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Government Securities Act, 2006 Section 9

Title: Nomination by Holders of Government Securities

State: Central

Year: 2006

.....and the amount for the time being due thereon shall be paid accordingly. (4) A transfer of a Government security made in accordance with sub-section (2) of section 5 shall automatically cancel the nomination previously made: Provided that where a Government security is in the possession of a person either as a pledge or by way of security for any purpose, such possession shall not have the effect of cancelling the nomination, but the right of the nominee shall be subject to the right of the person so possessing it. (5) The Government may, on the recommendation of the Bank, by notification in the Official Gazette, extend the facility of nomination to any Government security as may be specified therein. (6) Nothing contained in sub-section (1) shall affect the right or claim which any person may have against the person whose right and title to a Government security is recognised by the Government or the Bank or to whom the payment of the amount due on the Government security is made by the Government or the Bank under sub-section (1). (7) No notice of any claim of any person, other than the person or persons in whose name a Government security is held or the.....

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Karnataka Stamp Act, 1957 Section 28

Title: Facts Affecting Duty to Be Set Forth in Instrument

State: Karnataka

Year: 1957

.....the annual rental or gross assets, if any, in the case of otherimmovable property, the local rates, municipal or other taxes, if any, to whichsuch property may be subject, and any other particulars which may be prescribedby rules made under this Act.] 3 [(3) In the areas where Section 45-A is in force, the instrumentsreferred to in the said section shall fully and truly set forth the market valueof the property which is the subject-matter of the instrument and such otherparticulars as the Sate Government may by rules prescribe.] ________________________ 1. Renumbered as sub-section (1) by Act No. 17 of 1966, w.e.f. 15-11-1966 2. Inserted by Act No. 17 of 1966, w.e.f. 15-11-1966 3. Inserted by Act No. 12 of 1975, w.e.f. 1-5-1975

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Karnataka] Village Offices Abolition Act, 1961 Section 5

Title: Re--grant of Land Resumed Under Section 4 to the Holder of the Village Office

State: Karnataka

Year: 1961

.....shall primarily be liable to pay land revenue to the State Government from the appointed date in accordance with the provisions of the Code and the rules and orders made thereunder; and all the provisions of the Code and the rules and orders relating to unalienated land or ryotwari land shall, subject to the provisions of this Act, apply to the said land: Provided that in respect of land which was not assigned under an existing law relating to the village office as the remuneration of the village office, an occupancy price equal to the amount of the full assessment of such land in the case of holders of inferior village offices and three times such amount in the case of holders of other village offices, shall be paid by or on behalf of the holder for its re--grant. (2) If there is a failure to pay the occupancy price under sub--section (1) within the prescribed period and in the prescribed manner, the holder shall be deemed to be unauthorisedly occupying the land and shall be liable to be summarily evicted therefrom by the Deputy Commissioner in accordance with the provisions of the Code. (3) The occupancy or the ryotwari patta of the land, as the case may be, re--granted.....

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Government Securities Act, 2006 Section 7

Title: Recognition of Title to Government Security of Deceased Sole Holder or Joint Holders

State: Central

Year: 2006

.....of 1925) shall be the only person who may be recognised by the Bank as having any title to the Government security. (2) Nothing contained in this section shall bar the recognition by the Bank of any person as having a title to a Government security on the basis of a decree, order or direction passed by a competent court declaring the person as having title to the Government security or appointing a receiver to take possession of a security or on the basis of a certificate issued or order passed by any other authority who might have been empowered under any statute to confer on any such person a title to the Government security or on the basis of such other documents as may be prescribed. (3) Notwithstanding anything contained in this section or in any other law for the time being in force, where the outstanding value of Government security held by a deceased sole holder or deceased joint holders, as the case may be, does not exceed an amount of rupees one lakh or such higher amount not exceeding rupees one crore as may be fixed by the Central Government by notification in the Official Gazette from time to time, the Bank may recognise a person as having title to such.....

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Companies Act, 1956 Section 152

Title: Register and Index of Debenture-holders

State: Central

Year: 1956

.....indication to enable the entries relating to that holder in the register to be readily found. (3) If default is made in complying with sub-section (1) or (2), the company, and every officer of the company who is in default, shall be punishable with fine which may extend to 3 [five hundred rupees]. (4) Sub-sections (1) to (3) shall not apply with respect of debentures which, ex facie, are payable to the bearer thereof: ____________________ 1. The words "distinguishing each share by its number" omitted by Act 22 of 1996, sec. 30 and Schedule (w.r.e.f. 20-9-1995). 2. Inserted by Act 8 of 1997, Section 12 (w.r.e.f. 15-1-1997). 3. Substituted by Act 53 of 2000, Section 62, for "fifty rupees" (w.e.f. 13-12-2000).

