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Finance Act 1968 Chapter IV

Title: Other Direct Taxes

State: Central

Year: 1968

.....the value of any asset returned by any person is less than seventy five per cent. of the value of such asset as determined in an assessment under section 16 or section 17 (the value so assessed being referred to hereafter in this Explanation as the correct value of the asset), or (ii) the value of any debt returned by any person exceeds the value of such debt as determined in an assessment under section 16 or section 17 by more than twenty-five per cent. of the value so assessed (the value so assessed being referred to hereafter in this Explanation as the correct value of the debt), or (iii) the net wealth returned by any person is less than seventy-five per cent. of the net wealth as assessed under section 16 or section 17 (the net wealth so assessed being referred to hereafter in this Explanation as the correct net wealth), then, such person shall, unless he proves that the failure to return the correct value of the asset or, as the case may be, the correct value of the debt or the correct net wealth did not arise from any fraud or any gross or wilful neglect on his part, be deemed to have concealed the particulars of assets or furnished inaccurate particulars of.....

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Finance Act 1968 Section 32

Title: Amendment of Act 27 of 1957

State: Central

Year: 1968

.....the value of any asset returned by any person is less than seventy five per cent. of the value of such asset as determined in an assessment under section 16 or section 17 (the value so assessed being referred to hereafter in this Explanation as the correct value of the asset), or (ii) the value of any debt returned by any person exceeds the value of such debt as determined in an assessment under section 16 or section 17 by more than twenty-five per cent. of the value so assessed (the value so assessed being referred to hereafter in this Explanation as the correct value of the debt), or (iii) the net wealth returned by any person is less than seventy-five per cent. of the net wealth as assessed under section 16 or section 17 (the net wealth so assessed being referred to hereafter in this Explanation as the correct net wealth), then, such person shall, unless he proves that the failure to return the correct value of the asset or, as the case may be, the correct value of the debt or the correct net wealth did not arise from any fraud or any gross or wilful neglect on his part, be deemed to have concealed the particulars of assets or furnished inaccurate particulars of.....

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The Mahe Land Reforms Act, 1968 Complete Act

State: Pondicherry

Year: 1968

.....Power to make rules. 139. Limitation. 140. Repeal and savings. THE MAHE LAND REFORMS ACT, 1968 (Act No.1 of 1968) 22nd March, 1968 AN ACT To enact a comprehensive legislation relating to land reforms in Mahe region of the Union Territory of Pondicherry. WHEREAS it is expedient to enact a comprehensive legislation relating to land reforms in the Mahe region of the Union territory of Pondicherry; BE it enacted by the Legislative Assembly of Pondicherry in the Nineteenth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY Short title, extent and commencement. 1. (1) This Act may be called the Mahe Land Reforms Act, 1968. (2) It extends to the whole of Mahe region of the Union territory of Pondicherry. The Act came into force from 22nd March, 1968 vide Extraordinary Gazette No.23, dated 22nd March, 1968. (3) The provisions of this Act, except this section which shall come into force at once, shall come into force on such date as the Government may, by notification in the Official Gazette, appoint; Provided that different dates may be appointed for different provisions of this Act, and any reference to the commencement of this Act in.....

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Insecticides Act, 1968 Complete Act

State: Central

Year: 1968

INSECTICIDES ACT, 1968 INSECTICIDES ACT, 1968 46 of 1968 2nd September, 1968 An Act to regulate the import, manufacture, sale, transport, distribution and use of insecticides with a view to prevent risk to human beings or animals, and for matters connected therewith Be it enacted by Parliament in the Nineteenth Year of the Republic of India as follows: SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Insecticides Act, 1968. (2) It extends to the whole of India. (3)'lt shall come into force on such date1as the Central Government may, by notification in the official Gazette, appoint and different dates may be appointed for different States2. SECTION 02: APPLICATION OF OTHER LAWS NOT BARRED The provisions of this Act shall be in addi- tion to, and not in derogation of, any other law for the time being in force. SECTION 03: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "animals" means animals useful to human beings and includes fish and fowl, and such kinds of wild life as the Central Government may, by notification in the official Gazette, specify, being kinds which in its opinion, it is desirable to protect or.....

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State Agricultural Credit Corporations Act, 1968 Chapter 4

Title: Business Which the Corporation May Transact

State: Central

Year: 1968

.....(f) such commission as may be agreed upon; (h) managing or selling of any property which may come into the possession of the Corporation in satisfaction or part satisfaction of any of its claims; (i) acquiring or holding of any property or any right, title or interest in any property which may form the security or a part of the security for any loan or advance or which may be connected with any business of the Corporation; (j) any other kind of business which the Central Government may, on the recommendation of the Reserve Bank, authorise; (k) generally the doing of such things and matters as may be incidental to or consequential upon the discharge of its functions under this Act. Section 20 - Borrowing by the Corporation Subject to the provisions of this Act , the Corporation may, for the purposes of carrying out of its functions under this Act,- (a) re- discount; with or sell to; the Reserve Bank or borrow money from that Bank and for that purpose, the Corporation shall be deemed to be a State Co- operative Bank within the meaning of clause 2 (a) , clause 2(b), clause 2(bb) and clause (4) of section 17 , sub- section (2) of section 46A and sub- section (2) of.....

