Bare Act Search Results

Finance Act 1970 Schedule I

Title: First Schedule

State: Central

Year: 1970

.....company (i) on the income by way of dividends payable by an Indian company as is referred to in clause (a)(i) of sub-section (1) of section 80M of the Income-tax Act 14 per cent. Nil; (ii) on the income by way of dividends payable by any domestic company other than a company referred to in (i) hereinabove 24.5 per cent. Nil; (iii) on the income by way of royalties payable by an Indian concern in pursuance of an agreement made by it with the Indian concern after the 31st day of March, 1961, and which has been approved by the Central Government 50 per cent. Nil; (iv) on the income by way of fees payable by an Indian concern for rendering technical services in pursuance of an agreement made by it with the Indian concern after the 29th day of February, 1964, and which has been approved by the Central Government 50 per cent. Nil; (v) on the income by way of interest payable on a tax free security 44 per cent. Nil; (vi) on any other income 70 per cent. Nil. Part III Rates.....

Patents Act, 1970 Complete Act

State: Central

Year: 1970

PATENTS ACT, 1970 PATENTS ACT, 1970 39 OF 1970 An Act to amend and consolidate the law relating to patents. BE it enacted by Parliament in the Twenty-first Year of the Republic of India as follows:- CHAPTER 1 : PRELIMINARY SECTION 1 : Short title, extent and commencement (1) This Act may be called the Patents Act, 1970. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint : Provided that different dates may be appointed for different provisions of this Act, and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. SECTION 2 : Definitions and interpretation (1) In this Act, unless the context otherwise requires,- (a) "Appellate Board" means the Appellate Board referred to in Sec. 116; (ab) "assignee" includes an assignee of the assignee and the legal representative of a deceased assignee and references to the assignee of any person include references to the assignee of the legal representative or assignee of that person; (aba) "Budapest Treaty" mean the Budapest.....

Finance Act 1970 Chapter VI

Title: Other Direct Taxes

State: Central

Year: 1970

.....long-term finance for industrial development in India and which is approved by the Central Government for the purposes of clause (viii) of sub-section (1) of section 36 of the Income-tax Act."; (ii) after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 1971, namely :- "(1A) Nothing contained in sub-section (1) shall operate to exclude from the net wealth of the assessee any assets referred to in clauses (xv), (xvi), (xxii), (xxiii), (xxiv), (xxv), (xxvi) and (xxvii) [not being deposits under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959], to the extent the value thereof exceeds in the aggregate, a sum of one hundred and fifty thousand rupees : Provided that where the assets include any assets referred to in clause (xv) or clause (xvi) [not being deposits under the Post Office Saving Bank (Cumulative Time Deposits) Rules, 1959], which have been held by the assessee continuously from a date prior to the 1st day of March, 1970, and the value of the assets so included exceeds the limit of one hundred and fifty thousand rupees by any amount, such limit shall be raised by the said amount."; (iii) in.....

Contract Labour (Regulation and Abolition) Act, 1970 Complete Act

State: Central

Year: 1970

.....in this behalf, (ii) in a factory, the owner or occupier of the factory and where a person has been named as the manager of the factory under the Factories Act, 1948 (63 of 1948)-, the person so named, (iii) in a mine, the owner or agent of the mine and where a person has been named as the manager of the mine, the person so named, (iv) in any other establishment, any person responsible for the supervision and control of the establishment. (h) "wages" shall have the meaning assigned to it in clause (vi) of section 2 of the Payment of Wages Act, 1936 (4 of 1936)-; (i) "workman" means any person employed in or in connection with the work of any establishment to do any skilled, semi-skilled or unskilled manual, supervisory, technical or clerical work for hire or reward, whether the terms of employment be express or implied but does not include any such person- (A) who is employed mainly in a managerial or administrative capacity ; or (B) who, being employed in a supervisory capacity draws wages exceeding five hundred rupees per mensem or exercises, either by the nature of the duties attached to the office or by reason of the powers vested in him, functions mainly of a managerial.....

Finance Act 1970 Section 26

Title: Amendment of Act 27 of 1957

State: Central

Year: 1970

.....long-term finance for industrial development in India and which is approved by the Central Government for the purposes of clause (viii) of sub-section (1) of section 36 of the Income-tax Act."; (ii) after sub-section (1), the following sub-section shall be inserted with effect from the 1st day of April, 1971, namely :- "(1A) Nothing contained in sub-section (1) shall operate to exclude from the net wealth of the assessee any assets referred to in clauses (xv), (xvi), (xxii), (xxiii), (xxiv), (xxv), (xxvi) and (xxvii) [not being deposits under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959], to the extent the value thereof exceeds in the aggregate, a sum of one hundred and fifty thousand rupees : Provided that where the assets include any assets referred to in clause (xv) or clause (xvi) [not being deposits under the Post Office Saving Bank (Cumulative Time Deposits) Rules, 1959], which have been held by the assessee continuously from a date prior to the 1st day of March, 1970, and the value of the assets so included exceeds the limit of one hundred and fifty thousand rupees by any amount, such limit shall be raised by the said amount."; (iii) in.....

