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Karnataka Existing Laws (Construction of References to Values) Act, 1957 Complete Act

Title: Karnataka Existing Laws (Construction of References to Values) Act, 1957

State: Karnataka

Year: 1957

Preamble 1 - KARNATAKA EXISTING LAWS (CONSTRUCTION OF REFERENCES TO VALUES) ACT, 1957 Section 1 - Short title and commencement Section 2 - Interpretation Section 3 - Construction of references to certain values in existing laws

Karnataka Existing Laws (Construction of References to Values) Act, 1957 Preamble 1

Title: Karnataka Existing Laws (Construction of References to Values) Act, 1957

State: Karnataka

Year: 1957

THE1[KARNATAKA] EXISTING LAWS (CONSTRUCTION OF REFERENCES TO VALUES) ACT, 19572 [Act No. 12 of 1957] [31st March, 1957] PREAMBLE An Act to provide for the construction of references in existing laws to values expressed in annas, pice and pies, in relation to new coins (Naye Paise). WHEREAS it is expedient to provide for the construction of references in existing laws to values expressed in annas, pice and pies, in relation to new coins (Naye Paise); BE it enacted by the1[Karnataka State] Legislature in the Eighth Year of the Republic of India as follows:- ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973. 2. First published in the Karnataka Gazette on the First Day of April, 1957.

Karnataka Existing Laws (Construction of References to Values) Act, 1957 Section 3

Title: Construction of References to Certain Values in Existing Laws

State: Karnataka

Year: 1957

In every existing law, all references to any value expressed in annas, pice and pies, shall be construed as references to that value expressed in new coins referred to in sub-section (1) of section 14 of the Indian Coinage Act, 1906 (Central Act III of 1906), converted thereto at the rate specified in sub-section (2) of section 14 of the said Act.

Karnataka Existing Laws (Construction of References to Values) Act, 1957 Section 1

Title: Short Title and Commencement

State: Karnataka

Year: 1957

(1) This Act may be called the1[Karnataka] Existing Laws (Construction of References to Values) Act, 1957. (2) It shall come into force on the first day of April, 1957. ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973.

Karnataka Existing Laws (Construction of References to Values) Act, 1957 Section 2

Title: Interpretation

State: Karnataka

Year: 1957

In this Act, "existing law" means any Act, Ordinance or regulation having the force of law in the whole or any part of the1[State of Karnataka] relating to any matter with respect to which the1[Karnataka State] Legislature has power to make laws or any notification, rule, order, bye-law, scheme or other instrument issued or made thereunder, other than any enactment, notification, rule or order to which the provisions of sub-section (3) of section 14 of the Indian Coinage Act, 1906 (Central Act III of 1906), are applicable. ________________________ 1. Adapted by the Karnataka Adaptations of Laws Order, 1973 w.e.f. 01.11.1973.

Wealth-tax Act, 1957 Schedule III

Title: Rules for Determining the Value of Assets

State: Central

Year: 1957

..... PART B: Immovable property 3. Valuation of immovable property. - Subject to the provisions of rules 4, 5, 6, 7 and 8 for the purposes of sub-section (1) of section 7, the value of any immovable property, being a building or land appurtenant thereto, or part thereof, shall be the amount arrived at by multiplying the net maintainable rent by the figure 12.5: Provided that in relation to any such property which is constructed on lease hold land, this rule shall have effect as if for the figure 12.5 (a) where the unexpired period of the lease of such land is fifty years or more, the figure 10.0 had been substituted; and (b) where the unexpired period of the lease of such land is less than fifty years, the figure 8.0 had been substituted: Provided further that where such property is acquired or construction of which is completed after the 31st day of March, 1974, if the value so arrived at is lower than the cost of acquisition or the cost of construction, as increased, in either case, by the cost of any improvement to the property, the cost of acquisition or, as the case may be, the cost of construction, as so increased, shall be taken to be the value of the property.....

Wealth-tax Act, 1957 Section 7

Title: Value of Assets How to Be Determined

State: Central

Year: 1957

.....in Schedule HI as on the valuation date next following the date on which he became the owner of the house or the valuation date relevant to the assessment year commencing on the 1st day of April, 1971, whichever valuation date is later. 2 [*****] Explanation. - For the purposes of this sub-section, - (i) where the house has been constructed by the assessee, he shall be deemed to have become the owner thereof on the date on which the construction of such house was completed: (ii) "house" includes a part of a house being an independent residential unit.] ________________________ 1. Substituted by Act 3 of 1989, Section 62 w.e..f. 1-4-1989. 2. Proviso omitted by Act 18 of 1992, Section 93 w.e.f. 1-4-1993.

Karnataka Stamp Act, 1957 Section 27

Title: Stamp Where Value of Subject-matter is Indeterminate

State: Karnataka

Year: 1957

.....or value as the1[Deputy Commissioner], may having regard to all the circumstances of the case, have estimated as likely to be payable by way of royalty or share to the Government under the lease, or (b) when the lease has been granted by any other person, at twenty thousand rupees a year, and the whole amount of such royalty or share, whatever it may be, shall be claimable under such lease: Provided also that, where proceedings have been taken in respect of any instrument under Section 31 or 39 the amount certified by the1[Deputy Commissioner] shall be deemed to be the stamp actually used at the date of execution. ________________________ 1. Substituted by Act No. 29 of 1962, w.e.f. 1-10-1962 for the expression "Collector"

Karnataka Stamp Act, 1957 Section 21

Title: Stock and Marketable Securities How to Be Valued

State: Karnataka

Year: 1957

Where an instrument is chargeable with ad valorem duty in respect of any stock or of any marketable or other security, such duty shall be calculated on the value of such stock or security according to the average price or the value thereof on the day of the date of the instrument.

Delhi Municipal Corporation Act, 1957 Complete Act

State: Delhi

Year: 1957

.....performance, amusement, game or sport to which persons are ordinarily admitted on payment; (17) "factory" means a factory as defined in the Factories Act, 1948 (63 of 1948); (18) "filth" includes offensive matter and sewage; (19) 99. Omitted and Inserted by Act No.67 of 1993(w.e.f. 1-10-1993). [* * *] (20) 88. Cl (20), Omitted by Act No. 71 of 1971 and Sch. II (w.e.f. 3-11-1971). [* * *] (21) "goods" includes animals; 1010. C1. 21-A, inserted by Act, 67 of 1993. (w.e.f. 1-10-93). (21-A) "Government" means the Government of the National Capital Territory of Delhi;] (22) "house-gully" or "service passage" means a passage or strip of land constructed, set apart or utilized for the purpose of serving as or carrying a drain or affording access to a latrine, urinal, cesspool or other receptacle for filth or other polluted matter, by municipal employees or other persons employed in the cleansing thereof or in the removal of such matter therefrom; (23) "hut" means any building which is constructed principally of wood, bamboo, mud, leaves, grass, cloth or thatch and includes any structure of whatever material made which the Corporation may declare to be a hut for.....