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Start Free TrialNational Institutes of Technology (Amendment) Act, 2012, (Central) Section 2
Title: Amendment of Long Title
State: Central
Year: 2012
In the National Institutes of Technology Act, 2007 (hereinafter referred to as the principal Act), in the long title, for the words "certain institutions of technology", the words "certain institutions of technology, science education and research" shall be substituted.
View Complete Act List Judgments citing this sectionAll-india Institute of Medical Sciences (Amendment) Act, 2012, (Central) Section 2
Title: Amendment of Long Title
State: Central
Year: 2012
In the All-India Institute of Medical Sciences Act, 1956 (25 of 1956) (hereinafter referred to as the principal Act), in the long title, for the words "an All-India Institute of Medical Sciences", the words "All-India Institutes of Medical Sciences" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Schedule
Title: the Third Schedule
State: Central
Year: 2012
.....covered by ISRI code word 'Vaunt"'; (6) in Chapter 76, in heading 7602, in tariff item 7602 00 10, in column (2),-- (a) for the words "ISRI code word 'Talap', the words "ISRI code word 'Talc"' shall be substituted; (b) for the words "ISRI code word 'Tanri', the words "ISRI code word 'Tann'" shall be substituted; (c) for the words "old aluminium foil covered by ISRI code word 'Testy"', the following words shall be substituted, namely:-- "New aluminium foil covered by ISRI code word 'Tetra'; Old aluminium foil covered by ISRI code word 'Tesla';"; (d) for the words "ISRI code word 'Twitch"', the following words and brackets shall be substituted, namely:-- "ISRI codeword 'Twitch'; Aluminium auto or truck wheels covered by ISRI code word 'Troma'; Fragmentizer aluminium scrap from automobile shredders covered by ISRI code word 'Tweak'; Burnt Fragmentizer aluminium scrap (from automobile shredders) covered by ISRI code word 'Twire'; Shredded non-ferrous scrap (predominantly aluminium) covered by ISRI code word 'Zorba'; Aluminium drosses, spatterns, spellings, skimmings and sweepings covered by ISRI code word 'Thirl'; New production aluminium extrusions.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Schedule
Title: the Seventh Schedule
State: Central
Year: 2012
.....of jewellery or on articles of goldsmiths' or silversmiths' wares of precious metal or of metal clad with precious metal, shall amount to "manufacture".'; (b) for the entry in column (4) occurring against all the tariff items of heading 7101, 7103, 7104 (except 7104 10 00), 7105 and 7106, the entry "12%" shall be substituted; (c) in tariff item 7104 10 00, for the entry in column (4), the entry "6%" shall be substituted; (d) in tariff item 7107 00 00, for the entry in column (4), the entry "12%" shall be substituted; (e) for the entry in column (4) occurring against all the tariff items of heading 7108, the entry "12%" shall be substituted; (f) in tariff item 7109 00 00, for the entry in column (4), the entry "12%" shall be substituted; (g) for the entry in column (4) occurring against all the tariff items of heading 7110, the entry "12%" shall be substituted; (h) in tariff item 7111 00 00, for the entry in column (4), the entry "12%" shall be substituted; (i) for the entry in column (4) occurring against all the tariff items of headings 7112, 7113, 7114, 7115 and 7116, the entry "12%" shall be substituted; (j) for the entry in column (4) occurring against.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Schedule
Title: the First Schedule
State: Central
Year: 2012
.....any debentures issued by a company where such debentures are listed on a recognised stock exchange in India in accordance with the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and any rules made thereunder; (C) any security of the Central or State Government (vi) on any other income 10 per cent.; (b) where the person is not resident in India (i) in the case of a non-resident Indian (A) on any investment income 20 per cent.; (B) on income by way of long-term capital gains referred to in section 115E or sub-clause (iii) of clause (c) of sub-section (1) of section 112. 10 per cent.; (C) on income by way of short-term capital gains referred to in section 111A 15 per cent.; (D) on other income by way of long-term capital gains [not being long-term capital gains referred to in clauses (33), (36) and (38) of section 10] 20 per cent.; (E) on income by way of interest payable by Government or an Indian concern on moneys borrowed or debt incurred by Government or the Indian concern in foreign currency (not being income by way of interest referred to in section 194LB or section 194LC) 20 per cent.; (F) on income by way of royalty payable by.....
