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Home Bare Acts Phrase: commenceChit Funds Act, 1982 Chapter II
Title: Registration of Chits, Commencement and Conduct of Chit Business
State: Central
Year: 1982
.....foreman; (b) his methods of operation; (c) the interests of prospective subscribers; (d) the requirements as to security; and (e) such other factors as the circumstances of the case may require. (3) The amount of discount referred to in clause (f) of sub-section (1) shall not exceed1[forty per cent.] of the chit amount. (4) Where the prized subscriber at any instalment of the chit is required to be determined by auction and more than one person offer the maximum discount, the prized subscriber shall be determined by lot. ______________________ 1. Substituted for the words "thirty per cent" by The Chit Funds (Amdt.) Act, 2001. w.e.e. 01.10.2001 Section 7 - Filing of chit agreement (1) Every chit agreement shall be filed in duplicate by the foreman with Registrar. (2) The Registrar shall retain one copy of the chit agreement and return the duplicate to the foreman with an endorsement that the chit agreement has been registered: Provided that the Registrar may refuse to register the chit agreement on any one or more of the following grounds, namely: (a) that the security offered by the foreman under section 20 is insufficient; (b) that the foreman had.....
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 149
Title: Restrictions on Commencement of Business
State: Central
Year: 1956
.....of the Companies (Amendment) Act, 1965 (31 of 1965), in relation to any of the objects staled in its memorandum in pursuance of clause (c) of sub-section (1) of section 13; (b) if such company, is a company formed after such commencement in relation to any of the objects stated in its memorandum in pursuance of sub-clause (ii) of clause (d) of sub-section (1) of the said section, unless- (i) the company has approved of the commencement of any such business by a special resolution passed in that behalf by its general meeting; and (ii) there has been filed with the Registrar a duty verified declaration by1[one of the directors or the secretary or where the company has not appointed a secretary, a secretary in whole time practice] in the prescribed form, that clause (i) or as the case may be, sub-section (2B) has been complied with; and if the company commences any such business in contravention of this sub-section, every person who is responsible for the contravention shall, without prejudice to any other liability, be punishable with fine which may extend to3[five thousand rupees] for every day during which the contravention continues. Explanation. -A company shall.....
View Complete Act List Judgments citing this sectionIndustrial Disputes Act, 1947 Section 25P
Title: Special Provision as to Restarting Undertakings Closed Down Before Commencement of the Industrial Disputes (Amendment) Act, 1976
State: Central
Year: 1947
.....Notwithstanding anything contained in sub-section (1) the appropriate Government may, either on its own motion or on the application made by the employer and after giving the employer and the workmen an opportunity of being heard, review its order under sub-section (1) or refer the matter to a Tribunal for adjudication: Provided that where a reference has been made to a Tribunal under this subsection, it shall pass an award within a period of sixty days from the date of such reference and, pending such award, the undertaking shall not be closed down." ________________________ 1. Vide Rajasthan Act 8 of 1984, sections 7 and 8 (w.e.f. 14-4-1984). 2. Vide West Bengal Act 33 of 1989, section 6 (w.e.f. 8-12-1989).
View Complete Act List Judgments citing this sectionColonial Courts of Admiralty Act, 1890 Section 16
Title: Commencement of Act
State: Central
Year: 1890
.....Act. (3) If, on the commencement of this Act in any British possession, rules of Court have not been approved by Her Majesty in pursuance of this Act, the rules in force at such commencement under the Vice-Admiralty Courts Act, 1863, and in India the rules in force at such commencement regulating the respective Vice-Admiralty Courts or Courts of Admiralty in India, including any rules made with reference to proceedings instituted on behalf of Her Majesty's ships, shall, so far as applicable, have effect in the Colonial Courts or Courts of Admiralty of such possession, and in any Vice-Admiralty Court established under this Act in that possession, as rules of Court under this Act, and may be revoked and varied accordingly; and all fees payable under such rules may be taken in such manner as the Colonial Court may direct, so however that the amount of each such fee shall so nearly as practicable be paid to the same officer or person who but for the passing of this Act would have been entitled to receive the same in respect of like business. So far as any such rules are inapplicable or do not extend, the rules of Court for the exercise by a Court of its ordinary civil jurisdiction.....
