Bare Act Search Results

The Tripura Excise Act, 1987 Complete Act

State: Tripura

Year: 1987

THE TRIPURA EXCISE ACT, 1987 THE TRIPURA EXCISE ACT, 1987 An Act to consolidate und amend the Laws relating to duties of excise in Tripura . Be it enacted by the Tripura Legislative Assembly in the Thirty Eighth year of the Republic of India as follows :- CHAPTER I Preliminary 1. Short title, Extent and Commencement - (1) This Act may be called the Tripura Excise Act, 1987. (2) It extends to the whole of Tripura. (3) It shall come into force immediately. 2. Definitions - (1) In this Act, unless there is anything repugnant in the subject or context, (a) "beer" includes ale, stout, porter and other fermented liquor made from malt; and such other substances as the state Government may specify on this behalf. (b) "bottle" means to transfer liquor from a cask or other vessel to a bottle or other receptacle for the purpose of sale, whether any process of rectification be employed or not; and includes re-bottling. (c) "Collector" means the Collector of the District and includes any officer appointed by the State Government to exercise and perform all or any of the powers and functions of the Collector under this Act; (d) "denaturant" means any substance prescribed for.....

Goa, Daman and Diu Reorganisation Act, 1987 Part VI

Title: Assets and Liabilities

State: Central

Year: 1987

.....to that State. Section 39 - Investments in and loans, etc. to certain corporate bodies Where any body corporate constituted under a Central Act or a State Act for the existing Union territory, or any part thereof, has, by virtue of the provisions of Part II, become an inter-State body corporate, the investments in, or loans or advances to, any such body by the Union made before the appointed day shall be divided between the State of Goa and the Union in such manner as may be agreed between them before the expiration of one year from the appointed day, or in default of such agreement in such manner as the Central Government may, by order, direct. Section 40 - Assets and liabilities of State undertakings The assets and liabilities relating to any commercial undertaking of the existing Union territory shall,-- (a) if the undertaking is located in the district of Goa of the existing Union territory, pass to the State of Goa; (b) if the undertaking is located in the district of Goa of the well as the districts of Daman and Diu, of the existing Union territory, be divided in such manner as may be agreed upon between the State of Goa and the Union before the expiration.....

Goa, Daman and Diu Reorganisation Act, 1987 Section 45

Title: Contracts

State: Central

Year: 1987

.....such case as is referred to in Clause (b), the initial allocation of rights and liabilities made by this sub-section shall be subject to such financial adjustments as may be agreed upon between the State of Goa and the Union or in default of such agreement, as the Central Government may, by order, direct. (2) For the purposes of this section, there shall be deemed to be included in the liabilities which have accrued or may accrue under any contract-- (a) any liability to satisfy an order or award made by any Court or other tribunal in proceedings relating to the contract; and (b) any liability in respect of expenses incurred in, or in connection with, any such proceedings. (3) This section shall have effect subject to the other provisions of this Part relating to the apportionment of liabilities in respect of loans, guarantees and other financial obligations.

Goa, Daman and Diu Reorganisation Act, 1987 Complete Act

State: Central

Year: 1987

.....allotted to that State. SECTION 39: INVESTMENTS IN AND LOANS, ETC. TO CERTAIN CORPORATE BODIES Where any body corporate constituted under a Central Act or a State Act for the existing Union territory, or any part thereof, has, by virtue of the provisions of Part II, become an inter-State body corporate, the investments in, or loans or advances to, any such body by the Union made before the appointed day shall be divided between the State of Goa and the Union in such manner as may be agreed between them before the expiration of one year from the appointed day, or in default of such agreement in such manner as the Central Government may, by order, direct. SECTION 40: ASSETS AND LIABILITIES OF STATE UNDERTAKINGS - The assets and liabilities relating to any commercial undertaking of the existing Union territory shall,- (a) if the undertaking is located in the district of Goa of the existing Union territory, pass to the State of Goa; (b) if the undertaking is located in the district of Goa of the well as the districts of Daman and Diu, of the existing Union territory, be divided in such manner as may be agreed upon between the State of Goa and the Union before the expiration of one.....

Finance Act, 1987 Chapter III

Title: Direct Taxes

State: Central

Year: 1987

.....immovable property to be taken or retained in part performance of a contract of the nature referred to in section 53A of the Transfer of Property Act, 1882 (4 of 1882); or (vi) any transaction (whether by way of becoming a member of, or acquiring shares in, a co-operative society, company or other association of persons or by way of any agreement or any arrangement or in any other manner whatsoever) which has the effect of transferring, or enabling the enjoyment of, any immovable property. Explanation : For the purposes of sub-clauses (v) and (vi), "immovable property" shall have the same meaning as in clause (d) of section 269UA Section 4 - Amendment Of Section 10 In section 10 of the Income-tax Act, - (a) after clause (10B), the following clause shall be inserted, namely :- "(10C) any payment received by an employee of a public sector company at the time of his voluntary retirement in accordance with any scheme which the Central Government may, having regard to the economic viability of such company and other relevant circumstances, approve in this behalf." (b) in clause (15), - (i) in sub-clause (ii), - (A) in the opening paragraph, for the words, brackets.....