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 41A
Title: Amendment of Section 112
State: Central
Year: 2012
In section 112 of the Income-tax Act, in sub-section (1), with effect from the 1st day of April, 2013,- (A) in clause (c), for sub-clause (ii), the following sub-clauses shall be substituted, namely: - "(ii) the amount of income tax calculated on long term capital gains [except where such gain arises from transfer of capital asset referred to in sub-clause (iii)] at the rate of twenty per cent. ; and (iii) the amount of income tax on long term capita) gains arising from the transfer of a capital asset, being unlisted securities, calculated at the rate often per cent. on the capital gains in respect of such asset as computed without giving effect to the first and second proviso to section 48."; (B) in the Explanation, for clause (a), the following clauses shall be substituted, namely:- '(a) the expression "securities" shall have the meaning assigned to it in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956(32 of 1956.); (aa) "listed securities" means the securities which are listed on any recognised stock exchange in India; (ab) "unlisted securities" means securities other than listed securities;
View Complete Act List Judgments citing this sectionNational Institute of Mental Health and Neuro-sciences, Bangalore Act, 2012, (Central) Section 6
Title: Term of Office of and Vacancies Among Members
State: Central
Year: 2012
.....of a member shall be five years from the date of his nomination or election. (2) The term of office of a member elected under clause (l) of sub-section (1) of section 5 shall come to an end as soon as he becomes a Minister or Minister of State or Deputy Minister or the Speaker or the Deputy Speaker of the House of the People or the Deputy Chairman of the Council of States or ceases to be a member of the House from which he was elected. (3) The term of office of an ex officio member shall continue so long as he holds the office by virtue of which he is such a member. (4) The term of office of a member nominated or elected to fill a casual vacancy shall continue for the remainder of the term of the member in whose place he is nominated or elected. (5) An outgoing member other than a member elected under clause (l) of sub-section (1) of section 5 shall continue in office until another person is nominated as a member in his place or for a period of three months, whichever is earlier: Provided that the Central Government shall nominate a member in place of an outgoing member within the said period of three months. (6) An outgoing member shall be eligible for.....
View Complete Act List Judgments citing this sectionRajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 4
Title: Incorporation of Institute
State: Central
Year: 2012
(1) The Rajiv Gandhi National Institute of Youth Development shall be a body corporate having perpetual succession and a common seal with power, subject to the provisions of this Act, to acquire, hold and dispose of property and to contract, and shall, by that name, sue and be sued. (2) The first Chairperson, the first Director and the first members of the Executive Council and the Academic Council, and all persons who may hereafter become such officers or members, so long as they continue to hold such office or membership, shall constitute the Institute. (3) The headquarters of the Institute shall be in the district of Kanchipuram, in the State of Tamil Nadu. (4) The Institute may establish and maintain centres at such other places in India as it may deem fit.
View Complete Act List Judgments citing this sectionRajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 13
Title: Terms of Office Of, Vacancies Among, and Allowances Payable to Members of Executive Council
State: Central
Year: 2012
(1) The term of office of every member of the Executive Council shall be for a period of three years from the date of his nomination: Provided that the term of office of an ex officio member shall continue so long as he holds the office by virtue of which he is a member. (2) The term of office of a member nominated to fill a casual vacancy shall be for the remainder of the term of the member in whose place he has been nominated. (3) Notwithstanding anything contained in this section, an out-going member shall, unless the Central Government otherwise directs, continue in office until another person is nominated as a member in his place or until the expiry of one year, whichever is earlier. (4) The members of the Executive Council, other than ex officio members, shall be paid such travelling and other allowances as may be provided by the Statutes.
View Complete Act List Judgments citing this sectionFinance Act, 2012, (Central) Section 19
Title: Insertion of New Section 54gb
State: Central
Year: 2012
.....to the due date of furnishing of return of income under sub-section (1) of section 139 by the assessee; (ii) it is engaged in the business of manufacture of an article or a thing; (iii) it is a company in which the assessee has more than fifty per cent. share capital or more than fifty per cent. voting rights after the subscription in shares by the assessee; and (iv) it is a company which qualifies to be a small or medium enterprise under the Micro, Small and Medium Enterprises Act, 2006(27 of 2006); (c) "net consideration" shall have the meaning assigned to it in the Explanation to section 54F; (d) "new asset" means new plant and machinery but does not include-- (i) any machinery or plant which, before its installation by the assessee, was used either within or outside India by any other person; (ii) any machinery or plant installed in any office premises or any residential accommodation, including accommodation in the nature of a guest-house; (iii) any office appliances including computers or computer software; (iv) any vehicle; or (v) any machinery or plant, the whole of the actual cost of which is allowed as a deduction (whether by way of depreciation or.....
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