Bare Act Search Results

Food Corporations Act, 1964 Complete Act

State: Central

Year: 1964

.....Government in this behalf against stocks of food grains or other foodstuffs held by it for the purpose of carrying out its functions under the Act. The provisions of the Act do not permit a Food Corporation borrow funds from other sources or to issue and sell bonds or debentures. 2. The Food Corporations do not generate any internal resources. They require funds both for working capital requirements as well as for investment purposes. At present, the funds are being provided by only the Government and the banking section. It is proposed to diversify the sources of financing. 3. It is, therefore proposed to amend section 27of the Food Corporations. Act, 1964 (37 of 1964) to enable a Food Corporation to raise funds, as and when required, for its operational as well as investment requirements by the issue of bonds and debentures and also by borrowings from the Central and State Government institutions or public sector enterprises or bodies or from public or corporate sector, on such terms, and conditions as may be approved by the Central Government. 4. The Bill seeks to achieve the above objective. Gaz. of Ind., 21-4-87., Pt. II S. 2 F.xt., P. 3 (No. 15). Prefatory.....

Finance Act, 1964 Complete Act

State: Central

Year: 1964

.....cesser; andsection 6 of the General Clauses Act, 1897-, shall apply upon such cesser as if the said sub-section had then been repealed by a Central Act. Note: Tariff Act, 1934 is now repealed and replaced by the Customs Tariff Act, 1975 (51 of 1975). SECTION 58: REGULATORY DUTY OF CUSTOMS (1) There shall be levied and collected with effect from such date as may be specified in this behalf by the Central Government by notification in the Official Gazette, on all goods mentioned in the First Schedule tothe Tariff Actas amended by this Act or any subsequent Act of Parliament a regulatory duty of customs which shall be- (a) 25 per cent of the rate, if any, specified in the said First Schedule read with any notification issued under section 3 Aor sub-section ( 1 ) ofsection 4 of the Tariff Act; or (b) 10 per cent of the value of the goods as determined in accordance with the provisions ofsection 14 of the Customs Act, 1962-, whichever is higher: Provided that different dates may be specified by the Central Government for different kinds of goods. (2) Sub-section (1) shall cease to have effect after the 30th day of April, 1965 except as respects things done or omitted to be done.....

Companies (Profits) Surtax Act, 1964 Complete Act

State: Central

Year: 1964

.....of India, 29-2-1964, Pt. II, S. 2, Ext., p. 178. Act 41 of 1975.- The object of this Bill is to amend the income-tax Act, 1961, the Wealth Tax Act. 1957, the Gift Tax Act, 1958 and the Companies (Profits) Surtax Act, 1964. The proposals relating to the amendments to these enactments have been formulated after a detailed examination of the recommendations of the Direct Taxes Enquiry Committee (Wanchoo Committee) and the Forty-seventh Report of the Law Commission on the Trial and Punishment of Social and Economic Offences, the latter in so far as they relate to direct taxes. Opportunity has been taken to sponsor some amendments on the basis of suggestions received from various other quarters as well. Technical difficulties arising in the operation of some of the provisions of these enactments have also been taken into account in formulating these proposals. 2. The main objective of the amendments proposed to be made are to unearth black-money and prevent its proliferation; to fight and curb tax evasion; to check avoidance of tax 'through various legal devices, including the formation of trusts and diversion of income or wealth to members of family; to reduce tax arrears and.....

Diplomatic Privileges Act, 1964 Complete Act

State: Central

Year: 1964

.....(Industrial Injuries) Acts, 1946tothe National Insurance (Industrial Injuries) Acts, 1964,the National Insurance Acts, 1946tothe National Insurance Acts, 1964. any enactment for the time being in force amending any of those Acts, or any corresponding enactment of the Parliament of Northern Ireland, but not so as to render any person liable to any contribution which he would not be required to pay if those services were not so excepted. (5)Articles 35-,36-and40-shall be construed as granting any privilege or immunity which they require to be granted. (6) The references inArticles 37-and38-to the extent to which any privileges and immunities are admitted by the receiving State and to additional privileges and immunities that may be granted by the receiving State shall be construed as referring respectively to the extent to which any privileges and immunities may be specified by Her Majesty by Order in Council and to any additional privileges and immunities that may be so specified. SECTION 03: RESTRICTION OF PRIVILEGES AND IMMUNITIES (1) If it appears to Her Majesty that the privileges and immunities accorded to a mission of Her Majesty in the territory of any State, or to.....

