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Finance Act, 1995 Chapter III

Title: Direct Taxes

State: Central

Year: 1995

.....by virtue of holding a capital asset, being a share or any other security, within the meaning of clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956 (hereafter in this clause referred to as the financial asset), the assessee - (A) becomes entitled to subscribe to any additional financial asset; or (B) is allotted any additional financial asset without any payment, then, subject to the provisions of sub-clauses (i) and (ii) of clause (b)"; (ii) after sub-clause (iii), the following sub-clause shall be inserted, namely :- "(iiia) in relation to the financial asset allotted to the assessee without any payment and on the basis of holding of any other financial asset, shall be taken to be nil in the case of such assessee;". Section 15 - Insertion of New Section 80DDA After section 80DD of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of April, 1996, namely :- '80DDA. Deduction in respect of deposit made for maintenance of handicapped dependant. - (1) In computing the total income of an assessee who is resident in India, being an individual or a Hindu undivided family, there shall be.....

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Uttar Pradesh State Legislature (Delegation of Powers) Act, 1995 Complete Act

State: Central

Year: 1995

.....he considers it practicable to do so, consult a Committee constituted for the purpose, consisting of twenty members of the House of the People nominated by the Speaker and ten members of the Council of States nominated by the Chairman. (3) Every Act enacted by the President under sub-section (2) shall, as soon as may be after enactment, be laid before each House of Parliament. (4) Either House of Parliament may, by resolution passed within thirty days from the date on which the Act has been laid before it under sub-section (3), which period may be comprised in one session or in two successive sessions, direct any modifications to be made in the Act and if the modifications are agreed to by the other House of Parliament during the session in which the Act has been so laid before it or the session succeeding, such modifications shall be given effect to by the President by enacting an amending Act under sub-section (2): Provided that nothing in this sub-section shall affect the validity of the Act or of any action taken there under before it is so amended. Central Bare Acts

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West Bengal Backward Classes Development and Finance Corporation Act, 1995 Complete Act

State: West Bengal

Year: 1995

.....semi-processed or processed form; (d) "notification" means a notification published in the Official Gazette; (e) "prescribed" means prescribed by rules made under this Act; (f) "traditional occupation" means a community based occupation followed by the backward classes. Section 3 Incorporation (1) The State Government may, by notification, establish a Corporation to be known as the West Bengal Backward Classes Development and Finance Corporation. (2) The Corporation shall be a body corporate by the name notified under sub-section (1), having perpetual succession and a common seal, and shall by the said name sue and be sued. Section 4 Constitution of the Corporation (1) The Corporation shall consist of the following members, namely : (a) the Secretary, Department of Agriculture, Government of West Bengal, ex officio; (b) the Secretary, Department of Animal Resources Development, Government of West Bengal, ex officio; (c) the Secretary, Department of Co-operation, Government of West Bengal, ex officio; (d) the Secretary, Department of Cottage and Small Scale Industries, Government of West Bengal, ex officio; (e) the Secretary, Department of Forests, Government of West.....

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Punjab Apartment and Property Regulation Act, 1995 Complete Act

State: Punjab

Year: 1995

.....and circulated a Model Draft Bill, fey the guidance of the State Government to enact such a legislation speedily. Hence this Bill. Scope of the Act. The Act of 1995 has been enacted with a view to regulate the promotion of the construction, transfer and management of apartments on ownership basis, to regulate colonies and property transactions and to provide for registration of promoters and estate agents and enforcement of obligations on promoters and estate agents and for matters connected therewith or incidental thereto. Before the enactment of 1995 Act, the Punjab Regulation of Colonies Act, 1975 occupied the field. However, it was felt that the private colonizers were operating in the State with the sole motive of making profits without regard to the interest and rights of individual buyers of plots/flats. In order to check, control and regulate the activities of private colonisers and protect the interest of the consumers keeping in view the National Housing Policy, the Legislature enacted the 1995 Act. National Housing Policy. - About the necessity for promoting a national housing policy to overcome the acute shortage of housing in our country, this Court had occasion.....

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The Orissa Ministers Salaries & Allowances (Amendment) Act, 1995 Complete Act

State: Orissa

Year: 1995

.....of section 2. Orissa Act 20 of 1952 2 . In the Orissa Ministers' Salaries and Allowances Act, 1952 (hereinafter referred to as the principal Act), in section 2, after the words and comma "In this Act," the words and comma "unless the context otherwise requires," shall be inserted. Amendment of section 3. 3 . In the principal Act, for section 3, the following section shall be substituted, namely:- "3. There shall be paid to the Chief Minister, Deputy Chief Minister, Minister, Minister of State and Deputy Minister, a salary at the rate of rupees four thousand five hundred, rupees four thousand three hundred, rupees four thousand, rupees three thousand five hundred and rupees three thousand respectively, per month". Amendment of section 4-A. 4 . In the principal Act, for section 4-A, the following section shall be substituted, namely:- "4-A. There shall be paid to each Minister other than the Chief Minister, a sumptuary allowance of rupees one thousand per month and to the Chief Minister a sumptuary allowance of rupees two thousand per month", Insertion of new section 4-B. 5 . In the principal Act, after section 4-A, the following section shall be inserted,.....