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State Agricultural Credit Corporations Act, 1968 Section 24

Title: Stabilisation Fund

State: Central

Year: 1968

(1) To the Stabilisation Fund shall be credited such sum, not being less than ten and not more than fifteen percent, as the Corporation may deem fit from out of its net annual profits before declaring a dividend. (2) Subject to such conditions as may be specified by the Board by regulations, the amount lying to the credit of the Stabilisation Fund shall be utilised solely for the purpose of making loans or advances with a view to enabling any co- operative society or other person to pay its or his dues in case where, in the opinion of the Corporation, such society or other person is unable to pay such dues in time owing to drought, famine or other natural calamities.

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State Agricultural Credit Corporations Act, 1968 Section 26

Title: Payment of Dividend

State: Central

Year: 1968

After making provision for bad and doubtful debts, depreciation of assets and all other matters which are usually provided for by bankers , and after crediting to the Stabilisation Fund under section 24 and to the Reserve Fund under section 25, the Corporation may, out of its annual net profits, declare a dividend.

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Seeds Rules, 1968 Complete Act

State: Central

Year: 1968

.....SHORT TITLE These rules may be called the Seeds Rules, 1968. RULE 02: DEFINITIONS -In these rules, unless the context otherwise requires.- (a)"Act" means the Seeds Act, 1966 (54 of 1966) : (b)"advertisement" means all representations other than those on the label, disseminated in any manner or by any means relating to seed for the purposes of the Act; (c) "certification sample" means a sample of seed drawn by a certification agency or by a duly authorised representative of a certification agency established underSec. 8-or recognized under Sec. 18-of the Act; (d)"certification tag" means a tag or label of certain design to be specified by the certification agency and shall constitute the certificate granted by the certification agency ; (e) "certified seed" means seed that fulfils all requirements for certification provided by the Act and these rules and to the container of which the certification tag is attached; (f) "certified seed producer" means a person who grows or distributes certified seed in accordance with the procedure and standards of the certification agency ; (g)"complete record" means the information which relates to the origin, variety, kind,.....

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The Himachal Pradesh Aerial Ropeways Act, 1968 Complete Act

State: Himachal

Year: 1968

.....ropeways. 37. Arrest for offence against certain sections and procedure thereupon. 38. Repeal and savings. THE HIMACHAL PRADESH AERIAL ROPEWAYS ACT, 1968 (ACT NO. 7 OF 1969) [For Statement of Objects and Reasons, see R. H. P. Extra., dated the 8th July, 1968, P. 580, and for Authoritative Hindi Text see R. H. P. Extra, dated 3 -1-1987, p. 57.] (Received the assent of the President of India on the 11th March, 1969, and was published in R. H. P. Extra, dated the 10th July, 1969, p. 627-641). Amended, repealed or otherwise affect by,- (i) H.P. Act No. 13 of 1995, Passed in Hindi by the Himachal Pradesh Videhan Sabha. For Statement of Objects and Reasons, see R. H. P. Extra., dated 29.9.1995, p. 3958 & 3964, published in Hindi and English in R.H.P. Extra., dated 22nd November, 1995, p. 4649-4656. An Act to authorise, facilitate and regulate the construction an working of aerial ropeways in Himachal Pradesh. BE it enacted by the Legislative Assembly of Himachal Pradesh in the Nineteenth Year of the Republic of India as follows:- CHAPTER 1 PRELIMINARY 1. Short title and extent.-(1) This Act may be called the Himachal Pradesh Aerial Ropeways Act, 1968. (2) It extends to the.....

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The Kerala Revenue Recovery Act, 1968 [1] Complete Act

State: Kerala

Year: 1968

THE KERALA REVENUE RECOVERY ACT, 1968 [1] THE KERALA REVENUE RECOVERY ACT, 1968 [1] (ACT 15 Of 1968) An Act to consolidate and amend the law relating to the recovery of arrears of public revenue in the State of Kerala Preamble.- WHEREAS it is expedient to consolidate and amend the laws relating to the recovery of arrears of public revenue in the State of Kerala ; BE it enacted in the Nineteenth Year of the Republic of India as follows : - CHAPTER I Preliminary 1. Short title, extent and commencement .- (1) This Act may be called the Kerala Revenue Recovery Act, 1968. (2) It extends to the whole of the State of Kerala . (3) It shall come into force on such date as the Government may, by notification in the Gazette, appoint. 2. Definitions .- In this Act, unless the context otherwise requires,- "arrear of public revenue due on land" means the whole or any portion of any kist or instalment of such revenue not paid on the day on which it falls due according to the kistbandy or any engagement or usage ; "authorised officer" referred to in any provision of this Act means the officer authorised by the Collector under section 73 to exercise the powers or.....

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