Bare Act Search Results

Finance Act, 1982 Complete Act

State: Central

Year: 1982

.....1982-83 Be it enacted by Parliament in the Thirty-third Year of the Republic of India as follows: SECTION 01: SHORT TITLE AND COMMENCEMENT (1) This Act may be called The Finance Act, 1982. (2)Sections 2-to29-,Sections 31-to42-andSections 55-to57-shall, save as otherwise provided in this Act, be deemed to have come into force on the 1st day of April, 1982, andSection 30-shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint. SECTION 02: INCOME-TAX (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 1982, income-tax shall be charged at the rates specified in Part I of the First Schedule and shall be increased, - (a) in the cases to which Paragraphs A, B, C and D of that Part apply, by a surcharge for purposes of the Union; and (b) in the cases to which Paragraph E of that Part applies, by a surcharge, calculated in each case in the manner provided therein: (2) In the cases to which sub-paragraph I or sub-paragraph II of Paragraph A of Pan I of the First Schedule applies, where the asscssee has, in the previous year, any net agricultural income exceeding.....

Chit Funds Act, 1982 Complete Act

State: Central

Year: 1982

..... (a) that the security offered by the foreman under section 20 is insufficient; (b) that the foreman had been convicted of any offence under this Act or under any other Act regulating chit business and sentenced to imprisonment for any such offence; (c) that the foreman had defaulted in the payment of fees or the filing of any statement or record required to be paid or filed under this Act or had violated any of the provisions of this Act or the rules made thereunder; (d) that the foreman had been convicted of any offence involving moral turpitude and sentenced to imprisonment for any such offence unless a period of five years has elapsed since his release: Provided further that before refusing to register a chit under the first proviso, the foreman shall be given a reasonable opportunity of being heard. (3) Every endorsement made under sub-section (2) shall be conclusive evidence that the chit is duly registered under this Act and the registration of a chit shall lapse if the declaration by the foreman under sub-section (1) of section 9-is not filed within three months from the date of such endorsement or within such further period or periods not exceeding three months in.....

Chit Funds Act, 1982 Schedule 1

Title: The Schedule

State: Central

Year: 1982

THESCHEDULE (Seesection 24) PARTI FORMOF BALANCE-SHEET 1. Capital Rs..... 1. Cash Rs..... Authorised Rs..... 2. Balance with banks Issued Rs..... (a) Current account Rs..... (b) Deposit account Rs..... Rs..... Paid up 3. Investments 2. Reserve Fund Rs..... (a) In chits Rs..... 3. Deposits Rs..... (b) In Government securities Rs..... 4. Borrowings Rs..... 4. Share amount due from prized subscribers 5. Foreman's liability in tickets prized Rs..... 6. Prize amount payable Rs..... (a) Secured Rs..... 7 Defaulted subscribers' (b) Unsecured Rs..... Rs..... .....

Finance Act, 1982 Chapter III

Title: Direct Taxes

State: Central

Year: 1982

.....and the rate at which the amount of deduction under sub-section (1) is to be calculated, the Central Government shall have regard to the following factors, namely :- (a) the cost of manufacture or production of such goods or merchandise and prices of similar goods or merchandise in the foreign markets; (b) the need to develop foreign markets for such goods or merchandise; (c) the need to earn foreign exchange; (d) any other relevant factor. (5) The deduction under sub-section (1) for any assessment year shall not exceed ten per cent. of the amount of income-tax otherwise payable by the assessee for that assessment year on the amount of profits and gains derived from the export of such goods or merchandise out of India. Explanation : For the purposes of this sub-section, the amount of income-tax otherwise payable by the assessee for an assessment year on the profits and gains derived from the export of such goods or merchandise out of India shall be - (a) in a case where the total income for that assessment year consists only of such profits and gains, the amount of income-tax chargeable (without any deduction under this section) on the total income; (b) in a case.....

Finance Act, 1982 Section 7

Title: Amendment of Section 23

State: Central

Year: 1982

In section 23 of the Income-tax Act, with effect from the 1st day of April, 1983, - (a) in sub-section (1), in the second proviso, - (i) in clause (c), for the words, figures and letters "completed after the 31st day of March, 1978", the words, figures and letters "completed after the 31st day of March, 1978, but before the 1st day of April, 1982" shall be substituted; (ii) for the words, brackets and letters "so, however, that the income in respect of any residential unit referred to in clause (a) or clause (b) or clause (c) is in no case a loss.", the following shall be substituted, namely :- "(d) in the case of a building comprising one or more residential units, the erection of which is completed after the 31st day of March, 1982, for a period of five years from the date of completion of the building, be reduced by a sum equal to the aggregate of - (i) in respect of any residential unit whose annual value as so determined does not exceed three thousand six hundred rupees, the amount of such annual value; (ii) in respect of any residential unit whose annual value as so determined exceeds three thousand six hundred rupees, an amount of three thousand six hundred.....

