Bare Act Search Results

Maharashtra Debt Relief Act 1975 Complete Act

State: Maharashtra

Year: 1975

.....Act, 1965 (o) "worker" means a person who earns his livelihood through any profession, calling or trade and also a person who is working in any factory (including a badli worker therein) Explanation."in this clause-" (1) the expression "factory" has the meaning assigned to it in the Factories Act, l948, with this modification that the limitation on the number of workers working there shall be dispensed with; (2) the expression "badli worker" means a worker who is provided with a bad card and who is employed in a factory in place of another worker who is temporarily absent and whose name is borne on the muster-roll of the factory (3) for the avoidance of doubt, it is hereby declared that the expression ˜profession: calling or trade' shall include and shall be deemed always to have included ˜employment', and that expression shall he construed accordingly. (p) words and expressions used in this Act but not defined therein shall have the meanings, respectively assigned to them in the Maharashtra Agricultural Lands (Ceiling on Holdings Act, 1961. CHAPTER II REVIVAL OF DEBTS SECTION 03: REVIVAL OF ALL DISCHARGED DEBTS UNDER ORDINANCE VII OF 1975 Notwithstanding.....

Recovery of Debts Due to Banks and Financial Institutions Act, 1993 Chapter 5

Title: Recovery of Debt Determined by Tribunal

State: Central

Year: 1993

.....as if the said provisions and the rules referred to the amount of debt due under this Act instead of to the Income-tax: Provided that any reference under the said provisions and the rules to the "assessee" shall be construed as a reference to the defendant under this Act. Section 30 - Appeal against the order of Recovery Officer 1[30. Appeal against the order of Recovery Officer (1) Notwithstanding anything contained in section 29, any person aggrieved by an order of the Recovery Officer made under this Act may, within thirty days from the date on which a copy of the order is issued to him, prefer an appeal to the Tribunal. (2) On receipt of an appeal under sub-section (1), the Tribunal may, after giving an opportunity to the appellant to be heard, and after making such inquiry as it deems fit, confirm, modify or set aside the order made by the Recovery Officer in exercise of his powers under sections 25 to 28 (both inclusive).] ________________________ 1. Substituted by Act 1 of 2000, section 12, for section 30 (w.r.e.f. 17-1-2000).

Displaced Persons (Debts Adjustment) Act, 1951 Section 17

Title: Debts Secured on Movable Property

State: Central

Year: 1951

.....II.--Where any motor vehicle or other movable property has been purchased with money the whole or any part of which has been advanced by a creditor who retains the ownership thereof by way of security but allows the debtor to use it with his permission, the property shall for the purposes of this section be deemed to be pledged property of the debtor in the possession of the creditor. (2) Notwithstanding anything contained in this section, the creditor shall be entitled to receive, and to give a valid discharge in respect of, any sum due under this Act or under any other law for the time being in force from an insurance company in respect of any claim arising out of the loss or destruction of the pledged property, but the creditor shall, in any case where the sum received from the insurance company is greater than the amount of the debt due to him, pay over the surplus to the debtor.

Displaced Persons Debts Adjustment Act, 1951 Section 17

Title: Debts Secured on Movable Property

State: Central

Year: 1951

.....II.--Where any motor vehicle or other movable property has been purchased with money the whole or any part of which has been advanced by a creditor who retains the ownership thereof by way of security but allows the debtor to use it with his permission, the property shall for the purposes of this section be deemed to be pledged property of the debtor in the possession of the creditor. (2) Notwithstanding anything contained in this section, the creditor shall be entitled to receive, and to give a valid discharge in respect of, any sum due under this Act or under any other law for the time being in force from an insurance company in respect of any claim arising out of the loss or destruction of the pledged property, but the creditor shall, in any case where the sum received from the insurance company is greater than the amount of the debt due to him, pay over the surplus to the debtor.

Public Debt Act, 1944 Section 23

Title: Discharge in Respect of Bearer Bonds

State: Central

Year: 1944

1[The Government] shall be discharged from all liability on a bearer bond or on any interest coupon of such a bond on payment to the holder of such bond or coupon on presentation on or after the date when it becomes due of the amount expressed therein, unless before such payment an order of a Court in2[India] has been served on1[the Government] restraining it from making payment. ________________________ 1 . Substituted for the words "the Central Government" by the Public Debt (Central Government) Amendment Act, 1949 (6 of 1949), section 6 (1-4-1949). 2. Substituted for the words "the States" by the Public Debt (Amendment) Act, 1956 (57 of 1956), section 11(15-10-1956).

