Bare Act Search Results

Guardians and Wards Act, 1890 Section 20

Title: Fiduciary Relation of Guardian to Ward

State: Central

Year: 1890

(1) A guardian stands in a fiduciary relation to his ward, and, save as provided by the will or other instrument, if any, by which he was appointed, or by this Act, he must not make any profit out of his office. (2) The fiduciary relation of a guardian to his ward extends to and affects purchases by the guardian of the property of the ward, and by the ward of the property of the guardian, immediately or soon after the ward has ceased to be a minor and generally all transactions between them while the influence of the guardian still lasts or is recent.

Indian Trusts Act, 1882 Section 88

Title: Advantage Gained by Fiduciary

State: Central

Year: 1882

.....a company, legal advisor, or other person bound in a fiduciary character to protect the interests of another person, by availing himself of his character, gains for himself any pecuniary advantage, or where any person so bound enters into any dealings under circumstances in which his own interests are, or may be, adverse to those of such other person and thereby gains for himself a pecuniary advantage, he must hold for the benefit of such other person the advantage so gained. Illustrations (a) A, an executor, buys a tan undervalue from B, a legatee, his claim under the will, B is ignorant of the value of the bequest. A musthold for the benefit of B the difference between the price and value. (b) A, a trustee, uses the trust- property for the purpose of his own business. A holds for the benefit of his beneficiary the profits arising from such user. (c) A, a trustee, retires from his trust in consideration of his successor paying him a sum of money. A holds such money for the benefit of his beneficiary. (d) A, a partner, buys land in his own name with funds belonging to the partnership. A holds such land for the benefit of the partnership. (e) A, a partner, employed on.....

Companies Act, 1956 Part 1

Title: Preliminary

State: Central

Year: 1956

.....as in the Depositories Act, 1996 (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the Principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction; 11 [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise; 11 [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in section 3; (17) "financial year" means in relation to any body corporate, the period in respect of which.....

Companies Act, 1956 Section 4

Title: Meaning of "holding Company" and "subsidiary"

State: Central

Year: 1956

.....outside India, which, if incorporated in India, would be a public company within the meaning of this Act, shall be deemed for the purposes of this Act to be a subsidiary of a public company if the entire share capital in that private company is not held by that body corporate whether alone or together with one or more other bodies corporate incorporated outside India.] ________________________ 1. Substituted by Act 65 of 1960, Section 3, for clause (b) (w.e.f. 28-12-1960). 2. The words ",managing agent, secretaries and treasurers" omitted by the Companies (Amandment) Act, 2000, Section 4. 3. Substituted by Act 65 of 1960, Section 3, for clause (c) (w.e.f. 28-12-1960). 4. Inserted by Act 65 of 1960, Section 3 (w.e.f. 28-12-1960).

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....

Estate Duty Act, 1953 Complete Act

State: Central

Year: 1953

.....in the Wealth-tax Act and the rules made thereunder. 4. Another amendment seeks to make a provision similar to that contained in Income-tax Act, 1961 and Wealth-tax Act, 1957, to secure that where the deceased was a member of a co-operative housing Society the value of one house or part thereof allotted or leased to him under a house-building scheme of the society would be treated as a house owned by the deceased, thus qualifying for the concessional treatment accorded to residential house property. 5. The other amendments proposed in the Bill are of a consequential nature. 6. The amendments are being made with retrospective effect from the 1st day of March, 1981 and accordingly the proposed concessions will also be available in relation to estate duty in the case of persons who have died after the 28th February, 1981. 7. The Bill seeks to achieve the above objects. -Gaz. of Ind., 13-7-82, Pt. II, S. 2,Ext" p. 8 (No. 28) Act 53 of 1984 This Bill seeks to amend the Estate Duty Act, 1953, mainly with a view to excluding agricultural lands from the levy of estate duty. 2. One of the amendments proposed accordingly seeks to provide that the Act shall cease to apply to the.....

