Bare Act Search Results

The Orissa Cooperative Land Mortgage Bank Act, 1938 Complete Act

State: Orissa

Year: 1938

.....of powers by managing committee. 39. Managing committee's power of making regulations. 40. Amendment of section 89 of the Indian Regulation Act, 1903. Orissa Act III of 1938. THE ORISSA CO-OPERATIVE LAND MORTGAGE BANK ACT, 1938. [The assent of the Governor to the Act was published in the Orissa Gazette of the 18th March 1938.] An Act to Facilitate the Working of a Co-Operative Land Mortgage Bank in the Province of Orissa. Preamble. Bihar and Orissa Act VI of 1935. Madras Act VI of 1932. WHEREAS it is expedient to supplement the provisions of the Bihar and Orissa Co-operative Societies Act, 1935, and the Madras Cooperative Societies Act, 1932, which are in force in different parts of the Province of Orissa in order to facilitate the working of a Co-operative Land Mortgage Bank in the Province with a view to provide for the grant of long term loans to proprietors of estates and owners of land or other immovable property, to enable them to discharge their debts, to carry out agricultural improvements, to acquire land for the formation of economic holdings and other like purposes and thereby to promote thrift and self-help among them; It is hereby enacted as follows:- .....

The Redemption of Mortgages (Punjab) Act, 1913 Complete Act

State: Punjab

Year: 1913

.....shall mean prescribed by rules made under this Act. Application of certain sections of Punjab Tenancy Act. 3. Subject to the provisions of this Act and the rules thereunder, the provisions of sections 79, 85, 86, 87, 89, 90, 91, 92 and 101, of the Punjab Tenancy Act, 1887, shall, so far as may be, apply to all proceedings of a Collector under this Act. Petition of redemption 4. The mortgagor or other person entitled to institute a suit for redemption may, at any time after the principal money becomes payable and before a suit for redemption is barred, present a petition to the Collector applying for an order directing that his mortgage be redeemed, and where the mortgage is with possession that he be put in possession of the mortgaged property. The petition shall be duly verified in the manner prescribed by law for the verification of plaints, and shalll state the sum which the petitioner declares to the best of his belief to be due under the mortgage. The petitioner shall at the same time deposit such sum with the Collector. Particulars to be contained in petition: 5. The petitioner shall state in his petition such particulars and file therewith such documents as.....

The Punjab Restitution of Mortgaged Lands Act, 1938 Complete Act

State: Punjab

Year: 1938

THE PUNJAB RESTITUTION OF MORTGAGED LANDS ACT, 1938 THE PUNJAB RESTITUTION OF MORTGAGED LANDS ACT, 1938 PUNJAB ACT NO. 4 OF 1938 CONTENTS Section Subject 1. Short title, extent and commencement 2. Application of the Act to subsisting mortgage effected prior to 8th June, 1901 3. Definitions 4. Petition for restitution 5. Procedure for dealing with petitions for restitution 6. Petition when to be dismissed. 7. Power of the Collector to declare and enforce orders in favour of mortgagor and to grant compensation to mortgagee in certain case. 8. Effect of order of restitution, when compensation is payable. 9. Power of the Collector to eject mortgagee. 10. Appeals 10A Revision 11. Limitation of appeal. 12. Jurisdiction of Civil Courts barred. 13. Rule-making power. THE PUNJAB RESTITUTION OF MORTGAGED LANDS ACT, 1938 PUNJAB ACT NO. 4 OF 1938 [Received the assent of His Excellency the Governor on the Ist September 1938, and was first published in the PUNJAB GAZETTE.....

The Kerala Cooperative Land Mortgage Banks (Amendment) Act, 1983 [1] Complete Act

State: Kerala

Year: 1983

THE KERALA CO-OPERATIVE LAND MORTGAGE BANKS (AMENDMENT) ACT, 1983 [1] THE KERALA CO-OPERATIVE LAND MORTGAGE BANKS (AMENDMENT) ACT, 1983 [1] An Act further to amend the Kerala Co-operative Land Mortgage Banks Act, 1960. Preamble. "WHEREAS it is expedient further to amend the Kerala Co-operative Land Mortgage Banks Act, 1960, for the purposes hereinafter appearing; BE it enacted in the Thirty-fourth Year of the Republic of India as follows: " 1. Short title and commencement. "(1) This Act may be called the Kerala Co-operative Land Mortgage Banks (Amendment) Act, 1983. It shall come into force at once. 2. Insertion of new section 4B."After section 4A of the Kerala Co-operative Land Mortgage Banks Act, 1960 (1 of 1960) (hereinafter referred to as the principal Act), the following section shall be inserted, namely:" "4B. Issue of debentures by Board to other bodies approved by Government ."(1) Notwithstanding anything contained in section 4, the Board may with the previous sanction of the Trustee and subject to such conditions as the Government may think fit to impose, issue debentures of one or more denomination or denominations, without the security of the mortgages and.....

