Bare Act Search Results

Finance Act 1999 Chapter III

Title: Direct Taxes Income-tax

State: Central

Year: 1999

.....paid, the cost shall be taken as nil; (b) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and includes employees' stock option and sweat equity shares; (c) "sweat equity shares" means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called; and (d) "value" means the difference between the fair market value and the cost for acquiring specified securities.'. Section 11 - Amendment Of Section 24 In section 24 of the Income-tax Act, in sub-section (2), after the proviso, the following proviso shall be inserted with effect from the 1st day of April, 2000, namely :- 'Provided further that where the property is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed before the 1st day of April, 2001, the provisions of the first proviso shall have effect as if for the words "thirty thousand rupees", the.....

Finance Act, 1999 Complete Act

State: Central

Year: 1999

.....1999-2000 Be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows: - SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called the Finance Act 1999. (2) Save as otherwise provided in this Act, Sections 2 to 99 [except clause (1) of Section 6] shall be deemed to have come into force on the 1st day of April, 1999. SECTION 02: INCOME TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1999, income tax shall be charged at the rates specified in Part I of the First Schedule. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding six hundred rupees, in addition to total income, and the total income exceeds fifty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income after the first fifty thousand rupees of the total income but without being liable to tax], only for the purpose of charging income tax in respect of the.....

Finance Act 1999 Section 3

Title: Amendment of Section 2

State: Central

Year: 1999

.....the transfer of the undertaking is on a going concern basis; (vii) the demerger is in accordance with the conditions, if any, notified under sub-section (5) of section 72A by the Central Government in this behalf. Explanation 1. - For the purposes of this clause, "undertaking" shall include any part of an undertaking, or a unit or division of an undertaking or a business activity taken as a whole, but does not include individual assets or liabilities or any combination thereof not constituting a business activity. Explanation 2. - For the purposes of this clause, the liabilities referred to in sub-clause (ii), shall include - (a) the liabilities, which arise out of the activities or operations of the undertaking; (b) the specific loans or borrowings (including debentures) raised, incurred and utilised solely for the activities or operations of the undertaking; and (c) in cases, other than those referred to in clause (a) or clause (b), so much of the amounts of general or multipurpose borrowings, if any, of the demerged company as stand in the same proportion which the value of the assets transferred in a demerger bears to the total value of the assets of such.....

Insurance Regulatory and Development Authority Act, 1999 Schedule 1

Title: First Schedule

State: Central

Year: 1999

.....the expressions "group" and "same management" shall have the same meanings respectively assigned to them in the Monopolies and Restrictive Trade Practices Act, 1969 (54 of 1969)."; (b) in sub-section (11),-- (i) for "Explanation 1", substitute "Explanation"; (ii) omit Explanation 2. 11. After section 6A, insert the following:-- "6AA. Manner of divesting excess shareholding by promoter in certain cases. (1) No promoter shall at any time hold more than twenty-six per cent. or such other percentage as may be prescribed, of the paid-up equity capital in an Indian insurance company: Provided that in a case where an Indian insurance company begins the business of life insurance, general insurance or re-insurance in which the promoters hold more than twenty-six per cent. of the paid-up equity capital or such other excess percentage as may be prescribed, the promoters shall divest in a phased manner the share capital in excess of the twenty-six per cent, of the paid-up equity capital or such excess paid-up equity capital as may be prescribed, after a period of ten years from the date of the commencement of the said business by such Indian insurance company or within such.....

Insurance Regulatory and Development Authority Act, 1999 Complete Act

State: Central

Year: 1999

.....thereto and further to amend the Insurance Act, 1938, the Life Insurance Corporation Act, 1956 and the General Insurance Business (Nationalisation) Act, 1972. Be it enacted by Parliament in the Fiftieth Year of the Republic of India as follows: STATEMENT OF OBJECTS AND REASONS 1. The insurance industry requires a high degree of regulation. The Insurance Act, 1938 provides for the institution of the Controller of Insurance to act as a strong and powerful supervisory and regulatory authority with powers to direct, advise, caution, prohibit, investigate, inspect, prosecute, search, seize, fine, amalgamate, authorise, register and liquidate insurance companies. However, after the nationalisation of the life insurance industry in 1956 and the general insurance industry in 1972, the role of the Controller of Insurance diminished in significance over a period of time. 2. In April, 1993, the Government set up a high-powered Committee headed by Shri R.N. Malhotra, former Governor, Reserve Bank of India, to examine the structure of the insurance industry and recommend changes to make it more efficient and competitive keeping in view the structural changes in other parts of the financial.....

Trade Marks Act, 1999 Complete Act

State: Central

Year: 1999

TRADE MARKS ACT, 1999 TRADE MARKS ACT, 1999 47 of 1999 An Act to amend and consolidate the law relating to trade marks, to provide for registration and better protection of trade marks for goods and services and for the prevention of the use of fraudulent marks. BE it enacted by Parliament in the Fiftieth Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Trade Marks Act, 1999. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act, and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision. SECTION 02: DEFINITIONS AND INTERPRETATION (1) In this Act, unless the context otherwise requires, - (a) "Appellate Board" means the Appellate Board established under section 83-; (b) "assignment" means an assignment in writing by act of the parties concerned; (c) "associated trade marks" means trade marks deemed to be, or.....

