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Start Free TrialProhibition of Charging Exorbitant Interest Act, 2004 Preamble 1
Title: Prohibition of Charging Exorbitant Interest Act, 2004
State: Karnataka
Year: 2004
THE KARNATAKA PROHIBITION OF CHARGING EXORBITANT INTEREST ACT, 2004 [Act, No. 14 of 2004]1 [4th March, 2004] PREAMBLE An Act to prohibit the charging of exorbitant interest by any person and matters incidental thereto. Whereas, in order to obviate the difficulties experienced by the public at large who are falling prey to persons charging exorbitant interest, it is considered necessary to prohibit lending money for such exorbitant interest and to provide for stringent punishment thereof and for the purposes hereinafter appearing; Be it enacted by the Karnataka State Legislature in the Fifty fifth year of the Republic of India as follows;- _______________________ 1. First published in the Karnataka Gazette Extra-ordinary on the Sixth day of March, 2004.
View Complete Act List Judgments citing this sectionBombay Charged Expenditure Act 1957, (Maharashtra) Preamble
Title: the Bombay Charged Expenditure Act 1957
State: Maharashtra
Year: 1957
THE BOMBAY CHARGED EXPENDITURE ACT 1957 [Act No. 5 of 1957]1 [20th March, 1957] PREAMBLE An Act to provide that certain expenditure shall be charged on the Consolidated Fund of the State. WHEREAS it is expedient to declare certain expenditure to be charged on the Consolidated Fund of the State, and for that purpose repeal and enact afresh certain provisions relating thereto in certain enactments; It is hereby enacted in the Eighth Year of the Republic of India as follows :- __________________ 1. For Statement of Objects and Reasons, see Bombay Government Gazette, 1957, Part V, p. 6.
View Complete Act List Judgments citing this sectionProhibition of Charging Exorbitant Interest Act, 2004 Complete Act
Title: Prohibition of Charging Exorbitant Interest Act, 2004
State: Karnataka
Year: 2004
Preamble 1 - PROHIBITION OF CHARGING EXORBITANT INTEREST ACT, 2004 Section 1 - Short title, extent and commencement Section 2 - Definitions Section 3 - Prohibition of charging exorbitant interest Section 4 - Penalty Section 5 - Deposit of money and presentation of petition to court and the procedure thereof Section 6 - Restoration of possession of property Section 7 - Voluntary disclosure Section 8 - Adjustment of Interest Section 9 - Abetment of suicide Section 10 - Court fees Section 11 - Act not to be in derogation to other laws Section 12 - Application of provisions of the Karnataka Money Lenders Act, 1961 Section 13 - Deferment of repayment of loan Section 14 - Repeal and Savings
List Judgments citing this sectionBombay Charged Expenditure Act 1957, (Maharashtra) Section 2
Title: Repeals and Enactment Providing for Charging Certain Expenditure on the Consolidated Fund of the State
State: Maharashtra
Year: 1957
(1) In the Schedule the provisions mentioned in column 2 thereof the enactments set out in column 1, shall with effect from the 1st day of November, 1956 be deemed to have been repealed, and with effect from that date the provisions in column 3 of the Schedule shall be deemed to have been inserted in their place. (2) The Bombay Charged Expenditure Act, 1950 and the Madhya Pradesh Consolidated Fund (Charged Expenditure) Act, 1950, are repealed.
View Complete Act List Judgments citing this sectionProhibition of Charging Exorbitant Interest Act, 2004 Section 3
Title: Prohibition of Charging Exorbitant Interest
State: Karnataka
Year: 2004
No person shall charge exorbitant interest on any loan advanced by him.
View Complete Act List Judgments citing this sectionAgricultural Income-tax Act, 1957 Chapter 2
Title: Charge of Agricultural Income-tax
State: Karnataka
Year: 1957
.....needs of the company and the benefit derived by or accruing to it therefrom;] 7 [(iii) any sum paid on account of wealth tax under the Wealth Tax Act, 1957 (Central Act XXVII of 1957);] 8 [Explanation.--For the removal of doubts it is hereby declared that deductions under this clause shall not include deductions specifically provided for or allowed under other clauses of this section or rules made under this section.] (l) such other deductions as may be prescribed generally or in particular cases; (m) in the case of agricultural income under the head rent or revenue derived from land referred to in sub-clause (1) of clause (a) of section 2,-- (i) any expenses actually incurred in the previous year in the collection of agricultural income; (ii) any expenses incurred in the previous year on repairs in respect of any capital asset used in connection with the collection of rents due in respect of the land from which the agricultural income is derived; (n) in the case of agricultural income referred to in sub-clause (2) of clause (a) of section 2,-- (i) the expenses other than capital expenditure incurred in the previous year of raising the crop from which the.....
