Bare Act Search Results

Companies Act, 1956 Section 213

Title: Financial Year of Holding Company and Subsidiary

State: Central

Year: 1956

.....an annual general meeting or the making of an annual return, shall not be required to be submitted, held or made, earlier than the-dates specified in the direction, notwithstanding anything to the contrary in this Act or in any other Act for the time being in force. (2) The Central Government shall, on the application of the Board of directors of a holding company or a holding company's subsidiary, exercise the powers conferred on that Government by sub-section (1) if it is necessary so to do, in order to secure that the end of the financial year of the subsidiary does not precede the end of the holding company's financial year by more than six months, where that is not the case at the commencement of this Act, or at the date on which the relationship of holding company and subsidiary comes into existence where that date is later than the commencement of this Act.

Companies Act, 1956 Section 508

Title: Duty of Liquidator to Call Meetings of Company and of Creditors at End of Each Year

State: Central

Year: 1956

( 1 ) In the event of the winding up continuing for more than one year, the liquidator shall- (a) call a general me eting of the company and a me eting of the creditors at the end of the first year from the commencement of the winding up and at the end of each succeeding year, or as soon thereafter as may be convenient within three months from the end of the year or such longer period as the Central Government may allow; and (b) lay before the meetings an account of hi s acts and dealings and of the conduct of the winding up during the preceding year, together with a statement in the prescribed form and containing the prescribed particulars with respect to the proceedings in, and position of, the winding up. ( 2) If the liquidator fails to comply with sub-section ( 1 ) he shall be punishable, in respect of each failure, with fine which may extend to1[one thousand rupees]. ____________________ 1. Substituted by Act 53 of 2000, Section 201, for "one hundred rupees" (w.e.f. 13-12-2000).

Companies Act, 1956 Section 496

Title: Duty of Liquidator to Call General Meeting at End of Each Year

State: Central

Year: 1956

(1) Subject to the provisions of section 498, in the event of the winding up continuing for more than one year, the liquidator shall- (a) call a general meeting of the company at the end of the first year from the commencement of the winding up, and at the end of each succeeding year, or as soon thereafter as may be convenient within three months from the end of the year or such longer period as the Central Government may allow; and (b) lay before the meeting an account of his acts and dealings and of the conduct of the winding up during the preceding year, together with a statement in the prescribed form and containing the prescribed particulars with respect to the proceedings in, and position of, the liquidation. (2) If the liquidator fails to comply with sub-section (1) he shall be punishable in respect of each failure, with fine which may extend to1[one thousand rupees], ____________________ 1. Substituted by Act 53 of 2000, Section 196, for "one hundred rupees" (w.e.f. 13-12-2000).

Companies Act, 1956 Section 317

Title: Managing Director Not to Be Appointed for More Thanfive Years at a Time

State: Central

Year: 1956

(1) No company shall after, the commencement of this Act, appoint or employ any individual as its managing director for a term exceeding five years at a time. (2) Any individual holding at the commencement of this Act the office of managing director is a company shall unless his term expires earlier, be deemed to have vacated his office immediately on the expiry of five years from the commencement of this Act. (3) Nothing contained in sub-section (1) shall be deemed to prohibit the re-appointment, re-employment, or the extension of the term of office, of any person by further periods not exceeding five years on each occasion: Provided that any such re-appointment, re-employment or extension shall not be sanctioned earlier than two years from the date on which it is to come into force. 1[(4) This section shall not apply to a private company unless it is a subsidiary of a public company.] _______________________ 1 . Inserted by Act 65 of 1960, Section 119 ( w.e.f. 28-12-1960).

Companies Act, 1956 Complete Act

State: Central

Year: 1956

.....as in the (Depositories Act, 1996) (22 of 1996); (12B) "derivative" has the same meaning as in clause (aa) of (S.2 of the Securities Contracts (Regulation) Act, 1956) (42 of 1956);] (13) "director" includes any person occupying the position of director, by whatever name called; (14) "District Court" means the principal Civil Court of original jurisdiction in a district, but does not include a High Court in the exercise of its ordinary original civil jurisdiction ; [(14A) "dividend" includes any interim dividend;] (15) "document" includes summons, notice, requisition, order, other legal process, and registers, whether issued, sent or kept in pursuance of this or any other Act or otherwise ; [(15A) "employees stock option" means the option given to the whole-time directors, officers or employees of a company, which gives such directors, officers or employees the benefit or right to purchase or subscribe at a future date, the securities offered by the company at a pre-determined price;] (16) "existing company" means an existing company as defined in (section 3); (17) "financial year" means, in relation to any body corporate, the period in respect of which.....

