Bare Act Search Results

Finance (No. 2) Act 2009 Chapter III

Title: Direct Taxes

State: Central

Year: 2009

.....For the purposes of this sub-clause,-- (a) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and, where employees' stock option has been granted under any plan or scheme therefor, includes the securities offered under such plan or scheme; (b) "sweat equity shares" means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called; (c) the value of any specified security or sweat equity shares shall be the fair market value of the specified security or sweat equity shares, as the case may be, on the date on which the option is exercised by the assessee as reduced by the amount actually paid by, or recovered from, the assessee in respect of such security or shares; (d) "fair market value" means the value determined in accordance with the method as may be prescribed; (e) "option" means a right but not an obligation granted to an employee to apply for the specified security or sweat equity.....

Ymca University of Science and Technology Faridabad Act, 2009 Complete Act

State: Haryana

Year: 2009

YMCA UNIVERSITY OF SCIENCE AND TECHNOLOGY FARIDABAD ACT, 2009 YMCA UNIVERSITY OF SCIENCE AND TECHNOLOGY FARIDABAD ACT, 2009 [Act No. 21 of 2009] PREAMBLE An Act To upgrade YMCA Institute of Engineering, Faridabad into a leading teacking-cum-affiliating University to facilitate and promote studies and research in emerging areas of higher education with focus on new frontiers of science, engineering, technology, management studies, non-conventional energy sources and environmental studies, and also to achieve excellence in these and connected fields. Be it enacted by the Legislature of the State of Haryana in its Sixtieth Year of the Republic of India as follows:-- Section 1 - Short title and commencement (1) This Act may be called YMCA University of Science and Technology Faridabad Act, 2009. (2) It shall come into force on such date as the Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act and in all the Statutes, Ordinances and Regulations made thereunder, unless the context otherwise requires,-- (a) "All India Council for Technical Education" means All India Council for Technical Education.....

Finance (No. 2) Act 2009 Section 37

Title: Amendment of Section 80-ib

State: Central

Year: 2009

In section 80-IB of the Income-tax Act,-- (a) for sub-section (9), the following sub-section shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 2000, namely:-- '(9) The amount of deduction to an undertaking shall be hundred per cent. of the profits for a period of seven consecutive assessment years, including the initial assessment year, if such undertaking fulfils any of the following, namely:-- (i) is located in North-Eastern Region and has begun or begins commercial production of mineral oil before the 1st day of April, 1997; (ii) is located in any part of India and has begun or begins commercial production of mineral oil on or after the 1st day of April, 1997; (iii) is engaged in refining of mineral oil and begins such refining on or after the 1st day of October, 1998. Explanation.-- For the purposes of claiming deduction under this sub-section, all blocks licensed under a single contract, which has been awarded under the New Exploration Licencing Policy announced by the Government of India vide Resolution No. O-19018/22/95-ONGDO.VL, dated 10th February, 1999 or has been awarded in pursuance of any law for the.....

Salaries and Allowances of Ministers (Amendment) Act, 2009 Section 2

Title: Amendment of Section 6 of Act 58 of 1952

State: Central

Year: 2009

In section 6 of the Salaries and Allowances of Ministers Act, 1952, for sub-section (1A), the following sub-section shall be substituted, namely: "(1A) A Minister shall be entitled to an amount equal to the fare for a single journey performed by him, during each year, within India, either alone or along with spouse or legitimate or step children, residing with and wholly dependent on him, or any number of companions or relatives, at the same rates at which travelling allowance is payable to such Minister under clause (b) of sub-section (1) in respect of tours referred to in that clause, subject to a maximum of forty-eight such fares per year: Provided that the spouse or legitimate or step children residing with and wholly dependent on the Minister, as the case may be, may undertake such journey alone.".

Finance (No.2) Act, 2009 Complete Act

State: Central

Year: 2009

.....Parliament in the Sixtieth Year of the Republic of India as follows CHAPTER 1: Preliminary: Section 1: Short title and commencement: (1) This Act may be called the Finance (No. 2) Act, 2009. (2) Save as otherwise provided in this Act, sections 2 to 83 shall be deemed to have come into force on the 1st day of April, 2009. CHAPTER 2: RATES OF INCOME-TAX SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2009, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax shall be increased by a surcharge, for purposes of the Union, calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh fifty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income.....

