaid from entering and making such inspection as aforesaid, at any reasonable time, he shall, for every such offence, forfeit to the said Company a sum not exceeding fifty rupees. SECTION 09: [RECOVERY OF RENTS DUE FOR GAS.] Rep. by Bom. 13 of 1950, s. 8. SECTION 10: [POWER TO REMOVE PIPES WHEN SUPPLY OF GAS DISCONTINUED.] Repealed by Bom. 13 of 1950, s. 8. SECTION 11: METERS, ETC., NOT LIABLE TO DISTRANT FOR RENT Any pipe, meter, fitting or other work let for hire by the said Company shall not be subject to distress for rent or revenue, or any rate or tax.....
List Judgments citing this sectionSubsidiary Banks General Regulations, 1959 Complete Act
State: Central
Year: 1959
.....of the requisition. REGULATION 19: BUSINESS AT GENERAL MEETINGS (1) No business other than that specified in sub-section (2) of section 44-of the Act shall be transacted or discussed at the annual general meeting, except with the consent of the chairman or other person presiding at the meeting, unless not les than six week's notice of the same has been given to the chairman or the4[managing director] of the subsidiary bank either by the State Bank or by at least ten other share holders qualified to vote at the meeting. Such notice shall take the form of a definite resolution to be put to the meeting, and shall be included in the notice of the meeting. (2) Except with the consent of the chairman or other person presiding at the meeting, no business shall be transacted or discussed at any special general meeting, except the business for which the meeting has been specifically convened. REGULATION 20 QUORUM AT GENERAL MEETINGS No business shall be transacted at any meeting of the shareholders whether it is the annual general meeting or any special general meeting, unless a quorum of at least five shareholders consisting of the State Bank represented by a proxy or by a duly.....
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