Bare Act Search Results

Insurance Act, 1938 (4 of 1938) Section 6AA

Title: Manner of Divesting Excess Shareholding by Promoter in Certain Cases

State: Central

Year: 1938

.....capital as may be prescribed, after a period often years from the date of the commencement of the said business by such Indian insurance company or within such period as may be prescribed by the Central Government. Explanation .--For the removal of doubts, it is hereby declared that nothing contained in the proviso shall apply to the promoters being foreign company, referred to in sub-clause (b) of clause ( 7 A) of section 2 . ( 2 ) The manner and procedure for divesting the excess share capita) under sub-section ( 1 ) shall be specified by the regulations made by the Authority.] ________________________ 1. Inserted by Act 41 of 1999, section 30 and Schedule I (w.e.f. 19-4-2000).

Enemy Property Act 1968 Section 18

Title: Divesting of Enemy Property Vested in the Custodian

State: Central

Year: 1968

The Central Government may, by general or special order, direct that any enemy property vested in the Custodian under this Act and remaining with him shall be divested from him and be returned, in such manner as may be prescribed, to the owner thereof or to such other person as may be specified in the direction and thereupon such property shall cease to vest in the Custodian and shall revest in such owner or other person.

The Textile Undertakings (Nationalisation) Laws (Amendment And Validation) Act, 2014 Complete Act

State: Central

Year: 2014

.....4, after sub-section (7), the following sub-sections shall be inserted and shall be deemed to have been inserted, namely: (8) Notwithstanding the fact that the textile operations have been discontinued in any sick textile undertaking being revived, shall for all effects and purposes be deemed that the textile operations are being continued and no suit or proceeding shall be instituted or if instituted be maintainable against the National Textile Corporation on the ground that it has discontinued such activity in the sick textile undertaking. (9) For the removal of doubts, it is hereby declared that the continued deemed vesting of the lease-hold land in the Central Government shall not affect, impair or in any manner prejudice the rights of the National Textile Corporation to prosecute or defend any proceedings as a subsequent vestee in respect of any such lease-hold rights and no such proceedings shall fail only on account of the non-impleadment of that Government.. Insertion of new section 41. 4. After section 40 of the principal Act, the following section shall be inserted, namely: Validation 41. Notwithstanding anything contained in any judgment, decree or order of any.....

Insurance Act, 1938 (4 of 1938) Part II

Title: Provisions Applicable to Insurers

State: Central

Year: 1938

.....be made under the foregoing provisions of this section before the application for registration is made whether any such application is or is not in fact made.] (8) A deposit made in cash shall be held by the Reserve Bank of India to the credit of the insurer and shall 21 [except to the extent, if any, to which the cash has been invested in securities under sub-section (9A)] be returnable to the insurer in cash in any case in which under the provisions of this Act a deposit is to be returned; and any interest accruing due and collected on securities deposited under sub-section (1) or sub-section (2) shall be paid to the insurer, subject only to deduction of the normal commission chargeable for the realization of interest. 22 [(9) The insurer may at any time replace any securities deposited by him under this section with the Reserve Bank of India either by cash or by other approved securities or partly by cash and partly by other approved securities, provided that such cash, or the value of such other approved securities estimated at the market rates prevailing at the time of replacement, or such cash together with such value, as the case may be, is not less than the value of.....

Insurance Regulatory and Development Authority Act, 1999 Schedule 1

Title: First Schedule

State: Central

Year: 1999

.....that connection and all other matters incidental thereto as arc, in its opinion, necessary to enable the Investigating Authority to discharge satisfactorily his functions under this section. Explanation.--For the purposes of this section, the expression "insurer" shall include in the case of an insurer incorporated in India-- (a) all its subsidiaries formed for the purpose of carrying on the business of insurance exclusively outside India; and (b) all its branches whether situated in India or outside India. (9) No order made under this section other than an order made under clause (b) of sub-section (6) shall be capable of being called in question in any court. (10) All expenses of, and incidental to, any investigation made under this section shall be defrayed by the insurer, shall have priority over that debts due from the insurer and shall be recoverable as an arrear of land revenue.'. 21. Section 33A, omit "Central Government or the". 22. Section 34H,-- (a) in sub-section (1),-- (i) for "Controller", substitute "Chairperson of the Authority"; (ii) for "an Assistant Controller of Insurance", substitute "an officer authorised by the Authority"; (b) in.....