Public Debt Act, 1944 Complete Act

Title: Public Debt Act, 1944

State: Central

Year: 1944

.....securities Section14 - Recording of evidence Section15 - Postponement of payment and registration of transfers pending the making of a vesting order Section16 - Power to Bank to require bonds Section17 - Publication of notices in Official Gazette Section18 - Scope of vesting order Section19 - Legal effect of orders made by the Bank Section20 - Stay of proceedings on order of Court Section21 - Cancellation by the Bank of vesting proceedings Section22 - Discharge in respect of interest on Government securities Section23 - Discharge in respect of bearer bonds Section24 - Period of limitation of Central Government's liability in respect of interest Section25 - Inspection of documents Section26 - The bank and its officers to be deemed public officers Section27 - Penalty Section28 - Power to make rules Section29 - Certain Laws not to apply to Government Securities Section30 - Construction of reference to laws not in force before 1st April in Part B, States Section31 - Construction of references to laws not in force in Jammu and Kashmir Amending Act1 - AMENDMENT ACT 6 of 1949 Amending Act2 - AMENDMENT ACT 57 of 1956 Amending Act3 - AMENDMENT ACT 44 of 1959 .....

Displaced Persons (Debts Adjustment) Act, 1951 Section 16

Title: Debts Secured on Immovable Property

State: Central

Year: 1951

.....creditor. (2) If the creditor elects to retain the security, he may apply to the Tribunal, having jurisdiction in this behalf as provided in section 10, for a declaration of the amount due under his debt. (3) Where in any case, the creditor elects to retain his security if the displaced debtor receives any compensation in respect of any such property as is referred to in sub-section (1), the creditor shall be entitled-- (a) where the compensation is paid in cash, to a first charge thereon: Provided that the amount of the debt in respect of which he shall be entitled to the first charge shall be that amount as bears to the total debt the same proportion as the compensation paid in respect of the property bears to the value of the verified claim in respect thereof and to that extent the debt shall be deemed to have been reduced; (b) where the compensation is by way of exchange or property, to a first charge on the property situate in India so received by way of exchange: Provided that the amount of the debt in respect of which he shall be entitled to the first charge shall be that amount as bears to the total debt the same proportion as the value of the property.....

Displaced Persons Debts Adjustment Act, 1951 Section 16

Title: Debts Secured on Immovable Property

State: Central

Year: 1951

.....creditor. (2) If the creditor elects to retain the security, he may apply to the Tribunal, having jurisdiction in this behalf as provided in section 10, for a declaration of the amount due under his debt. (3) Where in any case, the creditor elects to retain his security if the displaced debtor receives any compensation in respect of any such property as is referred to in sub-section (1), the creditor shall be entitled-- (a) where the compensation is paid in cash, to a first charge thereon: Provided that the amount of the debt in respect of which he shall be entitled to the first charge shall be that amount as bears to the total debt the same proportion as the compensation paid in respect of the property bears to the value of the verified claim in respect thereof and to that extent the debt shall be deemed to have been reduced; (b) where the compensation is by way of exchange or property, to a first charge on the property situate in India so received by way of exchange: Provided that the amount of the debt in respect of which he shall be entitled to the first charge shall be that amount as bears to the total debt the same proportion as the value of the property.....

Displaced Persons (Debts Adjustment) Act, 1951 Section 22

Title: Apportionment of Joint Debts

State: Central

Year: 1951

.....the debtor became a displaced person, and the value of the immovable property shall be deemed to be the value of the verified claim in respect thereof; (g) where the relationship between the joint debtors is that of principal and surety, nothing contained in this Act shall prevent the institution of a suit for the recovery of the debt against the surety but no decree shall be passed in such suit for an amount in excess of the amount decreed or which can be decreed against the principal debtor in accordance with the provisions of this Act: Provided that the total amount which may be recovered from the principal debtor and the surety shall not exceed the amount decreed or which can be decreed by the Tribunal against the principal debtor in accordance with the provisions of this Act.

Displaced Persons Debts Adjustment Act, 1951 Section 22

Title: Apportionment of Joint Debts

State: Central

Year: 1951

.....the debtor became a displaced person, and the value of the immovable property shall be deemed to be the value of the verified claim in respect thereof; (g) where the relationship between the joint debtors is that of principal and surety, nothing contained in this Act shall prevent the institution of a suit for the recovery of the debt against the surety but no decree shall be passed in such suit for an amount in excess of the amount decreed or which can be decreed against the principal debtor in accordance with the provisions of this Act: Provided that the total amount which may be recovered from the principal debtor and the surety shall not exceed the amount decreed or which can be decreed by the Tribunal against the principal debtor in accordance with the provisions of this Act.