Bare Act Search Results

Local Authorities Loans Act, 1914 Section 6

Title: Issue of Short Term Bills

State: Central

Year: 1914

(1) Subject to the provisions of section 26 of the Indian Paper Currency Act, 1910 {See now s.31 of the Reserve Bank of India Act, 1934 (2 of 1934).}, the local authorities mentioned in Schedule I and any other local authority to which the {Subs.by the A.O.1937, for "G.G.in C."} [appropriate Government] may, by notification in the Official Gazette, extend the provisions of this section, may, with the previous sanction of the {Subs.by the A.O.1937, for "G.G.in C."} [appropriate Government], borrow money by means of the issue of bills or promissory notes payable within any period, not exceeding twelve months, for any purpose for which such local authority may lawfully borrow money under any law for the time being in force: Provided that the amount of the bills or promissory notes which may be so issued, shall not exceed, when the amount of the other moneys for the time being borrowed by such local authority is taken into account, the total amount which such local authority is empowered by law to borrow. (2) The {Subs.by the A.O.1937, for "G.G.in C."} [appropriate Government] may, by general or special order, regulate the conditions on which money may be borrowed or repaid.....

Local Authorities Loans Act, 1914 Complete Act

State: Central

Year: 1914

.....opportunity has been taken to reconcile certain discrepancies and to effect certain simplifications in the existing law which are due to the fact that the Acts now in force have been passed at different times to deal with special circumstances. Apart from this the Bill makes no change of principle in existing law, and, in particular, does not affect the borrowing powers conferred on any local authority by any special enactment."- Gazette of India, 1914, Part V, p. 5. An Act to consolidate and amend the law relating to the grant of loans to Local Authorities. Preamble.- Whereas it is expedient to consolidate and amend the law relating to the borrowing powers of local authorities; It is hereby enacted as follows :-This Act has been partially extended to Berar by Berar Laws Act, 1941 (4 of 1941). It has been extended to the new Provinces and Merged States by the Merged States (Laws) Act, 1949 (59 of 1949), section 3(1-1-1950) and to the States of Manipur,Tripura and Vindhya Pradesh by the Union Territories (Laws) Act, 1950 (30 of 1950),section 3(16-4-1950). Manipur and Tripura are States now-See Act 81 of 1971,sections 3 and 4(30-12- 1971). Vindhya Pradesh has megerd with M......

Destructive Insects and Pests Act, 1914 Complete Act

State: Central

Year: 1914

.....hundred and fifty rupees and, upon any subsequent conviction with-fine which may extend to two thousand rupees.] SECTION 06: PROTECTION TO PERSONS ACTING UNDER ACT No suit, prosecution or other legal proceedings shall lie against any person for anything in good faith done or intended to bed one under this Act. Footnotes: 6. Section 1 was renumbered as sub-section (1) of that section by the Part B States (Laws) Act. 1951(30 of 1951), S.3 and Sc. (1-4-1951). 7. Sub-section (2) was inserted, the Part B States (Laws) Act. 1951(30 of 1951). 8. Word "except the State of Jammu and Kashmir" were omitted by the Jammu and Kashmir (Extension of Law-I Act. 1956 (62 of 1956). S. 2 and Sch. (1-1 1-1956). 9. Substituted for the words "and trees or bushes" by the Destructive Insects and Pests (Amendment) Act. 1938 (6 of 1938). S..10. Substituted for "or land" bv the Destructive Insects and Pests (Amendment) Act. 1930 (20 of 1930). S. 2. 11. Inserted by A.O.. 1937. 12. Word 'and' was repealed by the Destructive Insects and Pests (Amendment) Act, 1939 (3 of 1939). S. 2 (2-2-1939). 13. Word 'and" omitted by A. C.A. 0.. 1948. 14. Clause (d) defining India', inserted by Act 3 of 1951, was.....

Local Authorities Loans Act, 1914 Section 3

Title: Borrowing Powers of Local Authorities

State: Central

Year: 1914

.....to fix a period for the repayment of any money borrowed thereunder which, when the period fixed for the repayment of the money previously borrowed is taken into account, will exceed the maximum period fixed for the repayment of a loan by or under any enactment for the time being in force: {Ins. by Act 38 of 1920, s.2 and Sch.I.} [Provided further that, in the case of loans other than loans made by the {Subs.by the A.O.1937, for "L.G.".} [appropriate Government], no amount exceeding twenty-five lakhs of rupees shall be borrowed unless the terms, including the date of flotation, of such loan have been approved by the {Subs., ibid., for "G.G.in C.".} [appropriate Government].] (2) Nothing in this section shall be deemed to authorize any local authority-- (a) to borrow or spend money for any purpose for which, under the law for the time being in force, it is not authorized to apply its funds, or (b) to borrow money by means of the issue of bills or promissory notes payable within any period not exceeding twelve months.

Local Authorities Loans Act, 1914 Complete Act

Title: Local Authorities Loans Act, 1914

State: Central

Year: 1914

Preamble1 - LOCAL AUTHORITIES LOANS ACT, 1914 Section1 - Short title and extent Section2 - Definitions Section3 - Borrowing powers of local authorities Section4 - Power to Government to make rules Section5 - Remedy by attachment if loan not repaid Section6 - Issue of short term bills Section7 - Loans not to be effected except under this Act Section8 - Application of Act to loans existing previous to the fifth of September, 1871 Section9 - [Repeals.] ScheduleI - SCHEDULE I ScheduleII - SCHEDULE II