Bare Act Search Results

Foreign Exchange Regulation Act, 1973 Complete Act

State: Central

Year: 1973

FOREIGN EXCHANGE REGULATION ACT, 1973 FOREIGN EXCHANGE REGULATION ACT, 1973 46 of 1973 An Act to consolidate and amend the law regulating certain payments, dealings in foreign exchange and securities, transactions indirectly affecting, foreign exchange and 'the import and export of currency 1[* * *], for the conservation of the foreign exchange resources of the country and the proper utilisation thereof in the interests of the economic development of the country Be it enacted by parliament in the twenty-fourth year of the republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT, APPLICATION AND COMMENCEMENT (1) This Act may be called the Foreign Exchange Regulation Act, 1973. (2) It extends to the whole of India. (3) It applies also to all citizens of India outside India and to branches and agencies outside India of companies or bodies corporate, registered or incorporated in India. (4) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint in this behalf: Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the.....

Finance Act 1973 Chapter 3

Title: Direct Taxes

State: Central

Year: 1973

.....the time being in force, of the management of any property or business;". Section 5 - Amendment of Section 35B In section 35B of the Income-tax Act, in sub-section (1), - (a) the Explanation shall be numbered, and shall be deemed to have been numbered, as Explanation 1, with effect from the 1st day of April, 1968; and (b) after Explanation 1 as so numbered, the following Explanation shall be inserted, and shall be deemed to have been inserted, with effect from the 1st day of April, 1968, namely :- "Explanation 2 : For the purposes of sub-clause (iii) and sub-clause (viii) of clause (b), expenditure incurred by an assessee engaged in the business of - (i) operation of any ship or other vessel, aircraft or vehicle, or (ii) carriage of, or making arrangements for carriage of, passengers, livestock, mail or goods, on or in relation to such operation or carriage to arrangements for carriage (including in each case expenditure incurred on the provision of any benefit, amenity or facility to the crew, passengers or livestock) shall not be regarded as expenditure incurred by the assessee on the supply outside India of services or facilities.". Section 6 - Amendment of.....

The Tripura Board of Secondary Education Act, 1973 Complete Act

State: Tripura

Year: 1973

.....such action, if any, as it proposes to take or has taken upon its communication. (3) If the Board does not, within a reasonable time, take action, to the satisfaction to the State Government, it may after consultation with the Board and after considering any explanation furnished or representation made by the Board, issue such directions consistent with this Act, as it may think fit, and the Board shall comply with such directions. (4) In any emergency which, in the opinion of State Government, requires that immediate action should be taken, the State Government may take such action, consistent with this Act, as it deems necessary without previous consultation with the Board and shall forthwith inform the Board of the action taken. Power of the State Government to ruspend the Board. 8. (1) The State Government shall have the power to suspend the Board, if in its opinion the Board has persistently made default in the performance of duties imposed on it by or under this Act. (2) In the event of suspension, all the members of the Board and its committees including the President shall vacate their offices, and the State Government shall appoint an Administrator who.....

Finance Act 1973 Section 13

Title: Amendment of Section 105

State: Central

Year: 1973

In section 105 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 1974, - (a) in clause (i), after the words "has distributed", the words, brackets and figures ",within the period of twelve months referred to in sub-section (1) of section 104," shall be inserted; (b) in clause (ii), after the words "whose distribution", the words, brackets and figures ",within the period of twelve months referred to in sub-section (1) of section 104," shall be inserted; (c) in clause (iii), after the words "has distributed", the words, brackets and figures ",within the period of twelve months referred to in sub-section (1) of section 104," shall be inserted; (d) the following Explanation shall be inserted at the end, namely :- Explanation : For the purposes of clause (iv) of this sub-section, "the sum distributed as dividends" means, - (a) where in relation to the assessment made under section 143 or section 144, any further distribution of dividends was made by the company in pursuance of a notice under this sub-section, the aggregate of the following sums, namely :- (i) the sum distributed as dividends within the period of twelve months referred to.....

North Eastern Hill University Act, 1973 Complete Act

State: Central

Year: 1973

.....taken upon the result of such inspection or inquiry. : (9) Where the Executive Council or the management does not, within a reasonable time, take action to the satisfaction of the Visitor, the Visitor may. after considering any explanation furnished or representation made by the Executive Council or management, issue such directions as he may think fit and the Executive Council or management, as the case may be, shall comply with such directions. (10) Without prejudice to the foregoing provisions of this section, the visitor may, by order in writing, annul any proceeding of the University which is not in conformity with this Act, the Statutes or Ordinances: Provided that before making any such order, he shall call upon the University to show cause why such an order should not be made, and if any cause is shown within a reasonable time, he shall consider the same. (11)The visitor shall have such other powers as may be prescribed by the Statutes. SECTION 09: CHIEF RECTOR -The Governor of the6[State of Meghalaya] shall be the Chief Rector of the University. SECTION 10: OFFICERS OF THE UNIVERSITY - The following shall be the officers of the University :- (1) The Chancellor; (2).....

