Bare Act Search Results

Central Universities Act 2009 Schedule II

Title: Second Schedule

State: Central

Year: 2009

.....meeting of the Council be held in the beginning of the academic session. 37. Ordinances. how to be made. (1) The first Ordinances made under sub-section (2) of section 28 may be amended, repealed or added to at any time by the Executive Council in the manner specified in the following sub-clauses. (2) No Ordinances in respect of the matters enumerated in sub-section (1) of section 28 of this Act shall be made by the Executive Council unless a draft of such Ordinances has been proposed by the Academic Council. (3) The Executive Council shall not have power to amend any draft of any Ordinances proposed by the Academic Council under clause (2), but may reject the proposal or return the draft to the Academic Council for re-consideration, either in whole or in part, together with any amendment which the Executive Council may suggest. (4) Where the Executive Council has rejected or returned the draft of an Ordinances proposed by the Academic Council, the Academic Council may consider the question afresh and in case the original draft is reaffirmed by a majority of not less than two-thirds of the members present and voting and more than half the total number of members of the.....

Finance (No. 2) Act 2009 Chapter III

Title: Direct Taxes

State: Central

Year: 2009

.....For the purposes of this sub-clause,-- (a) "specified security" means the securities as defined in clause (h) of section 2 of the Securities Contracts (Regulation) Act, 1956 (42 of 1956) and, where employees' stock option has been granted under any plan or scheme therefor, includes the securities offered under such plan or scheme; (b) "sweat equity shares" means equity shares issued by a company to its employees or directors at a discount or for consideration other than cash for providing know-how or making available rights in the nature of intellectual property rights or value additions, by whatever name called; (c) the value of any specified security or sweat equity shares shall be the fair market value of the specified security or sweat equity shares, as the case may be, on the date on which the option is exercised by the assessee as reduced by the amount actually paid by, or recovered from, the assessee in respect of such security or shares; (d) "fair market value" means the value determined in accordance with the method as may be prescribed; (e) "option" means a right but not an obligation granted to an employee to apply for the specified security or sweat equity.....

Finance (No. 2) Act 2009 Section 41

Title: Amendment of Section 92c

State: Central

Year: 2009

In section 92C of the Income-tax Act, in sub-section (2), for the proviso, the following provisos shall Be substituted with effect from the 1st day of October, 2009, namely:-- "Provided that where more than one price is determined by the most appropriate method, the arm's length price shall be taken to be the arithmetical mean of such prices: Provided further that if the variation between the arm's length price so determined and price at which the international transaction has actually been undertaken does not exceed five per cent. of the latter, the price at which the international transaction has actually been undertaken shall be deemed to be the arm's length price.".

Finance (No.2) Act, 2009 Complete Act

State: Central

Year: 2009

.....Parliament in the Sixtieth Year of the Republic of India as follows CHAPTER 1: Preliminary: Section 1: Short title and commencement: (1) This Act may be called the Finance (No. 2) Act, 2009. (2) Save as otherwise provided in this Act, sections 2 to 83 shall be deemed to have come into force on the 1st day of April, 2009. CHAPTER 2: RATES OF INCOME-TAX SECTION 2: Income-tax: (1) Subject to the provisions of sub-sections (2) and (3), for the assessment year commencing on the 1st day of April, 2009, income-tax shall be charged at the rates specified in Part I of the First Schedule and such tax shall be increased by a surcharge, for purposes of the Union, calculated in each case in the manner provided therein. (2) In the cases to which Paragraph A of Part I of the First Schedule applies, where the assessee has, in the previous year, any net agricultural income exceeding five thousand rupees, in addition to total income, and the total income exceeds one lakh fifty thousand rupees, then,- (a) the net agricultural income shall be taken into account, in the manner provided in clause (b) [that is to say, as if the net agricultural income were comprised in the total income.....

Ymca University of Science and Technology Faridabad Act, 2009 Complete Act

State: Haryana

Year: 2009

YMCA UNIVERSITY OF SCIENCE AND TECHNOLOGY FARIDABAD ACT, 2009 YMCA UNIVERSITY OF SCIENCE AND TECHNOLOGY FARIDABAD ACT, 2009 [Act No. 21 of 2009] PREAMBLE An Act To upgrade YMCA Institute of Engineering, Faridabad into a leading teacking-cum-affiliating University to facilitate and promote studies and research in emerging areas of higher education with focus on new frontiers of science, engineering, technology, management studies, non-conventional energy sources and environmental studies, and also to achieve excellence in these and connected fields. Be it enacted by the Legislature of the State of Haryana in its Sixtieth Year of the Republic of India as follows:-- Section 1 - Short title and commencement (1) This Act may be called YMCA University of Science and Technology Faridabad Act, 2009. (2) It shall come into force on such date as the Government may, by notification in the Official Gazette, appoint. Section 2 - Definitions In this Act and in all the Statutes, Ordinances and Regulations made thereunder, unless the context otherwise requires,-- (a) "All India Council for Technical Education" means All India Council for Technical Education.....