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Home Bare Acts Phrase: mortgage modificationLife Insurance Corporation (Modification of Settlements) Act, 1976 Preamble 1
Title: Life Insurance Corporation (Modification of Settlements) Act, 1976
State: Central
Year: 1976
LIFE INSURANCE CORPORATION (MODIFICATION OF SETTLEMENTS) ACT, 1976 [Act, No. 72 of 1976] [29th May, 1976] PREAMBLE An Act to provide for the modification of the settlements arrived at between the Life Insurance Corporation of India and their workmen. BE it enacted by Parliament in the Twenty-seventh Year of the Republic of India as follows:--
View Complete Act List Judgments citing this sectionLife Insurance Corporation (Modification of Settlements) Act, 1976 Complete Act
Title: Life Insurance Corporation (Modification of Settlements) Act, 1976
State: Central
Year: 1976
Preamble1 - LIFE INSURANCE CORPORATION (MODIFICATION OF SETTLEMENTS) ACT, 1976 Section1 - Short title Section2 - Definitions Section3 - Modification of settlements
List Judgments citing this sectionThe Orissa Cooperative Land Mortgage Bank Act, 1938 Complete Act
State: Orissa
Year: 1938
.....be served under this Act. Officers of banks and sale officers not to bid at sales. 37. At any sale of movable or immovable property held under this Act in order to recover any money due to the Provincial Mortgage Bank, no Director, Secretary or other officer of such bank or its branch bank (except on behalf of the bank of which he is a Director or Secretary or an officer) and no sale officer or other person having any duty to perform in connection with such sale, shall either directly or indirectly, bid for or acquire or attempt to acquire any interest in such property. Delegation of Powers by managing committee. 38. The managing committee may, if it thinks fit, delegate all or any of its powers under this Act to an executive committee constituted by it consisting of two or more of its members of whom one shall be the Registrar or his nominee, not below the rank of Assistant Registrar. Managing Committee's power of making regulations. Bihar and Orissa Act VI of 1935. Madras Act VI of 1932. 39. Notwithstanding anything contained in the Bihar and Orissa Cooperative Societies Act, 1935, or the Madras Co-operative Societies Act, 1932, of the rules made thereunder, the managing.....
List Judgments citing this sectionBanking Regulation Act, 1949 Section 56
Title: Act to Apply to Co-operative Societies Subject to Modifications
State: Central
Year: 1949
.....LESS DEPRECIATION _____________ 12. OTHER ASSETS (to be specified) 13. NON-BANKING ASSETS ACQUIRED IN SATISFACTION OF CLAIMS (standing mode of valuation) _____________ 14. PROFIT AND LOSS 6. BILL FOR COLLECTION BEING BILLS RECEIVABLE As per contra ____________ 7. BRANCH ADJUSTMENTS ____________ 8. OVERDUE INTEREST RESERVE ____________ 9. INTEREST PAYABLE ____________ 10. OTHER LIABILITIES (i) Bills payable (ii) Unclaimed dividends (iii) Suspense (iv) Sundries 11. PROFIT AND LOSS Profit as per last balance-sheet Less appropriations Add profit for the year brought from the Profit and Loss Account ____________ Total ____________ ___________ Total ___________ CONTINGENT LIABILITIES (i) Outstanding liabilities for guarantees issued (ii) Others ___________ Total ___________ ____________ Total ____________ Rs. P. Rs. P. Rs. P. Rs. P. 1......
View Complete Act List Judgments citing this sectionInland Vessels Act, 1917 Section 19QA
Title: Mortgage of Mechanically Propelled Vessel or Share
State: Central
Year: 1917
1 [19QA. Mortgage Of Mechanically Propelled Vessel Or Share The provisions of sections 47, 48, 49, 50, 51, 52 and 53 of the Merchant Shipping Act, 1958, shall mutatis mutandis apply, in relation to the mortgage of a mechanically propelled vessel as they apply in relation to ships, subject to the following modifications, namely:-- (a) in sections 47, 48, 49, 50, 51, 52 and 53, references to "ship", "registrar" and "register book," wherever they occur, shall, respectively, be construed as references to "mechanically propelled vessel," "registering authority" and "book of registration"; (b) in section 47, in sub-section (1), for the words "the registrar of the ship's port of registry shall record it in the register book," the words "the registering authority shall record it in the book of registration" shall be substituted.] ________________________ 1. Inserted by Amendment Act, 1977 (35 of 1977), Section 13 (w.e.f. 1-5-1978).
View Complete Act List Judgments citing this sectionTransfer of Property Act, 1882 Chapter IV
Title: Of Mortgages of Immovable Property and Charges
State: Central
Year: 1882
.....of the receiverwas valid or not. (6) The receiver shall be entitledto retain out of any money received by him, for his remuneration, and insatisfaction of all costs, charges and expenses incurred by him as receiver, acommission at such rate not exceeding five per cent, on the gross amount of allmoney received as is specified in his appointment, and, if no rate is sospecified, then at the rate of five per cent. on that gross amount, or at suchother rate as the Court thinks fit to allow, on application made by him for thatpurpose. (7) The receiver shall, if sodirected in writing by the mortgagee, insure to the extent, if any, to which themortgagee might have insured, and keep insured against loss or damage by fire,out of the money received by him, the mortgaged property or any part thereofbeing of an insurable nature. (8) Subject to the provisions ofthis Act as to the application of insurance money, the receiver shall apply allmoney received by him as follows, namely. - (i) in discharge of all rents,taxes, land revenue., rates and outgoings whatever affecting the mortgagedproperty; (ii) in keeping down all annualsums or other payments, and the interest on all principal.....
