Bare Act Search Results

Estate Duty Act, 1953 [Repealed] Section 38

Title: Valuation of Interests in Expectancy

State: Central

Year: 1953

Where an estate includes an interest in expectancy, estate duty in respect of that interest shall be paid, at the option of the person accountable for the duty, either with the duty in respect of the rest of the estate or when the interest falls into possession, and if the duty is not paid with the estate duty in respect of the rest of the estate, then.- (a) for the purpose of determining the rate of estate duty in respect of the rest of the estate, the value of the interest shall be its value at the date of the death of the deceased ; and (b) the rate of estate duty in respect of the interest when in falls into possession shall be calculated according to its value when it falls into possession, together with the value of the rest of the estate as previously ascertained.

Estate Duty Act, 1953 [Repealed] Section 68

Title: Commutation of Duty in Respect of Interest in Expectancy

State: Central

Year: 1953

The Controller in his discretion may upon application by a person entitled to an interest in expectancy commute the 4estate duty which would or might but for the commutation become payable in respect of such interest of r accretion sum to be presently paid and for determining that sum shall cause a present value to be set upon such duty regard being had to the contingencies affecting the liability to and rate and amount of such duty and interest being reckoned at three per cent, and on the receipt of such sum the controller shall give a certificate accordingly.

Estate Duty Act, 1953 Complete Act

State: Central

Year: 1953

.....apply to- (a) gifts made in consideration of marriage, subject to a maximum of rupees then thousand in value; (b) gifts which are proved to the satisfaction of the Conroller to have been part of the normal expenditure of the deceased, subject to a maximum of rupees ten thousand in value.] SECTION 10: Gifts whenever made where donor not entirely excluded: Property taken under any gift, whenever made, shall be deemed to pass on the donor's death to the extent that bona fide possession and enjoyment of it was not immediately assumed by the donee and thence- forward retained to the entire exclusion of the donor or of any benefit to him by contract or otherwise: Provided that the property shall not be deemed to pass by reason only that it was not, as from the date of the gift, exclusively retained as aforesaid, if, by means of the surrender of the reserved benefit or otherwise, it is subsequently enjoyed the entire exclusion of the donor or of any benefit of him for at least [two years] before the death. [Provided further that a house or part thereof taken under any gift made to the spouse, son, daughter, brother or sister, shall not be deemed to pass on the donor's death by.....

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....in recent years in banking, especially the rapid growth of banking resources and of the number of banks and branches. Regard must also be had to the fact that the banking system is likely in the post-war period to be more vulnerable by reason of the great expansion, both quantitatively and relatively that has taken place in demand deposits, as compared with time deposits, during the war years. The enactment of a separate comprehensive measure has in consequence now become imperative. 2. With this object in view. a Bill to amend the law relating to Banking Companies was introduced in the Legislative Assembly in November. 1944 and was subsequently circulated for eliciting public opinion through the Provincial Governments, In the ensuing Budget Session of the Assembly the Bill was referred to a Select Committee which was due to meet in October, 1945. but it lapsed before its consideration by the Committee. A fresh Bill with certain modifications which suggested themselves on consideration of the opinions and criticisms received on the 1944 Bill was introduced in the Legislative Assembly in March 1946 and was referred to a Select Committee in April 1946. The report of the Select.....

Insurance Regulatory and Development Authority (Assets, Liabilities, and Solvency Margin of Insurers) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....Authority Act, 1999 (41 of 1999), or in any rules or regulations made thereunder, shall have the meanings respectively assigned to them in those Acts or rules or regulations. Regulation 3 Valuation of Assets .-Every insurer shall prepare a statement of the value of assets in Form IRDA- Assets- AA in accordance with Sch. I. Regulation 4 Determination of Amount of Liabilities Every insurer shall prepare a statement of the amount of liabilities in accordance with Sch. II-A, in respect of life insurance business, and in Form HG in accordance with Sch. II-B, in respect of general insurance business, as the case may be. Regulation 5 Determination of Solvency Margin .-Every insurer shall prepare a statement of solvency margin in accordance with Sch. III-A, in respect of life insurance business, and in Form KG in accordance with Sch. III-B, in respect of general insurance business, as the case may be. Regulation 6 Health Insurance Business Where the Insurer transacts health insurance business, providing health covers, the amount of liabilities shall be determined in accordance with the principles specified under these Regulations. Regulation 7 Business outside India Where.....

