Bare Act Search Results

Marine Insurance Act, 1963 Section 31

Title: Floating Policy by Ship or Ships

State: Central

Year: 1963

(1) A floating policy is a policy which describes the insurance in general terms, and leaves the name or names of the ship or ships and other particulars to be defined by subsequent declaration. (2) The subsequent declaration or declarations may be made by endorsement on the policy, or in other customary manner. (3) Unless the policy otherwise provides, the declarations must be made in the order of dispatch or shipment. They must, in the case of goods, comprise all consignments within the terms of the policy, and the value of the goods or other property must be honestly stated, but an omission or erroneous declaration may be rectified even after loss or arrival, provided the omission or declaration was made in good faith. (4) Unless the policy otherwise provides, where a declaration of value is not made until after notice of loss or arrival, the policy must be treated as an unvalued policy as regards the subject-matter of that declaration.

Marine Insurance Act, 1963 Complete Act

State: Central

Year: 1963

.....NEGOTIATION OF CONTRACT (1) Every material representation made by the assured or his agent to the insurer during the negotiations for the contract, and before the contract is concluded, must be true. If it be untrue the insurer may avoid the contract. (2) A representation is material which would influence the judgment of a prudent insurer in fixing the premium, or determining whether he will take the risk. (3) A representation may be either as to a matter of fact, or as to a matter of expectation or belief. (4) A representation as to a matter of fact is true, if it be substantially correct, that is to say, if the difference between what is represented and what is actually correct would not be Considered material by a prudent insurer. (5) A representation as to a matter of expectation or belief is true if it be made in good faith. (6) A representation may be withdrawn or corrected before the contract is concluded. (7) Whether a particular representation be material or not, is, in each case, a question of fact. SECTION 23: WHEN CONTRACT IS DEEMED TO BE CONCLUDED A contract of marine insurance is deemed to be concluded when the proposal of the assured is accepted by the.....

Marine Insurance Act, 1963 Complete Act

Title: Marine Insurance Act, 1963

State: Central

Year: 1963

..... Section20 - Disclosure by assured Section21 - Disclosure by agent effecting insurance Section22 - Representations pending negotiation of contract Section23 - When contract is deemed to be concluded Section24 - Contract must be embodied in policy Section25 - What policy must specify Section26 - Signature of insurer Section27 - Voyage and time policies Section28 - Designation and subject-matter Section29 - Valued policy Section30 - Unvalued policy Section31 - Floating policy by ship or ships Section32 - Construction of terms in policy Section33 - Premium to be arranged Section34 - Double insurance Section35 - Nature of warranty Section36 - When breach of warranty excused Section37 - Express warranties Section38 - Warranty of neutrality Section39 - No implied warranty of nationality Section40 - Warranty of good safety Section41 - Warranty of seaworthiness of ship Section42 - No implied warranty that goods are seaworthy Section43 - Warranty of legality Section44 - Implied conditions as to commencement of risk Section45 - Alteration of port of departure Section46 - Sailing for different destination Section47 - Change of voyage Section48 - Deviation .....

Central Excise Tariff Act, 1985 Chapter 89

Title: Ships, Boats and Floating Structures

State: Central

Year: 1985

.....transport of the goods and other vessels for the transport of both persons and goods u Nil 8902 FISHING VESSELS; FACTORY SHIPS AND OTHER VESSELS FOR PROCESSING OR PRESERVING FISHERY PRODUCTS 8902 00 - Fishing vessels; factory ships and other vessels for processing or preserving ?shery products : 8902 00 10 --- Trawlers and other ?shing vessels u Nil 8902 00 90 --- Other u Nil 8903 YACHTS AND OTHER VESSELS FOR PLEASURE OR SPORTS; ROWING BOATS AND CANOES 8903 10 00 - In?atable u 16% - Other : 8903 91 00 -- Sail boats, with or without auxiliary motor u 16% 8903 92 00 -- Motorboats, other than outboard motorboats u 16% 8903 99 -- Other : 8903 99 10 --- Canoes u 16% 8903 99 90 --- Other u 16% 8904 00 00 Tugs and pusher cr aft u Nil .....

Central Excise Tariff (Amendment) Act, 2004 Chapter LXXXIX

Title: Ships, Boats and Floating Structures

State: Central

Year: 2004

.....for transport of the goods and other vessels for the transport of both persons and goods u Nil 8902 FISHING VESSELS; FACTORY SHIPS AND OTHER VESSELS FOR PROCESSING OR PRESERVING FISHERY PRODUCTS 8902 00 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products: 8902 00 10 --- Trawlers and other fishing vessels u Nil 8902 00 90 -- Other u Nil 8903 YACHTS AND OTHER VESSELS FOR PLEASURE OR SPORTS; ROWING BOATS AND CANOES 8903 10 00 - Inflatable u 16% nbsp; - Other: 8903 91 00 -- Sail boats, with or without auxiliary motor u 16% 8903 92 00 -- Motorboats, other than outboard motorboats u 16% 8903 99 - Other: 8903 99 10 --- Canoes u 16% 8903 99 90 -- Other u 16% 8904 00 00 TUGS AND PUSHER CRAFT u Nil 8905 LIGHT-VESSELS, FIRE-FLOATS, DREDGERS, FLOATING CRANES, AND OTHER VESSELS THE.....