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Chapter VI
Title: Aggregation of Income and Set off or Carry Forward of Loss
State: Central
Year: 1961
.....or amalgamation or demerger had not taken place.] 5[(aa) industrial undertaking means any undertaking which is engaged in - (i) the manufacture or processing of goods; or (ii) the manufacture of computer software; or (iii) the business of generation or distribution of electricity or any other form of power; or 6[(iiia) the business of providing telecommunication services, whether basic or cellular, including radio paging, domestic satellite service, network of trunking, broadband network and internet services; or] (iv) mining; or (v) the construction of ships, aircrafts or rail systems; ] 10[(b) "unabsorbed depreciation" means so much of the allowance for depreciation of the predecessor firm or the proprietary concern or the private company or unlisted public company before conversion into limited liability partnership or the amalgamating company or the demerged company, as the case may be, which remains to be allowed and which would have been allowed to the predecessor firm or the proprietary concern or the company or amalgamating company or demerged company, as the case may be, under the provisions of this Act, if the reorganisation of business or.....
View Complete Act List Judgments citing this sectionKarnataka Municipal Corporations Act, 1976 Section 212
Title: Power to Cut off Water Supply
State: Karnataka
Year: 1976
.....connected with the corporation water supply to be placed, removed, repaired or otherwise interfered with in contravention of the provisions of this Act, the rules or bye-laws made thereunder: Provided that the Commissioner shall not cut off the supply of water unless notice of not less than three days has been given to the owner or occupier of the premises. (2) (a) The owner and the occupier of the premises shall be jointly and severally liable for the payment of all the sums referred to in clause (c) of sub-section (1). (b) The sums referred to in clause (a) shall be a charge on the premises. (3) The expenses of cutting off the supply shall be payable by the owner and occupier of the premises jointly and severally. (4) In respect of any premises from which water supply is cut off under clause (c) of sub-section (1), as soon as any money for non-payment of which water has been cut off together with the expenses of cutting off the supply has been paid by the owner or occupier, the Commissioner shall cause water to be supplied as before on payment of the cost of re-connecting the premises with the water works. (5) Action taken under this section against any person.....
View Complete Act List Judgments citing this sectionTransfer of Property Act, 1882 Chapter IV
Title: Of Mortgages of Immovable Property and Charges
State: Central
Year: 1882
.....times, at his request and at his own cost, and on payment of the mortgagee's costs and expenses in this behalf, to inspect and make copies or abstracts of, or extracts from, documents of title relating to the mortgaged property which are in the custody or power of the mortgagee.] Section 61 - Right to redeem separately or simultaneously 1 [61. Right to redeem separately or simultaneously A mortgagor who has executed two ormore mortgages in favour of the same mortgagee shall, in the absence of acontract to the contrary, when the principal money of any two or more of themortgages has become due, be entitled to redeem any one such mortgageseparately, or any two or more of such mortgages together.] ________________________ 1. Substituted byAct 20 of 1929, section 24 for the original section. Section 62 - Right of usufructuary mortgagor to recover possession In the case of a usufructuary mortgage, the mortgagor has a right to recover possession of the property 1 [together with the mortgage-deed and all documents relating to the mortgaged property which are in the possession or power of the mortgagee], - (a) where the mortgagee is authorized to pay himself the.....
View Complete Act List Judgments citing this sectionBangalore Water Supply and Sewerage Act, 1964 Section 53
Title: Power to Cut off Water Supply
State: Karnataka
Year: 1964
.....him to refrain from so doing, the owner or occupier continues to use the water or to permit it to be used in contravention of the provisions of this Act or any rule made there-under; (e) if the owner or occupier wilfully or negligently damages his meter or any pipe or tap conveying water; (f) if the owner or occupier refuses to admit the Board or any person authorised by it in this behalf into the premises which it or he proposes to enter for the purpose of executing any work or of placing or removing any apparatus or of making any examination or inquiry in connection with the water supply or prevents the Water Supply Engineer or any person authorised by the Board doing such work, from placing or removing such apparatus or making such examination or inquiry; (g) if any pipes, taps, works or fittings connected with the water supply are found on examination by the Board or any person authorised by it to be out of repair to such an extent as to cause waste or contamination of water; (h) if the owner or occupier causes pipes, taps, works or fittings connected with the Board water supply to be placed, removed, repaired or otherwise interfered with in contravention of the.....
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