Bare Act Search Results

Income Tax Act, 1961 Section 80C

Title: Deduction in Respect of Life Insurance Premia, Deferred Annuity, Contributions to Provident Fund, Subscription to Certain Equity Shares or Debentures, Etc.

State: Central

Year: 1961

.....to keep in force a contract for a deferred annuity, not being an annuity plan referred to in clause (xii), on the life of persons specified in sub-section (4): Provided that such contract does not contain a provision for the exercise by the insured of an option to receive a cash payment in lieu of the payment of the annuity; (iii) by way of deduction from the salary payable by or on behalf of the Government to any individual being a sum deducted in accordance with the conditions of his service, for the purpose of securing to him a deferred annuity or making provision for his spouse or children, in so far as the sum so deducted does not exceed one-fifth of the salary; (iv) as a contribution by an individual to any provident fund to which the Provident Funds Act, 1925 (19 of 1925), applies; (v) as a contribution to any provident fund set-up by the Central Government and notified by it in this behalf in the Official Gazette, where such contribution is to an account standing in the name of any person specified in sub-section (4); (vi) as a contribution by an employee to a recognised provident fund; (vii) as a contribution by an employee to an approved superannuation.....

Income Tax Act, 1961 Section 88

Title: Rebate on Life Insurance Premia, Contribution to Provident Fund, Etc.

State: Central

Year: 1961

..... 8. Substituted by the Finance Act, 2003, with effect from 1st April, 2004. Prior to substitution, the Explanation, as amended by the Finance Act, 1997, with effect from 1st April, 1998 ; and Finance Act, 1999, with effect from 1st April, 2000, stood as under : Explanation : For the purposes of this clause, (i) eligible issue of capital means an issue made by a public company formed and registered in India or a public financial institution and the entire proceeds of the issue is utilised wholly and exclusively either for the purposes of developing, maintaining and operating an infrastructure facility or for generating, or for generating and distributing, power or for providing telecommunication services whether basic or cellular ; (ii) infrastructure facility shall have the meaning assigned to it in the Explanation to sub-section (4) of section 80-IA ; (iii) public company shall have the meaning assigned to it in section 3 of the Companies Act, 1956 (1 of 1956) ; (iv) public financial institution shall have the meaning assigned to it in section 4A of the Companies Act, 1956 (1 of 1956) ; 9. See rule 20A and Form 59A. For analysis, see Mashbras Income-tax Rules......

Insurance Regulatory and Development Authority (Licensing of Corporate Agents) Regulations, 2002 Complete Act

State: Central

Year: 2002

.....insurance executive and each of the specified persons shall also not suffer from any of the disqualifications specified under Sec. 42-D of the Act. Regulation 5 Practical Training (1) Where an applicant is seeking licence for the first time to act as a corporate agent, a corporate insurance executive of such an applicant shall have completed from an approved institution, at least, one hundred hours' practical training which may be spread over three to four weeks, in either life of general insurance business, as the case may be. Provided that the corporate insurance executive of the applicant shall have completed from an approved institution, at least, one hundred fifty hours' practical training which may be spread over six to eight weeks both in life and general insurance business, where such an applicant is seeking licence for the first time to act as a composite corporate agent. (2) Where the corporate insurance executive of the applicant, referred to under sub-regulation (1), is- (a) an Associate/Fellow of the Insurance Institute of India, Mumbai; (b) an Associate/Fellow of the Institute of Chartered Accountants of India, New Delhi; (c) an Associate/Fellow of the.....

Insurance Regulatory and Development Authority (Licensing of Insurance Agents) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....in the form of a report (called "Insurance Agent's Confidential Report") along with every proposal submitted to the insurer, and any material fact that may adversely affect the underwriting decision of the insurer as regards acceptance of the proposal, by making all reasonable enquiries about the prospect; (h) inform promptly 'the prospect about the acceptance or rejection of the proposal by the insurer; (i) obtain the requisite documents at the time of filing the proposal form with the insurer; and other other documents. subsequently asked for by the insurer for completion of the proposal; (j) render necessary assistance to the policy- holders or claimants or beneficiaries in complying with the requirements for settlement of claims by the insurer; (k) advise every individual policy-holder to effect nomination or assignment or change of address or exercise of options, as the case may be, and offer necessary assistance in this behalf, wherever necessary; (ii) No insurance agent shall,- (a) solicit or procure insurance business without holding a valid licence; (b) induce the prospect to omit any material information in the proposal form; (c) induce the prospect to submit.....

Agricultural Income-tax Act, 1957 Section 5A

Title: Exemption in Respect of Insurance Premia, Contribution to Provident Fund Etc,.

State: Karnataka

Year: 1957

.....or on the life of the wife or husband or any child of the assessee; or (iii) as a contribution to any provident fund to which the Provident Fund Act, 1925 (Central Act 19 of 1925) applies; or (iv) as a contribution for participation in the Unit Linked Insurance Plan 1971 made under section 19 (1) (cc) of the Unit Trust of India Act, 1963 (Central Act 52 of 1963); or 25 (v) any sum deposited in a ten year account or fifteen year account under the Post Office Savings Bank (Cumulative Time Deposits) Rules, 1959, as amended from time to time; or 2 [(vi) as a subscription to the National Savings Certificate (VI Issue), the National Savings Certificate (VII Issue) and the National Savings Certificate (VIII Issue).] (b) where the assessee is a Hindu undivided family any sums paid in the previous year by the assessee out of its income chargeable to tax,-- (i) to effect or to keep in force an insurance on the life of any member of the family; or (ii) as a contribution to any provident fund referred to in sub-clause (iii) of the clause (a) where such contribution is to an account standing in the name of any member of the family; or (iii) any sums deposited in a ten year.....

