Bare Act Search Results

Finance Act, 1997 Complete Act

State: Central

Year: 1997

.....actually paid and the subsequent previous year or years during which the licence, for which the fee is paid, shall be in force; (ii) 'appropriate fraction' means the fraction the numerator of which is one and the denominator of which is the total number of the relevant previous years; (iii) 'payment has actually been made' means the actual payment of expenditure irrespective of the previous year in which the liability for the expenditure was incurred according to the method of accounting regularly employed by the assessee. (2) Where the licence is transferred and the proceeds of the transfer (so far as they consist of capital sums) are less than the expenditure incurred remaining unallowed, a deduction equal to such expenditure remaining unallowed, as reduced by the proceeds of the transfer, shall be allowed in respect of the previous year in which the licence is transferred. (3) Where the whole or any part of the licence is transferred and the proceeds of the transfer (so far as they consist of capital sums) exceed the amount of the expenditure incurred remaining unallowed, so much of the excess as does not exceed the difference between the expenditure incurred to obtain the.....

Karnataka Souharda Sahakari Act, 1997 Chapter I

Title: Preliminary

State: Karnataka

Year: 1997

.....share capital of a Co-operative before its registration and includes a person admitted to membership after such registration in accordance with the Act, rules and the bye-laws1[and includes a nominal and an associate member]; "(rr) "National Bank"- means the National Bank for Agriculture and Rural Development constituted under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (Central Act 61 of 1981);" (s) "Officer Bearer" means the President or Chairperson, Vice President or Vice Chairperson, Administrator, Liquidator and includes a member of the board or any other person not being an employee empowered to exercise the powers of an office bearer in accordance with the bye-laws; (t) "Primary Co-operative" means a Co-operative whose membership is not open to another Co-operative; (u) "Registrar" means an Officer of the Government appointed under section 3 to perform the functions of the Registrar of Co-operatives and includes Additional Registrars of Co-operatives, Joint Registrars of Co-operatives, Deputy Registrars of Co-operatives and Assistant Registrars of Co-operatives appointed to assist the Registrar while exercising all or any of the.....

Finance Act 1997 Chapter VI

Title: Service Tax

State: Central

Year: 1997

.....documents, goods or articles; (13) "custom house agent" means a person licensed, temporarily or otherwise, under the regulations made under sub-section (2) of section 146 of the Customs Act, 1962 (52 of 1962); (14) "general insurance business" has the meaning assigned to it in clause (g) of section 3 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972); (15) "goods" has the meaning assigned to it in clause (7) of section 2 of the Sale of Goods Act, 1930 (3 of 1930); (16) "goods carriage" has the meaning assigned to it in clause (14) of section 2 of the Motor Vehicles Act, 1988 (59 of 1988); (17) "goods transport operator" means any commercial concern engaged in the transportation of goods but does not include a courier agency; (18) "insurer" means any person carrying on the general insurance business in India; (19) "mandap" means any immovable property as defined in section 3 of the Transfer of Property Act, 1882 (4 of 1882), and includes any furniture, fixtures, light fittings and floor coverings therein let out for consideration for organising any official, social or business function; (20) "mandap keeper" means a person who allows.....

Finance Act 1997 Section 88

Title: Amendment of Act 32 of 1994

State: Central

Year: 1997

.....documents, goods or articles; (13) "custom house agent" means a person licensed, temporarily or otherwise, under the regulations made under sub-section (2) of section 146 of the Customs Act, 1962 (52 of 1962); (14) "general insurance business" has the meaning assigned to it in clause (g) of section 3 of the General Insurance Business (Nationalisation) Act, 1972 (57 of 1972); (15) "goods" has the meaning assigned to it in clause (7) of section 2 of the Sale of Goods Act, 1930 (3 of 1930); (16) "goods carriage" has the meaning assigned to it in clause (14) of section 2 of the Motor Vehicles Act, 1988 (59 of 1988); (17) "goods transport operator" means any commercial concern engaged in the transportation of goods but does not include a courier agency; (18) "insurer" means any person carrying on the general insurance business in India; (19) "mandap" means any immovable property as defined in section 3 of the Transfer of Property Act, 1882 (4 of 1882), and includes any furniture, fixtures, light fittings and floor coverings therein let out for consideration for organising any official, social or business function; (20) "mandap keeper" means a person who allows.....

Karnataka Souharda Sahakari Act, 1997 Chapter II

Title: Registration

State: Karnataka

Year: 1997

.....of funds, maintenance of reserve fund, appropriation of profit. grant of loan, fixation of interest rate on deposits and advances, and such other activities as mentioned in section 6 of the Banking Regulation Act, 1949 as applicable toco-operative societies shall be subject to the provisions of the said Act, the rules, regulations or directions made or issued thereunder from time to time by the Reserve Bank or the National Bank.] ______________________________________ 1. Omitted by Act 21 of 2004 w.e.f. 31.3.2004. Section 10 - Bye--laws (1) Subject to the provisions of this Act or rules, everyCo-operative shall function in accordance with its bye-laws which as far as possible shall adhere to theCo-operative principles. (2) Thebye-laws of every Co-operative shall provide for the following matters, namely:- (i) the name, address and area of operation of theCo-operative; (ii) the objects of theCo-operative; (iii) conditions of eligibility, disqualifications for, and procedure for admission, withdrawal, removal or cessation of membership including that of the directors and office bearers; 1 ["(iiia) the rights, privileges, duties and liabilities of membership.....

