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Home Bare Acts Phrase: clear sightedNegotiable Instruments Act, 1881 Section 21
Title: "at Sight", "on Presentment", "after Sight"
State: Central
Year: 1881
In a promissory note or bill of exchange the expressions "at sight" and "on presentment" means on demand. The expression "after sight" means, in a promissory note, after presentment for sight, and, in a bill of exchange after acceptance, or noting for non-acceptance, or protest for non-acceptance.
View Complete Act List Judgments citing this sectionNegotiable Instruments Act, 1881 Section 23
Title: Calculating Maturity of Bill or Note Payable So Many Months After Date or Sight
State: Central
Year: 1881
In calculating the date at which a promissory note or bill of exchange, made payable at stated number of months after date or after sight, or after a certain event, is at maturity, the period stated shall be held to terminate on the day of months which corresponds with the day on which the instrument is dated, or presented for acceptance or sight, or noted for non-acceptance, or protested for non-acceptance, or the event happens, or, where the instrument is a bill of exchange made payable a stated number of months after sight and has been accepted for honour, with the day on which it was so accepted. If the month in which the period would terminate has no corresponding day, the period shall be held to terminate on the last day of such month. Illustrations (a) A negotiable instrument dated 29th January, 1878, is made payable at one month after date. The instrument is at maturity on the third day after the 28th February, 1878. (b) A negotiable instrument, dated 30th August, 1878, is made payable three months after date. The instrument is at maturity on the 3rd December, 1878. (c) A promissory note or bill of exchange, dated 31st August, 1878, is made payable three months a
View Complete Act List Judgments citing this sectionNegotiable Instruments Act, 1881 Section 24
Title: Calculating Maturity of Bill or Note Payable So Many Days After Date or Sight
State: Central
Year: 1881
In calculating the date at which a promissory note or bill of exchange made payable a certain number of days after date or after sight or after a certain event is at maturity, the day of the date, or of presentment for acceptance or sight, or of protest for non-acceptance, or on which the event happens, shall be excluded.
View Complete Act List Judgments citing this sectionNegotiable Instruments Act, 1881 Section 62
Title: Presentment of Promissory Note for Sight
State: Central
Year: 1881
A promissory note, payable at a certain period after sight must be presented to the maker thereof for sight (if he can after reasonable search be round) by a person entitled to demand payment, within a reasonable time after it is made and in business hours on a business day. In default of such presentment, no party thereto is liable thereon to the person making such default.
View Complete Act List Judgments citing this sectionNegotiable Instruments Act, 1881 Section 66
Title: Presentment for Payment of Instrument Payable After Date or Sight
State: Central
Year: 1881
A promissory note or bill of exchange, made payable at a specified period after date or sight thereof, must be presented for payment at maturity.
View Complete Act List Judgments citing this sectionSecurities Contracts Regulation Act, 1956 (42 of 1956) Section 8A
Title: Clearing Corporation
State: Central
Year: 1956
.....make bye-laws and submit the same to the Securities and Exchange Board of India for its approval. (3) The Securities and Exchange Board of India may, on being satisfied that it is in the interest of the trade and also in the public interest to transfer the duties and functions of a clearing house to a clearing corporation, grant approval to the bye-laws submitted to it under sub-Section (2) and approve transfer of the duties and functions of a clearing house to a clearing corporation referred to in sub-Section (1). (4) The provisions of Sections 4, 5, 6, 7, 8, 9, 10, 11 and 12 shall, as far as may be, apply to a clearing corporation referred to in sub-Section (1) as they apply in relation to a recognised stock exchange.".] _________________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004
View Complete Act List Judgments citing this sectionSlum Areas (Improvement and Clearance) Act, 1973 Section 13
Title: Power to Clear Slum Clearance Areas
State: Karnataka
Year: 1973
If any slum clearance area is not cleared or the buildings demolished before the expiration of the period mentioned in section 12 the prescribed authority shall enter and clear the area and demolish the buildings and subject to the provisions of section 61, sell the materials thereof.
View Complete Act List Judgments citing this sectionSarais Act, 1867 Section 9
Title: Power to Shut Up Secure Clear and Clean Deserted Sars
State: Central
Year: 1867
If any sarai by reason of abandonment or of disputed ownership shall remain untenanted, and thereby become a resort of idle and disorderly persons, or become in a filthy or unwholesome state, or be complained of by any two or more of the neighbours as a nuisance, the Magistrate of the District, after due enquiry, may cause notice in writing to be Vienna to the owner or to the person claiming to be the owner, if he be known and resident within the district, and may also cause such notice to be put on some conspicuous part of the sarai, requiring the persons concerned therein, whoever they may be, to secure, enclose, clean or clear the same; and if such requisition shall not be complied with eight days, the Magistrate of the District may cause the necessary work to be executed, and all expenses thereby incurred shall be paid by the owner of the sarai and shall be recoverable like penalties under this Act, or, in case of abandonment or disputed ownership of the sarai, by the sale of any material found therein.
View Complete Act List Judgments citing this sectionPayment and Settlement Systems Act 2007 Section 34
Title: Act Not to Apply to Stock Exchanges or Clearing Corporations of Stock Exchanges
State: Central
Year: 2007
Nothing contained in this Act shall apply to stock exchanges or the clearing corporations of the stock exchanges.
View Complete Act List Judgments citing this sectionCustoms Act, 1962 Section 48
Title: Procedure in Case of Goods Not Cleared, Warehoused, or Transhipped Within Thirty Days After Unloading
State: Central
Year: 1962
If any goods brought into India from a place outside India are not cleared for home consumption or warehoused or transhipped1[within2[thirty days from the date of the unloading thereof at a customs station or within such further time as the proper officer may allow or if the title to any imported goods is relinquished, such goods may, after notice to the importer and with the permission of the proper officer be sold by the person having the custody thereof : Provided that -- ( a) animals, perishable goods and hazardous goods, may, with the permission of the proper officer, be sold at any time; ( b) arms and ammunition may be sold at such time and place and in such manner as the Central Government may direct. Explanation. --In this section, "arms" and "ammunition" have the meanings respectively assigned to them in the Arms Act, 1959 (54 of 1959). ________________________ 1. Substituted by Act 80 of 1985, section 4, for "within two months" (w.e.f. 27-12-1985). 2. Substituted by Act 55 of 1991, section 4, for "forty-five days" (w.e.f. 23-12-1991).
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