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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 sectionIncome Tax Act, 1961 Section 164
Title: Charge of Tax Where Share of Beneficiaries Unknown
State: Central
Year: 1961
.....which is of the nature referred to in sub-section (4A) of section 11, tax shall be charged on so much of the relevant income as is not exempt under section 11 or section 12, as if the relevant income not so exempt were the income of an association of persons: Provided that in a case where the whole or any part of the relevant income is not exempt under section 11 or section 12 by virtue of the provisions contained in clause (c) or clause (d) of sub-section (1) of section 13, tax shall be charged on the relevant income or part of relevant income at the maximum marginal rate. (3) In a case where the relevant income is derived from property held under trust in part only for charitable or religious purposes or is of the nature referred to in sub-clause (iia) of clause (24) of section 2 or is of the nature referred to in sub-section (4A) of section 11, and either the relevant income applicable to purposes other than charitable or religious purposes (or any part thereof) is not specifically receivable on behalf or for the benefit of any one person or the individual shares of the beneficiaries in the income so applicable are indeterminate or unknown, the tax chargeable on the.....
View Complete Act List Judgments citing this sectionGift-tax Act, 1958 [Cease to Have Effect on or After the 01.10.1998] Chapter II
Title: Charge of Gift-tax and Gifts Subject to Such Charge
State: Central
Year: 1958
.....be deemed to be a gift made by the transferor; (c) where there is a release, discharge, surrender, forfeiture or abandonment of any debt, contractor other actionable claim or of any interest in property by any person, the value of the release, discharge, surrender, forfeiture or abandonment, to the extent to which it has not been found to the satisfaction of the4[Assessing Officer] to have been bona fide, shall be deemed to be a gift made by the person responsible for the release, discharge, surrender, forfeiture or abandonment; (d) where a person absolutely entitled to property causes or has caused the same to be vested in whatever manner in himself and any other person jointly without adequate consideration and such other person makes an appropriation from or out of the said property, the amount of the appropriation used for the benefit of the person making the appropriation or for the benefit of any other person shall be deemed to be a gift made in his favour by the person who causes or has caused the property to be so vested; 5[(e) where a person who has an interest in property as a tenant for a term or for life or a remainder man surrenders or relinquishes his.....
View Complete Act List Judgments citing this sectionKarnataka Rent Control Act, 2001 Section 17
Title: Deposit of Rent and Other Charges by the Tenant
State: Karnataka
Year: 2001
.....to an amount equal to two months rent and other charges, if the Controller is satisfied that the said statements were materially untrue and may order that the fine realised or any part thereof be paid to the landlord as compensation. (6) The Controller may, on the complaint of the tenant and after giving an opportunity of being heard, to the land lord levy on the landlord a penalty which may extend to an amount equal to two months rent, if the Controller is satisfied that the landlord, without any reasonable cause, refused to accept rent though tendered to him within the time referred to in sub-section (1) of section 16 and may further order that the penalty realised or any part thereof be paid to the tenant as compensation.
View Complete Act List Judgments citing this sectionArmy Act, 1950 Section 139
Title: Conviction of Offence Not Charged
State: Central
Year: 1950
.....Criminal Procedure, 1973 ( 2 of 1974) were applicable. (7) A person charged before a court-martial with any offence under this Act, may, on failure of proof of an offence having been committed in circumstances involving a more severe punishment, be found guilty of the same offence as having been committed in circumstances involving a less severe punishment. (8) A person charged before a court-martial with any offence under this Act may be found guilty of having attempted or abetted the commission of that offence, although the attempt or abetment is not separately charged. ___________________ 1. Substituted by Act 37 of 1992. sec. 14 for "Code of Criminal Procedure 1898 (5 of 1898) (w.e.f 6-9-1992).
View Complete Act List Judgments citing this sectionAir Force Act, 1950 Section 138
Title: Conviction of Offence Not Charged
State: Central
Year: 1950
.....language. (5) A person charged before a court-martial with any one of the offences specified in clauses (a), (b), (c) and (d) of section 52 may be found guilty of any other of these offences with which he might have been charged. (6) A person charged before a court-martial with an offence punishable under section 71 may be found guilty of any other offence of which he might have been found guilty if the provisions of the Code of Criminal Procedure, 1898 were applicable. (7) A person charged before a court-martial with any offence under this Act may on failure of proof of an offence having been committed in circumstances involving a more servere punishment be found guilty of the same offence as having been committed in circumstances involving a less severe punishment. (8) A person charged before a court-martial with any offence under this Act may be found guilty of having attempted or abetted the commission of that offence although the attempt or abetment is not separately charged.
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