Bare Act Search Results

Bombay Provincial Municipal Corporation Act, 1949 Complete Act

State: Maharashtra

Year: 1949

.....Corporation is inserted. (iv) any joint stock company or any society, registered or deemed to be registered under the Bombay Co-operative Societies Act, 19251[which shall contract with or be employed by the Commissioner or the Transport Manager on behalf of the Corporation ; (v) the occasional sale to the Commissioner or Transport manager on behalf of the Corporation of any article in which he regularly trades to a value not exceeding in the aggregate in any one official year two thousand rupees; or (vi) the occasional letting out on hire to the Corporation or in the hiring from the Corporation of any article for an amount not exceeding in the aggregate in any one official year five hundred rupees ; (c) occupying as a tenant for the purpose of residence any premises belonging to the Corporation ; or (d) receiving conveyance charges as a member of the Transport Committee. SECTION 11: DISABILITIES FROM CONTINUING AS COUNCILLOR A Councillor shall cease to hold office as such if at any time during his term of office he, (a) becomes disqualified for being a Councillor by reason of the provisions of section 10 ; (b) absents himself during three successive months from the meetings of.....

Banking Regulation Act, 1949 Section 10A

Title: Board of Directors to Include Persons with Professional or Other Experience

State: Central

Year: 1949

..... (7) Every director elected or,as the case may be, appointed under this section shall hold office until thedate up to which his predecessor would have held office, if the election hadnot been held, or, as the case may be, the appointment had not been made. (8) No act or proceeding of theBoard of directors of a banking company shall be invalid by reason only of anydefect in the composition thereof or on the ground that it is subsequentlydiscovered that any of its members did not fulfil the requirements of thissection. ___________________ 1. Section 10A to 10D Inserted by Act 58 of 1968, Section 3 w.e.f.1-2-1969. 2. Inserted by Act 1 of 1984, Section 16 w.e.f. 15-2-1984.

Constitution of India Complete Act

State: Central

Year: 1949

.....of this Constitution if- (a) he or either of his parents or any of his grand- parents was born in India as defined in (Government of India Act, 1935) (as originally enacted); and (b) (i) in the case where such person has so migrated before the nineteenth day of July, 1948. he has been ordinarily resident in the territory of India since the date of his migration, or (ii) in the case where such person has so migrated on or after the nineteenth day of July, 1948, he has been registered as a citizen of India by an officer appointed in that behalf by the Government of the Dominion of India on an application made by him therefor to such officer before the commencement of this Constitution in the form and manner prescribed by that Government : Provided that no person shall be so registered unless he has been resident in the territory of India for at least six months immediately preceding the date of his application. ARTICLE 7: Rights of citizenship of certain migrants to Pakistan: Notwithstanding anything in (Art.5) and (Art.6), a person who has after the first day of March, 1947, migrated from the territory of India to the territory now included in Pakistan shall not be.....

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....on 19-9-1949. This Act now incorporates the provisions contained therein in the Banking Companies Act. 1949 as a pernabebt basis, in addition. this Act also amends the said Act for the following purposes :- (a) to incorporate special provisions for facilitating quick amalgamations between banking companies: (b) to empower the Reserve Bank to control opening of branches by Indian banks in foreign countries: (c) to provide a meaning of the terms "assets in India" for the purpose of section 25.-Gaz. of Ind.. 24-12-1949. Pt. V. p:501. Act 52 of 1953.- The Banking Companies Act. 1949 (X of 1949) was passed to ensure proper administration of the banking companies in India. The liquidation of banks, however, continued to be governed by the provisions of the Indian Companies Act, 1913. Experience of the liquidation of a large number of banks that failed during the post-war and post-partition period disclosed that the procedure for the liquidation of joint stock companies was totally inadequate for the liquidation of banking companies in a manner satisfactory to the depositors. A bank has a far larger number of debtors than a joint stock company of a comparable size, and the necessity to.....

Banking Regulation Act, 1949 Part 2

Title: Business of Banking Companies

State: Central

Year: 1949

.....of guarantee and indemnity business; (f) managing, selling andrealising any property which may come into the possession of the company insatisfaction or part satisfaction of any of its claims; (g) acquiring and holding andgenerally dealing with any property or any right, title or interest in any suchproperty which may form the security or part of the security for any loans or advancesor which may be connected with any such security; (h) undertaking and executingtrusts; (i) undertaking theadministration of estates as executor, trustee or otherwise; (j) establishing and supportingor aiding in the establishment and support of associations, institutions,funds, trusts and conveniences calculated to benefit employees or ex-employeesof the company or the dependents or connections of such persons; grantingpensions and allowances and making payments towards insurance; subscribing toor guaranteeing moneys for charitable or benevolent objects or for anyexhibition or for any public, general or useful object; (k) the acquisition,construction, maintenance and alteration of any building or works necessary orconvenient for the purposes of the company; (l) selling,.....