Finance Act 1970 Section 27

Title: Amendment of Act 18 of 1958

State: Central

Year: 1970

In the Gift-tax Act, 1958, - (a) in sub-section (2) of section 5, for the words "ten thousand", the words "five thousand" shall be substituted with effect from the 1st day of April, 1971; (b) section 11A shall be re-numbered as section 11AA, and before the section as so re-numbered, the following section shall be inserted, namely :- "11A. Commissioner competent to perform any function or functions. - In respect of any function to be performed by a Commissioner under any provision of this Act, in relation to an assessee, the Commissioner referred to therein shall, - (a) in a case where only one Commissioner has jurisdiction over such assessee, be such Commissioner; (b) in a case where two or more Commissioners have concurrent jurisdiction over such assessee, be the Commissioner empowered to perform such function by the Board."; (c) for the Schedule, the following Schedule shall be substituted with effect from the 1st day of April, 1971, namely :- "The Schedule (See section 3) Rates of Gift-Tax (1) where the total income does not exceed Rs. 20,000 5 per cent. of the value of such gifts; (2) where the total income exceeds Rs. 20,000.....

Patents Act, 1970 (39 of 1970) Section 25

Title: Opposition to the Patent

State: Central

Year: 1970

.....(ii) shall not be available where such publication does not constitute an anticipation of the invention by virtue of sub-section (2) or sub-section (3) of section 29; (c) that the invention so far as claimed in any claim of the complete specification is claimed in a claim of a complete specification published on or after the priority date of the applicant's claim and filed in pursuance of an application for a patent in India, being a claim of which the priority date is earlier than that of the applicant's claim; (d) that the invention so far as claimed in any claim of the complete specification was publicly known or publicly used ion India before the priority date of that claim. Explanation - For the purposes of this clause, an invention relating to a process for which a patent is claimed shall be deemed to have been publicly known or publicly used in India before the priority date of the claim if a product made by that process had already been imported into India before that date except where such importation has been for the purpose of reasonable trial or experiment only; (e) that the invention so far as claimed in any claim of the complete specification is.....

Patents Act, 1970 (39 of 1970) Amending Act II

Title: Amendment Act

State: Central

Year: 1970

.....date of the applicant's claim; (f)that the subject of any claim of the complete specification is not an inventionwithin the meaning of this Act, or is not patentable under this Act; (g)that the complete specification does not sufficiently and clearly describe theinvention or the method by which it is to be performed; (h)that the applicant has failed to disclose to the Controller the informationrequired by section 8 or has furnished the information which in any materialparticular was false to his knowledge; (i)that in the case of a convention application, the application was not madewithin twelve months from the date of the first application for protection forthe invention made in a convention country by the applicant or a person fromwhom he derives title; (j)that the complete specification does not disclose or wrongly mentions the sourceor geographical origin of biological material used for the invention; (k)that the invention so far as claimed in any claim of the complete specificationis anticipated having regard to the knowledge, oral or otherwise, availablewithin any local or indigenous community in India or elsewhere, buton no other ground,' andthe.....

Indian Medicine Central Council Act, 1970 Complete Act

State: Central

Year: 1970

.....of service of the employees of the Central Council. SECTION 13: VACANCIES IN THE CENTRAL COUNCIL AND COMMITTEES THEREOF NOT TO INVALIDATE ACTS, ETC - No act or proceeding of the Central Council or any committee thereof shall be called to question on the ground merely of the existence of any vacancy in, or any defect in the constitution of, the Central Council or the committee, as the case may be. SECTION 13A: PERMISSION FOR ESTABLISHMENT OF NEW MEDICAL INSTITUTION, NEW COURSE OF STUDY, ETC 2(1) Notwithstanding anything contained in this Act or any other law for the time being in force," (a) no person shall establish a medical institution; or (b) no medical institution shall" (i) open a new or higher course of study or training, including a postgraduate course of study or training, which would enable students of such course or training to qualify himself for the award of any recognised medical qualification; or (ii) increase its admission capacity in any course of study or training including a postgraduate course of study or training except with the previous permission of the Central Government obtained in accordance with the provisions of this section. Explanation.....

THE KERALA AGRICULTURISTS' DEBTRELIF ACT, 1970 [1] Complete Act

State: Kerala

Year: 1970

THE KERALA AGRICULTURISTS' DEBTRELIF ACT, 1970 [1] THE KERALA AGRICULTURISTS' DEBTRELIF ACT, 1970 [1] (ACT 11 Of 1970) An Act to give relief to indebted agriculturists in the State of Kerala Preamble.- WHEREASit is considered necessary to provide for the relief of indebted agiculturists in the State of Kerala; BE it enacted in the Twenty-first Year of the Republic of India as follows:- I. Short title , extent and commencement.- (1) This Act may be called The Kerala Agriculturists' Debt Relief Act, 1970. (2) It extends to the whole of the State of Kerala. (3) It shall come into force at once. 2. Definitions._ In this Act, unless the context otherwise requires _ (1) "agriculturist" means a person who has an interest, other than as a simple mortgagee, in any agricultural or horticultural land in the State of Kerala, and includes- (a) an agricultural labourer; (b) a kudikidappukaran; and (c) a tenant. But does not include-\ (i) any person assessed to sales tax on a turnover which in the aggregate is not less than forty thousand rupees in any two years within the three years immediately preceding the commencement of this Act, under the Kerala General Sales Tax Act, 1963 or.....