Bare Act Search Results

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PREPARATION OF FINANCIAL STATEMENTS AND AUDITOR'S REPORT OF INSURANCE COMPANIES)REGULATIONS, 2000 Complete Act

State: Central

Year: 2000

.....over the period of insurance because of the very nature of the risk covered e.g. some infrastructure projects involving varying degrees of risk factor. A deposit premium is paid in such cases at the beginning of the policy period and subsequently adjusted. The basis of determination of premium earned shall be adequately justified, preferably supported by external evidence such as by certification from an actuary and/or other technical experts. Adequate disclosure of such basis shall be made. 3. Premium deficiency.-Premium deficiency shall be recognised if the sum of expected claim costs, related expenses and maintenance costs exceed related unearned premiums. For contracts exceeding four years, once a premium deficiency has occurred, future changes to the liability shall be based on actuarial/technical evaluation. 4. Acquisition costs.-Acquisition costs, if any, shall be expensed in the period in which they are incurred. Acquisition costs are those costs that vary with, and are primarily related to, the acquisition of new and renewal insurance contracts. The most essential test is the obligatory relationship between costs and the execution of insurance contracts (i.e......

Companies Act, 2013, Section 2

Title: Definitions

State: Central

Year: 2013

.....or any one or more of the directors is or are accustomed to act; (60) "officer who is in default", for the purpose of any provision in this Act which enacts that an officer of the company who is in default shall be liable to any penalty or punishment by way of imprisonment, fine or otherwise, means any of the following officers of a company, namely:-- (i) whole-time director; (ii) key managerial personnel; (iii) where there is no key managerial personnel, such director or directors as specified by the Board in this behalf and who has or have given his or their consent in writing to the Board to such specification, or all the directors, if no director is so specified; (iv) any person who, under the immediate authority of the Board or any key managerial personnel, is charged with any responsibility including maintenance, filing or distribution of accounts or records, authorises, actively participates in, knowingly permits, or knowingly fails to take active steps to prevent, any default; (v) any person in accordance with whose advice, directions or instructions the Board of Directors of the company is accustomed to act, other than a person who gives advice to the.....

Company Secretaries Act, 1980 Complete Act

State: Central

Year: 1980

.....unless he discloses the interest also in his report; (5) deliberately aids in or abets the concealment in his report or statement of a material fact known to him although the disclosure of which is necessary to make such statement not misleading; (6) fails to disclose in his report a material misstatement known to him and with which he is concerned in a professional capacity; (7) is grossly negligent in the conduct of his professional duties; (8) fails to obtain sufficient information to warrant the expression of an opinion or makes exceptions which are sufficiently material to negate the expression of an opinion; (9) fails to invite attention to any material departure from the generally accepted procedure relating to the secretarial practice; (10) fails to keep moneys of his client in a separate banking account or to use such moneys for purposes for which they are intended. PART 2PROFESSIONAL MISCONDUCT IN RELATION TO MEMBERS OF THE INSTITUTE GENERALLY REQUIRING ACTION BY A HIGH COURTA member of the Institute, whether in practice or not, shall be deemed to be guilty of professional misconduct, if he- (1) contravenes any of the provisions of this Act or the regulations made.....

Post Office Cash Certificates Act, 1917 Preamble 1

Title: Post Office Cash Certificates Act, 1917

State: Central

Year: 1917

THE POST OFFICE CASH CERTIFICATES ACT, 1917 [Act, 18 of 1917] [19th September, 1917] PREAMBLE An Act to restrict the transfer of Post Office 5-Year Cash Certificates and to provide for the payment of Certificates standing in the name of deceased persons. WHEREAS it is expedient to restrict the transfer of Post Office 5-year cash certificates and to provide for the payment of certificates standing in the name of deceased persons ; It is hereby enacted as follows :

Post Office Cash Certificates Act, 1917 Section 3

Title: Payment on Death of Holder of Post Office 5-year Cash Certificate

State: Central

Year: 1917

.....Savings Bank and the sum for the time being due on such certificate were a deposit in such a Bank1[and as if for the words "three thousand" in2[Section 8] of the said Act the words "five thousand" were substituted] : Provided that the powers conferred by the said provisions on the Secretary of a Government Savings Bank shall be exercisable by the Post Master General for the area within which the post office of issue of such certificate is situate3[or if that area is in Pakistan, by the Postmaster-General for such area in India as the Central Government may be general or special order specify in this behalf] : Provided further that, where in any one case payment is to be made of certificates issued from more post offices than one, the said powers shall be exercisable by the Post Master General for the area in which any of the said post offices is situate. (2) Nothing in sub-section (1) shall be deemed to require any person to accept payment of the amount due on a Post Office 5-year Cash Certificate before the same has reached maturity. ________________________ 1. Inserted by the Post Office Cash Certificates (Amendment) Act, 1920 (32 of 1920), Section 3. 2......