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Karnataka] Village Offices Abolition Act, 1961 Section 9

Title: Relief to Holder of a Village Office

State: Karnataka

Year: 1961

.....cash allowance or other annual payment of money (not being the rent of land resumed under clause (b) of Section 12 of the Bombay Hereditary Offices Act, 1874 Bombay Act III of 1874), or a like provision under any existing law relating to village offices) made by the State Government to the holder under the existing law relating to village offices: Provided that where the land granted or continued in respect or annexed to a village office is not less than three acres in extent, the sum payable shall be three times the amount specified in this clause: Provided further that in determining the amount of annual cash allowance or other annual payment of money made by the State Government under this clause, the enhancement in such allowance or money ordered.-- (i) in the Mysore Area, excluding the Bellary District, by G.O. No. R. 23--77/L.R. 69--42--17, dated 18th October 1942, G.O. No. R. 3919--4007/L.R. 155--47, dated 24th September 1947 and G.O. No. RDF 111 VOA 57, dated 8th June 1957; (ii) in the Bombay Area, by G.O. No. G.R.R.D. No. 9790/33, dated 24th May 1944, G.R.R.D. No. 5741/45, dated 3rd July 1948 and G.O. R.D. No. RDF 111 VOA 57, dated 8th June 1957; (iii) in the.....

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Income Tax Act, 1961 Section 115R

Title: Tax on Distributed Income to Unit Holders

State: Central

Year: 1961

.....stood as under: (i) twelve and one-half per cent on income distributed to any person being an individual or a Hindu undivided family ; and (ii) twenty per cent on income distributed to any other person : 6. Words open-ended omitted by the Finance Act, 2006, with effect from 1st June, 2006. 7. The expression for a period of one year commencing from the 1st day of April, 2003 omitted by the Finance (No. 2) Act, 2004, with retrospective effect from 1st April, 2004. 8. Inserted by the Finance Act, 2000, with effect from 1st June, 2000. 9. See rule 12B(1). For analysis, see Mashbras Income-tax Rules. 10. See rule 12B and Form Nos. 63 and 63A. For analysis, see Mashbras Income-tax Rules.

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Bombay Inferior Village Watans Abolition Act, 1958, (Maharashtra) Section 9

Title: Eviction of Unauthorised Holder and Regrant of Watan Land to Him in Certain Circumstances and Disposal of Land Not Regranted

State: Maharashtra

Year: 1958

.....R. 222. Exercise of suo motu power.-The dispute in this case arises in the contest of the Bombay Inferior Village Watan Abolition Act, 1958. This Act was enacted "to abolish inferior village watans prevailing in certain parts of the State of Bombay". The expression "inferior village watan is defined in sec. (2)(1)(vii) to mean "the inferior village hereditary office together with tenure of watan properties, if any, and the rights, privileges and liabilities attached thereto". The expression "watandar" is defined in sec. 2(1)(xi) to mean a person having a hereditary interest in an inferior village watan under the existing watan law" by virtue of sec. 4, on and from the appointed date, all inferior village watan stood abolished notwithstanding anything contained in any usage, custom, settlement, grant, agreement, sanad or in any decree or order of the Court or in an existing watan law. It was held by the High Court that the rights which have enured to the benefit of the petitioner came to be crystalised by order of regrant that was passed by Dy. Collector. The first respondent instituted proceedings for regrant in his favour over 9 years thereafter. It was further held,.....

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Government Securities Act, 2006 Section 6

Title: Holding of Government Securities by Holders of Public Offices

State: Central

Year: 2006

.....without any or further endorsement or transfer deed from each holder of the office to the succeeding holder of the office on and from the date on which the latter takes charge of the office. (3) When the holder of the office transfers to a party not being his successor in office where a Government security so held, the transfer shall be made by the signature of the holder of the office and the name of the office in the manner laid down in section 5. (4) Where the holder of the office is temporarily absent for more than a fortnight from his office for any reason, he may authorise in writing such other person, who would be incharge of this office during the period of such absence, to effect transfer of the Government securities. (5) This section applies as well to an office of which there are two or more joint holders as to an office of which there is a single holder.

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Indian Securities Act, 1920 Section 6

Title: Holding of Government Securities by Holders of Public Offices

State: Central

Year: 1920

.....holder of the office to the succeeding holder of the office on and from the date on which the latter takes charge of the office. (3) When the holder of the office indorses to a third party a Government security made or indorses as aforesaid, he shall subscribe the indorsement with his name and the name of the office. (4) A writing on a Government security now or heretofore standing in the name of the holder of a public office, whereby the security has been or was made or indorsed payable to or to the order of the holder of the office by the name of the office, shall not be deemed to be or to have been invalid by reason only of the security having been so made or indorsed. (5) This section applies as well to an office of which there are two or more joint holders as to an office of which there is a single holder.

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