Bare Act Search Results

Companies Act, 1956 Section 205

Title: Dividend to Be Paid Only out of Profits

State: Central

Year: 1956

.....the expiry of the specified period; or (d) as regards any other depreciable asset for which no rate of depreciation has been laid down by 3 [this Act or any rules made thereunder], on such basis as may be approved by the Central Government by any general order published in the Official Gazette or by any special order in any particular case: Provided that where depreciation is provided for in the manner laid down in clause (b) or clause (c), then, in the event of the depreciable asset being sold, discarded, demolished or destroyed the written down value thereof at the end of the financial year in which the asset is sold, discarded, demolished or destroyed, shall be written off in accordance with the proviso to section 350. 4 [(2A) Notwithstanding anything contained in sub-section (1), on and from the commencement of the Companies (Amendment) Act, 1974 no dividend shall be declared or paid by a company for any financial year out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub-section (2), except after the transfer to the reserves of the company of such percentage of its profits for that year,.....

Coroners Act, 1871 Complete Act

State: Central

Year: 1871

.....act (the last mentioned offence is about to be added to the Penal Code) the Coroner will bind by recognizance any person acquainted with the facts to appear at the next sessions, and prosecute or give evidence. The Coroner will also certify the recognizances and deliver them with the inquisition and evidence to the Court in which the trial is to be. He may also issue his warrant for the apprehension of the accused. The amended Bill expressly abolishes the Coroner's jurisdiction as to treasure-trove and wreacks, and declares that he shall not be liable to execute process. The Coroner of Calcutta will, under the amended Bill, be appointed by the Lieutenant Governor of Bengal and not by the Governor-General in Council. As to Coroner's juries, we have provided (S. 31) that when an inquest is held on the body of a prisoner, no officer of the prison and no prisoner confined therein shall be ajuror. There is a similar provision in the Schedule to theEnglish Prisons Act (28 and 29 Vic., c. 126) , clause 48. As to a Coroner's rights, we have added three clauses, one providing for repaying his disbursements for fees to medical witnesses, hire of rooms for the jury, and the like;.....

INCOME TAX ACT, 1961 Section 74A

Title: Losses from certain specified sources falling under the head 'Income from other sources'

State: Central

Year: 1961

.....four assessment years immediately succeeding the assessment year for which the loss was first computed. Explanation: For the purposes of this sub-section - (a) amount of loss incurred by the assessee in the activity of owning and maintaining race horses means - (i) in a case where the assessee has no income by way of stake money, the amount of expenditure (not being in the nature of capital expenditure) laid out or expended by him wholly and exclusively for the purposes of maintaining race horses; (ii) in a case where the assessee has income by way of stake money, the amount by which such income falls short of the amount of expenditure (not being in the nature of capital expenditure) laid out or expended by the assessee wholly and exclusively for the purposes of maintaining race horses; (b) horse race means a horse race upon which wagering or betting may be lawfully made; (c) income by way of stake money means the gross amount of prize money received on a race horse or race horses by the owner thereof on account of the horse or horses or any one or more of the horses winning or being placed second or in any lower position in horse races.

Companies (Declaration of Dividend out of Reserves) Rules, 1975 Complete Act

State: Central

Year: 1975

COMPANIES (DECLARATION OF DIVIDEND OUT OF RESERVES) RULES, 1975 1. Short title. These Rules may be called the Companies (Declaration of Dividend out of Reserves) Rules, 1975. 2. Declaration of dividend out of reserves.- In the event of inadequacy or absence of profits in any year, dividend may be declared by a company for that year out of the accumulated profits earned by it in previous years and transferred by it to the reserves, subject to the conditions that- (i) the rate of dividend declared shall not exceed the average of the rates at which dividend was declared by it in the five years immediately preceding that year or ten per cent of its paid up capital, whichever is less; (ii) the total amount to be drawn from the accumulated profits earned in previous years and transferred to the reserves shall not exceed an amount equal to one-tenth of the sum of its paid up capital and free reserves and the amount so drawn shall first be utilised to set off the losses incurred in the financial year before any dividend in respect of preference or equity shares is declared; and (iii) the balance of reserves after such drawal shall not fall below fifteen per cent of.....

Karnataka Panchayat Raj Act, 1993 Section 74

Title: Removal of Structures, Trees Etc., Which Are in Ruins or Likely to Fall

State: Karnataka

Year: 1993

.....If it appears to the Grama Panchayat that the danger from a building or tree which is ruinous or about to fall is imminent, it may , before the period of notice expires, fence off, pull down, lop or cut down, secure or repair the said building or tree, as the case may be, or take such steps as may be required to arrest danger. (3) Any expenses incurred by the Grama Panchayat in this behalf may be recovered from the owner or occupier of the building or tree, as the case may be, as if it was a tax imposed under section 199. (4) The Grama Panchayat shall issue a notice under sub-section (1) after giving the owner or occupier, as the case may be, a reasonable opportunity of stating any objection, adducing evidence, if any, and after being satisfied that the objection which is raised is invalid or insufficient.

