Bare Act Search Results

Companies (Profits) Surtax Act, 1964 Complete Act

State: Central

Year: 1964

.....of India, 29-2-1964, Pt. II, S. 2, Ext., p. 178. Act 41 of 1975.- The object of this Bill is to amend the income-tax Act, 1961, the Wealth Tax Act. 1957, the Gift Tax Act, 1958 and the Companies (Profits) Surtax Act, 1964. The proposals relating to the amendments to these enactments have been formulated after a detailed examination of the recommendations of the Direct Taxes Enquiry Committee (Wanchoo Committee) and the Forty-seventh Report of the Law Commission on the Trial and Punishment of Social and Economic Offences, the latter in so far as they relate to direct taxes. Opportunity has been taken to sponsor some amendments on the basis of suggestions received from various other quarters as well. Technical difficulties arising in the operation of some of the provisions of these enactments have also been taken into account in formulating these proposals. 2. The main objective of the amendments proposed to be made are to unearth black-money and prevent its proliferation; to fight and curb tax evasion; to check avoidance of tax 'through various legal devices, including the formation of trusts and diversion of income or wealth to members of family; to reduce tax arrears and.....

Companies Profits Surtax Act 1964 Section 7A

Title: Advance Payment of Surtax

State: Central

Year: 1964

.....other case: Provided that where, in respect of any class of assessees, the Board has, in exercise of the powers conferred by the proviso to sub-section (1) of section 211 of the Income-tax Act, authorised the payment of the last instalment of advance tax on the 15th day of March during the financial year instead of on the 15th day of December, the last instalment of advance surtax in the case of such assessees shall also be payable on the 15day of March during the financial year. (5) Every company shall, in each financial year, on or before the date on which the first instalment, or where it has not previously been assessed by way of regular assessment under this Act, on or before the date on which the last instalment of advance surtax is due in its case under sub-section (4), if it is likely to have any current chargeable amount, send to the2[Assessing Officer],-- (a) where it has been previously assessed by way of regular assessment under this Act, a statement of advance surtax payable by it computed in the manner laid down in subrsection (3), or (b) where it has not previously been assessed by way of regular assessment under this Act, an estimate of-- (i) the.....

Karnataka Municipalities Act, 1964 Section 363

Title: Amalgamation of Two Contiguous Smaller Urban Areas

State: Karnataka

Year: 1964

.....notification, direct that from the date specified in the declaration under sub-section (1), only such appointments, notifications, notices, taxes, orders, schemes, rules, bye-laws and forms aforesaid shall be applicable to the 1 [municipal area] constituted by such declaration and only the said appointments, notifications, notices, taxes, orders, schemes, rules, bye-laws and forms aforesaid shall be applicable to the 1 [municipal area] constituted by such declaration and only the said appointments, notifications, notices, taxes, orders, schemes, rules, bye-laws, and forms shall thereupon continue in force. (3) The property, rights and liabilities of the municipal councils of the1 [smaller urban areas amalgamated] and declared to be a single town 1 [smaller urban area] under sub-section (1) shall vest, in the municipal council of the said single 1 [smaller urban area] with effect from the date specified in the notification. (4) Notwithstanding anything to the contrary contained in this Act, -- (a) until the reconstitution of the municipal council in accordance with the provisions of this Act, -- (i) the amalgamated municipal council shall consist of the councillors of.....

Industrial Development Bank of India Act, 1964 [Repealed] Chapter 8

Title: Miscellaneous

State: Central

Year: 1964

.....First Schedule to this Act. ___________________ 1.Inserted by Act 52 of 1975, sec. 17. Section 30 - Defects in appointments not to invalidate acts, etc. (1) No act or proceeding of the Board or of any committee of the Development Bank shall be questioned on the ground merely of the existence of any vacancy in, or defect in the constitution of, the Board or the committee, as the case may be. (2) No act done by any person acting in good faith as a director shall be deemed to be invalid merely on the ground that he was disqualified to be a director or that there was any other defect in this appointment. Section 30A - Arrangement with Development Bank on appointment of directors to prevail 1 [30A. Arrangement with DevelopmentBank on appointment of directors to prevail (1) Where anyarrangement entered into by the Development Bank with an industrial concernprovides for the appointment by the Development Bank of one or more directorsof such industrial concern, such provision and any appointment of directorsmade in pursuance thereof shall be valid and effective notwithstanding anythingto the contrary contained in the Companies Act, 1956 (1 of 1956) or in anyother law for.....

Industrial Development Bank of India Act, 1964 Complete Act

State: Central

Year: 1964

.....for providing credit and other facilities for the development of industry and for matters connected therewith and further to amend certain enactments. Be it enacted by Parliament in the Fifteenth Year of the Republic of India as follows :- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Industrial Development Bank of India Act, 1964.- (2) It extends2to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification3in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act. SECTION 02: DEFINITIONS - In this Act, unless the context otherwise requires,- (a) "Board" means the Board of Directors of the Development Bank; (b) "Development Bank" means the Industrial Development Bank of India established under section 3-; [(c) "Industrial concern" means any concern engaged or to be engaged in,- (i) the manufacture, preservation or processing of goods; (ii) shipping; [(iii) mining including development of mines,] (iv) the hotel industry. (v) the transport of passengers or goods by road or by water or4[by air or by ropeway or by lift]; [(vi) the generation,.....

