Bare Act Search Results

Capital Issues (Control) Act, 1947 Complete Act

State: Central

Year: 1947

.....to provide for 1[* *] control over issues of capital. WHEREAS it is expedient to provide for1[* *] control over issues of capital; It is hereby enacted as follows The Act has been extended to the new provinces and merged States bythe Merged States (Laws) Act, 1949) (59 of 1949), S. 3 (1-1- 1950) and to the Union Territories (now States) of Manipur. Tripura & Vindhya Pradesh bythe Union Territories (Laws) Act. 1950 (30 of 1950) . S. 3 (16-4-1950). Vindhva Pradesh now forms part of the State of Madhya Pradesh-See C. A. 37 of 1956. S. 9 (1 )(a) (1-11-1956). The Act now extends to the Union Territories of- (1) Goa. Daman and Din - -see Regn. 12 of 1962 (24- 1-1963). [Goa is now a State - See Act 18 of 1987. S.3 (30-5-1987). (2) Dadra and Nagar Haveli - Act as in force in the State of Gujarat is extended to this territory with effect from 1-1- 1966 - See Gazette of India. 18-12-65. Pt. II. S. 3(l). p. 2016. (3) Pondicherry. by Regn. 7 of 1963 (1-10-1963). (4) Laccadive Minicoy and Amindivi Islands by Regn. 8 of 1965 (1-10- 1967). These are now known as Lakshadweep Islands - See Act 34 of 1973. SECTION 01: SHORT TITLE, EXTENT AND DURATION - (1) This Act may be called.....

State Financial Corporations Act, 1951 Chapter II

Title: Insorporation of State Financial Corporations, their Capital and Management

State: Central

Year: 1951

..... 4[* **] (f) determine which of the participating State Governments shall exercise the several functions of the State Government under this Act, and references in this Act to the State Government, in relation to the Joint Financial Corporation, shall, save as otherwise expressly provided, be construed accordingly; (g) provide for consultation among the participating States either generally or with reference to particular matters arising under this Act; (h) make such incidental and consequential provisions, not inconsistent with this Act, as may be deemed necessary or expedient for giving effect to the agreement. (3) The Joint Financial Corporation shall be a body corporate by the name notified under Sub-section (1), having perpetual succession and a common seal, with power, subject to the provisions of this Act, to acquire, hold and dispose of property and shall by the said name sue and be sued. (4) Any reference in this Act to "State" in relation to a Joint Financial Corporation established for two or more States, shall be construed as a reference to each such State.] ______________________ 1. Inserted by Act 56 of 1956, section 4 (w.e.f. 1-10-1956). 2......

Industrial Development Bank of India Act, 1964 [Repealed] Chapter 2

Title: Establishment of the Industrial Development Bank of India and Capital Thereof

State: Central

Year: 1964

.....to, and vested in the Central Government. 2 [***] ______________________ 1.Sections 4, 4A and 4B Substituted by Act52 of 1975, sec. 5, for section 4. 2.Sub-section (2) omitted by Act 5 of 1995,sec. 4 (w.r.e.f. 12-10-1994). Section 4A - Transfer of capital to Central Government 1 [4A. Transfer of capital to CentralGovernment (1)The issued capital of the Development Bank which has been subscribed by theReserve Bank as on the date immediately preceding the commencement of section 5of the Public Financial Institutions Laws (Amendment) Act, 1975 (hereinafterreferred to as the "appointed day"), shall, on such commencement,stand transferred to, and vested in the Central Government. 2 [***] ______________________ 1.Sections 4, 4A and 4B Substituted by Act52 of 1975, sec. 5, for section 4. 2.Sub-section (2) omitted by Act 5 of 1995,sec. 4 (w.r.e.f. 12-10-1994). Section 4B - Payment of amount 1[4B. Payment of amount The Reserve Bank shall be given by the Central Government, in cash, for the transfer to, and vesting in, the Central Government of the issued capital of the Development Bank which has been subscribed by the Reserve Bank, an amount equal to the.....

Companies Act, 1956 Part 4

Title: Share Capital and Debentures

State: Central

Year: 1956

.....company who is in default, shall be punishable with fine which may extend to3[five hundred rupees]. ________________________ 1.Substituted by Act 11 of 2003, Section 14, for "Court". 2.Substituted by Act 31 of 1965, Section 62 and Schedule, for "fifteen" (w.e.f. 15-10-1965). 3. Substituted by Act 53 of 2000, Section 43, for "fifty rupees" (w.e.f. 13-12-2000). Section 108 to 112 - Transfer of shares and debentures Section 108 - Transfer not to be registered except on production of instrument of transfer (1) A company shall not register a transfer of shares in, or debentures of, the company, unless a proper instrument of transfer duly stamped and executed by or on behalf of the transferor and by or on behalf of the transferee and specifying the name, address and occupation, if any, of the transferee, has been delivered to the company along with the certificate relating to the shares or debentures or if no such certificate is in existence, along with the letter of allotment of the shares or debentures: Provided that where, on an application in writing made to the company by the transferee and bearing the stamp required for an instrument of transfer, it is proved.....