Chit Funds Act, 1982 Chapter II

Title: Registration of Chits, Commencement and Conduct of Chit Business

State: Central

Year: 1982

.....payment of fees or the filing of any statement or record required to be paid or filed under this Act or had violated any of the provisions of this Act or the rules made thereunder; or (c) had been convicted of any offence involving moral turpitude and sentenced to imprisonment for any such offence unless a period of five years has elapsed since his release: Provided that before refusing any such sanction, the foreman shall be given a reasonable opportunity of being heard. (4) The order of the State Government, and, subject to the provisions of sub­ section (5), the order of the officer empowered under sub-section (1), issuing or refusing previous sanction under this section shall be final. (5) Any person aggrieved by the refusal to issue previous sanction by any officer empowered under sub-section (1) may appeal to the State Government within thirty days of the date of communication to him of such refusal and the decision of that Government on such appeal shall be final. Section 5 - Prohibition of invitation for subscription except under certain conditions No person shall issue or cause to be issued any notice, circular, prospectus, proposal or other document.....

Chit Funds Act, 1982 Chapter XIII

Title: Miscellaneous

State: Central

Year: 1982

.....it consists of two Houses, or, where such Legislature consists of one House, before the House. Section 90 - Repeal and saving (1) The Andhra Pradesh Chit Funds Act, 1971 (Andhra Pradesh Act 9 of 1971), the Kerala Chitties Act, 1975 (Kerala Act 23 of 1975), the Maharashtra Chit Funds Act, 1974 (Maharashtra Act LV of 1974), the Tamil Nadu Chit Funds Act, 1961 (Tamil Nadu Act 24 of 1961), as in force in the State of Tamil Nadu and in the Union territories of Chandigarh and Delhi, the Uttar Pradesh Chit Funds Act, 1975 (Uttar Pradesh Act 53 of 1975), the Goa, Daman and Diu Chit Funds Act, 1973 (Goa, Daman and Diu Act 16 of 1973), and the Pondicherry Chit Funds Act, 1966 (Pondicherry Act 18 of 1966), are hereby repealed and the provisions of section 6 of the General Clauses Act, 1897 (10 of 1897), shall apply to such repeal as if each such Act so repealed were a Central Act. (2) Notwithstanding such repeal, the Acts mentioned in sub-section (1) shall continue to apply to chits in operation on the commencement of this Act, in the same manner as they applied to such chits before such commencement.

Chit Funds Act, 1982 Section 89

Title: Power to Make Rules

State: Central

Year: 1982

.....any of the following matters, namely:- (a) the form and manner in which an application for obtaining the previous sanction may be made under sub-section (2) of section 4; (b) the additional particulars that a chit agreement may contain under clause (q) of sub-section (1) of section 6; (c) the particulars that may be included in the minutes of the proceedings of a draw under section 17; (d) the method of valuation by the Registrar in a grain chit for the purpose of furnishing security under section 20; (e) the procedure that may be followed by the Registrar in releasing the security furnished by the foreman under section 20; (f) the registers and books and the form in which such registers and books may be maintained by the foreman under section 23; (g) the time within which the balance-sheet and the profit and loss account in respect of a chit business shall be filed under section 24; (h) the rate at which interest shall be payable on the defaulted instalments by a defaulted subscriber under section 28; (i) the particulars that may be included in an application for the winding up of chits under section 49; (j) the procedure to be followed for the winding up.....

Andhra Scientific Company Limited (Acquisition and Transfer of Undertakings) Act, 1982 Complete Act

State: Central

Year: 1982

.....and the order, if any, for the payment of the claim being treated as an order for the refund of revenue. CHAPTER 07: MISCELLANEOUS SECTION 25: ACT TO HAVE OVERRIDING EFFECT - The provisions of this Act shall have effect notwithstanding anything inconsistent therewith in any other law for the time being in force or in any instrument having effect by virtue of any law, other than this Act, or in any decree or order of any court, tribunal or other authority. SECTION 26: CONTRACTS TO CEASE TO HAVE EFFECT UNLESS RATIFIED BY CENTRAL GOVERNMENT OR GOVERNMENT COMPANY - Every contract entered into by the Company in relation to any of its undertakings, which has vested in the Central Government under section 3-, for any service, sale or supply, and in force immediately before the appointed day, shall, on and from the expiry of a period of thirty days from the date on which this Act receives the assent of the President, cease to have effect unless such contract is, before the expiry of that period, ratified in writing, by the Central Government or the Government company in which such undertaking has been vested under this Act and in ratifying such contract, the Central Government.....

The Bihar Buildings (Lease, Rent and Eviction) Control Act, 1982 Complete Act

State: Bihar

Year: 1982

.....of tenants (1) Notwithstanding anything contained in any contract or law to the contrary but subject to the provisions of the Industrial Disputes Act, 1947 (Act XIV of 1947), and to those of Section 18, where a tenant is in possession of any building, he shall not be liable to eviction therefrom except in execution of a decree passed by the Court on one or more of the following grounds,-- (a) for breach of the conditions of the tenancy, or for subletting the building or any portion thereof without the consent of the landlord, or if he is an employee of the landlord occupying the building as an employee, on his ceasing to be in such employment; (b) where the condition of the building has materially deteriorated owing to acts of waste by, or negligence or default of the tenant or of any person residing with the tenant or for whose behaviour the tenant is responsible; (c) where the building is reasonably and in good faith required by the landlord for his own occupation or for the occupation of any person for whose benefit the building is held by the landlord : Provided that where the Court thinks that the reasonable requirement of such occupation may be substantially.....