Bare Act Search Results

Essential Commodities (Special Provisions) Act, 1981 Complete Act

State: Central

Year: 1981

ESSENTIAL COMMODITIES (SPECIAL PROVISIONS) ACT, 1981 ESSENTIAL COMMODITIES (SPECIAL PROVISIONS) ACT, 1981 18 OF 1981 An Act to make certain special provisions by way of amendments to the Essential Commodities Act, 1955, for a temporary period for dealing more effectively with persons indulging in hoarding and black marketing of,-and profiteering in, essential commodities and with the evil of vicious inflationary prices and for matters connected therewith or incidental thereto. Whereas for ensuring the availability of essential commodities at fair prices, it is necessary to curb the hoarding and black marketing of, and profiteering in, such commodities; And whereas for dealing more effectively with persons indulging in such antisocial activities and the evil of vicious inflationary prices, it is necessary to make certain special provisions by way of amendments to the Essential Commodities Act, 1955 (10 of 1955), for a period of ' [fifteen] years; BE it enacted by Parliament in the Thirty-second Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, COMMENCEMENT AND DURATION (1) This Act may be called the Essential Commodities (Special Provisions)Act,.....

Essential Commodities (Special Provisions) Act, 1981 Section 4

Title: Amendment of Section 6a

State: Central

Year: 1981

In section 6A of the principal Act, for the proviso to sub-section (2), the following proviso shall be substituted, namely:-- Provided that in the case of any such essential commodity the retail sale price whereof has been fixed by the Central Government or a State Government under this Act or under any other law for the time being in force, the Collector may, for its equitable distribution and availability at fair prices, order the same to be sold through fair price shops at the price so fixed.

National Bank for Agriculture and Rural Development Act, 1981 Schedule II

Title: Second Schedule

State: Central

Year: 1981

.....(8A), for the expression:Agricultural refinance and Development Corporation", the expression "National Bank" shall be substituted. 4. For sub-section (3) of section 33, the following sub-section shall be substituted, namely:-- "(3) The remainder of the assets shall be held in rupee coin, Government of India rupee securities of any maturity, promissory notes drawn by the National Bank for any loans or advances under clause (4e) of section 17 and such bills of exchange and promissory notes payable in India as are eligible for purchase by the Bank under sub-clause 9a) or sub-clause (b) or sub -clause(bb) of clause(2) of section 17 or under clause (1) of section 18". 5. In section 42,-- (a) in the Explanation occurring after sub-section (1) in subclause (ii) of clause (c), for the expression:Agricultural Refinance and Development Corporation", the expression "National Bank" shall be substituted: (b) after sub-section (6), the following sub-section shall be inserted namely:- "(6A) In considering whether a State co-operative bank or a regional rural bank should be included in or excluded from the Second schedule, it shall be competent for the Bank to act on a.....

Finance Act, 1981 Section 15

Title: Insertion of New Section 164a

State: Central

Year: 1981

After section 164 of the Income-tax Act, the following section shall be inserted, namely :- '164A. Charge of tax in case of oral trust. Where a trustee receives or is entitled to receive any income on behalf or for the benefit of any person under an oral trust, then, notwithstanding anything contained in any other provision of this Act, tax shall be charged on such income at the maximum marginal rate. Explanation : For the purposes of this section, - (i) "maximum marginal rate" shall have the meaning assigned to it in Explanation 2 below sub-section (3) of section 164; (ii) "oral trust" shall have the meaning assigned to it in Explanation 2 below sub-section (1) of section 160.'.

National Bank for Agriculture and Rural Development Act, 1981 Complete Act

State: Central

Year: 1981

.....shall stand dissolved. The Bill also provides for changes of a supplemental, incidental or consequential nature in the Reserve Bank of India Act, 1934,the Banking Regulation Act, 1949the Industrial Disputes Act. 1947andthe Payment of Bonus Act, 1965. 4. The Notes on clauses appended to the Bill explain the provisions of the Bill.-See Gaz, of India, 18-9-1981, Pt. II.S.2,Ext.p.683. 1An Act to establish a development bank to be known as the National Bank for Agriculture and Rural Development for providing and regulating credit and other facilities for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts and other rural crafts and other allied economic activities in rural areas with a view to promoting integrated rural development and securing prosperity of rural areas and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEPIENT (1)This Act may be called the National Bank for Agriculture and Rural Development Act, 1981 . (2) It extends to the whole of India. (3) It shall.....

