Bare Act Search Results

Estate Duty Act, 1953 [Repealed] Section 27

Title: Dispositions in Favour of Relatives

State: Central

Year: 1953

....., this section shall have effect in like manner as if the disposition had been made in favour of a relative of his, unless it is shown to the satisfaction of the Controller that no relative of the deceased was, at the time of the disposition or subsequently during the life of the deceased, a member of the company. Explanation.- For the purposes of this sub-section a person who is, or is deemed by virtue of this provision to be, a member of a controlled company which is a member of another such company shall be deemed to be a member of that other company. (6) Where there have been associated operations effected with reference to the receiving by the deceased of any payment in respect of such an annuity or other interest as is mentioned in sub-section (2) , or effected with a view to enabling him to receive or to facilitating the receipt by him of any such payment, this section shall have effect in relation to each of those associated operations as it has effect in relation to the creation or disposition in favour of the deceased of such an annuity or other interest. (7) In this section.- (i) " relative" means, in relation to the deceased,.- (a) the wife or husband of.....

Karnataka Co-operative Societies Act, 1959 Section 85

Title: Mortgages Executed in Favour of Agriculture and Rural Development Bank to Stand Vested in State Agriculture and Rural Development Bank

State: Karnataka

Year: 1959

85. Mortgages executed in favour of1[Agriculture and Rural Development Bank] to stand vested in1[State Agriculture and Rural Development Bank] The mortgages executed in favour of, and all other assets transferred to an1[Agriculture and Rural Development Bank] by the members thereof shall, with effect from the date of such execution or transfer, be deemed to have been transferred by such1[Agriculture and Rural Development Bank] to the1[State Agriculture and Rural Development Bank] and shall vest in the Trustee. _________________________ 1. Substituted by Act 5 of 1984 w.e.f. 9.1.1984.

Karnataka Co-operative Societies Act, 1959 Section 85A

Title: Registration of Mortgage or Lease in Favour of Land Development Banks

State: Karnataka

Year: 1959

1 [85A. Registration of mortgage or lease in favour of Land DevelopmentBanks Notwithstanding anything contained in the Indian Registration Act, 1908, it shall not be necessary to register mortgages or leases executed in favour of the 2 [Agriculture and Rural Development Banks], provided that the 2 [Agriculture and Rural Development Bank] concerned sends within such time and in such manner as may be prescribed, a copy of the instrument whereby immoveable property is mortgaged or leased to the Registering Officer within the local limits of whose jurisdiction the whole or any part of the property mortgaged or as the case may be, leased, is situate, and such Registering Officer shall file a copy or copies as the case may be in his Book No. 1 prescribed under section 51 of the Indian Registration Act, 1908.] ________________________ 1. Inserted by Act 40 of 1964 w.e.f. 26.6.1965. 2. Substituted by Act 5 of 1984 w.e.f. 9.1.1984.

Negotiable Instruments Act, 1881 Section 139

Title: Presumption in Favour of Holder

State: Central

Year: 1881

1[ 139 . Presumption in favour of holder It sh all be presumed, unless the contrary is proved, that the holder of a cheque received the cheque of the nature referred to in section 138 for the discharge, in whole or in part, of any debt or other liability.] ___________________ 1. Inserted by Act 66 of 1988, sec. 4 (w .e.f. 1- 4- 1989).

Voluntary Surrender of Salaries (Exemption from Taxation) Act, 1961 Section 2

Title: Exemption from Taxes on Income in Respect of Salaries Surrendered in Favour of Government

State: Central

Year: 1961

Notwithstanding anything contained in the Indian Income-tax Act, 1922, or in any other law for the time being in force relating to taxation on income, no income-tax or super-tax shall be payable by any person (a) where his salary is paid out of the Consolidated Fund of India or of the Consolidated Fund of a State, in respect of that part of the salary due to him for any period after the 31st day or March, 1961, which he has, by a declaration in writing, volunteered to forego in the public interest. (b) in any other case, in respect of that part of the salary which is due to him for any period after the 31st day of March, 1961, which has been in the public interest, surrendered in favour of, and paid to, the Central Government in accordance with the rules made in this behalf by that Government; and such part of the salary shall not be included in his total income for the purposes of any law relating to taxation on income,