Companies Act, 2013, Section 285

Title: Settlement of List of Contributories and Application of Assets

State: Central

Year: 2013

.....for the preceding one year or more before the commencement of the winding up; (b) a person who has been a member shall not be liable to contribute in respect of any debt or liability of the company contracted after he ceased to be a member; (c) no person who has been a member shall be liable to contribute unless it appears to the Tribunal that the present members are unable to satisfy the contributions required to be made by them in pursuance of this Act; (d) in the case of a company limited by shares, no contribution shall be required from any person, who is or has been a member exceeding the amount, if any, unpaid on the shares in respect of which he is liable as such member; (e) in the case of a company limited by guarantee, no contribution shall be required from any person, who is or has been a member exceeding the amount undertaken to be contributed by him to the assets of the company in the event of its being wound up but if the company has a share capital, such member shall be liable to contribute to the extent of any sum unpaid on any shares held by him as if the company were a company limited by shares.

Companies Act, 1956 Section 467

Title: Settlement of List of Contributories and Application of Assets

State: Central

Year: 1956

(1) As soon as may be after making a winding up order, the 1 [Tribunal] shall settle a list of contributories, with power to rectify the register of members in all cases where rectification is required in pursuance of this Act, and shall cause the assets of the company to be collected and applied in discharge of its liabilities: Provided that, where it appears to the 1 [Tribunal] that it will not be necessary to make calls on, or adjust the rights of, contributories, the 1 [Tribunal] may dispense with the settlement of a list of contributories. (2) In settling the list of contributories, the 1 [Tribunal] shall distinguish between those who are contributories in their own right and those who are contributories as being representatives of, or liable for the debts of, others. _____________________ 1. Substituted by Act 11 of 2003, Section 73, for "Court".

Companies Act, 1956 Section 430

Title: Contributories in Case of Death of Member

State: Central

Year: 1956

(1) If a contributory dies either before or after he has been placed on !he list of contributories, his legal representatives shall be liable in a due course of administration, to contribute to the assets of the company in discharge of his liability, and shall be contributories accordingly. (2) If the legal representatives make default in paying any money ordered to be paid by them, proceedings may be taken for administering the estate of the deceased contributory and compelling payment thereout of the money due. (3) For the purposes of this section, where the deceased contributory was a member of a Hindu joint family governed by the Mitakshara School of Hindu Law, his legal representatives shall be deemed to include the surviving coparceners.

Companies Act, 1956 Section 585

Title: Contributories in Winding Up of Unregistered Company

State: Central

Year: 1956

(1) In the event of an unregistered company being wound up, every person shall be deemed to be a contributory, who is liable to pay, or contribute to the payment of, (a) any debt or liability of the company; or (b) any sum for the adjustment of the rights of the members among themselves; or (c) the costs, charges and expenses of winding up the company. (2) Every contributory shall be liable to contribute to the assets of the company all sums due from him in respect of any liability to pay or contribute as aforesaid. (3) In the event of the death or insolvency of any contributory, the provisions of this Act with respect to the legal representatives of deceased contributories, or with respect to the assignees of insolvent Contributories, as the case may be, shall apply.

Companies Act, 2013, Section 295

Title: Payment of Debts by Contributory and Extent of Set

State: Central

Year: 2013

(1) The Tribunal may, at any time after passing of a winding up order, pass an order requiring any contributory for the time being on the list of contributories to pay, in the manner directed by the order, any money due to the company, from him or from the estate of the person whom he represents, exclusive of any money payable by him or the estate by virtue of any call in pursuance of this Act. (2) The Tribunal, in making an order, under sub-section (1), may,-- (a) in the case of an unlimited company, allow to the contributory, by way of set-off, any money due to him or to the estate which he represents, from the company, on any independent dealing or contract with the company, but not any money due to him as a member of the company in respect of any dividend or profit; and (b) in the case of a limited company, allow to any director or manager whose liability is unlimited, or to his estate, such set-off. (3) In the case of any company, whether limited or unlimited, when all the creditors have been paid in full, any money due on any account whatever to a contributory from the company may be allowed to him by way of set-off against any subsequent call.

Bombay Non-trading Corporations Act, 1959, (Maharashtra) Section 60

Title: Contributory and Nature of His Liability

State: Maharashtra

Year: 1959

(1) The term "contributory" means every person liable to contribute to the assets of a corporation in the event of its being wound up and includes the holder of any shares which are fully paid up; and for the purposes of all proceedings for determining, and all proceedings prior to the final determination of, the persons who are to be deemed contributories, includes any person alleged to be a contributory. (2) The liability of a contributory shall create a debt accruing due from him at the time when his liability commenced, but payable at the times specified in calls made on him for enforcing the liability.