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Start Free TrialNew Delhi Municipal Council Act 1994 Chapter IX
Title: Borrowing
State: Central
Year: 1994
.....Central Government shall in any way deal with the attached fund; but such officer may do all acts in respect thereof which any municipal authority, officer or other employee might have done if such attachment has not taken place, and may apply the proceeds in satisfaction of the arrears and of all interests and cost due in respect thereof and of all expenses caused by the attachment and subsequent proceedings. Provided that no such attachment shall defeat or prejudice any debt for which the fund was previously charged in accordance with law; and all such prior charges shall be paid out of the proceeds of the fund before any part of the proceeds is applied to satisfaction of the debt due to the Central Government or the Government. Section 136 - Power to make regulations The Council may make regulations to carry out the purposes of this Chapter including, in particular, the issue of duplicates in case of loss of debentures by theft, destruction or otherwise, and renewal of debentures on payment of fees prescribed in this behalf by such regulations.
View Complete Act List Judgments citing this sectionGovernment of India Act, 1935 [Repealed] Chapter II
Title: Borrowing and Audit. Borrowing
State: Central
Year: 1935
.....Actwith respect to borrowing in sterling by the Secretary of State. ________________________ 1. Omitted, by the India (Provisional Constitution) Order, 1947. Section 162 - Borrowing by Federal Government 1[Subject to the provisions of Part XIII of this Act with respect to borrowing in sterling], the executive authority of the Federation extends to borrowing upon the security of the revenues of the Federation within such limits, if any, as may from time to time be fixed by Act of the Federal Legislature and to the giving of guarantees within such limits, if any, as may be so fixed. ________________________ 1. Omitted, by the India (Provisional Constitution) Order, 1947. Section 163 - Borrowing by Provincial Governments (1) Subject to the provisions of this section, the executive authority of a Province extends to borrowing upon the security of the revenues of the Province within such limits, if any, as may from time to time be fixed by the Act of the Provincial Legislature and to the giving of guarantees within such limits, if any, as may be so fixed. (2) The Federation may, subject to such conditions, if any, as it may think fit to impose, make loans to, or, so.....
View Complete Act List Judgments citing this sectionNational Bank for Agriculture and Rural Development Act, 1981 Chapter V
Title: Borrowings by the National Bank
State: Central
Year: 1981
.....repayable on such terms as the National Bank may, with the approval of the Reserve Bank, fix; and (e) receive gifts, grants, donations or benefactions from the Central Government or any State Government or any other source.] ________________________ 1. Substituted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000). Prior to substitution it read as under: "(a) issue and sell bonds and debentures carrying interest, which bonds and debentures shall be guaranteed by the Central Government as to the repayment of principal and payment of interest at such rates as may be by the Central Government in consultation with the Reserve Bank of the time the bonds or debentures are issued." 2. Substituted by National Bank For Agriculture And Rural Development (Amendment) Act, 2000 (55 of 2000). Prior to substitution it read as under: "(b) borrow money from the Reserve Bank repayable on demand or on the expiry of fixed periods not exceeding eighteen months from the date of the making of the loan or advance, on such terms and conditions including the terms relating to security and purpose as may be specified by the Reserve Bank. (c) borrow.....
View Complete Act List Judgments citing this sectionState Financial Corporations Act, 1951 Section 7
Title: Additional Capital of Financial Corporation and Its Borrowing Powers
State: Central
Year: 1951
.....Financial Corporation under Clause (b) of Sub-section (4) and Sub-section (5) and of the contingent liabilities of the Financial Corporation in the form of guarantees given by it or underwriting agreements entered into by it, shall not exceed ten times the amount of the paid-up share capital and reserve fund of the Financial Corporation: Provided that the Financial Corporation may, with the prior approval of the Small Industries Bank, exceed the aforesaid limit up to thirty time the amount of the paid-up share capital and reserve fund of the Financial Corporation.] ______________________ 1. Section 7 Substituted by Act 6 of 1962, section 5 (w.e.f. 16-4-1962) and again Substituted by Act. 39
View Complete Act List Judgments citing this sectionLocal 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.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 69D
Title: Amount Borrowed or Repaid on Hundi
State: Central
Year: 1961
Where any amount is borrowed on a hundi from, or any amount due thereon is repaid to, any person otherwise than through an account payee cheque drawn on a bank, the amount so borrowed or repaid shall be deemed to be the income of the person borrowing or repaying the amount aforesaid for the previous year in which the amount was borrowed or repaid, as the case may be: Provided that, if in any case any amount borrowed on a hundi has been deemed under the provisions of this section to be the income of any person, such person shall not be liable to be assessed again in respect of such amount under the provisions of this section on repayment of such amount. Explanation: For the purposes of this section, the amount repaid shall include the amount of interest paid on the amount borrowed.
View Complete Act List Judgments citing this sectionWakf Act, 1995 Section 76
Title: Mutawalli Not to Lend or Borrow Moneys Without Sanction
State: Central
Year: 1995
.....provision in the deed of wakf for such borrowing or lending, as the case may be. (2) The Board may, while according sanction, specify any terms and conditions subject to which the person referred to in sub-section (1) is authorised by him to lend or borrow any money or lend any other wakf property. (3) Where any money is lent or borrowed, or other wakf property is lent in contravention of the provisions of this section, it shall be lawful for the Chief Executive Officer, (a) to recover an amount equal to the amount which has been so lent or borrowed, together with interest due thereon, from the personal funds of the person by whom such amount was lent or borrowed; (b) to recover the possession of the wakf property lent in contravention of the provisions of this Act, from the person to whom it was lent, or from persons who claim title to such property through the person to whom such property was lent.
View Complete Act List Judgments citing this sectionUnit Trust of India Act, 1963 (52 of 1963) Section 20
Title: Borrowing Powers
State: Central
Year: 1963
.....Reserve Bank for the purposes of any scheme other than the first unit scheme: Provided that any amount borrowed under this clause and outstanding at any one time shall not exceed-- (a) five crores of rupees in respect of each such scheme; (b) ten crores of rupees in respect of all such schemes in the aggregate. (3) The bonds issued by the Trust under sub-section (2) shall be guaranteed by the Central Government as to the re-payment of principal and the payment of interest at such rate as may be fixed by the Central Government at the time the bonds are issued.] ______________________ 1. Substituted by Act 63 of 1985, Section 7. 2. Substituted by Act 17 of 1966, Section 5 (w.e.f. 10th June, 1966).
View Complete Act List Judgments citing this sectionWarehousing Corporations Act, 1962 Section 27
Title: Borrowing Powers of Warehousing Corporation
State: Central
Year: 1962
.....Government and the Central Warehousing Corporation on such securities and on such terms and conditions as may be agreed upon between the borrowing corporation and the lender, in each case. (4) The bonds and debentures of a Warehousing Corporation may be guaranteed by the appropriate Government as to the repayment of principal and the payment of interest at such rate as may be fixed by the appropriate Government on the recommendation of the board of directors of the Corporation at the time the bonds or debentures are issued. ________________________ 1. stituted by Act 42 of 1976, w.e.f. 24.03.1976. 2. Inserted by Act 42 of 1976 w.e.f. 24.03.1976. Again amended vide Warehousing Corporations (Amendment) Act, 2005 for the word "nationalised bank"
View Complete Act List Judgments citing this sectionIndustrial 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).
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