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Start Free TrialContingency Fund of India Act, 1950 Section 2
Title: Establishment of the Contingency Fund of India
State: Central
Year: 1950
.....shall be substituted.] ____________________ 1. Section 2 numbered as sub-section (1) by Finance Act, 2005, w.e.f. 13.05.2005. 2 . Substituted by Act 81 of 1976, w.e.f 26.08.1976. 3. Inserted by Finance Act, 2005, w.e.f 13.05.2005. 4. Substituted by The Contingency Fund Of India (Amendment) Act, 1999 (Act 29 of 1999) w.e.f 17.11.1999. Prior to substitution the proviso read as under: "PROVIDED that during the period beginning on the 26th day of December, 1997 and ending on the 23rd day of January, 1998, this section shall have effect subject to the modification that for the words 'fifty crores of rupees', the words 'fourteen thousand seven hundred crores of rupees' shall be substituted: PROVIDED FURTHER that during the period beginning on the 24th day of January, 1998 and ending on the 31st day of March, 1998, this section shall have effect subject to the modification that for the words 'fifty crores of rupees', the words 'thirty-two thousand four hundred and ninety crores of rupees' shall be substituted."
View Complete Act List Judgments citing this sectionContingency Fund Act, 1957 Preamble 1
Title: Karnataka Contingency Fund Act, 1957
State: Karnataka
Year: 1957
THE1[KARNATAKA] CONTINGENCY FUND ACT, 19572 [Act, No. 11 of 1957] [31st March, 1957] An Act to provide for the establishment of a Contingency Fund for the1[State of Karnataka]. WHEREAS clause (2) of article 267 of the Constitution of India provides that the Legislature of a State may by law establish a Contingency Fund in the nature of an imprest; AND WHEREAS it is expedient to establish such a Contingency Fund for the1[State of Karnataka]; BE it enacted by the1[Karnataka] State Legislature in the Eighth Year of the Republic of India as follows:- ______________________________ 1. Adapted by the Karnataka Adaptions of Laws Order 1973 w.e.f. 1-11-1973. 2. First published in the [Karnataka Gazette] on the First Day of April 1957.
View Complete Act List Judgments citing this sectionContingency Fund of India Act, 1950 Complete Act
Title: Contingency Fund of India Act, 1950
State: Central
Year: 1950
Preamble1 - CONTINGENCY FUND OF INDIA ACT, 1950 Section1 - Short title Section2 - Establishment of the Contingency Fund of India Section3 - Custody of the Contingency Fund and withdrawals there from Section4 - Power to make rules
List Judgments citing this sectionContingency Fund Act, 1957 Complete Act
Title: Contingency Fund Act, 1957
State: Karnataka
Year: 1957
Preamble 1 - KARNATAKA CONTINGENCY FUND ACT, 1957 Section 1 - Short title Section 2 - Establishment of a Contingency Fund Section 3 - Custody of the Contingency Fund and withdrawals therefrom Section 4 - Power to make rules
List Judgments citing this sectionContingency Fund of India Act, 1950 Preamble 1
Title: Contingency Fund of India Act, 1950
State: Central
Year: 1950
CONTINGENCY FUND OF INDIA ACT, 1950 [Act, No. 49 of 1950] [14th AUGUST, 1950] PREAMBLE An Act to provide for the establishment and maintenance of Contingency Fund. BE it enacted by Parliament as follows:
View Complete Act List Judgments citing this sectionContingency Fund Act, 1957 Section 2
Title: Establishment of a Contingency Fund
State: Karnataka
Year: 1957
There shall be established for the1[State of Karnataka] a Contingency Fund in the nature of an imprest entitled the Contingency Fund of the1[State of Karnataka], into which shall be paid from and out of the Consolidated Fund of the State a sum of2[eighty crores of rupees]. ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order 1973 w.e.f. 1.11.1973. 2. Substituted by Act 31 of 1985 w.e.f. 12.6.1985.
View Complete Act List Judgments citing this sectionContingency Fund of India Act, 1950 Section 3
Title: Custody of the Contingency Fund and Withdrawals there from
State: Central
Year: 1950
The Contingency Fund of India shall be held on behalf of the President by a Secretary to the Government of India in the Ministry of Finance, and no advances shall be out of such fund except for the purposes of meeting unforeseen expenditure pending authorization of such expenditure by Parliament under appropriations made by law.
View Complete Act List Judgments citing this sectionContingency Fund Act, 1957 Section 3
Title: Custody of the Contingency Fund and Withdrawals Therefrom
State: Karnataka
Year: 1957
The Contingency Fund of the1[State of Karnataka] shall be held on behalf of the Governor by the Secretary to the1[Government of Karnataka] in the Department of Finance, and no advances shall be made out of such Fund except for the purposes of meeting unforeseen expenditure pending authorisation of such expenditure by the State Legislature under appropriation made by law. ______________________________ 1. Adapted by the Karnataka Adaptations of Laws Order 1973 w.e.f. 1.11.1973.
View Complete Act List Judgments citing this sectionIndian Succession Act, 1925 Chapter 20
Title: Of Bequests of Annuities
State: Central
Year: 1925
.....his life purchased for him or to receive such a sum as Will be sufficient for the purchase of such an annuity. (ii) A bequeaths a fund to B for his life, and directs that after B's death, it shall be laid out in the purchase of an annuity for C. B and C survive the testator. C dies in B's lifetime. On B's death the fund belongs to the representative of C. Section 175 - Abatement of annuity Where an annuity is bequeathed, but the assets of the testator are not sufficient to pay all the legacies given by the Will, the annuity shall abate in the same proportion as the other pecuniary legacies given by the Will. Section 176 - Where gift of annuity and residuary gift, whole annuity to be first satisfied Where there is a gift of an annuity and a residuary gift, the whole of the annuity is to be satisfied before any part of the residue of paid to the residuary legatee, and, if necessary, the capital of the testator's estate shall be applied for that purpose.
View Complete Act List Judgments citing this sectionIncome Tax Act, 1961 Section 80C
Title: Deduction in Respect of Life Insurance Premia, Deferred Annuity, Contributions to Provident Fund, Subscription to Certain Equity Shares or Debentures, Etc.
State: Central
Year: 1961
.....to keep in force a contract for a deferred annuity, not being an annuity plan referred to in clause (xii), on the life of persons specified in sub-section (4): Provided that such contract does not contain a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; (iii) by way of deduction from the salary payable by or on behalf of the Government to any individual being a sum deducted in accordance with the conditions of his service, for the purpose of securing to him a deferred annuity or making provision for his spouse or children, in so far as the sum so deducted does not exceed one-fifth of the salary; (iv) as a contribution by an individual to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies; (v) as a contribution to any provident fund set-up by the Central Government and notified by it in this behalf in the Official Gazette, where such contribution is to an account standing in the name of any person specified in sub-section (4); (vi) as a contribution by an employee to a recognised provident fund; (vii) as a contribution by an employee to an approved superannuation.....
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