Small Industries Developement Bank of India Act, 1989 Chapter II

Title: Establishment of the Small Industries Development Bank of India and Capital Thereof

State: Central

Year: 1989

.....consisting of such number of equity shares and redeemable preference shares as it may deem fit.] ________________________ 1. Substituted by Act 7 of 2000, sec. 3, for section 4 (w.e.f. 27-3-2000). Section 4A - Conversion of equity shares into redeemable preference shares 1 [4A.Conversion of equity shares into redeemable preference shares (1)The Central Government may, at any time after the commencement of theSmall Industries Development Bank of India (Amendment) Act, 2000, bynotification, convert such number of equity shares held by the Development Bank,the public sector banks, the General Insurance Corporation, the Life InsuranceCorporation and other institutions owned or controlled by the CentralGovernment, not exceeding twenty-five crores, as it may decide, into redeemablepreference shares: Providedthat such conversion shall in no case reduce the equity shares held in aggregateby the Development Bank, the public sector banks, the General InsuranceCorporation, the Life Insurance Corporation and other institutions owned orcontrolled by the Central Government to less than fifty-one per cent. (2)The redeemable preference shares referred to in sub-section (1).....

Companies (Issue of Share Capital with Differential Voting Rights) Rules, 2001 Complete Act

State: Central

Year: 2001

.....company has obtained the approval of share holders in General Meeting by passing resolution as required under the provision of sub-clause (a) of sub-section (1) of section 94 read with sub-section (2) of the said section. 8. the listed public company obtained approval of share holders through Postal Ballot. 9. the notice of the meeting at which resolution is proposed to be passed is accompanied by an explanatory statement stating " (a) the rate of voting rights which the equity share capital with differential voting right shall carry; (b) the scale or in proportion to which the voting rights of such class or type of shares will vary; (c) the company shall not convert its equity capital with voting rights into equity share capital with differential voting rights and the shares with differential voting rights into equity share capital with voting rights; (d) the shares with differential voting rights shall not exceed 25% of the total share capital issued; (e) that a member of the company holding any equity share with differential voting rights shall be entitled to bonus shares, right shares of the same class; (f) the holders of the equity shares with differential.....

Industrial Development Bank of India Act, 1964 [Repealed] Section 4C

Title: Issued Capital

State: Central

Year: 1964

Section 4C - Issued capital 1[4C. Issued capital (1) The issued capital of the Development Bank of seven hundred and fifty-three crores of rupees which stands fully vested in and subscribed by the Central Government immediately before the commencement of the Industrial Development Bank of India (Amendment) Act, 1995 shall, on such commencement, stand divided into seventy-five crores and thirty lakh equity shares of rupees ten each. (2) The Board may, from time to time, increase the issued equity share capital of the Development Bank by allotment of shares to such persons and on such terms and conditions as the Board may determine: Provided that no increase in the issued equity capital shall be made in such a manner that the Central Government holds at any time less than fifty-one per cent of the issued equity capital of the Development Bank. ] _ _____________________ 1 . Inserted by Act 5 of 1995, sec. 5 (w.r.e.f. 12-10-1994).

Small Industries Developement Bank of India Act, 1989 Section 4C

Title: Issued Capital

State: Central

Year: 1989

1[4C. Issued capital (1) The issued capital, of the Small Industries Bank, of four hundred and fifty crores of rupees, immediately before the commencement of the Small Industries Development Bank of India (Amendment) Act, 2000, shall, on such commencement, stand divided into forty-five crores equity shares of rupees ten each. (2) The Board may, from time to time, increase the issued equity share capital or redeemable preference share capital of the Small Industries Bank by allotment of shares to such persons and on such terms and conditions as the Board may determine: Provided that no increase in the issued equity capital shall be made in such a manner that the Development Bank, the public sector banks, the General Insurance Corporation, the Life Insurance Corporation and other institutions owned or controlled by the Central Government, hold in aggregate at any time, less than fifty-one per cent. of the issued equity share capital of the Small Industries Bank.] ________________________ 1. Inserted by Act 7 of 2000, sec. 3 (w.e.f. 27-3-2000).

Insurance Act, 1938 (4 of 1938) Section 6

Title: Requirement as to Capital

State: Central

Year: 1938

.....under clause (i) or clause(ii), the deposit to be made under section 7 and any preliminary expenses incurredin the formation and registration of the company shall be excluded: Provided further that aninsurer carrying on business of life insurance, general insurance orre-insurance in India before the commencement of the Insurance Regulatory andDevelopment Authority Act, 1999 and who is required to be registered under this Act, shallhave a paid-up equity capital in accordance with clause (i) and clause (ii), asthe case may be, within six months of the commencement of that Act.] _______________________ 1.Substituted by Act 41 of 1999, section 30 and Schedule I, for section 6 (w.e.f.19-4-2000).

State Financial Corporations Act, 1951 Section 4

Title: Share Capital and Share-holders

State: Central

Year: 1951

..... (4) Subject to the other provisions contained in this Section, the allocation of shares among the parties referred to in Clauses (c) and (d) of Sub-section (3) and the allotment of such shares shall be made by the Financial Corporation in such manner as may be prescribed. 2[(5) If any shares allocated to any of the parties referred to in Clauses (c) and (d) of Sub-section (3) remain unsubscribed, they shall be subscribed for equally by the State Government and the3[Small Industries Bank].] ______________________ 1. Substituted by Act 39 of 2000, section 4, for sub-sections (10, (2) and (3) (w.e.f. 5-9-2000). 2. Substituted by Act 43 of 1985, section 4, for sub-section 95) (w.e.f. 21-8-1985). 3. Substituted by Act 39 of 2000, section 4 for "Development Bank" (w.e.f. 5-9-2000).