Bare Act Search Results

Finance Act 2007 Chapter III

Title: Direct Taxes

State: Central

Year: 2007

.....the purposes of this clause, "commodity exchange" shall mean a "registered association" as defined in clause (jj) of section 2 of the Forward Contracts (Regulation) Act, 1952(74 of 1952);'; (g) in clause (23FB), with effect from the 1st day of April, 2008 -- (i) for the words "set up to raise funds for investment", the words "from investment" shall be substituted; (ii) in Explanation 1, for clause (c), the following clause shall be substituted, namely:-- '(c) "venture capital undertaking" means such domestic company whose shares are not listed in a recognised stock exchange in India and which is engaged in the-- (i) business of-- (A) nanotechnology; (B) information technology relating to hardware and software development; (C) seed research and development; (D) bio-technology; (E) research and development of new chemical entities in the pharmaceutical sector; (F) production of bio-fuels; (G) building and operating composite hotel-cum-convention centre with seating capacity of more than three thousand; or "(H) developing or operating and maintaining or developing, operating and maintaining any infrastructure facility as defined in the Explanation to.....

Payment and Settlement Systems Act, 2007 Complete Act

State: Central

Year: 2007

PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 PAYMENT AND SETTLEMENT SYSTEMS ACT, 2007 51 OF 2007 An Act to provide for the regulation and supervision of payment systems in India and to designate the Reserve Bank of India as the authority for that purpose and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty-eighth Year of the Republic of India as follows:- CHAPTER 1 : Preliminary SECTION 1 : Short title extent and commencement (1) This Act may be called the Payment and Settlement Systems Act, 2007. (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 and different dates may be appointed for different provisions of this Act, and any reference to the commencement in any such provision of this Act shall be construed as a reference to the commencement of that provision. SECTION 2 : Definitions (1) In this Act, unless the context otherwise requires,- (a) "bank" means,- (i) a bank included in the Second Schedule to the Reserve Bank of India Act, 1934 (2 of 1934); (ii) a post office savings bank; (iii) a banking company.....

Finance Act, 2007 Complete Act

State: Central

Year: 2007

.....in the Fifty-eighth Year of the Republic of India as follows- CHAPTER 1: PRELIMINARY: SECTION 1: Short title and commencement: (1) This Act may be called the Finance Act, 2007. (2) Save as otherwise provided in this Act, sections 2 to 93 shall be deemed to have come into force on the 1st day of April, 2007. CHAPTER 2: RATES OF INCOME-TAX: SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2007, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax as reduced by the rebate of income-tax calculated under Chapter VIII-A of the Income-tax Act, 1961(43 of 1961) (hereinafter referred to as the Income-tax Act) shall be increased by a surcharge for purposes of the Union calculated in each case in the manner provided therein. (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 five thousand rupees, in addition to total income, and the total income exceeds one lakh rupees, then,-- (a) the net agricultural income shall be taken.....

Payment and Settlement Systems Act 2007 Chapter VI

Title: Settlement of Disputes

State: Central

Year: 2007

.....funds transfer through an instruction, authorisation, order or agreement, did not have reason to believe at the time of such instruction, authorisation, order or agreement that the credit of his account is insufficient to effect the electronic funds transfer. (4) The Court shall, in respect of every proceeding under this section, on production of a communication from the bank denoting the dishonour of electronic funds transfer, presume the fact of dishonour of such electronic funds transfer, unless and until such fact is disproved. (5) The provisions of Chapter XVII of the Negotiable Instruments Act, 1881(26 of 1881) shall apply to the dishonour of electronic funds transfer to the extent the circumstances admit. Explanation. For the purposes of this section, "debt or other liability" means a legally enforceable debt or other liability, as the case may be.

Payment and Settlement Systems Act 2007 Section 25

Title: Dishonour of Electronic Funds Transfer for Insufficiency, Etc., of Funds in Theaccount

State: Central

Year: 2007

.....funds transfer through an instruction, authorisation, order or agreement, did not have reason to believe at the time of such instruction, authorisation, order or agreement that the credit of his account is insufficient to effect the electronic funds transfer. (4) The Court shall, in respect of every proceeding under this section, on production of a communication from the bank denoting the dishonour of electronic funds transfer, presume the fact of dishonour of such electronic funds transfer, unless and until such fact is disproved. (5) The provisions of Chapter XVII of the Negotiable Instruments Act, 1881(26 of 1881) shall apply to the dishonour of electronic funds transfer to the extent the circumstances admit. Explanation. For the purposes of this section, "debt or other liability" means a legally enforceable debt or other liability, as the case may be.

