Bare Act Search Results

Tamil Nadu Debt Relief Act, 1972 Complete Act

State: Tamil Nadu

Year: 1972

TAMIL NADU DEBT RELIEF ACT, 1972 TAMIL NADU DEBT RELIEF ACT, 1972 ACT NO. 38 OF 1972 CONTENTS CHAPTER 1 1. Short title. 2. Definitions 3. Certain debts and liabilities not to be affected. 4. Special Provision for undivided Hindu Families etc. 5. Heirs of non-debtor members of Hindu Families to be non-debtors. CHAPTER II 6. Debt payable by debtors to be scaled down. 7. Provisions for debts incurred before 1st March 1972. 8. Special provision in respect of mortgages. 10. Provision as to costs, etc., in certain cases. 11. Rate of interest payable by debtors on old loans. 12. Rate of interest payable by debtors on new loans. 13. Separation of share of debt in particular cases. CHAPTER III 14. Provision as to costs in certain cases 15. Amendment of certain decrees. 16. Stay of execution proceeding. 17. Adjudications in insolvency. 18. Special provisions in case of certain sales of movable property. 19. Sales of immovable property to be set aside in certain cases. 20. Consequential provision on setting aside of sale. 21. Power of Court to reject certain claims. 22. Alienations by debtor. 23......

Sick Textile Undertakings (Taking over of Management) Act, 1972 Section 14

Title: Debts Incurred for the Purposes of Textile Undertaking to Have Priority

State: Central

Year: 1972

Every debt arising out of any loan advanced to a sick textile undertaking by the Central Government or a State Government for carrying on the management of any sick textile undertaking specified in the First Schedule, (a) shall have priority over all other debts, whether secured or unsecured, incurred before the management of such textile undertaking was taken over under this Act; (b) shall be a preferential debt within the meaning of section 530 of the Companies Act, 1956, and such debts shall rank equally among themselves and be paid in full out of the assets of the sick textile undertaking unless such assets are insufficient to meet them, in which case they shall abate in equal proportions.

National Service Act, 1972 Section 30

Title: Priority of Debts

State: Central

Year: 1972

Notwithstanding anything contained in the Presidency Towns Insolvency Act, 1909, the Provincial Insolvency Act, 1920, the Companies Act, 1956, or the Partnership Act, 1932, any compensation payable under this Act shall have priority over all other unsecured debts.

Finance Act 1972 Schedule I

Title: First Schedule

State: Central

Year: 1972

.....or charging income-tax in certain cases, deducting income-tax from income chargeable under the head "salaries" or any payment referred to in Sub-section (9) of Section 80E and computing "advance tax" In cases in which income-tax has to be calculated under the first proviso to sub-section (5) of section 132 of the Income-tax Act or charged under sub-section (4) of section 172 or sub-section (2) of section 174 or section 175 or sub-section (2) of section 176 of the said Act or deducted under section 192 of the said Act from income chargeable under the head "Salaries" or deducted under sub-section (9) of section 80E of the said Act from any payment referred to in the said sub-section (9) or in which the "advance tax" payable under Chapter XVII-C of the said Act has to be computed, at the rate or rates in force, such income-tax or, as the case may be, "advance tax" (not being "advance tax" in respect of any income chargeable to tax under section 164 of the Income-tax Act at the rate of sixty-five per cent.) shall be so calculated, charged, deducted or computed at the following rate or rates :- Paragraph A In the case of every individual or Hindu undivided family or.....

Finance Act, 1972 Complete Act

State: Central

Year: 1972

.....AND NON-RECURRING RECEIPTS NOT TO BE INCLUDED IN THE TOTAL INCOME FOR THE ASSESSMENT YEAR 1972-73 - Notwithstanding the amendments made by this Act to the income-tax Act, in computing, in the case of any person, the total income of a previous year relevant to the assessment year commencing on the 1st day of April, 1972, any income falling within clause (3) ofsection 10 of the Income-tax Act-as it stood immediately before the 1st day of April, 1972, shall not be included. SECTION 60: APPLICABILITY OF REVISED RATE OF INTEREST -- For the removal of doubts, it is hereby declared that where interest is payable under " (a)section 139 of the Income-tax Act-or any other provision of that Act referred to insection 25-of this Act: or (b)section 31-orsection 34A of the Wealth-tax Act-: or (c)section 32-orsection 33A of the Gift-tax Act-; or (d)section 18 of the Companies (profits) sur-tax Act-, in respect of any period commencing on or before the 31st day of March, 1972, and ending after that date, such interest shall, in respect of so much of such period as falls after that date, be calculated at the rate of twelve per cent. per annum. SECTION 61: AMENDMENT OF ACT 32 OF 1934 --.....

