Bare Act Search Results

Finance Act, 1995 Complete Act

State: Central

Year: 1995

.....by virtue of holding a capital asset, being a share or any other security within the meaning of clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (hereinafter in this clause referred to as the financial asset), the assessee" (A) becomes entitled to subscribe to any additional financial asset; or (B) is allotted any additional financial asset without any payment. then, subject to the provisions of sub-clauses (i) and (ii) of clause (b)"; (ii) after sub-clause (iii), the following sub-clause shall be inserted, namely :" '(iiia) in relation to the financial asset allotted to the assessee without any payment and on the basis of holding of any other financial asset, shall be taken to be nil in the case of such assessee"; SECTION 15: INSERTION OF NEW SECTION 80DDA After section 80DD of the Income-tax Act, the following section shall be inserted, with effect from the 1st day of April, 1996, namely :" '80DDA. Deduction in respect of deposit made for maintenance of handicapped dependant." (1) In computing the total income of an assessee who is resident in India, being an individual or a Hindu undivided family, there shall be deducted, in accordance with and.....

National Environment Tribunal Act, 1995 Complete Act

Title: National Environment Tribunal Act, 1995

State: Central

Year: 1995

.....fault Section4 - Application for claim for compensation Section5 - Procedure and powers of Tribunal Section6 - Conditions as to making of interim orders Section7 - Reduction of amount of relief paid under any other law Chapter III Section8 - Establishment of National Environment Tribunal Section9 - Composition of Tribunal and Benches thereof Section10 - Qualifications for appointment as Chairperson, Vice-Chairperson or other Member Section11 - Vice-Chairperson to act as Chairperson or to discharge his functions in certain circumstances Section12 - Term of office Section13 - Resignation and removal Section14 - Salaries and allowances and other terms and conditions of service of Chairperson, Vice-Chairperson and other Members Section15 - Provision as to the holding of offices by Chairperson, etc. on ceasing to be such Chairperson, etc Section16 - Financial and administrative powers of Chairperson Section17 - Staff of the Tribunal Section18 - Distribution of business amongst the Benches Chapter IV Section19 - Bar of jurisdiction Section20 - Power of Chairperson to transfer cases from one Bench to another Section21 - Decision to be taken by majority Section22 -.....

National Environment Tribunal Act, 1995 Complete Act

State: Central

Year: 1995

.....and received the assent of the President on 17th June, 1995 and became an Act of Parliament under the short title "THE NATIONAL ENVIRONMENT TRIBUNAL ACT, 1995 (29 OF 1995). An Act to provide for strict liability for damages arising out of any accident occurring while handling any hazardous substance and for the establishment of a National Environment Tribunal for effective and expeditious disposal of cases arising from such accident, with a view to giving relief and compensation for damages to persons, property and the environment and for matters connected therewith or incidental thereto. WHEREAS decisions were taken at the United Nations Conference on Environment and Development held at Rio de Janeiro in June, 1992, in which India participated, calling upon the States to develop national laws regarding liability and compensation for the victims of pollution and other environmental damages; AND WHEREAS it is considered expedient to implement the decisions of the aforesaid Conference so far as they relate to the protection of environment and payment of compensation for damage to persons, property and the environment while handling hazardous substances; BE it enacted by Parliament.....

LEGISLATIVE ASSEMBLY OF MEGHALAYA (MEMBERS' PENSION) AMENDMENT BILL, 1995 Complete Act

State: Meghalaya

Year: 1995

.....who will be drawing pension at any point of time, the additional expenditure will be about rupees twenty lakhs annually. EXTRACT OF RELEVANT SECTIONS OF ACT 6 OF 1977 Pension payable to members 3. (1) With effect from the commencement of this Act, there shall be paid a pension of one thousand rupees per mensem to every person who served for a period of not less than five years whether continuous or not, as a member of the Legislative Assembly. Provided that in the event of early holding of elections where any person has served as such member for a period falling short of five years he shall not be deemed to have served for a complete period of five years if such period falls short by not more than three months:- Provided, further, that even when any person has served as a member of the Legislative Assembly for a period exceeding five years there shall be paid to him an additional pension of rupees one hundred per mensem for every year in excess of the five, however that in no case shall the total pension payable exceed rupees two thousand per mensem. (2) In computing the number of years for the purposes of sub-section (1), the period during which a person has.....

National Environment Tribunal Act, 1995 Section 3

Title: Liability to Pay Compensation in Certain Cases on Principle of No Fault

State: Central

Year: 1995

(1) Where death of, or injury to, any person (other than a workman) or damage to any property or environment has resulted from an accident, the owner shall be liable to pay compensation for such death, injury or damage under all or any of the heads specified in the Schedule. (2) In any claim for compensation under sub-section (1), the claimant shall not be required to plead and establish that the death injury or damage in respect of which the claim has been made was due to any wrongful act, neglect or default or any person. Explanation.For the purposes of this section (i) "workman" has the meaning assigned to it in the Workmen's Compen­sation Act, 1923; (ii) "injury" includes permanent total or permanent partial disability or sickness resulting out of an accident. (3) If the death, injury or damage caused by an accident cannot be attributed to any individual activity but is the combined or resultant effect of several such activities, operation and processes, the Tribunal may apportion the liability for compensation amongst those responsible for such activities, operations and processes on an equitable basis.