Agriculture Credit Operation and Miscellaneous Provision Act, 1974 Section 9

Title: Registration of Charges and Mortgage in Favour of a Credit Agency

State: Karnataka

Year: 1974

(1) Notwithstanding anything contained in the Registration Act, 1908, a charge in respect of which a declaration has been made under clause (i) of section 6 or in respect of which variation has been made under clause (ii) of that section or a mortgage executed by an agriculturist in favour of a credit agency in respect of financial assistance given by that credit agency, shall be deemed to have been duly registered in accordance with the provisions of that Act with effect from the date of such charge, variation or mortgage, as the case may be, provided the credit agency sends to the registering officer within the local limits of whose jurisdiction the whole or any part of the property charged or mortgaged is situate within such time and in such manner as may be prescribed by the State Government for this purpose, by registered post acknowledgment due, a copy of the document creating such charge, variation or mortgage duly certified to be a true copy by an employee of a credit agency authorised to sign on its behalf. (2) The registering authority receiving such document shall enter the same in Book-I.

Karnataka Co-operative Societies Act, 1959 Section 89G

Title: Section 40 of Bombay Act 28 of 1947 Not to Apply to Alienation in Favour of Land Development Banks

State: Karnataka

Year: 1959

Nothing contained in section 40 of the Bombay Agricultural Debtors Relief Act, 1947, or any corresponding law for the time being in force in any part of the State shall apply to any alienation in favour of the1[Agriculture and Rural Development Bank]. _____________________ 1. Substituted by Act 5 of 1984 w.e.f. 9.1.1984.

The Himachal Pradesh Agricultural Credit Operations & Miscellaneous Provisions (Banks) Act, 1972 Complete Act

State: Himachal

Year: 1972

.....referred to in sub-section (1) shall, as immediately as practicable on receipt thereof, record in a register to be maintained in this behalf, the fact of the receipt of such declaration, variation or mortgage for registration. 10. Noting of charge or mortgage created in favour of a bank, in the record-of-rights.-Whenever a charge or a mortgage on land or interest therein is created in favour of a bank by an agriculturist, the bank may give intimation to the Tehsildar or such other revenue official as may be designated in this behalf by the State Government of the particulars of the charge or mortgage in its favour. The Tehsildar or the other revenue official shall make a note of the particulars of charge or mortgage in the record-of rights relating to the land over which the charge or mortgage has been created. 11. Restrictions on creation of tenancy by an agriculturist borrower.- (1)Notwithstanding anything contained in any law for the time being in force, an agriculturist who has availed himself of financial assistance form a bank by creating a charge or mortgage on land or interest therein, shall not, so long as the financial assistance continues to be outstanding, lease or.....

Bombay Tenancy and Agricultural Lands Act, 1948 Complete Act

State: Maharashtra

Year: 1948

.....or the decree or order of a Court holds the land on lease permanently; or (b) the commencement or duration of whose tenancy cannot satisfactorily be proved by reason of antiquity; and includes a tenant whose name or the name of whose predecessor-in-title has been entered in the record of rights or in any public record or in any other revenue record as a permanent tenant immediately before the commencement of the Amending Act, 1955; (11) "Person" includes [a joint] family; (12) "Prescribed" means prescribed by rules made under this Act; (13) "Profits of Agriculture" in respect of any land means the surplus remaining [with the holder] after the expenses of cultivation including the wages of the cultivator working on the land are deducted from the gross produce; Explanation:- If the member of the family of a holder work on the land for the purpose of cultivation thereof, the labour of such members shall be taken into account in estimating the expenses of cultivation referred to in this clause; (14) "Protected tenant" means a person who is recognised to be a protected tenant [under section 4A; [* * * * * * * * * (16) "Rent" means any consideration, in money or.....

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.....