The Kerala Cooperative Societies (Amendment) Act, 1999 [1] Complete Act

State: Kerala

Year: 1999

THE KERALA CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 1999 [1] THE KERALA CO-OPERATIVE SOCIETIES (AMENDMENT) ACT, 1999 [1] (Act 1 of 2000) An Act further to amend the Kerala Co-operative Societies Act, 1969. Preamble. "WHEREAS it is expedient further to amend the Kerala Co-operative Societies Act, 1969 for the purposes hereinafter appearing; BE it enacted in the Fiftieth Year of the Republic of India as follows:" 1. Short title and commencement."(1) This Act may be called the Kerala Co-operative Societies (Amendment) Act, 1999. (2) Sections 13, 16, 17, 18 and 21 of this Act shall come into force on such dates as the Government may by notification in the Gazette appoint; and different dates may be appointed for different provisions of this Act, and the other provisions of this Act shall come into force at once. 2. Amendment of the preamble."In the Kerala Co-operative Societies Act, 1969 (21 of 1969) (hereinafter referred to as the principal Act), for the existing preamble, the following preamble shall be substituted, namely:" "Preamble. "WHEREAS with a view to provide for the orderly development of the co-operative sector in the State, by.....

The Maharashtra Rent Control Act, 1999 Complete Act

State: Maharashtra

Year: 1999

.....or continued under requisition under the Bombay Land Requisition Act, 1948; (11) "prescribed" means prescribed by rules; (12) "repealed Act" or "repealed Acts" means the Act, or Acts referred to in section 58. (13) "rules" means the rules made under this Act; (14) "standard rent", in relation to any premises means, (a) where the standard rent is fixed by the Court or, as the case may be, the Controller under the Bombay Rent Restriction Act, 1939, or the Bombay Rents, Hotel Rates and Lodging House Rates (Control) Act, 1944 or the Bombay Rents, Hotel and Lodging House Rates Control Act, 1947, or the Central Provinces and Berar Letting of Houses and Rent Control Order, 1949 issued under the Central Provinces and Berar Regulation of Letting of Accommodation Act, 1946, or the Hyderabad Houses (Rent, Eviction and Lease) Control Act, 1954, such rent plus an increase of 5 per cent, in the rent so fixed; or (b) where the standard rent or fair rent is not so fixed, then subject to the provisions of sections 6 and 8, (i) the rent at which the premises were let on the 1st day of October 1987; or (ii) where the premises were not let on the 1st day of October 1987, or the rent at.....

The Punjab Municipal Act, 1999 Complete Act

State: Punjab

Year: 1999

.....means the Government of the State of Punjab; (27) "Hazardous process" means the hazardous process defined in Clause (cb) of section 2 of the Factories Act, 1948 (Act 63 of 1948); (28) "highly polluting industry" means such industry as the Government may, having regard to the nature of pollution caused by it, by notification, declare to be a highly polluting industry; (29) "Industrial Township" means the area specified as such under the first proviso to sub-section (1) of section 17 or under the first proviso to sub-section (1) of section 34 or under the first proviso to sub-section (1) of section 51, as the case may be; (30) "land" includes benefits to arise out of land, things attached to the earth or permanently fastened to anything attached to the earth and rights created by law over any street; (31) "Larger urban area" means a larger urban area specified as such under section 5; (32) "Local Authority" includes a Municipal Corporation, or a Municipal Council or a Nagar Panchayat constituted under this Act, a Gram Panchayat, a Panchayat Samiti and a Zila Parishad constituted as such under the Punjab Panchayati Raj Act, 1994 (Punjab Act 9 of 1994), and a Town Improvement.....

The Rajasthan Power Sector Reforms Act, 1999 Complete Act

State: Rajasthan

Year: 1999

THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 THE RAJASTHAN POWER SECTOR REFORMS ACT, 1999 (Act No. 23 of 1999) [Received the assent of the President of India on the 28th day of December, 1999] Preliminary Short title, extent and commencement.- This Act may be called the Rajasthan Power Sector Reforms Act, 1999. It shall extend to the whole of the State of Rajasthan. It shall come into force on such date as the State Government may, by notification, ppoint. Definitions.- In this Act, unless the context otherwise requires, - "Area of supply" means the area within which a supply licensee or any other person is for the time being athorized to distribute and supply energy "Area of transmission" means the area within which a holder of a transmission licence or any other person is for the time being authorized to transmit energy "Board" means the Rajasthan State Electricity Board constituted under section 5 of the Electricity(Supply) Act,1948(Central Act 54 of 1948) "Central Act" means the Electricity Regulatory Commission Act, 1998 (Central Act No. 14 of 1998) "Central Commission" means the Central Electricity Regulatory Commission, established under.....