Bare Act Search Results

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....on 19-9-1949. This Act now incorporates the provisions contained therein in the Banking Companies Act. 1949 as a pernabebt basis, in addition. this Act also amends the said Act for the following purposes :- (a) to incorporate special provisions for facilitating quick amalgamations between banking companies: (b) to empower the Reserve Bank to control opening of branches by Indian banks in foreign countries: (c) to provide a meaning of the terms "assets in India" for the purpose of section 25.-Gaz. of Ind.. 24-12-1949. Pt. V. p:501. Act 52 of 1953.- The Banking Companies Act. 1949 (X of 1949) was passed to ensure proper administration of the banking companies in India. The liquidation of banks, however, continued to be governed by the provisions of the Indian Companies Act, 1913. Experience of the liquidation of a large number of banks that failed during the post-war and post-partition period disclosed that the procedure for the liquidation of joint stock companies was totally inadequate for the liquidation of banking companies in a manner satisfactory to the depositors. A bank has a far larger number of debtors than a joint stock company of a comparable size, and the necessity to.....

Banking Regulation Act, 1949 Part 5

Title: Application of the Act to Co-operative Banks

State: Central

Year: 1949

.....for the purposes of this section and section 24, specify from time totime, with reference to any transaction or class of transactions, that suchtransaction or transactions shall be regarded as liability in India of aco-operative bank, and, if any question arises to whether any transaction orclass of transactions shall be regarded for the purposes of this section andsection24, as liability in India of a co-operative bank, the decision of theReserve Bank thereon, shall be final."]; (k) for section 19,the following section shall be substituted, namely:- "19. Restriction on holding shares in otherco-operative societies. -No co-operative bank shall hold shares in any otherco-operative society except to such extent and subject to such conditions asthe Reserve Bank may specify in that behalf: Provided that nothing contained in this section shall applyto- (i) shares acquiredthrough funds provided by the State Government for that purpose; (ii) in the case ofa Central co-operative bank, the holding of shares in the State co-operativebank to which it is affiliated; (iii) in the case ofa primary co-operative bank, the holding of shares in the Central co-perativebank to which it.....

Banking Regulation Act, 1949 Section 56

Title: Act to Apply to Co-operative Societies Subject to Modifications

State: Central

Year: 1949

.....for the purposes of this section and section 24, specify from time totime, with reference to any transaction or class of transactions, that suchtransaction or transactions shall be regarded as liability in India of aco-operative bank, and, if any question arises to whether any transaction orclass of transactions shall be regarded for the purposes of this section andsection24, as liability in India of a co-operative bank, the decision of theReserve Bank thereon, shall be final."]; (k) for section 19,the following section shall be substituted, namely:- "19. Restriction on holding shares in otherco-operative societies. -No co-operative bank shall hold shares in any otherco-operative society except to such extent and subject to such conditions asthe Reserve Bank may specify in that behalf: Provided that nothing contained in this section shall applyto- (i) shares acquiredthrough funds provided by the State Government for that purpose; (ii) in the case ofa Central co-operative bank, the holding of shares in the State co-operativebank to which it is affiliated; (iii) in the case ofa primary co-operative bank, the holding of shares in the Central co-perativebank to which it.....

Insecticides Act, 1968 Complete Act

State: Central

Year: 1968

INSECTICIDES ACT, 1968 INSECTICIDES ACT, 1968 46 of 1968 2nd September, 1968 An Act to regulate the import, manufacture, sale, transport, distribution and use of insecticides with a view to prevent risk to human beings or animals, and for matters connected therewith Be it enacted by Parliament in the Nineteenth Year of the Republic of India as follows: SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Insecticides Act, 1968. (2) It extends to the whole of India. (3)'lt shall come into force on such date1as the Central Government may, by notification in the official Gazette, appoint and different dates may be appointed for different States2. SECTION 02: APPLICATION OF OTHER LAWS NOT BARRED The provisions of this Act shall be in addi- tion to, and not in derogation of, any other law for the time being in force. SECTION 03: DEFINITIONS In this Act, unless the context otherwise requires,- (a) "animals" means animals useful to human beings and includes fish and fowl, and such kinds of wild life as the Central Government may, by notification in the official Gazette, specify, being kinds which in its opinion, it is desirable to protect or.....