Karnataka Town and Country Planning Act, 1961 Chapter 3

Title: Outline Development Plan

State: Karnataka

Year: 1961

.....intention of making outline development plan (1) A Planning Authority, before carrying out a survey of the area under its jurisdiction under sub-section (1) of section 9, for the purpose of preparing an outline development plan for such area, shall make a declaration of its intention to prepare such plan and shall despatch a copy thereof to the State Government for publication in the official Gazette and shall publish in the prescribed manner for inviting suggestions from the public within a period of two months: Provided that no such declaration of intention need be made when the outline development plan is prepared and published by the Director under sub-section (2) of section 9. (2) If within two months from the date of publication of the declaration under sub-section (1) any member of the public communicates in writing to the Planning Authority any suggestion relating to such plan, the Planning Authority shall consider such suggestion and may, at any time, before sending the Plan to the State Government make such modification in the plan as it thinks fit. Section 11 - Power of entry for carrying out surveys for preparing outline development plan For the purpose of.....

Karnataka Town and Country Planning Act, 1961 Chapter 4

Title: Comprehensive Development Plan

State: Karnataka

Year: 1961

.....stages by which the plan is to be carried out. (2) Thereport shall further contain a summary of the findings in the surveys carriedout under sub-section (2) of section 19, and give relevant information and datasupporting proposals in the plan and deal in detail with,- (a)acquisition of land for the purpose of implementing the plan, (b)plan, financial responsibility connected with the proposed improvements, and (c)the manner in which these responsibilities are proposed to be met. _____________________ 1. Substituted by Acts 17 of 1991 w.e.f.19.04.1991. Section 22 - Approval of comprehensive Development plan (1) On receipt of the comprehensive Development Plan and the report under sub-section (1) of section 19, or after such plan and report are prepared under sub-section (3) of section 19, the State Government shall have the plan and the report so received and prepared, examined by the Director. After making such modifications as may be advised by the Director, the State Government shall return the plan and the report to the Planning Authority through the Director and the Planning Authority shall thereupon publish, by notification, the plan and the report,.....

Karnataka Town and Country Planning Act, 1961 Complete Act

Title: Karnataka Town and Country Planning Act, 1961

State: Karnataka

Year: 1961

.....Sub-Division, inclusion of any area in a Local Planning Area Section 4B - Power to withdraw Local Planning Area from operation of this Act Section 4C - Constitution of Planning Authority Section 4D - Term of office and conditions of service of the Chairman and members of Planning Authorities Section 4E - Meetings of Planning Authorities Section 4F - Temporary association of persons with the Planning Authority for particular Purposes Section 4G - Staff of the Planning Authority Section 4H - Functions of the Member-Secretary of the Planning Authority Chapter 2 Section 5 - Date to be specified Section 6 - Preparation of a map showing present land use Section 7 - Application for correction of entries in map Section 8 - Entries in map conclusive evidence subject to orders under section 7 Chapter 3 Section 9 - Preparation of outline development plan Section 10 - Declaration of intention of making outline development plan Section 11 - Power of entry for carrying out surveys for preparing outline development plan Section 12 - Contents of outline development plan Section 13 - Approval of the outline development plan Section 14 - Enforcement of the outline.....

National Capital Region Planning Board Act, 1985 Chapter IV

Title: The Regional Plan

State: Central

Year: 1985

.....notice, the Regional Plan shall come into operation. (2) The publication of the Regional Plan, after previous publication, as required by section 12, shall be conclusive proof that the Regional Plan has been duly prepared. Section 14 - Modifications of the Regional Plan (1) The Board may, subject to the provisions of sub-section (2), make such modifications in the Regional Plan as finally prepared by it, as it may think fit, being modifications which, in its opinion, do not effect important alterations in the character of the Regional Plan and which do not relate to the extent of land uses or the standards of population density. (2) Before making any modifications in the finally prepared Regional Plan, the Board shall publish a notice, in such form and in such manner as may be prescribed, indicating therein the modifications which are proposed to be made in the finally prepared Regional Plan, and inviting objections and suggestions from any person with respect to the proposed modifications before such date as may be specified in the notice and shall consider all objections and suggestions that may be received by it on or before the date so specified. (3) Every.....

National Capital Region Planning Board Act, 1985 Chapter V

Title: Functional Plans Sub-regional Plans and Project Plans

State: Central

Year: 1985

.....date of receipt of such Plan, its observations with regard to the Sub-Regional Plan to the participating State or the Union Territory by which such Plan was referred to it. (3) The participating State, or, as the case may be, the Union Territory, shall after due consideration of the observations made by the Board, finalise the Sub-Regional Plan after ensuring that it is in conformity with the Regional Plan. Section 20 - Implementation of Sub-Regional Plans, etc Each participating State, or, as the case may be, the Union Territory shall be responsible for the implementation of the Sub-Regional Plan as finalised by it under sub-section (3) of Section 19 and Project Plan prepared by it.