Post Office Cash Certificates Act, 1917 Complete Act

Title: Post Office Cash Certificates Act, 1917

State: Central

Year: 1917

Preamble1 - POST OFFICE CASH CERTIFICATES ACT, 1917 Section1 - Short title Section2 - Prohibition of transfer of Post Office 5-year Cash Certificates without the consent of an authorised officer Section3 - Payment on death of holder of Post Office 5-year Cash Certificate

Abolition of Cash Grants Act, 1967 (15 of 1967) Preamble 1

Title: Karnataka Abolition of Cash Grants Act, 1967

State: Karnataka

Year: 1967

THE1[KARNATAKA] (ABOLITION OF CASH GRANTS) ACT, 19672 [Act, No. 15 of 1967] [11th December, 1967] PREAMBLE An act to discontinue certain classes of cash grants in the1[Gulburga Area] of the1[State of Karnataka]. WHEREAS it is expedient to discontinue certain classes of cash grants in the1[Gulburga Area] of the1[State of Karnataka]; BE it enacted by the1[Karnataka] State Legislature in the Eighteenth Year of the Republic of India as follows:- ________________________ 1.Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973. 2.First Published in the Karnataka Gazette on the Twenty-first day of December, 1967.

Post Office Cash Certificates Act, 1917 Section 2

Title: Prohibition of Transfer of Post Office 5-year Cash Certificates Without the Consent of an Authorised Officer

State: Central

Year: 1917

(1) Notwithstanding any provision in any enactment or any rule of law for the time being in force to the contrary, no transfer (whether made before or after commencement of this Act) of a Post Office 5-year Cash Certificate shall be valid without the previous consent in writing of1[an officer of the Post Office authorised by general or special order of the2[CentraI Governmentl in that behalf). (2) In this section "transfer" means a transfer inter vivos and does not include a transfer by operation of law. ________________________ 1. Substituted for the words "the Post Master General for the area in which the Post Office of issue is situate", by the Post Office Cash Certificates (Amendment) Act, 1920 (32 of 1920), Section 2. 2. Substituted for the words "Governor-General in Council" hy A.O., 1937.

Abolition of Cash Grants Act, 1967 (15 of 1967) Complete Act

Title: Abolition of Cash Grants Act, 1967 (15 of 1967)

State: Karnataka

Year: 1967

Preamble 1 - KARNATAKA ABOLITION OF CASH GRANTS ACT, 1967 Section 1 - Short title, extent and commencement Section 2 - Definitions Section 3 - Application of Act Section 4 - Abolition of certain grants and payment of compensation therefor Section 5 - Power to make rules Section 6 - Disposal of pending matters Section 7 - Repeal Schedule 1 - SCHEDULE

The Jharkhand Municipal Act, 2011 Complete Act

State: Jharkhand

Year: 2011

.....Government in relation to a Municipal Council, or the Nagar Panchayat, the Executive Officer of the Municipal Council or the Nagar Panchayat; (47) "Factory" means a factory as defined in the Factories Act, 1948; (48) "Filth" means (a) night soil or other contents of latrines, cesspools and drains; (b) dirt, dung, refuse, useless or offensive materials thrown out in consequence of any process of manufacture, industry or trade; and (c) putrid or putrifying substance, (49) "Finance Commission" means the State Finance Commission constituted under Article 243-I of the Constitution of India and referred to in section 97 of this Act; (50) "Food" includes every article used for food or drink by man, other than drugs or water, and any article which ordinarily enters into, or is used in the composition or preparation of, human food, and also includes confectionery, flavouring and colouring matters, spices and condiments; (51) "Footpath" means a pavement, for use by pedestrians; (52) "Goods" include animals; (53) "Government" means the State Government of Jharkhand; (54) "Holding" means land held under one title or agreement and surrounded by one set of boundaries: Provided that, where two.....