Foreign Exchange Regulation Act, 1973 [Repealed] Section 18

Title: Payment for Exported Goods

State: Central

Year: 1973

.....can be expected to receive on the sale of the goods in the overseas market. (7) For the purpose of ensuring compliance with the provisions of this section and any order or direction made thereunder, the Reserve Bank or the prescribed authority referred to in sub-section (1) may require any person making any export of goods to which a notification under clause (a) of (hat sub-section applies to exhibit contracts with his foreign buyer or other evidence to show that the full export value of the goods, or, as the case may be, the value which the exporter having regard to the prevailing market conditions, expects to receive on the sale of the goods in the overseas market, has been, or will within the prescribed period, be paid in the prescribed manner. (8) Without prejudice to the provisions of sub-section (1), where the Reserve Bank has permitted any authorised dealer to accept for negotiation or collection of shipping documents covering exports from his constituent [not being a person who has signed the declaration in terms of sub-section (1)], such authorised dealer shall, before accepting such documents for negotiation or collection, require the constituent concerned also to.....

Companies Act, 1956 Schedule 13

Title: Schedule 13

State: Central

Year: 1956

.....Act, 1957(27of 1957). (ix)the Income-lax Act, 1961(43of 1961). (x)the Customs Act, 1962(52of 1962). (xi)the Monopolies and Restrictive Trade Practices Act, 1969(54of 1969). (xii)the Foreign Exchange Regulation Act, 1973(46of 1973). (xiii)the Sick Industrial Companies (Social Provisions) Act, 1985(1of 1986). (xiv)the Securities and Exchange Boardof India Act, 1992(15of 1992). (xv)the Foreign Trade (Development and Regulation) Act, 1992(2of 1992); (b)he had not been detained for any period under the Conservation of ForeignExchange and Prevention of Smuggling Activities Act, 1974(52of 1974): Providedthat where the Central Government has given its approval to the appointment of aperson convicted or detained under sub-paragraph (a) or sub-paragraph (b), asthe case may be, no further approval of the Central Government shall benecessary for the subsequent appointment of that person if he had not been toconvicted or detained subsequent to such approval; 1 [(c)he has completed the age of twenty-five years and has not attained the age of 70years Providedthat where- (i)he has not completed the age of 25 years, but has attained the age of majority;or (ii)he has.....

Foreign Exchange Regulation Act, 1973 Complete Act

State: Central

Year: 1973

.....rule, notifica- tion, direction or order made thereunder, and where the said person refuses to comply with any such requirement or makes only unsatisfactory compliance therewith, the authorised dealer shall refuse to undertake the transaction and shall, if he has reason to believe that any such contravention or evasion as aforesaid is contemplated by the person, report the matter to the Reserve Bank. SECTION 07: MONEY-CHANGERS (1) The Reserve Bank may, on an application made to it in this behalf, authorise any person to deal in foreign currency. (2) An authorisation under this section shall be in writing and- (i) may authorise dealings in all foreign currencies or may be restricted to authorising dealings in specified foreign currencies only; (ii) may authorise transactions of all descriptions in foreign currencies or may be restricted to authorizing specified transactions only; (iii) may be granted with respect to a particular place where alone the money-changer shall carry on his business; (iv) maybe granted to be effective for a specified period, or within specified amounts; (v) may be granted subject to such conditions as may be specified therein. (3) Any authorisation.....

Geneva Conventions Act, 1960 Complete Act

State: Central

Year: 1960

.....power to sentence him to death or to imprisonment for a term of two years or more, shall not proceed with the trial until it is proved to the satisfaction of the Court that a notice containing the particulars mentioned in the next following sub-section, so far as they are known to the prosecutor, has been served not less than three weeks previously on the protecting power (if there is a protecting power) and, if the accused is a protected prisoner of war, on the accused and the prisoners' representative. (2) The particulars referred to in the foregoing sub-section are - (a) the full name and description of the accused, including the date of his birth and his profession or trade, if any, and, if the accused is protected prisoner of war, his rank and arm, regimental, personal or serial number; (b) his place of detention, internment or residence; (c) the offence with which he is charged- and (d) the Court before which the trial is to take place and the time and place appointed for the trial. (3) For the purposes of this section a document purporting - (a) to be signed on behalf of the protecting power or by the prisoners representative or by the person accused, as the case may.....

Geneva Convention Act 1960 Schedule IV

Title: Fourth Schedule

State: Central

Year: 1960

.....appropriate cases, a reasonable time limit, and after such warning has remained unheeded. (IV. Discontinuance of protection of hospitals) The fact that sick or wounded members of the armed forces are nursed in these hospitals, or the presence of small arms and ammunition taken from such combatants which have not yet been handed to the proper service, shall not be considered to be acts harmful to the enemy. Article 20 Persons regularly and solely engaged in the operation and administration of civilian hospitals, including the personnel engaged in the search for, removal and transporting of and caring for wounded and sick civilians, the infirm and maternity cases shall be respected and protected. (V. Hospital staff) In occupied territory and in zones of military operations, the above personnel shall be recognisable by means of an identity card certifying their status, bearing the photograph of the holder and embossed with the stamp of the responsible authority, and also by means of a stamped, water-resistant armlet which they shall wear on the left arm while carrying out their duties. This armlet shall be issued by the State and shall bear the emblem provided for in.....