National Bank for Agriculture and Rural Development Act, 1981 Section 21

Title: Production and Marketing Credit

State: Central

Year: 1981

.....of the purposesspecified in sub-section (1) Provided that the National Bank may, whenever it considers it necessaryso to do accept in lieu of the actual assignment of any such security in favourof the National Bank a declaration in writing from the borrowing institution. (a) stating that its holds such documents of title to goods as may be setout in the declaration and (b) containing such other particulars as may be required by the NationalBank. (3) Notwithstanding anything contained in sub-section (2) the NationalBank may in its discretion grant a loan or advance (a)2 [to any State co-operative bank or central co-operativebank] if the loan or advance is fully guaranteed for repayment of principal andinterest by Government; (b) to any State co-operative bank which is a scheduled bank if the loador advance is secured either by a bill of exchange or promissory note executedby the central co-operative bank and assigned in favour of the Stateco-operative bank. (4) Not withstanding anything contained in sub-section (2) and (3) thenational bank may also make loans and advances repayable on demand or on theexpiry of fixed periods not exceeding eighteen months against.....

Finance Act, 1981 Chapter III

Title: Direct Taxes

State: Central

Year: 1981

.....words "first proviso" shall be substituted. Section 26 to 31 - Wealth-Tax Section 26 - Amendment Of Section 21 In section 21 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), - (a) in sub-section (1), the following Explanation shall be inserted, namely :- "Explanation : A trust which in not declared by a duly executed instrument in writing (including a valid deed of wakf) shall be deemed, for the purposes of this sub-section, to be a trust declared by a duly executed instrument in writing if a statement in writing, signed by the trustee or trustees, setting out the purpose or purposes of the trust, particulars as to the trustee or trustees, the beneficiary or beneficiaries and the trust property, is forwarded to the Wealth-tax Officer, - (i) where the trust has been declared before the 1st day of June, 1981, within a period of three months from that day; and (ii) in any other case, within three months from the date of declaration of the trust."; (b) in sub-section (4), - (i) for the words "Notwithstanding anything contained in this section", the words "Notwithstanding anything contained in the foregoing provisions of this.....

Air (Prevention and Control of Pollution) Act, 1981 Complete Act

State: Central

Year: 1981

AIR (PREVENTION AND CONTROL OF POLLUTION) ACT, 1981 AIR (PREVENTION AND CONTROL OF POLLUTION) ACT, 1981 An Act to provide for the prevention, control and abatement of air pollution, for the establishment, with a view to carrying out the aforesaid purposes, of Boards, for conferring on and assigning to such Boards, powers and functions relating thereto and for matters connected therewith Whereas decisions were taken at the United Nations Conference on the Human Environment held in Stockholm in June, 1972, in which India participated, to take appropriate steps for the preservation of the natural resources of the earth which, among other things, include the preservation of the quality of air and control of air pollution; And whereas it is considered necessary to implement the decisions aforesaid insofar as they relate to the preservation of the quality of air and control of air pollution; Be it enacted by Parliament in the Thirty-second Year of the Republic of India as follows CHAPTER I : PRELIMINARY SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Air (Prevention and Control of Pollution) Act, 1981. (2) It extends to the whole of.....

Burmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Section 11

Title: Transfer of Service of Existing Employees of the Specified Companies

State: Central

Year: 1981

.....or until his remuneration and conditions of service are duly altered by the central government or the successor government company. (2) Subject to rules made in this behalf under section 22 , every whole -time officer or other employee of oil India who was immediately before the appointed day , employed by it in India and every whole -time officer or other employee of Oil India who was , immediately before the appointed day, temporally holding any assignment outside India shall , on and from that day , continue to be an officer or other employee of Oil India on the same terms and conditions and with the same rights to pension , gratuity and other matters as are admissible to him immediately before that day and shall continue to hold such office unless and until his employment under Oil India is duly terminated or until his remuneration and conditions of service are duly altered by that company. (3) If any question arises as to whether any person was a whole time officer or other employee of a specified company , or as to whether any officer or other employee was employed wholly or mainly in connection with the undertakings of that company in India immediately before the.....

Burmah Oil Company [Acquisition of Shares of Oil India Limited and of the Undertaking in India of Assam Oil Company Limited and the Burmah Oil Company (India Trading) Limited ] Act , 1981 Chapter V

Title: Provisions Relating to Employees

State: Central

Year: 1981

.....or until his remuneration and conditions of service are duly altered by the central government or the successor government company. (2) Subject to rules made in this behalf under section 22 , every whole -time officer or other employee of oil India who was immediately before the appointed day , employed by it in India and every whole -time officer or other employee of Oil India who was , immediately before the appointed day, temporally holding any assignment outside India shall , on and from that day , continue to be an officer or other employee of Oil India on the same terms and conditions and with the same rights to pension , gratuity and other matters as are admissible to him immediately before that day and shall continue to hold such office unless and until his employment under Oil India is duly terminated or until his remuneration and conditions of service are duly altered by that company. (3) If any question arises as to whether any person was a whole time officer or other employee of a specified company , or as to whether any officer or other employee was employed wholly or mainly in connection with the undertakings of that company in India immediately before the.....