Cantonments Act, 2006 Section 214

Title: New Premises Not to Be Erected with out Drains

State: Central

Year: 2006

(1) It shall not be lawful to erect or to re-erect any premises in a cantonment or to occupy any such premises unless-- (a) a drain be constructed of such size, materials and description, at such level and with such fall as shall appear to the Chief Executive Officer to be necessary for the effectual drainage of such premises; (b) there have been provided and set up on such premises such appliances and fittings as may appear to the Chief Executive Officer to be necessary for the purposes of gathering or receiving the filth and other polluted and obnoxious matter from, and conveying the same off, the said premises and of effectually flushing the drain of the said premises and every fixture connected therewith. (2) The drain so constructed shall empty into a cantonment drain situated at a distance of not exceeding thirty meters from the premises; but if no cantonment drain is situated within that distance then such drain shall empty into a cesspool situated within that distance to be specified by the Chief Executive Officer for the purpose.

Karnataka Court-fees and Suits Valuation Act, 1958 Section 9

Title: Documents Falling Under Two or Moredescriptions

State: Karnataka

Year: 1958

Subject to the provisions of the last preceding section, a document falling within two or more descriptions in this Act shall, where the fees chargeable thereunder are different, be chargeable only with the highest of such fees: Provided that, where one of such descriptions is special and other general, the fee chargeable shall be the fee appropriate to the special description.

Bombay Electricity Duty Act, 1958, (Maharashtra) Section 4A

Title: Reference for Decision to Authority Question as to Part or Clause of Schedule Under Which Any Consumption of Energy Falls

State: Maharashtra

Year: 1958

.....I. E. & L. D.. No. ELD. 1685/3488/CR/NRG-2, dated 8th November, 1985 (M. G., Pt. IV-B, p. 31).-- In exercise of the powers conferred by sub-section (1) of section 4A of the Bombay Electricity Duty Act, 1958 (Bom. XL of 1958) and all other powers enabling it in this behalf, and in supersession of all the previous notifications issued in this behalf, the Government of Maharashtra hereby specifies the authorities mentioned in column (1) of the Table hereto appended to be the authorities for the purposes of the said sub-section (1) for areas respectively mentioned against them in column (2) of that Table. TABLE Authority Area (1) (2) 1. Where the monthly consumption of energy exceeds or is likely to exceed 5000 units, the authority consisting of - Whole of the State. (a) The Additional Industries Commissioner. Maharashtra State, Bombay (Chairman). (b) The Chief Engineer (Electrical) to Government of Maharashtra (Member). (c) The Chief Engineer (Commercial), Maharashtra State Electricity Board (Member). II. Where the monthly consumption of energy does not or is not likely to exceed 5000 units, the authority consisting of - (a) (i) The Electrical.....

Bombay Execution of Decrees (Temporary Postponement) Act, 1959, (Maharashtra) Part III

Title: Stay of Execution of Decrees and Postpone?ment of Institution of Suits in Certain Cases Not Falling Under Part Ii

State: Maharashtra

Year: 1959

Part III STAY OF EXECUTION OF DECREES AND POSTPONE MENT OF INSTITUTION OF SUITS IN CERTAIN CASES NOT FALLING UNDER PART II

Industrial Disputes Act, 1947 Chapter V

Title: Strikes and Lock-outs

State: Central

Year: 1947

.....24 - Illegal strikes and lock-outs (1) A strike or a lock-out shall be illegal if-- (i) it is commenced or declared in contravention of section 22 or section 23; or (ii) it is continued in contravention of an order made under sub-section (3) of section 101[or sub-section (4A) of section 10A]. (2) Where a strike or lock-out in pursuance of an industrial dispute has already commenced and is in existence at the time of the reference of the dispute to a Board1[an arbitrator, a]2[Labour Court, Tribunal or National Tribunal], the continuance of such strike or lock-out shall not be deemed to be illegal, provided that such strike or lock-out was not at its commencement in contravention of the provisions of this Act or the continuance thereof was not prohibited under sub-section (3) of section 101[or sub-section (4A) of section 10A] (3) A lock-out declared in consequence of an illegal strike or a strike declared in consequence of an illegal lock-out shall not be deemed to be illegal. ________________________ 1. Inserted by Act 36 of 1964, Section 12 (w.e.f. 19-12-1964). 2. Substituted by Act 36 of 1956, Section 18, for "or Tribunal" (w.e.f. 10-3-1957). Section.....