Customs Tariff Act 1975 Chapter 89

Title: Ships, Boats and Floating Structures

State: Central

Year: 1975

.....the goods and other vessels for the transport of both persons and goods u [10%]2 - 8902 Fishing vessels; factory ships and other vessels for processing or preserving fishery products 8902 00 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products : 8902 00 10 --- Trawlers and other fishing vessels u [10%]2 - 8902 00 90 --- Other u [10%]2 - 8903 Yachts and other vessels for pleasure or sports; rowing boats and canoes 8903 10 00 - Inflatable u [10%]2 - - Other : 8903 91 00 -- Sail boats, with or without auxiliary motor u [10%]2 - 8903 92 00 -- Motorboats, other than outboard motorboats u [10%]2 - 8903 99 -- Other : 8903 99 10 --- Canoes u [10%]2 - 8903 99 90 .....

Customs Tariff (Amendment) Act, 2003 Chapter LXXXIX

Title: Ships, Boats and Floating Structures

State: Central

Year: 2003

.....of the goods and other vessels, for the transport of both persons and goods u 30% 8902 FISHING VESSELS; FACTORY SHIPS AND OTHER VESSELS FOR PROCESSING OR PRESERVING FISHERY PRODUCTS 8902 00 - Fishing vessels; factory ships and other vessels for processing or preserving fishery products : 8902 00 10 --- Trawlers and other fishing vessels u 25% - 8902 00 90 --- Other u 25% - 8903 YACHTS AND OTHER VESSELS FOR PLEASURE OR SPORTS; ROWING BOATS AND CANOES 8903 10 00 - Inflatable u 30% - - Other : 8903 91 00 --- Sail boats, with or without auxiliary motor u 30% - 8903 92 00 --- Motorboats, other than outboard motorboats u 30% - 8903 99 -- Other : 8903 99 10 ---- Canoes u 30% - 8903 99 90 --- Other a 30% - 8904 00 00 TUGS AND PUSHER.....

Banking Regulation Act, 1949 Section 14A

Title: Prohibition of Floating Charge on Assets

State: Central

Year: 1949

1 [14A. Prohibition of floating charge onassets (1) Notwithstanding anythingcontained in section 6, no banking company shall create a floating charge onthe undertaking or any property of the company or any part thereof, unless thecreation of such floating charge is certified in writing by the Reserve Bank asnot being detrimental to the interests of the depositors of such company. (2) Any such charge created without obtainingthe certificate of the Reserve Bank shall be invalid. (3) Any banking companyaggrieved by the refusal of a certificate under subsection (1) may, withinninety days from the date on which such refusal is communicated to it, appealto the Central Government. (4)The decision of theCentral Government where an appeal has been preferred to it under sub-section(3) or of the Reserve Bank where no such appeal has been preferred shall befinal.] ___________________ 1. Inserted by Act 33 of 1959, Section 9w.e.f. 1-10-1959.

Bombay Reorganisation Act, 1960 Section 55

Title: Floating Debt

State: Central

Year: 1960

(1) The liability of the State of Bombay in respect of any floating debt of a Merged State shall be the liability of the State in whose territories the area of the Merged State is included on the appointed day. (2) The liability of the State of Bombay in respect of any other floating loan to provide short-term finance to any commercial undertaking shall be the liability of the State in whose territories the undertaking is located.

Banking Regulation Act, 1949, (Maharashtra) Section 14A

Title: Prohibition of Floating Charge on Assets

State: Maharashtra

Year: 1949

1[(1) Notwithstanding anything contained in section 6, no banking company shall create a floating charge on the undertaking or any property of the company or any part thereof, unless the creation of such floating charge is certified in writing by the Reserve Bank as riot being detrimental to the interests of the depositors of such comapny. (2) Any such charge created without obtaining the certificate of the Reserve Bank shall be invalid. (3) Any banking company aggrieved by the refusal of a certificate under sub-section (1) may, within ninety days from the date on which such refusal is communicated to it, appeal to the Central Government. (4) The decision of the Central Government where an appeal has been perferred to it under sub-section (3) or of the Reserve Bank where no such appeal has been preferred shall be final.] ________________________ 1. inserted by Act 33 of l959 section 9 (w.e.f. 1.10.1959).