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 276
Title: Choice to Be Made by Director of More Than Fifteen Companies at Commencement of Act
State: Central
Year: 1956
.....the Central Government. ( 2 ) Any resignation made in pursuance of clause (b) of sub-section ( 1 ) shall become effective immediately on the dispatch thereof to the company concerned. ( 3 ) No such person shall act as director - (a) in more than1[fifteen] companies, after the expiry of two months from the commencement of2[the Companies (Amendment) Act, 2000 ]; or (b) of any company after dispatching the resignation of hi s office as director thereof, in pursuance of clause (b) of sub-section ( 1 ). ______________________ 1. Substituted by Act 53 of 2000, sec. 134, for "twenty" (w.e.f. 13-12-2000). 2. Substituted by Act 53 of 2000, sec. 134, for "this Act" (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 441
Title: Commencement of Winding Up by Tribunal
State: Central
Year: 1956
Commencement of winding up 1[441. Commencement of winding up by Tribunal ( 1 ) Where, before the presentation of a petition for the winding up of a company by the Tribunal, a resolution has been passed by the company for voluntary winding up, the winding up of the company shall be deemed to have commenced at the time of the passing of the resolution, and unless the Tribunal, on proof of fraud or mistake, thinks fit to direct otherwise, all proceedings taken in the voluntary winding up sh all be deemed to have been validly taken. ( 2 ) In any other case, the winding up of a company by the Tribunal shall be deemed to commence at the time of the presentation of the petition for the winding up. ] ____________________ 1. Substituted by Act 11 of 2003, Section 56, for Section 441 (See Annexe).
View Complete Act List Judgments citing this sectionJuvenile Justice (Care and Protection of Children) Act, 2000 Section 64
Title: Juvenile in Conflict with Law Undergoing Sentence at Commencement of This Act
State: Central
Year: 2000
..... Explanation.--In all cases where a juvenile in conflict with law is undergoing a sentence of imprisonment at any stage on the date of commencement of this Act, his case including the issue of juvenility, shall be deemed to be decided in terms of clause (l) of section 2 and other provisions contained in this Act and the rules made thereunder, irrespective of the fact that he ceases to be a juvenile on or before such date and accordingly he shall be sent to the special home or a fit institution, as the case may be, for the remainder of the period of the sentence but such sentence shall not in any case exceed the maximum period provided in section 15 of this Act.] ___________________________________________________ 1. Inserted by the Juvenile Justice (Care and Protection of Children) Amendment Act, 2006, dated 22.08.06. 2. Substituted for the words "may direct" by the Juvenile Justice (Care and Protection of Children) Amendment Act, 2006, dated 22.08.06
View Complete Act List Judgments citing this sectionGovernment of India Act, 1935 [Repealed] Section 283
Title: Liability for Pensions in Respect of Service Before Commencement of Part Iii
State: Central
Year: 1935
.....that Auditor's staff, or partly in respect of service on theestablishment of the Secretary of State in Council or as a member of thatAuditor's staff and partly in respect of service as a member of the staff of theHigh Commissioner for India shall be a liability of the Government of theFederation, and these allowances and gratuities shall be charged upon therevenues of the Federation. (2)The provisions of sub-section (1) of this section shall also apply to so much ofany super annuation allowances, compensation allowances, retiring allowances,additional allowances, and gratuities awarded after the commencement of Part IIIof this Act to persons not transferred by the last but one preceding section asis attributable to such service before the commencement of Part III of this Actas is mentioned in the said sub- section (1). ________________________ 1.Omitted, by the India (Provisional Constitution) Order, 1947,
View Complete Act List Judgments citing this sectionGovernment of India Act, 1935 [Repealed] Part XIV
Title: Commencement, Repeals, Etc.
State: Central
Year: 1935
.....ment of India Act, 1919.2 (b)without prejudiceto any other provisions of this Act, to the provisions of the Government ofBurma Act, 1935,3 and to the provisions of the Interpretation Act,1889,4 relating to the effect of repeals this repeal shall not affectany appointment made under any enactment so repealed to any office, and any suchappointment shall have effect as if it were an appointment to the correspondingoffice under this Act or the Government of Burma Act, 1935. _______________________ 1.Except portion of s. 67 (2), see Government of India (Commencement andTransitory Provisions) Order, 1936, para. 12. which has retained the saidsection in force till the establishment of the Federation. 2.(1919) 9 & 10 Geo. V, C. 101. 3.(1935) 26 Geo. V & 1 Edw. VIII, C. 3. 4.(1889) 52 & 53 Vict, C. 63. 1. Omitted by the India (ProvisionalConstitution) Order, 1947.
View Complete Act List Judgments citing this sectionChit Funds Act, 1982 Section 8
Title: Minimum Capital Requirements for the Commencement, Etc., of a Chit, and Creation of a Reserve Fund, by a Company
State: Central
Year: 1982
(1) Notwithstanding anything contained in the Companies Act, 1956 (1 of 1956), but subject to the provisions of this Act, a company shall not commence or carry on chit business unless it has a paid-up capital of not less than rupees one lakh. (2) Every company having a paid-up capital of less than rupees one lakh and carrying on chit business on the commencement of this Act, shall, before the expiry of a period of three years from such commencement, increase its paid-up capital to not less than rupees one lakh: Provided that the State Government may, if it considers it necessary in the public interest or for avoiding any hardship, extend the said period of three years in respect of any company by such further period or periods not exceeding two years in the aggregate: Provided further that no such company shall commence any new chit the duration of which would extend beyond the said period of three years or such extended period or periods under the first proviso unless it increases its paid-up capital to not less than rupees one lakh. (3) Every company carrying on chit business shall create and maintain a reserve fund and shall, out of the balance of profit of each year.....
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