The Himachal Pradesh Police Act, 2007 Complete Act

State: Himachal

Year: 2007

THE HIMACHAL PRADESH POLICE ACT, 2007 THE HIMACHAL PRADESH POLICE ACT, 2007 [Act No. 17 of 2007] [21st September, 2007] PREAMBLE An Act to consolidate and amend the law relating to the establishment and management of the Police and matters connected therewith or incidental thereto; WHEREAS the Nation's founding faith is the primacy of the rule of law and the Police, as guardians of the law must promote the rule of law and render impartial and efficient service to the people with due respect for human rights as well as due concern for the security of the State and the Nation; AND WHEREAS the Police needs to be professionally organized and kept free from extraneous influences, so that it is respected by citizens and accountable to law; AND WHEREAS it is expedient to explicitly define the role, duties and responsibilities of the Police, taking into account the emerging challenges of policing, and concern for the security of the State as well the need to ensure good governance and respect for human rights; AND WHEREAS it is necessary to appropriately empower the Police to enable it to function as a professionally efficient, effective and responsive agency. BE it enacted by.....

The Kerala Antisocial Activities (Prevention) Act, 2007 Complete Act

State: Kerala

Year: 2007

THE KERALA ANTI-SOCIAL ACTIVITIES (PREVENTION) ACT, 2007 ACT 34 OF 2007 THE KERALA ANTI-SOCIAL ACTIVITIES (PREVENTION) ACT, 2007 An Act specifically to provide for the effective prevention and control of certain kind of anti-social activities is the State of Kerala. Preamble.-- WHEREAS, it is expedient specifically to provide for the effective prevention and control of certain kind of anti-social activities in the State of Kerala; BE it enacted in the Fifty-eighth Year of the Republic of India as follows:- 1. Short title and commencement.-- (1) This Act may be called the Kerala Anti-Social Activities (Prevention)Act, 2007. (2) It shall be deemed to have come into force on the 13th day of December, 2006. 2. Definitions.--In this Act, unless the context otherwise requires,-- (a) ''anti-social activity'' means acting in such manner as to cause or is likely to cause, directly or indirectly, any feeling of insecurity, danger or fear among the general public or any section thereof, or any danger to the safety of individuals, safety of public, public health or the ecological system or any loss or damage to public exchequer or to any public or private property or.....

The Kerala Police (Amendment) Act, 2007 Complete Act

State: Kerala

Year: 2007

.....his conduct has been adversely commented upon by any judicial authority; (i)disorder or rampant crime on his area of jurisdiction. (j)public dissatisfaction with the effectiveness of policing in the jurisdiction; and (K)if he request to be transferred from the post;" 5. Insertion of new Chapter IIIA.-- After chapter III of the principal Act, the following chapter shall be inserted, namely:-- "CHAPTER - III A STATE SECURITY COMMISSION, POLICE ESTABLISHMENT BOARD AND POLICE COMPLAINTS AUTHORITY 17A. The State Security Commission.--(1) The Government may, by notification in the Official Gazette constitute a State Security Commission for the purpose of exercising such functions and discharging such duties as may be assigned to the Commission under this Act. (2) The Commission shall consists of the following members, namely:-- (i) The Minister in-charge of Home Department who shall be the Chairman; (ii) The Minister in-charge of Law; (iii) The Leader of Opposition; (iv) The Chief Secretary-- ex-officio; (v) The Secretary to Government, Home Department -- ex-officio; (vi) The Director General of Police-- ex-officio; (vii) Three non-official members, who shall be persons of.....

The Assam Police Act, 2007 Complete Act

State: Assam

Year: 2007

.....Code of Criminal Procedure, 1973 (Central Act No.2 of 1974), and the Indian Penal Code 1860 {Central Act No. 45 of 1860), and Assam General Clauses Act, 1915 (Assam Act 2 of 1915). Section 3 - One Police Force of the State (1) There shall be one Police Force for the State; Members of the Police shall be liable for posting to any branch of the Force in the State, including any of its specialized wings. (2) The entire police establishment under the State Government shall, for the purpose of this Act, be deemed to be one Police Force and shall be formally enrolled and shall consist of such members of officers and men, and shall be constituted in such manner, as shall from time to time be ordered by the State Government. Section 4 - Constitution and composition of the Police Force Subject to the provisions of this Act,- (1) the Police Force shall consist of such numbers in various ranks and have such organization as the State Government may by general or special orders determine; (2) the direct recruitments to non-gazetted ranks in the Police Force shall be made through a state-level Police Recruitment Board by a transparent process, adopting well-codified and.....

Khadi and Village Industries Commission Regulations, 2007 Complete Act

State: Central

Year: 2007

.....extended by a maximum period of one year in individual cases by the Appointing authority if he considers it necessary to do so. (2) (a) After satisfactory completion of the trial period employees will be continued in the temporary posts. (b) Employees recruited against permanent vacancies will be confirmed therein after satisfactory completion of probation, provided that the employees have passed the prescribed Hindi Examination. (3) (a) Except as otherwise provided in this sub-regulation, every employee of the Commission (other than an honorary worker or a Government Servant) shall retire on the day he attains the age of sixty years. (b) Notwithstanding anything contained in clause (a), the Commission shall, if it is of the opinion that it is in public interest to do so, have the absolute rights to retire any employee by giving him notice of not less than three months in writing or three months pay and allowances in lieu of such notice; (i) if he is Group A of Group - B service or post and had entered the services of the Commission before attaining the age of thirty five years after he has attained the age of fifty years; (ii) in all other cases after he has attained the age.....