Companies Profits Surtax Act 1964 Section 21

Title: False Statement

State: Central

Year: 1964

If a person makes in any return furnished under section 5, any statement which is false, and which he either knows or believes to be false, or does not believe to be true he shall be punishable with simple imprisonment which may extend to six months, or with fine which may extend to one thousand rupees, or with both.

Companies Profits Surtax Act 1964 Section 22

Title: Abetment of False Returns, Etc

State: Central

Year: 1964

If a person makes or induces in any manner another person to make and deliver any account, statement or declaration relating to chargeable profits liable to surtax which is false and which he either knows to be false or does not believe to be true, he shall be punishable with simple imprisonment which may extend to six months, or with fine which may extend to one thousand rupees, or with both.

Companies Profits Surtax Act 1964 Schedule III

Title: Third Schedule

State: Central

Year: 1964

.....the aggregate of-- (a) the amount of income-tax- payable by the company in respect of its total income of the previous year under the provisions of the Income-tax Act after making allowance for any relief, rebate or deduction in respect of income-tax to which the company is entitled under the provisions of the said Act or the annual Finance Act; and (b) the amount of surtax computed in accordance with the foregoing provisions of this Schedule, exceeds the amount calculated at seventy per cent, of the total income of the company, the amount of such excess shall be deducted from the amount of surtax referred to in clause (b) above and the balance shall be the amount of the surtax payable by the company.]. ________________________ 1. Substituted for the "Third Schedule" by the Finance (No. 2) Act, 1971 (32 of 1971), S. 38 (1-4-1972). 2. Substituted for the figures and words "30 per cent." by the Finance Act (20 of 1974), S. 15(1-4-75). 3. Inserted by the Finance Act (20 of 1974), S. 15(1-4-75).

Slum Area(Improvement an Clearance) Amendment Act, 1964 Section 16

Title: Amendment of Section 32

State: Central

Year: 1964

In section 32 of the principal Act, in sub-section (1), for the words "does any Act in contravention of", the words "fails to comply with" shall be substituted.

Companies Profits Surtax Act 1964 Schedule I

Title: First Schedule

State: Central

Year: 1964

.....on the total income allowed under the annual Finance Act in connection with export of any goods or merchandise out of India or the sale by a manufacturer of any articles to any person who exports them out of India. 4 [Explanation.-- Notwithstanding any thing contained in any clause of this rule, the amount of any income or profits and gains which is required to be excluded from the total income under that clause shall be only the amount of such income or profits and gains as computed in accordance with the provisions of the Income-tax Act (except Chapter VIA thereof), and in a case where any deduction is required to be allowed in respect of any such income or profits and gains under the said Chapter VIA, the amount of such income or profits and gains computed as aforesaid as reduced by the amount of such deduction.] 2. The balance of the total income arrived at after making the exclusions mentioned in Rule 1 shall be reduced by-- (i) the amount of income-tax 5 [* *] payable by the company in respect of its total income under the provisions of the Income-tax Act after making allowance for any relief, rebate or deduction in respect of income-tax 5 [* *] to which the.....

Industrial Development Bank of India Act, 1964 Complete Act

State: Central

Year: 1964

.....for providing credit and other facilities for the development of industry and for matters connected therewith and further to amend certain enactments. Be it enacted by Parliament in the Fifteenth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Industrial Development Bank of India Act, 1964.- (2) It extends2to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification3in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of the Development Bank; (b) "Development Bank" means the Industrial Development Bank of India established under section 3-; [(c) "Industrial concern" means any concern engaged or to be engaged in,- (i) the manufacture, preservation or processing of goods; (ii) shipping; [(iii) mining including development of mines,] (iv) the hotel industry. (v) the transport of passengers or goods by road or by water or4[by air or by ropeway or by lift]; [(vi) the generation,.....