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Capital Issues (Control) Act, 1947 [Repealed] Repealing Act 1

Title: Capital Issues (Control) Repeal Act, 1992

State: Central

Year: 1947

CAPITAL ISSUES (CONTROL) REPEAL ACT ,1992 [Act, No. 26 of 1992] [18th August , 1992] PREAMBLE An Act to repeal the Capital Issues (Control) Act, 1947. BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows: 1. Short title and commencement (1) This Act may be called the Capital Issues (Control) Repeal Act, 1992. (2) It shall be deemed to have come into force on the 29th day of May, 1992. 2. Definition In this Act, "appointed day" means the 29th day of May, 1992. 3. Repeal of Act 29 of 1947 On the appointed day, the Capital Issues (Control) Act, 1947 shall stand repealed. 4. Repeal and saving (1) Capital Issues (Control) Repeal Ordinance, 1992 (Ord.9 of 1992) is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under this Act

Capital Issues (Control) Act, 1947 [Repealed] Preamble 1

Title: Capital Issues (Control) Act, 1947

State: Central

Year: 1947

CAPITAL ISSUES (CONTROL) ACT, 1947 [Act, No. 29 of 1947] [18th April, 1947] PREAMBLE An Act to provide for control over issues of capital. WHEREAS it is expedient to provide for control over issues of capital. IT is hereby enacted as follows:

Capital Issues (Control) Act, 1947 [Repealed] Complete Act

Title: Capital Issues (Control) Act, 1947 [Repealed]

State: Central

Year: 1947

Preamble1 - CAPITAL ISSUES (CONTROL) ACT, 1947 Section1 - Short title, extent and duration Section2 - Definitions of interpretation Section3 - Control over issues of capital Section4 - Control of advertisement of offers of securities for subscription etc. Section5 - Purchase and sale of securities Section6 - Power to exempt and to condone contraventions Section7 - Power to call for information Section8 - False statement Section9 - Prohibition against disclosing Information Section10 - Power to delegate function Section11 - Committee to advise Government Section12 - Power to make rules Section13 - Penalties Section14 - Burden of proof in certain cases Section15 - Protection of action taken under Act Section16 - Continuance of existing orders and savings Repealing Act1 - CAPITAL ISSUES (CONTROL) REPEAL ACT, 1992

Capital Issues (Control) Repeal Act ,1992 Preamble 1

Title: Capital Issues (Control) Repeal Act ,1992

State: Central

Year: 1992

CAPITAL ISSUES (CONTROL) REPEAL ACT ,1992 [Act, No. 26 of 1992] [18th August , 1992] PREAMBLE An Act to repeal the Capital Issues (Control) Act, 1947. BE it enacted by Parliament in the Forty-third Year of the Republic of India as follows:

Capital Issues (Control) Repeal Act ,1992 Complete Act

Title: Capital Issues (Control) Repeal Act ,1992

State: Central

Year: 1992

Preamble1 - CAPITAL ISSUES (CONTROL) REPEAL ACT ,1992 Section1 - Short title and commencement Section2 - Definition Section3 - Repeal of Act 29 of 1947 Section4 - Repeal and saving

Capital Issues (Control) Act, 1947 [Repealed] Section 3

Title: Control over Issues of Capital

State: Central

Year: 1947

.....the consent or recognition accorded under any of the provisions of this section: or (b) Where such consent or recognition has been qualified with any conditions, vary all or any of those conditions: Provided that before an order under this sub-section is made the company concerned shall be given a reasonable opportunity of showing cause why such order should not be made (7) Where an order has been made under sub-section (6), the Central Government shall, upon the request of the company concerned, communicate to it in writing the reasons for such order.] _______________________ 1. Inserted by the Capital Issues (Control) Amendment Act (Act 50 of 1957) w.e.f 21.12.1957.

Capital Issues (Control) Act, 1947 [Repealed] Section 2

Title: Definitions of Interpretation

State: Central

Year: 1947

.....requires, - (a) "Company" means a company as defined in section 3 of the Companies Act, 1956, and includes a foreign company within the meaning of section 591 of that Act; (b) "issue of capital" means the issuing or creation of any securities whether for cash or otherwise, and includes the capitalization of profits or reserves for the purpose of converting partly paid-up shares into fully paid-up shares or increasing the par value of shares already issued; (c) "Private company" means a private company as defined in section 3 of the Companies Act, 1956; (d) "Prospectus" means any prospectus, notice, circular, advertisement or other document inviting offers from the public for the subscription or purchase of any securities of a company; (e) "Securities" means any of the following instruments issued or to be issued, or created or to be created, by or for the benefit of a company, namely: - (i) shares, sks and bonds; (ii) Debentures: (iii) Mortgage deeds, instruments of pawn, pledge or hypothecation and any other instruments, creating or evidencing a charge or lien on the assets of the company; and (iv) Instruments acknowledging loan to or indebtedness of the.....

Companies (Issue of Share Certificates) Rules, 1960 Complete Act

State: Central

Year: 1960

.....issued, the shares to which it relates and the amount paid-up thereon. (2) When any certificate is issued in any of the circumstances specified in rule 4, sub-rule (2), it shall state on the face of it and against the stub or counterfoil to the effect that it is "Issued in lieu of share certificate No ______ sub-divided/replaced/on consolidation of shares". (3) When any certificate is issued in any of the circumstances specified in rule 4, sub-rule (3), it shall state on the face of it and against the stub or counterfoil to the effect that it is a "duplicate issued in lieu of share certificate No. _______ ". Further, the word "duplicate" shall be stamped or punched in bold letters across the face of the share certificate. 6. Sealing and signing of certificate.- Every share certificate shall be issued under the seal of the company, which shall be affixed in the presence of (i) two directors or persons acting on behalf of the directors under a duly registered power of attorney; and (ii) the secretary or some other person appointed by the Board for the purpose. The two directors or their attorneys and the secretary or other person shall sign the share certificate: Provided.....

Capital Issues (Control) Act, 1947 [Repealed] Section 1

Title: Short Title, Extent and Duration

State: Central

Year: 1947

(1) This Act may be called the Capital Issues (Control) Act, 1947. (2) It extends to the whole of India except the State of Jammu and Kashmir, and it applies also to citizens of India outside India. (3)1[****] ______________________ 1. Omitted by the Capital Issues (Continuance of Control) Amendment Act (Act 8 of 1956 w.e.f. 21.03.1965.

Capital Issues (Control) Repeal Act, 1992 Complete Act

State: Central

Year: 1992

.....may be called the Capital Issues (Control) Repeal Act, 1992. (2) It shall be deemed to have come into force on the 29th day of May, 1992. NOTES Commencement of Act.-There are two ways of the laws coming into operation. One way that in the law itself it is laid down that it shall come into force on a particular day. If that is not provided in the Act, then the Act comes into operation on the date of assent. Chandrasekhar Singh v. State of Orissa, (1967) 33 Cut LT 263. SECTION 02: DEFINITION In this Act, "appointed day" means the 29th day of May, 1992. SECTION 03: REPEAL OF ACT 29 OF 1947 On the appointed day, the Capital Issues (Control) Act, 1947 -shall stand repealed. SECTION 04: REPEAL AND SAVING (1) Capital Issues (Control) Repeal Ordinance, 1992 (Ord. 9 of 1992) -is hereby repealed. (2) Notwithstanding such repeal, anything done or any action taken under the Ordinance so repealed shall be deemed to have been done or taken under this Act. Central Bare Acts