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Start Free TrialSecurities Contracts Regulation Act, 1956 (42 of 1956) Section 8A
Title: Clearing Corporation
State: Central
Year: 1956
.....make bye-laws and submit the same to the Securities and Exchange Board of India for its approval. (3) The Securities and Exchange Board of India may, on being satisfied that it is in the interest of the trade and also in the public interest to transfer the duties and functions of a clearing house to a clearing corporation, grant approval to the bye-laws submitted to it under sub-Section (2) and approve transfer of the duties and functions of a clearing house to a clearing corporation referred to in sub-Section (1). (4) The provisions of Sections 4, 5, 6, 7, 8, 9, 10, 11 and 12 shall, as far as may be, apply to a clearing corporation referred to in sub-Section (1) as they apply in relation to a recognised stock exchange.".] _________________________ 1. Inserted vide The Securities Laws (Amendment) Act, 2004
View Complete Act List Judgments citing this sectionSlum Areas (Improvement and Clearance) Act, 1973 Section 13
Title: Power to Clear Slum Clearance Areas
State: Karnataka
Year: 1973
If any slum clearance area is not cleared or the buildings demolished before the expiration of the period mentioned in section 12 the prescribed authority shall enter and clear the area and demolish the buildings and subject to the provisions of section 61, sell the materials thereof.
View Complete Act List Judgments citing this sectionSarais Act, 1867 Section 9
Title: Power to Shut Up Secure Clear and Clean Deserted Sars
State: Central
Year: 1867
If any sarai by reason of abandonment or of disputed ownership shall remain untenanted, and thereby become a resort of idle and disorderly persons, or become in a filthy or unwholesome state, or be complained of by any two or more of the neighbours as a nuisance, the Magistrate of the District, after due enquiry, may cause notice in writing to be Vienna to the owner or to the person claiming to be the owner, if he be known and resident within the district, and may also cause such notice to be put on some conspicuous part of the sarai, requiring the persons concerned therein, whoever they may be, to secure, enclose, clean or clear the same; and if such requisition shall not be complied with eight days, the Magistrate of the District may cause the necessary work to be executed, and all expenses thereby incurred shall be paid by the owner of the sarai and shall be recoverable like penalties under this Act, or, in case of abandonment or disputed ownership of the sarai, by the sale of any material found therein.
View Complete Act List Judgments citing this sectionGovernment of India Act, 1935 [Repealed] Section 250
Title: Application of Four Last Preceding Sections to Persons Appointed by Secretary of State in Council, and Certain Other Persons
State: Central
Year: 1935
.....post under, persons appointed to a civil service or civil post by the Secretary of State. (2) Subject to the provisions of this section, the said sections and rules shall, in such cases and with such exceptions and modifications as the secretary of State may decide, also apply in relation to any person who- (a) not being a person appointed as aforesaid by the Secretary of State or the Secretary of State in Council, holds or has held a reserved post; or (b) holds or has held any civil post under the Crown in India and is, or was when he was first appointed to such a post, an officer in His Majesty's forces. (3) In relation to any person who was appointed before the commence the of Part III of this Act to a civil service of, or to a civil post under, Crown in India, the provision contained in the sections aforesaid that rule as to conditions of service shall have effect so as to give to any person less favourable terms as regards remuneration or pension than were given to him by the rules in force on the date on which he was first appointed to his service or was appointed to his post, shall be construed as a provision that no such rule shall have effect so as to give to.....
View Complete Act List Judgments citing this sectionPayment and Settlement Systems Act 2007 Section 34
Title: Act Not to Apply to Stock Exchanges or Clearing Corporations of Stock Exchanges
State: Central
Year: 2007
Nothing contained in this Act shall apply to stock exchanges or the clearing corporations of the stock exchanges.