Finance Act, 1987 Section 15

Title: Substitution of New Section for Section 48

State: Central

Year: 1987

.....allowed in accordance with clauses (1) and (2) of this proviso : Provided further that, in relation to the amount referred to in clause (b) of sub-section (5) of section 45, the initial deduction of ten thousand rupees under clause (a) of this sub-section shall be reduced by the deduction already allowed under clause (a) of section 80T in the assessment for the assessment year commencing on the 1st day of April, 1987, or any earlier assessment year or, as the case may be, by the deduction allowed under clause (a) of this sub-section in relation to the amount of compensation or consideration referred to in clause (a) of sub-section (5) of section 45 and references to ten thousand rupees in clauses (a) and (b) of this sub-section shall be construed as references to such reduced amount, if any. (3) The deductions specified in sub-section (2) shall be made also for the purposes of computing any loss under the head "Capital gains" in so far as it pertains to any long-term capital asset and, for this purposes, any reference in that sub-section to the amount of long-term capital gain arrived at after making the deductions under clause (a) of sub-section (1) shall be construed as.....

National Housing Bank Act, 1987 Chapter V

Title: Provision Relating to Housing Finance Institutions Receiving Deposits

State: Central

Year: 1987

In this Chapter the term 'deposit' shall have the meaning assigned to it in section 45-I of the Reserve Bank of India Act, 1934. Section 29 - Chapter not to apply in certain cases (1) The provisions of this Chapter shall not apply to deposits accepted by a housing finance institution which is a firm or an unincorporated association of individuals. (2) For the removal of doubts, it is hereby declared that the firms and unincorporated associations of individuals referred to in sub-section (1) shall continue to be governed by the provisions of Chapter III C of the Reserve Bank of India Act, 1934. Section 29A - Requirement of registration and net owned fund 1[29A. Requirement of registration and net owned fund (1) Notwithstanding anything contained in this Chapter or in any other law for the time being in force, no housing finance institution which is a company shall commence or carry on the business of a housing finance institution without- (a) obtaining a certificate of registration issued under this Chapter; and (b) having the net owned fund of twenty-five lakh rupees or such other higher amount, as the National Housing Bank may, by notification, specify. (2).....

National Housing Bank Act, 1987 Section 36B

Title: Nomination by Depositors

State: Central

Year: 1987

.....depositor or, as the case may be, all the depositors together may nominate, in the manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949) one person to whom in the event of the death of the sole depositor or the death of all the depositors, the amount of deposit may be returned by the housing finance institution. (2) Notwithstanding anything contained in any other law for the time being in force, or in any deposition, whether testamentary or otherwise, in respect of such deposit, where a nomination made purports to confer on any person the right to receive the amount of deposit from the housing finance institution, the nominee shall, on the death of the sole depositor or, as the case may be, on the death of all the depositors, become entitled to all the rights of the sole depositor or, as the case may be, of the depositors, in relation to such deposit to the exclusion of all other persons, unless the nomination is varied or cancelled in the manner prescribed by rules made by the Central Government under section 45ZA of the Banking Regulation Act, 1949 (10 of 1949). (3) Where the nominee is a minor, it.....

Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act, 1987 Chapter IV

Title: Management, Etc., of the Undertakings of the Company

State: Central

Year: 1987

.....relation to which have vested in the Central Government under section 3, shall, where a direction has been made buy the Central Government under sub-section (1) of section 6, vest in Andrew Yule, and thereupon Andrew Yule shall be entitled of exercise, to the exclusion of all other persons, all such powers and do all such things as the Company was authorised to exercise and do in relation to its undertakings. Section 10 - Duty of persons incharge of management of the undertakings of the Company to deliver all assets, etc. (1) On the vesting of the management of the undertaking of the Company in Andrew Yule, all persons in charge of the management of the undertakings of the Company immediately before such vesting shall be bound to deliver to Andrew Yule all assets, books of account, registers or other documents in their custody relating to the undertakings of the company. (2) The Central Government may issue such directions as it may deem desirable in the circumstances of the case to Andrew Yule as to its powers and duties and Andrew Yule may also, if it so desires, apply to the Central Government at any time for instructions as to the manner in which the management of the.....

Brentford Electric (India) Limited (Acquisition and Transfer of Undertakings) Act, 1987 Section 9

Title: Management, Etc., of the Undertakings of the Company

State: Central

Year: 1987

The general superintendence, direction, control and management of the affairs and business of the undertakings of the Company, the right, title and interest in relation to which have vested in the Central Government under section 3, shall, where a direction has been made buy the Central Government under sub-section (1) of section 6, vest in Andrew Yule, and thereupon Andrew Yule shall be entitled of exercise, to the exclusion of all other persons, all such powers and do all such things as the Company was authorised to exercise and do in relation to its undertakings.