Bare Act Search Results

Negotiable Instruments Act, 1881 Section 25

Title: When Day of Maturity is a Holiday

State: Central

Year: 1881

When the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument sh all be deemed to be due on the next preceding business day. Explanation.-- The expression "Public holiday" includes Sundays1[* * *] and any other day declared by the2[Central Government], by notification in the Official Gazette, to be a public holiday. ____________________ 1. The words "New-Year's day, Christmas day : if either of such days falls on a Sunday, the next following Monday: Good-Friday;" omitted by Act 37 of 1955, sec. 3 (w .e.f. 1- 4- 1956). 2 . Substituted b y the A.O. 1937 , for "Local Government".

Finance Act, 2008 Complete Act

State: Central

Year: 2008

.....the meaning given by Article 2 of Council Regulation (EC) No. 1407/2002 (state aid to coal industry). (3) The production of coal includes the extraction of it. Excluded activities: producing steel 20C In paragraph 16(ic) "steel" means any of the steel products listed in Annex 1 to the Guidelines on national regional aid (2006/C 54/08), published in the Official Journal on 4 March 2006." (6) The amendments made by this section have effect in relation to options granted on or after the day on which this Act is passed. SECTION 34: Tax credits for certain foreign distributions: (1) Schedule 12 contains provision about tax credits for certain foreign distributions. (2) The amendments made by that Schedule have effect for the tax year 2008-09 and subsequent tax years. SECTION 35: Small companies relief: associated companies: (1) Section 13 of ICTA (small companies' relief) is amended as follows. (2) In the second sentence of subsection (4) (meaning of "control" for purposes of definition of "associated company"), insert at the end "except that, in the application of subsection (6) of that section in relation to the company ("the taxpayer company") and another company.....

Bills of Exchange Act, 1882 Complete Act

State: Central

Year: 1882

.....operates as notice that the agent has but a limited authority to sign, and the principal is only bound by such signature the agent in so signing was acting within the actual limit of his authority. SECTION 26: PERSON SIGNING AS AGENT OR IN REPRESENTATIVE CAPACITY (1) Where a person signs a bill as drawer, endorser or acceptor, and adds words to his signature, indicating that he signs for or on behalf of a principal, or in a representative character, he is not personally liable thereon ; but the mere addition to his signature of words describing him as an agent, or as filling a representative character, does not exempt him from personal liability. (2) In determining whether a signature on a bill is that of the principal or that of the agent by whose hand it is written, the construction most favourable to the validity of the instrument shall be adopted. SECTION 27: VALUE DEFINED (1) Valuable consideration for a bill may be constituted by- (a) any consideration sufficient to support a simple contract ; (b) an antecedent debt or liability. Such a debt or liability is deemed valuable consideration whether the bill is payable on demand or at a future time. (2) Where value.....

Negotiable Instruments Act, 1881 Complete Act

State: Central

Year: 1881

.....When the holder of an accepted bill of exchange enters into any contract with the acceptor which, under section 134 or 135 of the Indian Contract Act, 1872 (9 of 1872), would discharge the other parties, the holder may expressly reserve his right to charge the other parties, and in such case they are not discharged. SECTION 40: DISCHARGE OF INDORSER'S LIABILITY Where the holder of a negotiable instrument, without the consent of the indorser, destroys or impairs the indorser's remedy against a prior party, the indorser is discharged from liability to the holder to the same extent as if the instrument had been paid at maturity. Illustration A is the holder of a bill of exchange made payable to the order of B, which contains the following indorsements in blank- First indorsement, "B". Second indorsement, "Peter Williams". Third indorsement "Wright & Co." Fourth indorsement "John Rozario". This bill A puts in suit against John Rozario and strikes out, without John Rozario's consent, the indorsements by Peter Williams and Wright & Co. A is not entitled to recover anything from John Rozario. SECTION 41: ACCEPTOR BOUND, ALTHOUGH INDORSEMENT FORGED An acceptor of a bill of.....

Negotiable Instruments Act, 1881 Chapter II

Title: Of Notes, Bills and Cheques

State: Central

Year: 1881

.....to the order of, a certain person or to the bearer of the instrument. A promise or order to pay is not "conditional", within the meaning of this section and section 4, by reason of the time for payment of the amount or any instalment thereof being expressed to be on the lapse of a certain period after the occurrence of a specified event which, according to the ordinary expectation of mankind, is certain to happen, although the time of its happening may be uncertain. The sum payable may be "certain", within the meaning of this section and section 4, although it includes future interest or is payable at an indicated rate of exchange, or is according to the course of exchange, and although the instrument provides that, on default of payment of an instalment, the balance unpaid shall become due. The person to whom it is clear that the direction is given or that payment is to be made may be a "certain person", within the meaning of this section and section 4, although he is mis-named or designated by description only. Section 6 - "Cheque" 1[ 6 . "Cheque" A "cheque" is a bill of exchange dr awn on a specified banker and not expressed to be payable other wise than on.....