View Complete Act List Judgments citing this sectionCustoms Act, 1962 Section 48
Title: Procedure in Case of Goods Not Cleared, Warehoused, or Transhipped Within Thirty Days After Unloading
State: Central
Year: 1962
If any goods brought into India from a place outside India are not cleared for home consumption or warehoused or transhipped1[within2[thirty days from the date of the unloading thereof at a customs station or within such further time as the proper officer may allow or if the title to any imported goods is relinquished, such goods may, after notice to the importer and with the permission of the proper officer be sold by the person having the custody thereof : Provided that -- ( a) animals, perishable goods and hazardous goods, may, with the permission of the proper officer, be sold at any time; ( b) arms and ammunition may be sold at such time and place and in such manner as the Central Government may direct. Explanation. --In this section, "arms" and "ammunition" have the meanings respectively assigned to them in the Arms Act, 1959 (54 of 1959). ________________________ 1. Substituted by Act 80 of 1985, section 4, for "within two months" (w.e.f. 27-12-1985). 2. Substituted by Act 55 of 1991, section 4, for "forty-five days" (w.e.f. 23-12-1991).
View Complete Act List Judgments citing this sectionSugar Undertakings (Taking over of Management) Act, 1978 Section 8
Title: Assistance to Notified Sugar Undertakings to Clear Arrears of Cane Dues
State: Central
Year: 1978
(1) The Central Government may issue such directions as it deems fit to the Custodian-General and the Custodians to facilitate the speedy clearance of arrears of cane dues so as to avoid undue hardship to cane producing farmers. (2) Without prejudice to the provisions of sub-section (1), the Central Government may render such assistance in such manner as it may deem fit to any notified sugar undertaking to enable the undertaking to clear the whole or any part of its arrears of cane dues so as to avoid undue hardship to cane producing farmers. Explanation. For the purposes of this section, the expression "arrears of cane dues" shall he construed in accordance with the provisions of Cls. (a) and (b) of sub-section (6) of section 3.
View Complete Act List Judgments citing this sectionSlum Areas (Improvement and Clearance) Act, 1973 Section 12
Title: Obligation to Clear Area and Demolish Buildings
State: Karnataka
Year: 1973
When a slum area has been declared to be a slum clearance area under sub-section (1) of section 11, the owners of the lands and the buildings in that area shall clear the area and demolish the buildings before the expiration of such period as may be prescribed.
View Complete Act List Judgments citing this sectionRevenue Recovery Act, 1890 Section 4
Title: Remedy Available to Person Denying Liability to Pay Amount Recovered Under Last Foregoing Section
State: Central
Year: 1890
.....but subject to the law in force at the place aforesaid, give evidence with respect to any matter stated in the certificate. [Ins.by the A.O.1937] [(4) This section shall apply if under this Act as in force as part of the law of [Ins.by the India (Adaptation of Income-Tax, Profits Tax and Revenue Recovery Acts) Order, 1941 (G.G.O.31 dated the 10th December, 1947), (Gazette of India, 1947, Extraordinary, 1333).] [Pakistan or] Burma, or under any other similar Act forming part of the law of [Ins.by the India (Adaptation of Income-Tax, Profits Tax and Revenue Recovery Acts) Order, 1947 (G.G.O.31 dated the 10th December 1947), (Gazette of India.1947, Extraordinary, 1333).] [Pakistan or] Burma, proceedings are taken against a person in [Subs.ibid., for "Burma".] [Pakistan or Burma, as the case may be,] for the recovery of an amount stated in a certificate made by a Collector in [Subs by Act 33 of 1950, s.2 (2) and Sch., for " a Part A State or a Part C State".] [any State to which this Act extends].]
View Complete Act List Judgments citing this sectionIndian Succession Act, 1925 Section 88
Title: The Last of Two Inconsistent Clauses Prevails
State: Central
Year: 1925
Where two clauses of gifts in a Will are irreconcileable, so that they cannot possibly stand together, the last shall prevail. Illustrations (i) The testator by the first clause of his Will leaves his estate of Ramnagar "to A", and by the last clause of his Will leaves it "to B and not to A". B Will have it, (ii) If a man, at the commencement of his Will gives his house to A, and at the close of it directs that his house shall be sold and the proceeds invested for the benefit of B, the latter disposition Will prevail.
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