The Pondicherry Village and Commune Panchayats Act, 1973 Complete Act

State: Pondicherry

Year: 1973

.....the body constituted for the administration of a commune panchayat under this Act; (7) "company" means any company is defined in the Companies Act, 1956 (Central Act 1 of 1956), and includes " (a) any foreign company within the meaning of section 591 of that Act: (b) any co-operative society registered or deemed to be registered under the law relating to co-operative societies for the time being in force; and (c) any body corporate, or any firm or association carrying on business in the Union territory whether incorporated or not and whether its principal place of business is situated in the said Union territory or not; (8) "Director" means a Director appointed under section 195 and also includes any officer authorized by the Government to exercise the powers and perform the duties of the Director; (9) "election authority" means such authority, not being president or vice-president or a member of the village panchayat or the chairman or vice-chairman or a member of the commune panchayat council as the Government may, by notification, appoint; (10) "executive authority" means, in the case of a village panchayat having an executive officer, the executive officer.....

Foreign Exchange Regulation Act, 1973 [Repealed] Section 2

Title: Definitions

State: Central

Year: 1973

.....a coupon representing dividends or interest on a security; (f) "currency" includes all coins, currency notes, bank notes, postal notes, postal orders, money orders, cheques, drafts, traveller's cheques, letters of credit, bills of exchange and promissory notes; (g) "foreign currency" means any currency other than Indian currency; (h) "foreign exchange" means foreign currency and includes-- (i) all deposits, credits and balances payable in any foreign currency and any drafts, traveller's cheques, letters of credit and bills of exchange, expressed or drawn in Indian currency but payable in any foreign currency; (ii) any instrument payable, at the option of the drawee or holder thereof or any other patty thereto, either in Indian currency or in foreign currency or partly in one and partly in the other; (i) "foreign security" means any security created or issued elsewhere than in India, and any security the principal of or interest on which is payable in any foreign currency or elsewhere than in India; 1[* * * * *] (k) "Indian currency" means currency which is expressed or drawn in Indian rupees but does not include special bank notes and special one rupee notes.....

Finance Act 1973 Section 12

Title: Amendment of Section 104

State: Central

Year: 1973

In section 104 of the Income-tax Act, with effect from the 1st day of April, 1974, - (a) in sub-section (1), after the words "the amount of dividends actually distributed, if any", the words ",within the said period of twelve months" shall be inserted; (b) in sub-section (2), in clauses (i) and (ii), after the words "the payment of a dividend or a large dividend than that declared", the words, brackets and figure "within the period of twelve months referred to in sub-section (1)" shall be inserted.

Finance Act, 1973 Complete Act

State: Central

Year: 1973

.....and collection of the duties of customs on such goods under that Act or those rules and regulations, as the case may be. SECTION 26: . AMENDMENT OF ACT I OF 1949 This Act is repealed by Act 51 of 1975. SECTION 27: AMENDMENT OF ACT 1 OF 1944 TheCentral Excises and Salt Act, 1944-(hereinafter referred to as the Central Excises Act) shall be amended in the manner specified in the Third Schedule. SECTION 28: AUXILIARY DUTIES OF EXCISE. (1) In the case of goods mentioned in the First Schedule to the Central Excise Act, or in that Schedule as amended from time to time, there shall be levied and collected as an auxiliary duty of excise an amount equal to twenty per cent. of the value of the goods as determined in accordance with the provisions ofsection 4 of the Central Excises Act-. (2) Sub-section (1) shall cease to have effect after the 31st day of March, 1974, except as respects things done or omitted to be done before such cesser andsection 6 of the General Clauses Act. 1897(3) The auxiliary duties of excise referred to in sub-section (1) shall be in addition to any duties of excise chargeable on such goods under the Central Excises Act or any other law for the time being in.....

North-eastern Hill University Act, 1973 Schedule I

Title: Schedule

State: Central

Year: 1973

.....have the right toadvise the Executive Council and the Academic Council on any academic matter. (3) On the date determined bythe Visitor under sub-section (3) of section 23, this Statute shall cease tohave effect. 17. Schools of Studies andDepartments (1) The University shall havesuch Schools of studies as may be specified by the Ordinances. (2) Every School shall have aSchool Board. The members of the first school Board shall be nominated by theExecutive Council and shall hold office for a period of three years. (3) The powers and functions ofa School Board shall be prescribed by the Ordinances. (4) The conduct of the meetingsof a School Board and the quorum required for such meetings shall be prescribedby the Ordinances. (5)(a) Each School shallconsist of such Departments as may be assigned to it by the Ordinances, (b) No Department shall beestablished or abolished except by these Statutes: Provided that the ExecutiveCouncil may, on the recommendation of the Academic Council, establish Centres ofStudies to which may be assigned such teachers of the University as theExecutive Council may consider necessary. (c) Each Department shallconsist of the following.....