Bare Act Search Results

Income Tax Act, 1961 Section 115AD

Title: Tax on Income of Foreign Institutional Investors from Securities or Capital Gains Arising from their Transfer

State: Central

Year: 1961

.....specify in this behalf ; (b) the expression securities shall have the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956). __________________________________ 1. Substituted by the Finance (No. 2) Act, 1998, with effect from 1st April, 1999. Prior to substitution, clause (a) as amended by the Finance Act, 1997, with effect from 1st April, 1998, stood as under : (a) income other than income by way of dividends referred to in section 115-O received in respect of securities (other than units referred to in section 115AB) listed in recognised stock exchange in India in accordance with the provisions of the Securities Contracts (Regulation) Act, 1956 (42 of 1956), and any rules made thereunder ; or 2. Substituted for income by the Finance Act, 2003, with effect from 1st April, 2004. Earlier, the expression other than income by way of dividends referred to in section 115-O was omitted by the Finance Act, 2002, with effect from 1st April, 2003, which was inserted by the Finance Act, 1999, with effect from 1st April, 1999. 3. Inserted by the Finance (No. 2) Act, 2004, with effect from 1st April, 2005. 4......

SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 Section 15C

Title: Penalty for failure to redress investors' grievances

State: Central

Year: 1992

1 [15C. Penalty for failure to redress investors'grievances If any listed company or any person who is registered as an intermediary, after having been called upon by the Board in writing, to redress the grievances of investors, fails to redress such grievances within the time specified by the Board, such company or intermediary shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.] ______________________ 1.Substituted by Act 59 of 2002, section 11, for section " 15C. Penalty for failure to redress investors'grievances.- It any person, who is registered as an intermediary, after having been called upon by the Board in writing to redress the grievances of investors, fails to redress such grievances, he shall be liable to a penalty not exceeding ten thousand rupees for each such failure." (w.r.e.f. 29-10-2002).

Companies Act, 2013, Section 125

Title: Investor Education and Protection Fund

State: Central

Year: 2013

.....(5) of section 124; (d) the amount in the general revenue account of the Central Government which had been transferred to that account under sub-section (5) of section 205A of the Companies Act, 1956 (1 of 1956), as it stood immediately before the commencement of the Companies (Amendment) Act, 1999 (21 of 1999), and remaining unpaid or unclaimed on the commencement of this Act; (e) the amount lying in the Investor Education and Protection Fund under section 205C of the Companies Act, 1956 (1 of 1956); (f) the interest or other income received out of investments made from the Fund; (g) the amount received under sub-section (4) of section 38; (h) the application money received by companies for allotment of any securities and due for refund; (i) matured deposits with companies other than banking companies; (j) matured debentures with companies; (k) interest accrued on the amounts referred to in clauses (h) to (j); (l) sale proceeds of fractional shares arising out of issuance of bonus shares, merger and amalgamation for seven or more years; (m) redemption amount of preference shares remaining unpaid or unclaimed for seven or more years; and (n) such other.....

Companies Act, 1956 Section 205C

Title: Establishment of Investor Education and Protection Fund

State: Central

Year: 1956

.....such rules as may be prescribed. (4) The Central Government shall, by notification in the Official Gazette, specify an authority or committee, with such members as the Central Government may appoint, to administer the Fund, and maintain separate accounts and other relevant records in relation to the Fund in such form as may be prescribed in consultation with the Comptroller and Auditor-General of India. (5) It shall be competent for the authority or committee appointed under sub-section (4) to spend moneys out of the Fund for carrying out the objects for which the Fund has been established.] ____________________ 1. Inserted by Act 21 of 1999, Section 12 ( w.r.e.f. 31-10-1998).

DEPOSITORIES ACT, 1996 (22 OF 1996) Section 19C

Title: Penalty for failure to redress Investors' grievances

State: Central

Year: 1996

1 [Section 19C - Penalty for failure to redress Investors' grievances If any depository or participant or any issuer or its agent or any person, who is registered as an intermediary under the provisions of Section 12 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), after having been called upon by the Board in writing, to redress the grievances of the investors, fails to redress such grievances within the time specified by the Board, such depository or participant or issuer or its agent or intermediary shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.] _____________________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004

Income Tax Act, 1961 Section 196D

Title: Income of Foreign Institutional Investors from Securities

State: Central

Year: 1961

.....cheque or draft or by any other mode, whichever is earlier, deduct income-tax thereon at the rate of twenty per cent : 1[Provided that no such deduction shall be made in respect of any dividends referred to in section 115-O.] (2) No deduction of tax shall be made from any income, by way of capital gains arising from the transfer of securities referred to in section 115AD, payable to a Foreign Institutional Investor. ________________ 1. Reinserted by the Finance Act, 2003, with effect from 1st April, 2003. Earlier, the proviso was omitted by the Finance Act, 2002, with effect from 1st June, 2002. Prior to that omission, the proviso, as inserted by the Finance Act, 1997, with effect from 1st June, 1997, stood as under: Provided that no such deduction shall be made in respect of any dividends referred to in section 115-O.