The Punjab Industrial Establishment (National and Festival Holidays and Casual and Sick Leave) Act, 1965 Complete Act

State: Punjab

Year: 1965

.....means the Government of the State of Punjab; (e) Industrial establishment" means" (i) any factory as defined in clause (m) of section 2 of the Factories Act, 1948 (Central Act 63 of 1948), or any place which is deemed to be a factory under sub-section (2) of section 85 of that Act; or (ii) any plantation as defined in clause (f) of section 2 of the Plantation Labour Act, 1951 (Central Act 69 of 1951); (f) "inspector" means and Inspector appointed under sub-section (1) of section 7; (g) "prescribed" means prescribed by rules made under this Act; (h) "wages" means all remuneration (whether by way of salary, allowances or otherwise) expressed in terms of money or capable of being so expressed which would, of the term of employment, express or implied where fulfilled, be payable to a worker in respect of his employment or of work done in such employment, but does not include: (a) any bonus; (b) the value of any house accommodation, supply of light, water, medical facilities or other amenity or of any service or of any confessional supply of food grains or other articles; (c) any contribution paid or payable by the employer: - (i) to any pension or provident fund, and the.....

Bombay Civil Courts Act, 1869 Complete Act

State: Maharashtra

Year: 1869

.....of Gujarat" for the words "State of Bombay", Guj. A.L.O. 1960. The Act, however, ceases to apply to the City of Ahmedabad- see Ahmedabad City Courts Act, 1961 (Guj.Act 19 of 1961), S. 19 [w.e.f. 4-11- 1961]. 3. Substituted for the words 'Royal Arms' by Bom Act 22 of 1949, S. 3. 4. Substituted lor the words "Joint Judge" by the Bombay Civil Courts (Amendment) Act (27 of 1984), S. 2(b) (27-9-1984). Amendments made by this clause are consequential as the rules of grammar may require. 6. Substituted for the words "Assistant Judge'' by the Bombay Civil Courts (Amendment) Act (27 of 1984), S. 2(a) (27-9-1984). Amendments made by this clause are consequential as the rules of grammar may require. 9. See foot note [a] under S. 12 supra. 14. Substituted for the words "original suits of which the subject-matter does not amount to forty thousand rupees in amount or value" by the Bom Civil Courts (Amendment) Act. 1982 (Maha. Act 10 of 1983). S.2(a) (1-1-1984). 15. Inserted by Bom Act 1 of 1900, S. 2. 16. Words "not being of the nature of appeals." omitted by Bom. Act 94 of 1958, S. 4(1-4-1959). 17. Substituted for the words "twenty five thousand rupees" by Bombay Civil Courts (Amendment).....

Bombay Civil Courts Act, 1869, (Maharashtra) Section 43

Title: Sittings of Courts

State: Maharashtra

Year: 1869

The District and Subordinate Courts shall sit from day to day except on Sundays,1* * * * * and such other days as may be sanctioned for each or every district by the High Court. Vacation The High Court may also permit the Civil Courts under its control to adjourn for a period or periods not exceeding in the whole six weeks in each year. ______________________ 1. The words "New Year's Day, Good Friday and Christmas Day" were deleted by Mah. 10 of 1983, s. 5.

Sick Textile Undertakings (Taking over of Management) Act, 1972 Section 4

Title: Management of Sick Textile Undertakings to Vest in Central Government on the Appointed Day

State: Central

Year: 1972

.....in the First Schedule shall Vest in the Central Government. (2) If, after the commencement of this Act, any investigation is ordered, under section 15 or section 15A of the Industries (Development and Regulation) Act, 1951, 65 of 1965 in relation to any textile undertaking, and it is reported after such investigation that the management of such textile undertaking ought to be taken over under section 18A of that Act, the Central Government may, if it is satisfied after consideration of such report and other relevant matters that such undertaking ought to be declared to be a sick textile undertaking, make a declaration to that effect and further declare that the management of such textile undertaking ought to be taken over by it under this Act and on and from the date of such declaration, (i) the textile undertaking specified in such declaration shall be deemed to be a sick textile undertaking, (ii) the management of such textile undertaking shall be deemed, for the purposes of this Act, to vest in the Central Government,and (iii) the textile undertaking and the textile company owning itshall be deemed to be included in the First Schedule, and thereupon the.....

Companies Act, 1956 Section 74

Title: Manner of Reckoning Fifth, Eighth and Tenth Days in Sections 72 and 73

State: Central

Year: 1956

In reckoning for the purposes of sections 72 and 73 the fifth day,1[or the eighth day] after another day, any intervening day which is a public holiday under the Negotiable Instruments Act, 1881 (56 of 1981), shall be disregarded, and if the fifth1[or eighth day] (as so reckoned) is itself such a public holiday there shall for the said purposes be substituted the first day thereafter which is not such other day. _____________________ 1. Substituted by Act 31 of 1988, Section 11, for "the eighth day, or the tenth day" (w.e.f. 15-6-1988).