Bare Act Search Results

Companies Act, 2013, Section 235

Title: Power to Acquire Shares of Shareholders Dissenting from Scheme or Contract Approved by Majority

State: Central

Year: 2013

.....company as the holder of those shares; and (b) within one month of the date of such registration, inform the dissenting shareholders of the fact of such registration and of the receipt of the amount or other consideration representing the price payable to them by the transferee company. (4) Any sum received by the transferor company under this section shall be paid into a separate bank account, and any such sum and any other consideration so received shall be held by that company in trust for the several persons entitled to the shares in respect of which the said sum or other consideration were respectively received and shall be disbursed to the entitled shareholders within sixty days. (5) In relation to an offer made by a transferee company to shareholders of a transferor company before the commencement of this Act, this section shall have effect with the following modifications, namely:-- (a) in sub-section (1), for the words "the shares whose transfer is involved other than shares already held at the date of the offer by, or by a nominee of, the transferee company or its subsidiaries,", the words "the shares affected" shall be substituted; and (b) in.....

Companies Act, 2013, Section 254

Title: Application for Revival and Rehabilitation

State: Central

Year: 2013

.....value of the amount outstanding against financial assistance disbursed to the borrower have taken measures to recover their secured debt under sub-section (4) of section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002): Provided further that no reference shall be made under this section if the secured creditors representing three-fourths in value of the amount outstanding against financial assistance disbursed to the borrower have taken measures to recover their secured debt under sub-section (4) of section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002): Provided also that where the financial assets of the sick company had been acquired by any securitisation company or reconstruction company under sub-section (1) of section 5 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002), no such application shall be made without the consent of securitisation company or reconstruction company which has acquired such assets. (2) An application under sub-section (1).....

Companies Act, 2013, Section 262

Title: Sanction of Scheme

State: Central

Year: 2013

.....sub-section (3), the Tribunal shall within sixty days therefrom, after satisfying that the scheme had been validly approved in accordance with this section, pass an order sanctioning such scheme. (5) Where a sanctioned scheme provides for the transfer of any property or liability of the sick company to any other company or person or where such scheme provides for the transfer of any property or liability of any other company or person in favour of the sick company, then, by virtue of, and to the extent provided in, the scheme, on and from the date of coming into operation of the sanctioned scheme or any provision thereof, the property shall be transferred to, and vest in, and the liability shall become the liability of, such other company or person or, as the case may be, the sick company. (6) The Tribunal may review any sanctioned scheme and make such modifications, as it may deem fit, or may by order in writing direct company administrator, to prepare a fresh scheme providing for such measures as the company administrator may consider necessary. (7) The sanction accorded by the Tribunal under sub-section (4) shall be conclusive evidence that all the requirements of the.....

Companies Act, 2013, Section 264

Title: Implementation of Scheme

State: Central

Year: 2013

.....case may be, declaring the scheme as failed and pass an order for the winding up of the company if three-fourths in value of the secured creditors consent to the modification of the scheme or winding up of the company. (6) Where an application under sub-section (4) has been made before the Tribunal and such application is pending before it, such application shall abate, if the secured creditors representing not less than three-fourths in value of the amount outstanding against financial assistance disbursed to the sick company have taken any measures to recover their secured debt under sub-section (4) of section 13 of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002).

Tamil Nadu Stamp Act, 2013 Complete Act

State: Tamil Nadu

Year: 2013

.....times, first executed; (5) "Chief Controlling Revenue Authority"means the officer appointed under sub-section (1) of Section 3 of the Registration Act, 1908 (Central Act XVI of 1908) to be the Inspector General of Registration or any person authorised by the Government to exercise all or any of the power of the Chief Controlling Revenue Authority under that Act; (6) "clearance list"means a list of transactions relating to contracts required to be submitted to the Clearing House of an association in accordance with the rules or bye-laws of the association; (7) "Collector"means the Collector of a district and includes any officer specifically appointed by the Government to perform the functions of the Collector under this Act; (8) "conveyance" includes" (a) a conveyance on sale; (b) every instrument; (c) every order made by the High Court under Section 394 of the Companies Act, 1956 (Central Act 1 of 1956) in respect of amalgamation or reconstruction of companies; and (d) every order made by the Reserve Bank of India under Section 44A of the Banking Regulation Act, 1949; by which property, whether movable or immovable or any interest in any property is transferred inter vivos and.....