Securities Contracts Regulation Act, 1956 (42 of 1956) Section 23C

Title: Penalty for Failure to Redress Investors Grievances

State: Central

Year: 1956

1[Section 23C - Penalty for failure to redress Investors grievances If any stock broker or sub-broker or a company whose securities are listed or proposed to be listed in a recognised stock exchange, after having been called upon by the Securities and Exchange Board of India or a recognised stock exchange in writing, to redress the grievances of the investors, fails to redress such grievances within the time stipulated by the Securities and Exchange Board of India or a recognised stock exchange, he or it shall be liable to a penalty of one lakh rupees for each day during which such failure continues or one crore rupees, whichever is less.] _______________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004

Securities and Exchange Board of India Act, 1992 Complete Act

State: Central

Year: 1992

.....Section 3 of the Reserve Bank of India Act, 1934 (2 of 1934). (i) "securities" has the meaning assigned to it in section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956). 3[(2) Words and expressions used and not defined in this Act but defined in the Securities Contracts (Regulation) Act, 1956 (42 of 1956)2[or the Depositories Act, 1996], shall have the meanings respectively assigned to them in that Act.] CHAPTER 2 ESTABLISHMENT OF THE SECURITIES AND EXCHANGE BOARD OF INDIA SECTION 03: ESTABLISHMENT AND INCORPORATION OF BOARD (1) With effect from such date as the Central Government may, by notifica- tion, appoint, there shall be established, for the purposes of this Act, a Board by the name of the Securities and Exchange Board of India. (2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power subject to the provisions of this Act, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall, by the said name, sue or be sued. (3) The head office of the Board shall be at Bombay. (4) The Board may establish offices at other places in India. SECTION 04:.....

Income Tax Act, 1961 Complete Act

State: Central

Year: 1961

INCOME TAX ACT, 1961 INCOME TAX ACT, 1961 43 of 1961 [AS AMENDED BY FINANCE ACT, 2003] An Act to consolidate and amend the law relating to income-tax and super-tax BE it enacted by Parliament in the Twelfth 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 Income-tax Act, 1961. (2) It extends to the whole of India. (3) Save as otherwise provided in this Act, it shall come into force on the 1st day of April, 1962. Section 2 Definitions 1 Inserted by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1) "advance tax" means the advance tax payable in accordance with the provisions of Chapter XVII-C;] 2 Renumbered as clause (1A) by the Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989.[(1A)] 3 For manner of computation of income which is partially agricultural and partially frombusiness, see rules 7, 7A, 7B and 8. For analysis, see Mashbra's Income-tax Rules."agricultural income" means - 4 Substituted by the Taxation Laws (Amendment) Act, 1970, w.r.e.f. 1-4-1962.[(a) any rent or revenue derived from land which is situated in India and is used for.....

Securities Contracts Regulation Act, 1956 (42 of 1956) Amending Act 5

Title: Securities Laws (Amendment) Act,2004

State: Central

Year: 1956

THE SECURITIES LAWS (AMENDMENT) ACT, 2004 [Act, No. 1 of 2005] [6th January, 2005] PREAMBLE A Act further to amend the Securities Contracts (Regulation) Act, 1956 and the Depositories Act 1996. Be it enacted by Parliament in the Fifty Fifth year of Republic of India as follows:- CHAPTER I PRELIMINARY 1. Short title and commencement (1) This Act may be called the Securities Laws (Amendment) Act, 2004. (2) It shall come be deemed to have come into force on the 12th day of October, 2004. CHAPTER II AMENDMENTS TO THE SECURITIES CONTRACTS (REGULATION) ACT, 1956 2. Amendment of Section 2 In Section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) (hereafter in this Chapter referred to as the principal Act),- (i) clause (aa) shall be re-lettered as clause (ac) thereof and before the clause (ac) as so re-lettered, the following clauses shall be inserted, namely:- '(aa) "corporatisation" means the succession of a recognised stock exchange, being a body of individuals or a society registered under the Societies Registration Act, 1860 (21 of 1860), by another stock exchange, being a company incorporated for the purpose of assisting,.....