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Start Free TrialAir Corporations Act, 1953 Complete Act
State: Central
Year: 1953
.....with either of the Corporations. SECTION 09: CORPORATIONS TO ACT ON BUSINESS PRINCIPLES - In carrying out any of duties vested in it by this Act, each of the Corporations shall act so far as may be on business principles. CHAPTER 03: FINANCE, ACCOUNTS AND AUDIT SECTION 10: CAPITAL OF THE CORPORATIONS - (1) All non-recurring expenditure incurred by the Central Government for, or in connection with, each of the Corporations up to the date of establishment of that Corporation and declared to be capital expenditure by that Government, shall be treated as capital provided by the Central Government to that Corporation. (2) The Central Government may provide any further capital that may be required by either of the Corporations for the carrying on of the business of the Corporation or for any purpose connected therewith on such terms and conditions as the Central Government may determine. (3) Each of the Corporations may, with the consent of the Central Government, or in accordance with the terms of any general authority given to it by the Central Government- (a) borrow money for all or any of the purposes of the Corporation, and (b) secure the payment of any money.....
List Judgments citing this sectionSalt Cess Act, 1953 Complete Act
State: Central
Year: 1953
.....notification of the former Finance Department (Revenue Division) No. 3, dated the 29th March, 1947, shall be deemed to have been levied under this Act as if this Act was in force on the day on which the charge was so imposed and accordingly,- (a) any sum paid or payable by way of such charge shall be deemed to have been paid or payable in accordance with law; and (b) no claim shall lie in any court for the refund of any sum so paid. , SECTION 06: POWER TO MAKE RULES (1) The Central Government may. by notification in the Official Gazette, make rules6for carrying out the purposes of this Act. (2) In particular and without prejudice to the generality of the foregoing power, such rules may provide for- (a) the assessment and collection of the cess levied under this Act: (b) the determination of the cost of collection of the cess; (c) the manner in which accounts relating to the proceeds of the cess shall be maintained; (d) the manner in which the proceeds of the cess may be applied on the object specified in section 4-: (e) the exemption from the whole or any part of the cess levied under this Act- (i) in respect of salt exported from India (ii) in respect of salt.....
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