Companies Act, 2013, Section 236

Title: Purchase of Minority Shareholding

State: Central

Year: 2013

.....negotiate or reach an understanding on a higher price for any transfer, proposed or agreed upon, of the shares held by them without disclosing the fact or likelihood of transfer taking place on the basis of such negotiation, understanding or agreement, the majority shareholders shall share the additional compensation so received by them with such minority shareholders on a pro rata basis. Explanation.--For the purposes of this section, the expressions "acquirer" and "person acting in concert" shall have the meanings respectively assigned to them in clause (b) and clause (e) of sub-regulation (1) of regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997. (9) When a shareholder or the majority equity shareholder fails to acquire full purchase of the shares of the minority equity shareholders, then, the provisions of this section shall continue to apply to the residual minority equity shareholders, even though,-- (a) the shares of the company of the residual minority equity shareholder had been delisted; and (b) the period of one year or the period specified in the regulations made by the Securities.....

Finance Act, 2012, (Central) Section 78

Title: Amendment of Section 204

State: Central

Year: 2012

In section 204 of the Income-tax Act, after clause (iii) and before the Explanation, the following clause shall be inserted with effect from the 1st day of July, 2012, namely:-- "(iv) in the case of credit, or as the case may be, payment of any sum chargeable under the provisions of this Act made by or on behalf of the Central Government or the Government of a State, the drawing and disbursing officer or any other person, by whatever name called, responsible for crediting, or as the case may be, paying such sum.".

The Uttarakhand Audit Act, 2012 Complete Act

State: Uttarakhand

Year: 2012

THE UTTARAKHAND AUDIT ACT, 2012 THE UTTARAKHAND AUDIT ACT, 2012 [Act No. 02 of 2012] PREAMBLE An Act to make provision for, and to regulate audit of all Government machineries, Public Corporation, Governmental Companies, Institutions, Statutory Authorities, Panchayati Raj Institutions, Municipalities, Urban Local Bodies, Governmental Committees in the State of Uttarakhand. Be it enacted by the Legislature of State of Uttarakhand in the Sixty-Third Year of the Republic of India as follows: - Section 1 - Short title, extent and commencement (1) This Act may be called the Uttarakhand Audit Act, 2012. (2) It extends to the whole of Uttarakhand. (3) It shall come into force on such date as the State Government may, by notification, appoint in this behalf. Section 2 - Definitions In this Act :- (a) 'Audit' includes test audit, concurrent audit cent-per-cent audit and special audit and also inspection of accounts by the officers appointed under section 3; (b) 'Director' means the Director, Audit (with Local Funds Audit and Co-operative, Panchayat Audit) Department, Uttarakhand appointed under section 3 and interalia includes such officer on whom powers.....

The National Law University of Uttarakhand Act, 2011 Complete Act

State: Uttarakhand

Year: 2011

THE NATIONAL LAW UNIVERSITY OF UTTARAKHAND ACT, 2011 THE NATIONAL LAW UNIVERSITY OF UTTARAKHAND ACT, 2011 [Act No. 11 of 2011] PREAMBLE AN ACT To establish and incorporate a National Law University at Bhowali, Nainital in Uttarakhand and to provide for matters connected therewith or incidental thereto IT IS HEREBY enacted by State Legislature in the Sixty-second years of the Republic of India as follows: Section 1 - Short title and commencement (1) This Act may be called the National Law University of Uttarakhand Act, 2011. (2) It shall come into force on such date as the State Government may, by notification in the official Gazette appoint. Section 2 - Definitions In this Act, unless the context otherwise requires,- (i) "Academic Council" means the Academic. Council of the University; (ii) "Bar Council" means the State Bar Council of Uttarakhand; (iii) "Chancellor" means the Chancellor of the University; (iv) "Executive Council" means the Executive Council of the University; (v) "Governing Council" means the Governing Council of the University; (vi) "Prescribed" means prescribed by Regulations; (vii) "Registrar" means the Registrar of the University; (viii).....

The Uttarakhand Graphic Era Parvatiya University Act, 2011 Complete Act

State: Uttarakhand

Year: 2011

THE UTTARAKHAND GRAPHIC ERA PARVATIYA UNIVERSITY ACT, 2011 THE UTTARAKHAND GRAPHIC ERA PARVATIYA UNIVERSITY ACT, 2011 [Act No. 12 of 2011] PREAMBLE An Act to establish University known as the Uttarakhand Graphic Era Parvatiya University at Dehradun by Graphic Era Educational Society, Dehradun for facilitate the purpose of Technical, Medical, Management, Social Science, Diploma, Degree, P.hD, Education, Training and Research and provide for matters thereto. Be it enacted by Uttarakhand State Legislature in the Sixty-second year of the Republic of India as follows: Section 1 - Short title and Commencement (1) This Act may be called the Uttarakhand Graphic Era Parvatiya University Act, 2011. (2) It shall come into force on such date, as the State Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act, unless the context otherwise required :- (a) "Academic Council" means the Academic Council of the University; (b) "Board of Management" means the management board of University; (c) "Career Academy Center" means such centre, which is established, conducted and recognized by University for the purposes of.....