Insurance Regulatory and Development Authority Act, 1999 Complete Act

State: Central

Year: 1999

.....that connection and all other matters incidental thereto as are, in its opinion, necessary to enable the Investigating Authority to discharge satisfactorily his functions under this section. Explanation.-For the purposes of this section, the expression "insurer" shall include in the case of an insurer incorporated in India- (a) all its subsidiaries formed for the purpose of carrying on the business of insurance exclusively outside India; and (b) all its branches whether situated in India or outside India. (9) No order made under this section other than an order made under Cl. (b) of sub-section (6) shall be capable of being called in question in any Court. (10) All expenses of, and incidental to, any investigation made under this section shall be defrayed by the insurer, shall have priority over that debts due from the insurer and shall be recoverable as an arrear of land revenue. 21. In Sec. 33-A, omit "Central Government or the". 22. In Sec. 34-H,- (a) in sub-section (1),- (i) for "Controller", substitute, "Chairperson of the Authority"; (ii) for "an Assistant Controller of Insurance", substitute "an officer authorised by the Authority"; (b) in sub-sections (5) and (7), for.....

Indian Succession Act, 1925 Part 6

Title: Testamentary Succession

State: Central

Year: 1925

.....of determining questions as to what person or what property is denoted by any words used in a Will, a Court shall inquire into every material fact relating to the persons who claim to be interested under such Will, the property which is claimed as the subject of disposition, the circumstances of the testator and of his family, and into every fact a knowledge of which may conduct to the right application of the words which the testator has used. Illustrations (i) A, by his Will, bequeaths 1,000 rupees to his eldest son or to his youngest grand-child, or to his cousin, Mary; a Court may make inquiry in order to ascertain to what person the description in the Will applies. (ii) A, by his Will, leaves to B "my estate called Black Acre." It may be necessary to take evidence in order to ascertain what is the subject-matter of the bequest; that is to say, what estate of the testator's is called Black Acre. (iii) A, by his Will, leaves to B "the estate which I purchased of C". It may be necessary to take evidence in order to ascertain what estate the testator purchased of C. Section 76 - Misnomer or misdescription of object (1) Where the words used in a Will to.....

Charitable Endowments Act, 1890 Complete Act

State: Central

Year: 1890

.....that other treasurer and his successors as fully and effectually for the purposes of this Act as if it had been originally vested in him under this Act SECTION 13: Power to frame forms and make rules: [(1)] The appropriate Government may [, by notification in the Official Gazette,] make rules consistent with this Act for- . . (a) prescribing the fees to be paid to the Government in respect of any property vested under this Act in a treasurer of Charitable Endowments; (b) regulating the cases and the mode in which schemes or any modification thereof are to be published before they are settled or made under (section 5); (c) prescribing the form in which accounts are to be kept by treasurers of Charitable Endowments and the mode in which such accounts are to be audited; and (d) generally carrying into effect the purposes of this Act. [(2) Every rule made by the State Government under this Act shall be laid, as soon as may be after it is made, before the State Legislature (3) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty.....

The Punjab Land Reforms Act, 1972 Complete Act

State: Punjab

Year: 1972

.....it includes " sites of buildings, and other structures of such land". In the context in which clause (a) appears in section 2(5) and in view of the fact that there is a comma after the words "sites of buildings" we are of the view that the words "sites" in clause (a) does not qualify the words "other structures on such land" It should be interpreted as including other structures on such land as also sites of buildings. Bal Raj Ahuja vs State of Punjab and another, 1988 PLJ 423. 3 Definitions - In this Act' unless the context otherwise requires" (1) "appointed day" means the twenty-fourth day of January, 1971; (2) "banjar land" means land which has remained uncultivated for a continuous period of not less than four years immediately preceding the date on which the question whether such land is banjar or not arises; (3) "Collector" means the Collector of the district or any other officer not below the rank of Assistant Collector of the first grade empowered in this behalf by the State Government; (4) "family" in relation to a person means the person, the wife or husband, as the case may be, of such person and his or her minor children other than a married minor daughter;.....

Life Insurance Corporation Act, 1956 Chapter 7

Title: Miscellaneous

State: Central

Year: 1956

.....office or in any office outside India an official seal which shall be a facsimile of the common seal of the Corporation, with the addition on its fact of the name of the zonal office, divisional officer or other office where it is to be used, and any such official seal may be affixed to any deed or document to which the Corporation is a party. Section 33 - Requirement of foreign laws to be complied with in certain cases Where any property or rights appertaining to the controlled business of an insurer are transferred to and vested in the Corporation under this Act or would be so transferred and vested but for the fact that such transfer and vesting are governed otherwise than by the law of India, the insurer shall comply with such directions as may be given to him by the Corporation for the purpose of securing that the ownership of the property or, as the case may be, that the right is effectively transferred to the Corporation. Section 34 - Revesting of certain shares vested in the Administrator General Notwithstanding anything contained in the Insurance Act, all shares which have vested in the Administrator General of any State under Sub-section (8) of the section 6A.....