Delhi Cooperative Societies Act, 1972 Complete Act

State: Delhi

Year: 1972

.....as member of a co-operative society except the following, namely : (a) an individual competent to contract under Section 11 of the Indian Contract Act, 1972 (b) any other co-operative society (c) the Central Government; and (d) such class or classes of persons or association of persons as may be notified by the Lieutenant-Governor in his behalf : Provided that the provisions of clause (a) shall not apply to an individual seeking admission to a society exclusively formed for the benefit of students of a school or college (2) Notwithstanding anything contained in sub-section (1), the Lieutenant- Governor may, having regard to the fact that the interest of any person or class of persons conflicts or is likely to conflict with the objects of any society or class of societies, by general or special order, published in the Delhi Gazette, declare that any person or class of persons engaged in or carrying on any profession, business or employment shall be disqualified from being admitted, or for continuing as members or shall be eligible for membership only to a limited extent of any specified society or class of societies, so long as such person is or such persons are.....

Limestone and Dolomite Mines Labour Welfare Fund Act, 1972 Complete Act

State: Central

Year: 1972

.....2 of the Mines Act, 1952-; (b) "factory" and "occupier" have the meanings respectively assigned to them in clauses (m) and (n) of section 2 of the Factories Act, 1948-;3[(bb) "Limestone" includes minerals like lime-shell, calcareous sand and sea sand essentially composed of lime shell, marl, kankar. or lime kankar;] (c) "manager" means the manager referred to in section 17 of the Mines Act, 1952-; (d) a person is said to be employed in a limestone or dolomite mine,- (1) if he is employed within the premises or in the vicinity of such mine by the owner, agent or manager of such mine or by a contractor or any other agency exclusively in any one or more of the following, namely:- (i) any limestone or dolomite mining operation; (ii) the operation, servicing, maintenance or repair of any machinery or any part thereof used in or about such mine; (iii) the loading, unloading or despatch of limestone or dolomite or any other material connected with the mining of limestone or dolomite; (iv) any work in any office, canteen or creche situate within the precincts of such mine; (v) any welfare, health, sanitary or conservancy services or any, watch and ward duties at any place situate within.....

The Pondicherry Cooperative Societies Act, 1972 Complete Act

State: Pondicherry

Year: 1972

.....22, the rules made in this behalf or the by-laws of the society,- (a) any individual competent to contract under section 11 of the Indian Contract Act, 1872; (Central Act 9 of 1872) ; (b) any registered society ; (c) the Government, shall be eligible for admission as a member of a registered society : Provided that this section shall not apply in the case of a society formed exclusively for the benefit of the students of any college or school. Provided further that a Hindu undivided family as such shall not be eligible for admission s a member of a registered society: Provided also that persons who are minors or of unsound mind may be admitted as members of such class of registered societies as may be prescribed and such members shall possess only such privileges and rights of members and be subject only to such liabilities of members as may be prescribed : Provided also that in a society formed for the promotion of the economic interests of its members, through a specified activity no person other than one who is likely to be benefitted directly by such activity may be admitted as a member of such society unless such admission is permitted specifically by the.....

West Bengal Housing Board Act, 1972 Complete Act

State: West Bengal

Year: 1972

.....property both movable and immovable, enter into contract and do all things necessary for the purposes of this Act. (3) For the purposes of this Act and the Land Acquisition Act the Board shall be deemed to be a local authority. Section 4 Application of West Bengal Act 12 of 1956 For the removal of doubts, it is hereby declared that the West Bengal Premises Tenancy Act,1956 (a) shall not apply to any land or building belonging to or vested in the Board; (b) shall not apply as against the Board to any tenancies or other like relationship created by the Board in respect of such land or building; (c) but shall apply to any land or building let out in favour of the Board. Section 5 Members of the Board and their resignation or removal (1)The Board shall consist of a Chairman who shall be the Minister-in-charge of the Housing Department of the State Government and a Vice-Chairman to be appointed by the State Government and the following other members, that is to say, (a)55. Clauses (1) and (ii) first subs. by W.B. Act 35 of 1973. Thereafter the present clauses (I) and (11) subs by W.B. Act 61 of 1978. Previous clauses (1) and (11) were as under: "(1) Commissioner......

Sick Textile Undertakings (Taking over of Management) Act, 1972 Chapter 4

Title: Miscellaneous

State: Central

Year: 1972

.....or any Custodian for any damage caused, or likely to be caused, by anything which is in good faith done or intended to be done under this Act. Section 13 - Delegation of powers (1) The Central Government may, by notification, direct that all or any of the powers exercisable by it under this Act may also be exercised by any person or persons as may be specified in the notification. (2) Whenever any delegation of power is made under sub-section (1), the person to whom such power has been delegated shall act under the direction, control and supervision of the Central Government. Section 14 - Debts incurred for the purposes of textile undertaking to have priority Every debt arising out of any loan advanced to a sick textile undertaking by the Central Government or a State Government for carrying on the management of any sick textile undertaking specified in the First Schedule, (a) shall have priority over all other debts, whether secured or unsecured, incurred before the management of such textile undertaking was taken over under this Act; (b) shall be a preferential debt within the meaning of section 530 of the Companies Act, 1956, and such debts shall.....