View Complete Act List Judgments citing this sectionCode of Civil Procedure, 1908 Rule 1 to 15
Title: Suits Relating to Mortgages of Immovable Property
State: Central
Year: 1908
..... 14. Suit for sale necessary for bringing mortgaged property to sale (1) Where a mortgagee has obtained a decree for the payment of money in satisfaction of a claim arising under the mortgage, he shall not be entitled to bring the mortgaged property to sale otherwise than by instituting a suit for sale in enforcement of the mortgage, and he may institute such suit notwithstanding anything contained in Order II, rule 2. (2) Nothing in sub-rule (1) shall apply to any territories to which the Transfer of Property Act, 1882 (4 of 1882), has not been extended. 17[15. Mortgages by the deposit of title-deeds and charges 18[(1)] All the provisions contained in this Order which apply to a simple mortgage shall, so far as may be, apply to a mortgage by deposit of title-deeds within the meaning of section 58, and to a charge within the meaning of section 100 of the Transfer of Property Act, 1882 (4 of 1882).] 12a[(2) Where a decree orders payment of money and charges it on immovable property on default of payment, the amount may be realised by sale of that property in execution of that decree.] ______________________ 1. Substituted by Act 21 of 1929, section 4, for rule 2......
View Complete Act List Judgments citing this sectionTransfer of Property Act, 1882 Section 58
Title: Mortgage, Mortgagor, Mortgagee, Mortgage-money and Mortgage-deed Defined
State: Central
Year: 1882
.....by conditional sale, an usufructuary mortgage, an English mortgage or a mortgage by deposit of title-deeds within the meaning of this section is called an anomalous mortgage.] ________________________ 1. Inserted by Act 20 of 1929, Section 19. 2. Substituted by Act 20 Section 19, for "and to appropriate them". 3. Substituted by Act 20 1929 Section 19, for "and". 4. Added by Act 20 of 1929, Section 19. 5. Substituted by the A.O. 1948, for "Bombay and Karachi". The word "and" had been Inserted by the A.O. 1937. 6. The words " Rangoon, Moulmein, Bassein and Akyab" omitted by the A.O. 1937. 7. For notifications relating to the towns of-Ahmedabad, see Gazette of India, 1935, Pt. I, p. 936, Bandra, Kurla and Ghatkoper Kirol, see Gazette of India, 1924, Pt. I, p.1064,Cawnpore, Allahabad and Lucknow, see Gazette of India, 1938, Pt. I, p.158. Coimbatore, Madura, Cocanada and Cochin, see Gazette of India, 1935, Pt. I, p. 526. 8. The words "Governor General in Council." successively amended by the A.O. 1937 and the A.O. 1950 to read as above.
View Complete Act List Judgments citing this sectionKarnataka Court-fees and Suits Valuation Act, 1958 Section 32
Title: Suits Relating to Mortgages
State: Karnataka
Year: 1958
.....mortgage or charge is impleaded in a suit by a co-mortgagee to which sub-section (4) applies, or in a suit by a sub-mortgagee to which sub-section (5) applies, the provisions of sub-section (2) and (3) shall apply mutatis mutandis to a written statement or an application filed by such holder or mortgage or charge. (7) Where the original mortgagee who is impleaded in a suit to which the provisions of sub-section (5) (b) apply claims on the mortgage sub-mortgaged by him a larger amount than is claimed in the plaint, the provisions of sub-section (4) shall apply mutatis mutandis to the written statement of such mortgagor. (8) In a suit against a mortgagee for redemption of a mortgage, fee shall be computed on the amount due to the mortgagee as stated in the plaint or on one-fourth of the principal amount secured under the mortgage, whichever is higher. Provided that, where the amount due on the mortgage is found to be more than the amount on which fee has been paid by the plaintiff, no decree shall be passed until the deficit fee is paid: Provided further that, in the case of a usufructuary or anomalous mortgage, if the plaintiff prays for redemption as well as for.....
View Complete Act List Judgments citing this sectionThe Punjab Restitution of Mortgaged Lands Act, 1938 Complete Act
State: Punjab
Year: 1938
.....RESTITUTION OF MORTGAGED LANDS ACT, 1938 Amended by Punjab Act I of 1943 Amended by the Indian Independence (Adaptation of Bengal and Punjab Acts) order, 1948 (G.G.O.40) Amended by Adaptation of Laws Order, 1950 Extended to Pepsu Territory Amended by Punjab Act 18 of 1958 An Act to provide for the restitution of lands on which a mortgage subsists, which was effected prior to 8th June, 1901. WHEREAS it is expedient to provide for the restitution of certain mortgaged lands in the manner hereinafter appearing, it is enacted as follows:- Short title, extent and commencement : 1. (1) This Act shall be called the Punjab Restitution of Mortgaged Lands Act, 1938. (2) It shall apply to Punjab. (3) It shall come into force on such date as the [State] Government may by notification direct. Application of the Act to subsisting mortgage effected prior to 8th June, 1901. 2. Notwithstanding anything contained in any enactment for the time being in force, this Act shall apply to any subsisting mortgages of land, which were effected prior to 8th June, 1901. [in the territories which immediately before the 1st November, 1956, were comprised in the State of Punjab,.....
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