Bare Act Search Results

Food Corporations Act, 1964 Complete Act

State: Central

Year: 1964

.....Government in this behalf against stocks of food grains or other foodstuffs held by it for the purpose of carrying out its functions under the Act. The provisions of the Act do not permit a Food Corporation borrow funds from other sources or to issue and sell bonds or debentures. 2. The Food Corporations do not generate any internal resources. They require funds both for working capital requirements as well as for investment purposes. At present, the funds are being provided by only the Government and the banking section. It is proposed to diversify the sources of financing. 3. It is, therefore proposed to amend section 27of the Food Corporations. Act, 1964 (37 of 1964) to enable a Food Corporation to raise funds, as and when required, for its operational as well as investment requirements by the issue of bonds and debentures and also by borrowings from the Central and State Government institutions or public sector enterprises or bodies or from public or corporate sector, on such terms, and conditions as may be approved by the Central Government. 4. The Bill seeks to achieve the above objective. Gaz. of Ind., 21-4-87., Pt. II S. 2 F.xt., P. 3 (No. 15). Prefatory.....

Industrial Development Bank of India Act, 1964 Complete Act

State: Central

Year: 1964

.....for providing credit and other facilities for the development of industry and for matters connected therewith and further to amend certain enactments. Be it enacted by Parliament in the Fifteenth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Industrial Development Bank of India Act, 1964.- (2) It extends2to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification3in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of the Development Bank; (b) "Development Bank" means the Industrial Development Bank of India established under section 3-; [(c) "Industrial concern" means any concern engaged or to be engaged in,- (i) the manufacture, preservation or processing of goods; (ii) shipping; [(iii) mining including development of mines,] (iv) the hotel industry. (v) the transport of passengers or goods by road or by water or4[by air or by ropeway or by lift]; [(vi) the generation,.....

Industrial Development Bank of India Act, 1964 [Repealed] Chapter 4

Title: Business of the Development Bank

State: Central

Year: 1964

.....by Act 5 of 1995, sec. 12, for "which may be notified by the Central Government in this behalf (w.r.e.f. 12-10-1994). 3. Certain words Inserted by Act 75 of 1972, sec. 3 and omitted by Act 52 of 1975, sec. 11. 4. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more than twenty-five years". 5. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more then ten years". 6. Substituted by Act 75 of 1972, sec. 3, for "and are repayable on the expiry of not less than six months and not more than ten years". 7. Substituted by Act 75 of 1972, sec. 3, for "promissory notes of industrial concerns". 8. Substituted by Act 75 of 1972, sec. 3, for "any other financial institution". 9. Inserted by Act 35 of 1986, sec. 7. 10. Substituted by Act 75 of 1972, sec. 3, for "which may at the option of the Development Bank be convertible". 11. Inserted by Act 75 of 1972, sec. 3. 12.Substituted by Act 35 of 1986, sec. 7. 13. Substituted by Act 52 of 1975, sec. 11, for "on the recommendation of". 14. The words "on the recommendation of the Reserve Bank" omitted by Act 52 of 1975, sec. 11. .....

Companies (Profits) Surtax Act, 1964 Complete Act

State: Central

Year: 1964

.....of India, 29-2-1964, Pt. II, S. 2, Ext., p. 178. Act 41 of 1975.- The object of this Bill is to amend the income-tax Act, 1961, the Wealth Tax Act. 1957, the Gift Tax Act, 1958 and the Companies (Profits) Surtax Act, 1964. The proposals relating to the amendments to these enactments have been formulated after a detailed examination of the recommendations of the Direct Taxes Enquiry Committee (Wanchoo Committee) and the Forty-seventh Report of the Law Commission on the Trial and Punishment of Social and Economic Offences, the latter in so far as they relate to direct taxes. Opportunity has been taken to sponsor some amendments on the basis of suggestions received from various other quarters as well. Technical difficulties arising in the operation of some of the provisions of these enactments have also been taken into account in formulating these proposals. 2. The main objective of the amendments proposed to be made are to unearth black-money and prevent its proliferation; to fight and curb tax evasion; to check avoidance of tax 'through various legal devices, including the formation of trusts and diversion of income or wealth to members of family; to reduce tax arrears and.....

Dakshina Bharat Hindi Prachar Sabha Act, 1964 Complete Act

State: Central

Year: 1964

.....the President of the Sabha in connection with any matter and the President of Sabha does not within a reasonable time take action to the satisfaction of the Central Government in respect thereof, the Central Government may, after allowing the Sabha an opportunity of furnishing explanations or making representations, issue such directions as that Government considers necessary in respect of any of' the matters dealt with in the report and the Sabha shall, notwithstanding anything contained in any law for the time being in force or in the memorandum or rules and regulations of the Sabha, comply with such directions. ( 7) The members of any committee constituted under sub-section (1) shall be paid such allowances as the Central Government may, by order, fix and such allowances together with the expenses incurred, with the previous approval of the Central Government, by any such committee in the performance of its functions (including any salary, remunerations or allowances, if any, payable to any person employed by any such committee), shall, notwithstanding anything contained in any law for the time being in force in the memorandum or rules and regulations of the Sabha, be.....

