Bare Act Search Results

General Insurance Business (Nationalisation) Act,1972 Section 24A

Title: Exclusive Privilege of Corporation and Acquiring Companies to Cease

State: Central

Year: 1972

1[24A. Exclusive privilege of Corporation and acquiring companies to cease Notwithstanding anything contained in this Act, the exclusive privilege of the Corporation and the acquiring companies of carrying on general insurance business in India shall cease on and from the commencement of the Insurance Regulatory and Development Authority Act, 1999 and the Corporation and the acquiring companies shall, thereafter, carry on general insurance business in India in accordance with the provisions of the Insurance Act, 1938 (4 of 1938) :] 2[ Provided that the Corporation shall, on and from the commencement of the General Insurance Business (Nationalisation) Amendment Act, 2002, cease to carry on general insurance busi­ness. ] _________________________ 1. Inserted by Act 41 of 1999, section 32 and Schedule III (w.e.f. 19-4-2000). 2. Inserted by Act 40 of 2002, section 7.

General Insurance Business (Nationalisation) Act,1972 Section 24

Title: Acquiring Companies to Have the Exclusive Privilege of Carrying on General Insurance Business

State: Central

Year: 1972

(1) Except to the extent expressly provided in this Act, on and from the appointed day, the Corporation and the acquiring companies shall have the exclusive privilege of carrying on general insurance business in India. (2) Subject to the provisions of section 36, any certificate of registration granted under the Insurance Act to any insurer other than an insurer referred to in sub-section (1) shall, on and from the appointed day, cease to have effect: Provided that nothing in this sub-section shall apply to the carrying on by the Life Insurance Corporation of life insurance business and capital redemption and annuity certain business.

General Insurance Business (Nationalisation) Act,1972 Chapter VII

Title: Miscellaneous

State: Central

Year: 1972

.....as it may direct. Section 34 - Reference to existing insurer in other laws Any reference to an existing insurer in any law other than this Act or any contract or other instrument shall, in so far as it relates to an acquiring company, be construed as a reference to that company. Section 35 - Application of Insurance Act Subject to such exceptions, restrictions and limitations, if any, as the Central Government may, by Notification, specify in this behalf, the Insurance Act shall apply to or in relation to the Corporation and every acquiring company as if the Corporation or the acquiring company, as the case may be, were an insurer carrying on general insurance business within the meaning of that Act. Section 35A - [Omitted] 1[ ***] _________________________ 1. Section 35A inserted by Act 26 of 1988, section (w.r.e.f. 1-4-1988) and omitted by Act 20 of 2002, section 158 (w.e.f. 1-6-2002). Section 36 - Exemptions (1) Nothing contained in this Act shall apply in relation to-- (a) any general insurance business carried on by a State Government, to the extent to which such insurance relates to properties belonging to it or undertakings owned wholly or.....

The Pondicherry Cooperative Societies Act, 1972 Complete Act

State: Pondicherry

Year: 1972

.....22, the rules made in this behalf or the by-laws of the society,- (a) any individual competent to contract under section 11 of the Indian Contract Act, 1872; (Central Act 9 of 1872) ; (b) any registered society ; (c) the Government, shall be eligible for admission as a member of a registered society : Provided that this section shall not apply in the case of a society formed exclusively for the benefit of the students of any college or school. Provided further that a Hindu undivided family as such shall not be eligible for admission s a member of a registered society: Provided also that persons who are minors or of unsound mind may be admitted as members of such class of registered societies as may be prescribed and such members shall possess only such privileges and rights of members and be subject only to such liabilities of members as may be prescribed : Provided also that in a society formed for the promotion of the economic interests of its members, through a specified activity no person other than one who is likely to be benefitted directly by such activity may be admitted as a member of such society unless such admission is permitted specifically by the.....

The Pondicherry Court Fees and Suits Valuation Act, 1972 Complete Act

State: Pondicherry

Year: 1972

.....II. 21. Fees to be computed to the nearest multiple of five paise. " In the determination and computation of the amount of fee payable under this Act, any fraction of five paise less than two and a half paise shall be disregarded and any fraction of five paise equal to, or exceeding, two and a half paise shall be regarded as five paise. 22. Suits for money. " In a suit money (including a suit for damages or compensation, or arrears of maintenance, of annuities, or of other sums payable periodically), fee shall be computed on the amount claimed. 23. Suits for maintenance and annuities. - In the suits herein after maintained, fee shall be computed as follows :- (a) in a suit for maintenance, on the amount claimed to be payable for one year; (b) in a suit for enhancement or reduction of maintenance, on the amount by which the annual maintenance is sought to be enhanced or reduced; (c) in a suit for annuities or other sums payable periodically, on five times the amount claimed to be payable for one year: Provided that, where the annuity is payable for less than five years, the fee shall be computed on the aggregate of the sums payable: Provided further that a suit.....