Karnataka Municipalities Act, 1964 Chapter IX

Title: Powers and Offences

State: Karnataka

Year: 1964

.....or particulars on which the permission was granted; or (C) is being carried on, or has been completed in breach of any of the provisions of this Act or of any rule or bye-law made under this Act or of any direction or requisition lawfully given or made under this Act or such rules or bye-laws, or (ii) that any alterations required by any notice issued under sub-section (8) have not been duly made, he may make a provisional order requiring the owner or the builder to demolish the work done, or so much of it as, in the opinion of the Municipal Commissioner or Chief Officer, has been unlawfully executed, or make such alterations as may, in the opinion of the Municipal Commissioner or Chief Officer, be necessary to bring the work into conformity with this Act, rules, bye-laws, direction or requisition as aforesaid, or with the plans or particulars on which such permission was based, and may also direct that until the said order is complied with, the owner or builder shall refrain from proceeding with the building. (b) The Municipal Commissioner or Chief Officer shall serve a copy of the provisional order made under clause (a) on the owner of the building together with a.....

Karnataka Land Revenue Act, 1964 Chapter X

Title: Assessment and Settlement of Land Revenue of Agricultural Land

State: Karnataka

Year: 1964

.....how determined (1) The land revenue assessment on all lands in respect of which a settlement has been directed under subsection (1) or sub-section (2) of section 114 and which are not wholly exempt from the payment of land revenue shall, subject to the limitations contained in the first proviso to sub-section (1) of section 84 be determined by dividing the land to be settled into groups and fixing the standard rates for each group. (2) The groups shall ordinarily be formed on a consideration of thefollowing factors, namely:-- (i) physical configuration, (ii) climate and rainfall, (iii) yield of principal crops and their prices: Provided that, if deemed necessary, the following factors may also be taken into consideration for forming groups, namely:-- (a) Marketing facilities, (b) Communications, (c) Standard of husbandry, (d) Population and supply of labour, (e) Agricultural resources, (f) Variation in the area of occupied and cultivated lands during theprevious thirty years, (g) Wages, (h) Ordinary expenses of cultivating principal crops including the wagesof the cultivator for his labour in cultivating the lands, (i) Sales of lands used for.....

Karnataka Land Revenue Act, 1964 Chapter XIV

Title: Realisation of Land Revenue and Other Public Demands

State: Karnataka

Year: 1964

.....prescribed under sub-section (1) for the payment of land revenue shall be deemed to be a period of grace and shall not affect the provisions of sub-section (1). Section 160 - Arrear of land revenue and defaulter (1) Any instalment of land revenue or part thereof which is not paid on the date prescribed for payment under section 159 shall become an arrear of land revenue and the person responsible for the payment shall become a defaulter. (2) A statement of account, certified by the Deputy Commissioner or bythe Assistant Commissioner shall, for the purpose of this Chapter be conclusive evidence of the existence of the arrear of land revenue, of its amount and of the person who is the defaulter: Provided that nothing in this sub-section shall prejudice the rights of such person to make payment under protest and to question the correctness of the accounts in separate proceedings before the Deputy Commissioner or the Assistant Commissioner, as the case may be. Section 161 - Process for recovery of arrears An arrear of land revenue may after serving a written notice of demand on the defaulter under section 162 be recovered by any one or more of the following processes,.....

Karnataka Municipalities Act, 1964 Chapter VII

Title: Recovery of Municipal Claims

State: Karnataka

Year: 1964

..... 2. Omitted by Act 21 of 1979 w.e.f. 31.3.1979. Section 143 - Distress (1) If the person on whom a notice of demand has been served under sub-section (3) of section 142, does not within thirty days from the service of such notice of demand, either, -- (a) pay the sum demanded in the notice, or (b) show cause to the satisfaction of the municipal council, or of such officer as the municipal council by rule may appoint in this behalf, or of the Municipal Commissioner or Chief Officer, if any, why he should not pay the same, or (c) prefer an appeal in accordance with the provisions of section 150 against the demand, he shall be deemed to be in default, and thereupon such sum not exceeding twenty per cent of the amount of the tax as may be determined by the Municipal Commissioner or the Chief Officer, may be recovered from him by way of penalty, in addition to the amount of tax as an arrear of tax; and the tax and penalty with all costs of the recovery may be levied under a warrant caused to be issued by the municipal council in the form set forth in Schedule XI or to the like effect, by distress and sale of the movable property or attachment and sale of the immovable.....

Karnataka Municipalities Act, 1964 Section 145

Title: Procedure in Respect of Sales, Etc.

State: Karnataka

Year: 1964

.....provided in sub-section (11), no sale shall be set aside on the ground of any such irregularity or mistake, unless the applicant proves to the satisfaction of the Municipal Commissioner or Chief Officer that he has sustained substantial injury by reason thereof. If the application is allowed, the Municipal Commissioner or Chief Officer shall set aside the sale and direct a fresh sale. (11) On the expiration of thirty days from the date of sale, if no applications made under sub-section (9) or sub-section (10), or if an application made under sub-section (10) is rejected, the Municipal Commissioner or Chief Officer shall make an order confirming the sale: Provided that if the Municipal Commissioner or Chief Officer considers that in the interest of justice the sale should be set aside for any reason, he may, for reasons to be recorded in writing and on such conditions as he may deem proper set aside the sale. (12) Whenever the sale of any property is not confirmed or is set a side , the purchaser shall be entitled to refund of his deposit or purchase money, as the case may be. (13) If any claim to any movable property distrained under this Chapter's made by any person,.....