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The Orissa Legislative Assembly Members Salary, Allowances and Pension (Amendment) Act, 1995 Complete Act

State: Orissa

Year: 1995

.....(d), for the words "three hundred and fifty rupees", the words "seven hundred and fifty rupees" shall be substituted. Amendment of section 4-A. 4 . In the principal Act, for section 4-A, the following section shall be substituted, namely:- "4-A. There shall be paid to each Member a sum of rupees two thousand per mensem to defray the cost of travelling which is not connected with the business of the Assembly or a Committee thereof or a Committee or Body constituted by the State or Central Government by a Resolution or an order". Amendment of section 4-AA. 5 . In the principal Act, in section 4-AA, for the words "eighteen thousand rupees", the words "thirty-five thousand rupees" shall be substituted. Orissa State Acts

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LEGISLATIVE ASSEMBLY OF MEGHALAYA (MEMBERS' PENSION) AMENDMENT BILL, 1995 Complete Act

State: Meghalaya

Year: 1995

.....who will be drawing pension at any point of time, the additional expenditure will be about rupees twenty lakhs annually. EXTRACT OF RELEVANT SECTIONS OF ACT 6 OF 1977 Pension payable to members 3. (1) With effect from the commencement of this Act, there shall be paid a pension of one thousand rupees per mensem to every person who served for a period of not less than five years whether continuous or not, as a member of the Legislative Assembly. Provided that in the event of early holding of elections where any person has served as such member for a period falling short of five years he shall not be deemed to have served for a complete period of five years if such period falls short by not more than three months:- Provided, further, that even when any person has served as a member of the Legislative Assembly for a period exceeding five years there shall be paid to him an additional pension of rupees one hundred per mensem for every year in excess of the five, however that in no case shall the total pension payable exceed rupees two thousand per mensem. (2) In computing the number of years for the purposes of sub-section (1), the period during which a person has.....

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The West Bengal Backward Classes Development and Finance Corporation Act, 1995 Complete Act

State: Jharkhand

Year: 1995

.....BENGAL BACKWARD CLASSES DEVELOPMENT AND FINANCE CORPORATION ACT, 1995 THE WEST BENGAL BACKWARD CLASSES DEVELOPMENT AND FINANCE CORPORATION ACT, 1995 [Act No. 19 of 1995] ( Assent of the Governor first published in the Calcutta Gazette, Extraordinary. dated the 10th October, 1995) [10th October, 1995] PREAMBLE An Act to establish a Backward Classes Development and Finance Corporation in West Bengal. Whereas it is expedient to provide for the establishment of a Backward Classes Development and Finance Corporation in West Bengal; It is hereby enacted as follows:- Section 1 - Short title, extent and commencement (1) This Act may be called the West Bengal Backward Classes Development and Finance Corporation Act, 1995. (2) It extends to the whole of West Bengal. (3) It shall come into force on such date as the State Government may, by notification, appoint. Section 2 - Definitions In this Act, unless there is anything repugnant in the subject or context,- (a) "backward classes" means such classes as the State Government may, by notification, specify from time to time; (b) "the Corporation" means the West Bengal Backward Classes Development and.....

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The Assam Madrassa Education (Provincialisation) Act, 1995 Complete Act

State: Assam

Year: 1995

.....the employees of the Government on and from the appointed day on the following terms and conditions, namely- (a) all rules including service rules and rules of conduct and discipline, which are applicable to the Government servants of corresponding grade, similarly placed shall be applicable to employees of the Madrassa; (b) all employees shall be entitled to such emoluments as salary and allowance etc. as admissible to them : Provided that no employee shall get as emoluments any amount which is less than the amount he was getting immediately before the appointed day; (c) Services of all employees shall be encadred in appropriate cadres in accordance with the rules as may be prescribed by the Government for this purpose; (d) The inter-se-seniority of the employees of a cadre or class shall be determined on the basis of the rule as may be prescribed by the Government. Section 4 - Superannuation and pension etc. (1) Notwithstanding anything contained in the proceeding section, all employees other than IV employees of Madrassa, coming within the purview of this Act shall, on attaining the age of 58 years, go on superannuation, and the Grade IV employees shall.....

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Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995 Complete Act

State: Central

Year: 1995

.....in the Forty-sixth 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 Persons with Disabilities (Equal Opportunities, Protection of Rights and Full Participation) Act, 1995. (2) It extends to the whole of India except the State of Jammu and Kashmir. (3) It shall come into force on such date3 (a) [a] 7-2-1996-See Gax. of Ind.. 7-9-1996. Pt. II, S. 3(i), Ext., p. 1 (No. 84). as the Central Government may, by notification, appoint. SECTION 2 : Definitions In this Act, unless the context otherwise requires.- (a) "appropriate Government" means,- (i) in relation to the Central Government or any establishment wholly or substantially financed by that Government, or a Cantonment Board constituted under the Cantonment Act, 1924 the Central Government: (ii) in relation to a State Government or any establishment wholly or substantially financed by that Government, or any local authority, other than a Cantonment Board, the State Government: (iii) in respect of the Central Co-ordination Committee and the Central Executive Committee, the Central Government: (iv) in respect of the State.....

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