Finance Act 1972 Chapter III

Title: Direct Taxes-income-tax

State: Central

Year: 1972

.....: Provided that no deduction shall be made under this section from any payment made before the 1st day of June, 1972. 194C. Payments to contractors and sub-contractors. - (1) Any person responsible for paying any sum to any resident (hereafter in this section referred to as the contractor) for carrying out any work (including supply or labour for carrying out any work) in pursuance of a contract between the contractor and - (a) the Central Government or any State Government; or (b) any local authority; or (c) any corporation established by or under a Central, State or provincial Act; or (d) any company, shall, at the time of credit of such sum to the account of the contractor or at the time of payment thereof in cash or by issue of a cheque or draft or by any other mode, whichever is earlier, deduct an amount equal to 2 per cent. of such sum as income-tax on income comprised therein. (2) Any person (being a contractor and not being an individual or a Hindu undivided family) responsible for paying any sum to any resident (hereafter in this section referred to as the sub-contractor) in pursuance of a contract with the sub-contractor for carrying out, or for the.....

Pondicherry Courtfees and Suits Valuation Act, 1972 Complete Act

State: Central

Year: 1972

.....SECTION 21 : Fees to be computed to the nearest multiple of five paise In the determination and computation of the amount of fee payable under this Act any fraction of five paise less than two and a half paise shall be disregarded and any fraction of five paise equal to, or exceeding two and a half paise shall be regarded as five paise. SECTION 22 : Suits for money In a suit for money (including a suit for damage compensation, or arrears of maintenance, of annuities, or of other sums payable periodic fee shall be computed on the amount claimed. SECTION 23 : Suits for maintenance and annuities In the suits hereinafter mentioned, fee shall be computed as follows:- (a) in a suit for maintenance, on the amount claimed to be payable for one year; (b) in a suit for enhancement or reduction of maintenance, on the amount by which the annual maintenance is sought to be enhanced or reduced; (c) in a suit for annuities or other sums payable periodically, on five times the amount claimed to be payable for one year: Provided that, where the annuity is payable for less than five years, the fee shall be computed on the aggregate of the sums payable: Provided further that a suit for.....

General Insurance Business (Nationalisation) Act, 1972 Complete Act

State: Central

Year: 1972

.....Companies Act; (i) "Indian insurance company" means an existing insurer having a share capital who is a company within the meaning of the Companies Act; (j) "Insurance Act" means the Insurance Act, 1938; (k) Life Insurance Corporation" means the Life Insurance Corporation of India established under the Life Insurance Corporation Act, 1956; (l) "notification" means a notification published in the Official Gazette; (m) "prescribed" means prescribed by rules made under this Act; (n) "Schedule" means the Schedule to this Act; (o) "scheme" means the scheme framed under section 16-3[and also includes a scheme framed under section 17A-]; (p) words and expressions used in this Act but not defined herein and defined in the Insurance Act, shall have the meanings respectively assigned to them in that Act; (q) words and expressions used in this Act but not defined herein or in the Insurance Act and defined in the Companies Act, shall have the meanings respectively assigned to them in the Companies Act. Clause 3.- "The Committee feel that the Act should be made effective as early as possible and, for that purpose, there should be an overall time limit beyond which the implementation of the.....

General Insurance Business (Nationalisation) Act,1972 Complete Act

Title: General Insurance Business (Nationalisation) Act,1972

State: Central

Year: 1972

.....of acquiring company to seek relief in respect of certain transactions Section29 - Duty to deliver possession of property and documents relating thereto Section30 - Penalty for withholding property etc. Section31 - Officers and employees of Corporation or of acquiring companies to be public servants Section32 - Indemnity Section33 - Dissolution of Corporation and acquiring companies Section34 - Reference to existing insurer in other laws Section35 - Application of Insurance Act Section35A - [Omitted] Section36 - Exemptions Section37 - Vacancies, etc., not to invalidate proceedings Section38 - Protection of action taken in good faith Section39 - Power to make rules Section40 - Omission of section 14 of Act 17 of 1971 [Replealed] Schedule1 - THE SCHEDULE Amending Act1 - GENERAL INSURANCE BUSINESS (NATIONALISATION) AMENDMENT ACT, 2002

Limestone and Dolomite Mines Labour Welfare Fund Act, 1972 Complete Act

State: Central

Year: 1972

.....2 of the Mines Act, 1952-; (b) "factory" and "occupier" have the meanings respectively assigned to them in clauses (m) and (n) of section 2 of the Factories Act, 1948-;3[(bb) "Limestone" includes minerals like lime-shell, calcareous sand and sea sand essentially composed of lime shell, marl, kankar. or lime kankar;] (c) "manager" means the manager referred to in section 17 of the Mines Act, 1952-; (d) a person is said to be employed in a limestone or dolomite mine,- (1) if he is employed within the premises or in the vicinity of such mine by the owner, agent or manager of such mine or by a contractor or any other agency exclusively in any one or more of the following, namely:- (i) any limestone or dolomite mining operation; (ii) the operation, servicing, maintenance or repair of any machinery or any part thereof used in or about such mine; (iii) the loading, unloading or despatch of limestone or dolomite or any other material connected with the mining of limestone or dolomite; (iv) any work in any office, canteen or creche situate within the precincts of such mine; (v) any welfare, health, sanitary or conservancy services or any, watch and ward duties at any place situate within.....