Karnataka Souharda Sahakari Act, 1997 Section 2

Title: Definitions

State: Karnataka

Year: 1997

.....share capital of a Co-operative before its registration and includes a person admitted to membership after such registration in accordance with the Act, rules and the bye-laws1[and includes a nominal and an associate member]; "(rr) "National Bank"- means the National Bank for Agriculture and Rural Development constituted under section 3 of the National Bank for Agriculture and Rural Development Act, 1981 (Central Act 61 of 1981);" (s) "Officer Bearer" means the President or Chairperson, Vice President or Vice Chairperson, Administrator, Liquidator and includes a member of the board or any other person not being an employee empowered to exercise the powers of an office bearer in accordance with the bye-laws; (t) "Primary Co-operative" means a Co-operative whose membership is not open to another Co-operative; (u) "Registrar" means an Officer of the Government appointed under section 3 to perform the functions of the Registrar of Co-operatives and includes Additional Registrars of Co-operatives, Joint Registrars of Co-operatives, Deputy Registrars of Co-operatives and Assistant Registrars of Co-operatives appointed to assist the Registrar while exercising all or any of the.....

Karnataka Souharda Sahakari Act, 1997 Chapter IV

Title: Management of Co--operative

State: Karnataka

Year: 1997

..... (a) unless he needs the services of the Co--operative and accepts the responsibility of membership and is competent to contract under the Contract Act, 1872 (Central Act IX of 1872); (b) if he conducts any business, such business being in conflict or competition with the business of the Co--operative as specified in the bye--laws; and (c) unless he fulfills such other conditions as may be specified in the bye--laws of the Co--operative: Provided that after the registration of a Co--operative, the members shall be admitted only by the elected board. (2) No person shall be eligible to continue as a member if such person,-- (a) has not used the services of the Co--operative for two consecutive years to the minimum level specified in the bye--laws; or (b) has not attended three consecutive general meetings of the Co--operative and such absence has not received the consent of the general body; or (c) is in default regarding any payment to be made to the Co--operative exceeding an amount and for a period specified in the bye--laws. (3) If a question arises as to the eligibility or otherwise of a person to become a member or to continue as a member, the board shall.....

Karnataka Souharda Sahakari Act, 1997 Section 24

Title: Board

State: Karnataka

Year: 1997

(1) Every Co--operative shall have a board consisting of such number of directors as may be specified in the bye--laws. In case of primary Co--operatives, such number shall not be less than nine and more than fifteen excluding the Chief Executive. (2) The term of office of the directors shall be five years from the date of assuming office and the election shall be held for the entire board. Explanation.--Where the election to the board has been held in the middle of the year, the remaining part of the year shall be deemed to be a full year.

Karnataka Souharda Sahakari Act, 1997 Chapter X

Title: Co--operative Principles

State: Karnataka

Year: 1997

.....the Co--operative possibly by setting up reserves part of which atleast would be indivisible, benefitting members in proportion to their transactions with the Co--operative, and supporting other activities approved by the membership. (4) Co--operatives are autonomous, self--help organisations controlled by their members. If they enter into agreements with other organisations including Government or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their Co--operative autonomy. (5) Co--operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their Co--operatives. They inform the general public particularly young people and leaders about the nature and benefits of co--operation. (6) Co--operatives serve their members most effectively and strengthen the Co--operative movement by working together through local, regional, national and international structures. (7) While focusing on member needs, Co--operatives work for the sustainable development of their communities through policies accepted by.....

Karnataka Souharda Sahakari Act, 1997 Section 67

Title: Co--operative Principles

State: Karnataka

Year: 1997

.....the Co--operative possibly by setting up reserves part of which atleast would be indivisible, benefitting members in proportion to their transactions with the Co--operative, and supporting other activities approved by the membership. (4) Co--operatives are autonomous, self--help organisations controlled by their members. If they enter into agreements with other organisations including Government or raise capital from external sources, they do so on terms that ensure democratic control by their members and maintain their Co--operative autonomy. (5) Co--operatives provide education and training for their members, elected representatives, managers, and employees so they can contribute effectively to the development of their Co--operatives. They inform the general public particularly young people and leaders about the nature and benefits of co--operation. (6) Co--operatives serve their members most effectively and strengthen the Co--operative movement by working together through local, regional, national and international structures. (7) While focusing on member needs, Co--operatives work for the sustainable development of their communities through policies accepted by.....