Central Universities Act 2009 Schedule II

Title: Second Schedule

State: Central

Year: 2009

.....meeting of the Council be held in the beginning of the academic session. 37. Ordinances. how to be made. (1) The first Ordinances made under sub-section (2) of section 28 may be amended, repealed or added to at any time by the Executive Council in the manner specified in the following sub-clauses. (2) No Ordinances in respect of the matters enumerated in sub-section (1) of section 28 of this Act shall be made by the Executive Council unless a draft of such Ordinances has been proposed by the Academic Council. (3) The Executive Council shall not have power to amend any draft of any Ordinances proposed by the Academic Council under clause (2), but may reject the proposal or return the draft to the Academic Council for re-consideration, either in whole or in part, together with any amendment which the Executive Council may suggest. (4) Where the Executive Council has rejected or returned the draft of an Ordinances proposed by the Academic Council, the Academic Council may consider the question afresh and in case the original draft is reaffirmed by a majority of not less than two-thirds of the members present and voting and more than half the total number of members of the.....

Finance (No. 2) Act 2009 Section 32

Title: Amendment of Section 80dd

State: Central

Year: 2009

In section 80DD of the Income-tax Act, in sub-section (1), in the proviso, for the words "seventy-five thousand rupees", the words "one hundred thousand rupees" shall be substituted with effect from the 1st day of April, 2010. 32. Amendment of section 80E.-- In section 80E of the Income-tax Act, in sub-section (3), with effect from the 1st day of April, 2010,-- (i) for clause (c), the following clause shall be substituted, namely:-- '(c) "higher education" means any course of study pursued after passing the Senior Secondary Examination or its equivalent from any school, board or university recognised by the Central Government or State Government or local authority or by any other authority authorised by the Central Government or State Government or local authority to do so;'; (ii) for clause (e), the following clause shall be substituted, namely:-- '(e) "relative", in relation to an individual, means the spouse and children of that individual or the student for whom the individual is the legal guardian.'.

Central Universities Act 2009 Section 38

Title: Filling of Casual Vacancies

State: Central

Year: 2009

All casual vacancies among the members (other than ex officio members) of any authority or other body of the University shall be filled, as soon as may be, by the person or body who appoints, elects or co-opts the member whose place has become vacant and the person appointed, elected or co-opted to a casual vacancy shall be a member of such authority or body for the residue of the term for which the person whose place he fills would have been a member.

Central Universities Act, 2009 Complete Act

State: Central

Year: 2009

.....and with the same rights and privileges as to pension, leave, gratuity, provident fund and other matters as he would have held the same if this Act had not been enacted and shall continue to do so unless and until his employment is terminated or until such tenure, remuneration and terms and conditions are duly altered by the Statutes: Provided that if the alteration so made is not acceptable to such employee, his employment may be terminated by the University in accordance with the terms of the contract with the employee or, if no provision is made therein in this behalf, on payment, to him by the University, of compensation equivalent to three months' remuneration in case of permanent employees and one month's remuneration in the case of other employees: Provided further that every person employed before the commencement of this Act, pending the execution of a contract under section 33, shall be deemed to have been appointed in accordance with the provisions of a contract consistent with the provisions of this Act and the Statutes: Provided also that any reference, by whatever form of words, to the Vice- Chancellor and Pro-Vice-Chancellor of Guru Ghasidas.....

The Delhi Excise Act, 2009 Complete Act

State: Delhi

Year: 2009

.....that labelling of bottles or unit packages, in ported into India or into Delhi, to comply with statutory requirements shall not be construed as manufacture; (50) "manufacturer" mean any person who manufactures intoxicants and includes a manufacturer of alcohol subject to excise duty under the Central Excise Act, 1944 (1 of 1944); (51) "molasses" means heavy viscous liquid produced, in the final stage of manufacture of gur or sugar including khandsari, sugar from sugar cane or gur, when liquid as such or in any form or ad-mixture containing sugar which can be fermented; (52) "MRP" means the maximum price at which the liquor may be sold to the ultimate consumer and shall include all taxes, freight, transport charges, commission or trade margin payable to dealers, and all charges towards marketing, delivery, packing, forwarding and the like as the case may be; (53) "notification' means a notification issued under this Act and the rules framed thereunder and published in the official Gazette; (54) "officer-in-charge" means the excise officer authorized to supervise and control manufactory or warehouse; (55) "pachwai" means fermented rice, millet or other grain, and.....