Bare Act Search Results

Companies Profits Surtax Act 1964 Section 3

Title: Tax Authorities

State: Central

Year: 1964

.....under this Act in respect of any company, and for this purpose his jurisdiction under this Act shall be the same as that he has under the Income-tax Act by virtue of orders or directions issued under section 120 of that Act (including orders or directions assigning concurrent jurisdiction) or under any other provision of that Act. (2) The Board may, from time to time issue such orders, instructions and directions to other tax authorities as it may deem fit for the proper adminsitration of this Act, and such authorities and all other persons employed in the execution of this Act shall observe and follow such orders, instructions and directions of the Board: Provided that no such orders, instructions or directions shall be issued-- (a) so as to require any tax authority to make a particular assessment or to dispose of a particular case in a particular manner; or (b) so as to interfere with the discrertion of the Commissioner (Appeals) in the exercise of his appellate functions.] ________________________ 1. Substituted by the Direct Tax Laws (Amdt.) Act (4 of 1988), S. 188 (1-4-1988).

Companies Profits Surtax Act 1964 Section 16

Title: Revision of Orders Prejudicial to Revenue

State: Central

Year: 1964

.....assessment and directing a fresh assessment. 2 [Explanation.--For the removal of "doubts, it is hereby declared that, for the purposes ofthis sub-section, an order passed by the 1 [Assessing Officer] shallinclude an order passed by the 1 [Deputy Commissioner] in exercise ofthe powers or in performance of the functions of an 1 [AssessingOfficer] conferred on, or assigned to, him under clause (a) of sub-section (1)of section 125 or under sub-section (1) of section 125A of the Income-tax Act asapplied by section 18 of this Act.] 3 [(2)No order shall be made under sub-section (1) after the expiry of two years fromthe end of the financial year in which the order sought to be revised waspassed]. (3)Notwithstanding anything contained in sub-section (2), an order in revisionunder this section may be passed at any time in the case of an order which hasbeen passed in consequence of, or to give effect to, any finding or directioncontained in an order of the Appellate Tribunal, the High Court or the SupremeCourt. Explanation.--In computing the period oflimitation for the purpose of sub-section (2), anyperiod during which any proceeding under this section is stayed by an order.....

Industrial Development Bank of India Act, 1964 [Repealed] Section 11B

Title: Power to Acquire Rights

State: Central

Year: 1964

Section 11B - Power to acquire rights 1[ 11B. Power to acquire rights The Development Bank shall have the right to acquire, by transfer or assignment, the rights and interests of any public financial institution, as defined in section 4A of the Companies Act, 1956 (1 of 1956) (including any other rights incidental thereto) in relation to any loan or advances granted, or any amount recoverable by such institution, either in whole or in part, by the execution or issue of any instrument or by the transfer of any instrument or in any other manner. ] ______________________ 1. Inserted by Act 35 of 1986, sec. 8.

Industrial Development Bank of India Act, 1964 [Repealed] Section 13C

Title: Trust Not to Beentered on the Register of Shareholders

State: Central

Year: 1964

Section 13C - Trust not to be entered on the register of shareholders Notwithstanding anything contained in section 13B, no notice of any trust, express implied or constructive, shall be entered on the register of shareholders or be receivable by the Development Bank: 1 [Provided that nothing in this section shall apply to a depository in respect of shares held by it as a registered owner on behalf of a beneficial owner. Explanation.-For the purposes of section 13B, section 13BA and this section, the expression "beneficial owner" ."depository" and "registered owner" shall have the meaning respectively assigned to them in clauses (a), (e) and (j) of sub-section (1) of section 2 of the Depositories Act, 1996 (22 of 1996).] ______________________ 1. Inserted by Act 8 of 1997, sec. 15 (w.e.f. 15-1-1997).

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,.....

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.....

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 [Repealed] Chapter 4

Title: Business of the Development Bank

State: Central

Year: 1964

.....by Act 5 of 1995, sec. 12, for "which may be notified by the Central Government in this behalf (w.r.e.f. 12-10-1994). 3. Certain words Inserted by Act 75 of 1972, sec. 3 and omitted by Act 52 of 1975, sec. 11. 4. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more than twenty-five years". 5. Substituted by Act 75 of 1972, sec. 3, for "on the expiry of not less than three years and not more then ten years". 6. Substituted by Act 75 of 1972, sec. 3, for "and are repayable on the expiry of not less than six months and not more than ten years". 7. Substituted by Act 75 of 1972, sec. 3, for "promissory notes of industrial concerns". 8. Substituted by Act 75 of 1972, sec. 3, for "any other financial institution". 9. Inserted by Act 35 of 1986, sec. 7. 10. Substituted by Act 75 of 1972, sec. 3, for "which may at the option of the Development Bank be convertible". 11. Inserted by Act 75 of 1972, sec. 3. 12.Substituted by Act 35 of 1986, sec. 7. 13. Substituted by Act 52 of 1975, sec. 11, for "on the recommendation of". 14. The words "on the recommendation of the Reserve Bank" omitted by Act 52 of 1975, sec. 11. .....

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.....

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.....