Industrial Development Bank of India Act, 1964 [Repealed] Section 9

Title: Business of Development Bank

State: Central

Year: 1964

.....bills of exchange and 7 [promissory notes made, drawn, accepted or endorsed by industrial concerns or by any person selling capitals goods manufactured by one industrial concern;] (c) subscribing to or purchasing stocks, shares, bonds or debentures of the Industrial Finance Corporation, any State Financial Corporation or 8 [any other financial institution whether within or outside India]. 2 [which may be approved by the Board in this behalf]; 9 [(ca) granting lines of creditor loans and advances to the Industrial Finance Corporation, any State Financial Corporation or any other financial institution 2 [which may be approved by the Board in this behalf], for the purpose of any business of such Corporation or institution]; (d) granting loans and advances to any industrial concern or subscribing to, or purchasing, or underwriting the issue of, stocks, shares, bonds or debentures of any industrial concern: Provided that nothing contained in this clause shall be deemed to preclude the Development Bank from granting loans or advances to, or subscribing to debentures of, industrial concern, 10 [the amounts outstanding thereon may be convertible at the option of the.....

Industrial Development Bank of India Act, 1964 [Repealed] Section 11

Title: Borrowings and Acceptance of Deposits by Development Bank

State: Central

Year: 1964

.....in force in India; (ii) against bills ofexchange or promissory notes arising out of bona fide commercial or tradetransactions, bearing two or more good signatures and maturing within five yearsfrom the date of the borrowing; (iii) out of the NationalIndustrial Credit (Long Term Operations) Fund established under section 46C ofthe Reserve Bank of India Act, 1934 (2 of 1934) for any of the purposesspecified in that section; (c) borrow money fromsuch other authority, organisation or institution in India as may be generallyor specially approved by 1 [the Board]; (d) accept depositson such terms as may be approved by 1 [the Board.] (2) The CentralGovernment may, on a request being made to it by the Development Bank, guaranteethe bonds and debentures issued by that bank as to the repayment of principaland the payment of interest at such rate as may be fixed by that Government. ______________________ 1. Substituted by Act 5 of 1995. sec. 13, for "the CentralGovernment" (w.r.e.f. 12-10-1994).

GOA, DAMAN AND DIU JUDICIAL COMMISSIONER'S COURT (DECLARATION AS HIGH COURT) ACT, 1964 Complete Act

State: Central

Year: 1964

.....into force on the date of commencement of the Goa, Daman and Diu (Judicial Commissioner's Court) Regulation, 1963,2 SECTION 02: DEFINITION In this Act, "article" means an article of the Constitution. SECTION 03: DECLARATION OF GOA, DAMAN AND DIU JUDICIAL COMMISSIONER'S COURT AS HIGH COURT FOR CERTAIN PURPOSES -The Court of the Judicial Commissioner for the Union territory of Goa, Daman and Diu (hereinafter referred to as the Judicial Commissioner's Court) is hereby declared to be a High Court for the purposes of Articles 132-,133-and134- SECTION 04: APPEALS TO THE SUPREME COURT NOT TO BE BARRED ON ACCOUNT OF JUDGMENT, ETC., BEING OF A SINGLE JUDGE An appeal shall lie to the Supreme Court under the provisions of Article 133-from any judgment, decree or final order of the Judicial Commissioner's Court notwithstanding that such judgment, decree or final order is that of a single Judge. SECTION 05: APPEALS TO SUPREME COURT FROM JUDGMENT, DECREE, ETC., PASSED OR MADE BY JUDICIAL COMMISSIONER'S COURT Subject to any rules made under Article 145-or any other law as to the time within which appeals to the Supreme Court are to be entered, an appeal shall lie to that Court from a.....

Industrial Development Bank of India Act, 1964 [Repealed] Schedule 2

Title: The Second Schedule

State: Central

Year: 1964

.....omit the words, brackets and figure "subject to the provisions of sub-section(6)"; (c) omit sub-section (6). Do 3. In sub section(2) of section 13, for the words "three Directors", substitute the words "four Directors The date of establishment of the Development Bank. 4. in section 17 -- (a) after clause (4f), insert the following clause, namely:- "(4G) the making of loans and advances, to, and the purchasing of bonds and debentures of , the Development Bank out of the National Industrial Credit (Long Term Operations) Fund established under section 46 C; (4H) the making of the Development Bank of loans and advances -- (a) repayable on demand or on the expiry of fixed periods not exceeding ninety days, from the date of such loan or advances against the security of stocks, funds and securities (other than immovable property) in which a trustee is authorised to invest trust money by any law for the time being in force in India; or (b) against the security of bills or exchange or promissory notes, arising out of bona fide commercial or trade transactions bearing two or more good signatures and.....