Chartered Accountants Act, 1949 Chapter II

Title: The Institute of Chartered Accountants of India

State: Central

Year: 1949

..... 1. Substituted for the words "acceding States" by A. L. O. 1950. 2. Substituted by the Chartered Accountants (Amendment) Act, 1955 (40 of 1955), Section 2 (21-10-1955). 3. Substituted by the Chartered Accountants (Amendment) Act, 2006, dated 22nd March, 2006. Prior to substitution, it read as under:- "(3) Every person belonging to any of the classes mentioned in clauses (ii), (iii), (iv), (v) and (vi) of sub-section (1) shall have his name entered in the Register on application being made and granted in the prescribed manner and on payment of the prescribed fee, which shall not exceed rupees three hundred in any case." Section 5 - Fellows and associates (1) The members of the Institute shall be divided into two classes designated respectively as associates and fellows. (2) Any person shall, on his name being entered in the Register, be deemed to have become an associate member of the Institute and be entitled to use the letters A. C. A. after his name to indicate that he is an associate member of the Institute of Chartered Accountants. 2[(3) A member, being an associate who has been in continuous practice in India for at.....

Chartered Accountants Act, 1949 Section 5

Title: Fellows and Associates

State: Central

Year: 1949

.....A member, being an associate who has been in continuous practice in India for at least five years, whether before or after the commencement of this Act, or whether partly before and partly after the commencement of this Act, and a member who has been an associate for a continuous period of not less than five years and who possesses such qualifications as the Council may prescribe with a view to ensuring that he has experience equivalent to the experience normally acquired as a result of continuous practice for a period of five years as a chartered accountant shall, on payment of such fees, as may be determined, by notification, by the Council, which shall not exceed rupees five thousand and on application made and granted in the prescribed manner, be entered in the Register as a fellow of the Institute and shall be entitled to use the letters F. C. A. after his name to indicate that he is a fellow of the Institute of Chartered Accountants: Provided that the Council may with the prior approval of the Central Government, determine the fee exceeding rupees five thousand, which shall not in any case exceed rupees ten thousand.] ________________________ 1. Substituted by the.....

The Tamil Nadu Preservation of Private Forest Act, 1949 Complete Act

State: Tamil Nadu

Year: 1949

THE TAMIL NADU PRESERVATION OF PRIVATE FOREST ACT, 1949 THE TAMIL NADU PRESERVATION OF PRIVATE FOREST ACT, 1949. TAMIL NADU ACT XXVII OF 1949. (Received the assent of the Governor-General on the 10th December 1949, first published in the Fort St.George Gazette, Extra ordinary on the 14th December 1949.) An Act to prevent the indiscriminate destruction of private forests and interference with customary and prescriptive rights therein and for certain other purposes WHEREAS it is necessary, to prevent the indiscriminate destruction of private forests and interference with customary and prescriptive rights therein: It is hereby enacted as follows:- 1. (1) This Act may be called the Tamil Nadu Preservation of Private Forests Act, 1949. 2. It applies (i) * * * * (ii) to forests situated in estates as defined in the Tamil Nadu Estates Land Act, 1908, in the State of Tamil Nadu ; (iii) to private forests situated in other areas in the State of Tamil Nadu and having a contiguous area exceeding forests for the purposes of this Act, by notification, in the District Gazette, but does not apply to reserved forests constituted under the Tamil Nadu Forest Act,.....

Banking Regulation Act, 1949 Part 3

Title: Suspension of Business and Winding Up of Banking Companies

State: Central

Year: 1949

.....sections. 4 and 7; Act 23 of 1955, Section 53 and Schedule IV; Act 79 of 1956, Section 43 and Schedule II; Act 95 of 1956, Section 14 and Schedule; Act 33 of 1959, Section 27 and Act 37 of 1960, Section 2. to read as above. 2. Section 39 renumbered as sub-section (1) of that section by Act 58 of 1968, Section 16 w.e.f. 1-2-1969. 3. Inserted by Act 58 of 1969, Section 16 with retrospective effect. Section 39A - Application of Companies Act to liquidators 1[39A. Application of Companies Act to liquidators.- (1) All the provisions of the Companies Act, 1956 (1 of 1956), relating to a liquidator, in so far as they are not inconsistent with this Act, shall apply to or in relation to a liquidator appointed under section 38A or section 39. (2) Any reference to the "official liquidator" in this Part and Part IIIA shall be construed as including a reference to any liquidator of a banking company. ] ______________________ 1. Inserted by 33 of 1959, Section 28 w.e.f. 1-10-1959. Section 40 - Stay of proceedings Notwithstanding anything to the contrary contained in 1[section 466 of the Companies Act, 1956 (1 of 1956)], the 2[High Court] shall not make any order staying.....

Banking Regulation Act, 1949 Section 45

Title: Power of Reserve Bank to Apply to Central Government for Suspension of Business by a Banking Company and to Prepare Scheme of Reconstitution of Amalgamation

State: Central

Year: 1949

.....orfor the maintenance of the business of the banking company; (g) the payment incash or otherwise to depositors and other creditors in full satisfaction oftheir claim- (i) in respect oftheir interest or rights in or against the banking company before itsreconstruction or amalgamation; or (ii) where theirinterest or rights aforesaid in or against the banking company has or have beenreduced under clause (f), in respect of such interest or rights as so reduced; (h) the allotmentto the members of the banking company for shares held by them therein beforeits reconstruction or amalgamation whether their interest in such shares hasbeen reduced under clause (f) or not, of shares in the banking company on itsreconstruction or, as the case may be, in the transferee bank and where anymembers claim payment in cash and not allotment of shares, or where it is notpossible to allot shares to any members, the payment in cash to those membersin full satisfaction of their claim- (i) in respect oftheir interest in shares in the banking company before its reconstruction oramalgamation; or (ii) where suchinterest has been reduced under clause (f) in respect of their interest inshares as.....