Guardians and Wards Act, 1890 Complete Act

State: Central

Year: 1890

.....thereof may be attended by, such of the persons interested in the aplication as the Court thinks fit. (3) The guardian stating in good faith the facts in the petition and acting upon the opinion, advice or direction given by the Court shall be deemed, so far as regards his own responsibility, to have performed his duty as guardian in the subject-matter of the application. SECTION 34: OBLIGATIONS ON GUARDIAN OF PROPERTY APPOINTED OR DECLARED BY THE COURT - Where a guardian of the property of a ward has been appointed or declared by the Court and such guardian is not the Collector, he shall,- (a) if so required by the Court, give a bond, as nearly as may be in the prescribed form, to the Judge of the Court to ensure for the benefit of the Judge for the time being, with or without sureties, as may be prescribed, engaging duly to account for what he may receive in respect of the property of the ward; (b) if so required by the Court, deliver to the Court, within six months from the date of his appointment or declaration by the Court, or within such other time as the Court directs, a statement of the immovable property belonging to the ward, of the money and other movable property.....

Trusts Act, 1882 Complete Act

State: Central

Year: 1882

.....known it, or when information of the fact is given to or obtained by his agent, under the circumstances mentioned in the section 229 Indian Contract Act, 1872 (9 of 1872)-, ; and all expressions used herein and defined in the Indian Contract Act, 1872 (expressions defined in Act 9 of 1872), shall be deemed to have the meanings respectively attributed to them by that Act. SECTION 04: LAWFUL PURPOSE. A trust may be created for any lawful purpose. The purpose of a trust is lawful unless it is (a) forbidden by law, or (b) is of such a nature that, if permitted, it would defeat the provisions of any law, or (c) is fraudulent, or (d) involves or implies injury to the person or property of another, or (e) the Court regards it as immoral or opposed to public policy. Every trust of which the purpose is unlawful is void. And where a trust is created for two purposes, of which one is lawful and the other unlawful, and the two purposes, cannot be separated, the whole trust is void. SECTION 05: TRUST OF IMMOVABLE PROPERTY No trust in relation to immoveable property is valid unless declared by a non-testamentary instrument in writing signed by the author of the trust or the.....

The Tamil Nadu District Municipalities Act (Tamil Nadu Act V of 1920) Complete Act

State: Tamil Nadu

Year: 1920

.....with the District Municipalities Act " It can be referred to " 1935 M 657 Rules must be consistent with the Act " 19Cri. L.J. 392 2. Repeal of enactments - The enactments mentioned in Schedule I are repealed to the extent specified in the fourth column thereof. 3. Definitions - In this Act unless there is anything repugnant in the subject or context "(1) Original clause (1) was re-numbered as clause (1-B) and clause (1) and (1-A) were inserted by Tamil Nadu District Municipalities Act, 1930; clause (1) was omitted and clause (1-A) were re-numbered as clause (1) by Madras City Municipal District Municipalities and Local Boards (Amendment) Act, 1938 and for the clause as so re-numbered the present clause was substituted by the Adaptation (Amendment) Order of 1950. Omitted by Tamil Nadu Act XVII of 1973. Clause (1) of the original section was re-numbered as Clause (1-B) by Tamil Nadu Act X of 1930 [ (1-B) ˜Appoint' " ˜Appoint' includes to appoint temporarily or in an officiating capacity.] (2) ˜Appointment' - ˜Appointment' includes temporary and officiating appointments. Clause (2-a), Inserted by Tamil Nadu Municipal Laws (Amendment) Act 34 of.....

The Madurai City Municipal Corporation Act, 1971(Tamil Nadu Act Xv of 1971) Complete Act

State: Tamil Nadu

Year: 1971

THE MADURAI CITY MUNICIPAL CORPORATION ACT, 1971 (TAMIL NADU ACT XV of 1971) THE MADURAI CITY MUNICIPAL CORPORATION ACT, 1971 (TAMIL NADU ACT XV of 1971) An Act to provide for the establishment of Municipal Corporation for the City of Madurai in the State of Tamil Nadu. Be it enacted by the Legislature of the state of Tamil Nadu in the Twenty Second Year of the Republic of India as follows: CHAPTER " I PRELIMINARY 1. SHORT, TITLE, EXTENT AND COMMENCEMENT : (1) This Act may be called The Madurai City Municipal Corporation Act, 1971. NOTES The said Act and the Madras District Municipalities Act, 1920 have very many identical provisions. See 95 L.W. 324. (2) It extends to the City of Madurai (3) It shall be deemed to have come into force on the first day of May, 1971. 2. DEFINITIONS: - In this Act, unless the context otherwise requires:- (1) "Appoint" includes to appoint temporarily or in an officiating capacity; (2) "Appointment" includes temporary and officiating appointments; (3) "Budget Grant" means any sum entered on the expenditure side of the Budget estimate which has been adopted by the council; (4) "Building" includes " (a) a house, out-house, stable, latrine,.....