The Bombay Cotton (Statistics) Act, 1946 Complete Act

State: Maharashtra

Year: 1946

.....; (f) the expressions "cotton ginning factory" and "cotton pressing factory" have the meanings assigned to them by the Cotton Ginning and Pressing Factories Act, 1925. *************************************************************************************** 1. Sub-section(2) was substituted for the original, by Mah. 4 of 1961, s. 4. 2. This word was substituted for the word "Provincial" by the Adaptation of Laws Order, 1950. 3. The words "State of Bombay" were omitted by the Bombay Adaptation of Laws (State and Concurrent Subjects) Order, 1956. *************************************************************************************** SECTION 03: DELIVERY OF YEARLY RETURNS OF COTTON (l) Every trader and every owner shall on or before 15th September each year submit to the Director, through such officer as the '[State] Government may by notification in the Official Gazette from time to time specify, a return in the prescribed form of the quantity of cotton in his possession on the last day of the previous year : Provided that the 1[State] Government may, in any year by notification in the Official Gazette, fix any later date for the submission of returns. (2) Every return.....

Religious Institutions (Prevention of Misuse) Act, 1988 Section 7

Title: Penalties

State: Central

Year: 1988

Where any religious institution or manager thereof contravenes the provisions of Section 3, Section 4, Section 5 or Section 6, the manager and every person connected with such contra­vention shall be punishable with imprisonment for a term which may extend to five years and with fine which may extend to ten thousand rupees.

Water (Prevention and Control of Pollution) Act, 1974 Chapter 7

Title: Penalties and Procedure

State: Central

Year: 1974

.....of an offence punishable under this Act. ________________________ 1. Substituted by Act 53 of 1988, section 26, for sub-section (1) (w.e.f. 29-9-1988). 2. Inserted by Act 53 of 1988, section 26 (w.e.f. 29-9-1988). 3. Sub-section (2) renumbered as sub-section (3) by Act 53 of 1988, section 26 (w.e.f. 29-9-1988). 4. Substituted by Act 44 of 1978, section 19, for certain words. Section 50 - Members, officers and servants of Board to be public servants All members, officers and servants of a Board when acting or purporting to act in pursuance of any of the provisions of this Act and the rules made thereunder shall be deemed to be public servants within the meaning of section 21 of the Indian Penal Code (45 of 1860).

Water (Prevention and Control of Pollution) Act, 1974 Section 44

Title: Penalty for Contravention of Section 25 or Section 26

State: Central

Year: 1974

Whoever contra­venes the provisions of section 25 or section 26 shall be punishable with imprisonment for a term which shall not be less than1[one year and six months] but which may extend to six years and with fine. ____________________ 1. Substituted by Act 53 of 1988, section 23, for "six months" (w.e.f 29-9-1988) .

Bombay Electricity Duty Act, 1958, (Maharashtra) Section 3

Title: Duty on Units of Energy Consumed

State: Maharashtra

Year: 1958

.....educational purposes" means only for imparting education is not correct. There is no justification for such a narrow construction of the exemption enacted in section 3(2)(a)(iii). It was held that the premises were exempt from duty under section 3(2)(a)(iii).-Dr. G. Bendale v. State of Maharashtra, 1970 Man. L. J. 313 : 72 Bom. L. R. 47. Whether a cold storage is commercial undertaking.-It is a commercial undertaking and not industrial one. Therefore, electricity duty is to be paid under Part B and not under Part G.-Pashupati Trading Company Put. Ltd. v. Electrical Inspector & Ors.. 1981 Mah. L. J. 747. Section 3.-It amends section 3 of the principal Act so as to lay down that electricity duty shall not be leviable on electrical energy consumed in respect of hospitals, nursing homes, dispensaries or premises used for educational purposes, when they are not maintained for private gain. It also exempts from such duty any industrial purpose or process in respect of any new industrial undertaking in Vidarbha region, Hyderabad area, Kolaba and Ratnagiri Districts and in Thana District (excluding the portion adjoining Greater Bombay encircled by Thana and Bassin Creek) for a.....

Depositories Act, 1996 Complete Act

State: Central

Year: 1996

.....of a depository. (2) Words and expressions used herein and not defined but defined in the Companies Act, 1956 (1 of 1956) or the Securities Contracts (Regulation) Act, 1956 (42 of 1956) or the Securities and Exchange Board of India Act, 1992 (15 of 1992), shall have the meanings respectively assigned to them in those Acts. SECTION 03: CERTIFICATE OF COMMENCEMENT OF BUSINESS BY DEPOSITORIES. (1) No depository shall act as a depository unless it obtains a certificate of commencement of business from the Board. (2) A certificate granted under sub-section (1) shall be in such form as may be specified by the regulations. (3) The Board shall not grant a certificate under sub-section (1) unless it is satisfied that the depository has adequate systems and safeguards to prevent manipulation of records and transactions : Provided that no certificate shall be refused under this section unless the depository concerned has been given a reasonable opportunity of being heard. SECTION 04: AGREEMENT BETWEEN DEPOSITORY AND PARTICIPANT. (1) A depository shall enter into an agreement with one or more participants as its agent. (2) Every agreement under sub-section (1) shall be in such form as.....