Life Insurance Corporation Act, 1956 Complete Act

State: Central

Year: 1956

.....done before the appointed day. SECTION 09: GENERAL EFFECT OF VESTING OF CONTROLLED BUSINESS (1) Unless otherwise expressly provided by or under this Act, all contracts, agreements and other instruments of whatever nature subsisting or having effect immediately before the appointed day and to which an insurer whose controlled business has been transferred to and vested in the Corporation is a party or which are in favour of such insurer shall in so far as they relate to the controlled business of the insurer be of as full force and effect against or in favour of the Corporation, as the case may be, and may be enforced or acted upon as fully and effectually as if instead of the insurer, the Corporation had been a party thereto or as if they had been entered into or issued in favour of the Corporation. (2) If on the appointed day any suit, appeal or other legal proceeding of whatever nature is pending by or against an insurer, then, in so far as it relates to his controlled business it shall not abate, be discontinued or be in any way prejudicially affected by reason of the transfer to the Corporation of the business of the insurer or of anything done under this Act, but the suit,.....

West Bengal Premises Tenancy Act, 1956 Complete Act

State: West Bengal

Year: 1956

....."local authority" shall include the Board called the Trustees for the improvement of Calcutta, referred to in section 3 of the Calcutta Improvement Act, 1911 (Ben Act V of 1911), as well as any body corporate or authority that may hereafter be constituted under any law for the time being in force for the improvement of any municipality, town or cantonment. Section 2 Definition In this Act, unless there is anything repugnant in the subject or context, [(a) "Calcutta" means the area described in Schedule I to the Calcutta Municipal Corporation Act, 1980 (West Ben Act LIX of 1980);] (b) "Controller" means a Controller appointed under sub-section (1) of section 26 and includes an Additional Controller and a Deputy Controller appointed under sub-section (2) of that section ; (c) "fair rent" in relation to any premises means the fair rent referred to in section 8 or where the fair rent has been increased under section 9 such increased rent or where the fair rent has been revised under section 11 such revised rent ; [(cc) "hotel or lodging house" means an establishment where lodging with or without board or other service is provided for B monetary consideration;] (d) "landlord".....

Howrah Improvement Act, 1956 Complete Act

State: West Bengal

Year: 1956

.....AND WHEREAS it is expedient that a Board of Trustees should be constituted and invested with special powers for carrying out the objects of this Act; It is hereby enacted as follows: CHAPTER 1 Preliminary Section 1 Short title, commencement and extent (1) This Act may be called the Howrah Improvement Act, 1956. (2) It shall come into force on such day as the State Government may, by notification, appoint. (3) It extends to the whole of Howrah. Section 2 Definitions In this Act, unless there is anything repugnant in the subject or context, (a) "betterment fee" means the fee prescribed by section 80 in respect of an increase in value of land resulting from the execution of an improvement scheme; (b) "the Board" means the Board of Trustees for the improvement of Howrah constituted under this Act; (c) "building" includes a house, out-house, stable, privy, urinal, shed, hut, wall (other than a boundary wall not exceeding ten feet in (d) "building line" means a line (in rear of the street alignment) up to which the main wall of a building abutting on a projected public street may lawfully extend; (e) "Chairman" means the Chairman of the Board; 22. Clause (ee) ins. by W......

The University Grants Commission Act, 1956 Complete Act

State: Uttarakhand

Year: 1956

.....17-6-1972). -------------------- (f) "University" means a University established or incorporated by or under a Central Act, a Provincial Act or a State Act, and includes any such institution as may, in consultation with the University concerned, be recoginsed by the Commission in accordance with the regulations made in this behalf under this Act. Application of Act to institutions for higher studies other than Universities 3. The Central Government may, on the advice of the Commission, declare by notification in the Official Gazette, that any institution for higher education, other than a University, shall be deemed to be a University for the purposes of this Act, and on such a declaration being made, all the provisions of this Act shall apply to such institution as if it were a University within the meaning of clause (f) of section 2. 4. (1) With effect from such date as the Central Government may, by notification in the Official Gazette, appoint, there shall be established a Commission by the name of the University Grants Commission. (2) The said Commission shall be a body corporate having perpetual succession and a common seal, and shall by the said name.....

The Orissa Town Planning & Improvement Trust Act, 1956 Complete Act

State: Orissa

Year: 1956

.....The Trust may enter into and perform all such contracts as it may consider necessary or expedient for carrying out any of the purposes of this Act. Section 21 - Execution of contracts and approval of Committee (1) Every contract shall be made on behalf of the Trust by, the Chairman: Provided that: (a) a contract involving an expenditure exceeding three thousand rupees but not exceeding one lakh rupees shall not be made by the Chairman without the previous sanction of the Trust; and (b) a contract involving an expenditure exceeding one lakh rupees shall not be made by the Chairman without the previous sanction of the trust and the State Government. (2) Every estimate for expenditure of any sum for carrying out any of the purposes of this Act shall be subject to the approval of the authority or authorities empowered under Sub-section (1) to make or as the case may be to sanction the making of a contract involving the expenditure of a like sum. (3) Sub-sections (1) and (2) shall apply to every variation or abandonment of a contract or estimate as well as to an original contract or estimate. Section 22 - Further provisions as to execution of contract (1) Every contract made by.....