Bare Act Search Results

The Assam Cooperative Societies Act, 1949 Complete Act

State: Assam

Year: 1949

.....and amend the law relating to Co-operative Societies in the Province of Assam. It is hereby enacted as follows: COMMENTS Preamble. This act has been enacted to facilitate the formation and working of Co-operative Societies and to consolidate and amend the law relating to the Co operative Societies in the State of Assam. There is a Central Act, viz., the Co-operative Societies Act, 1912, which amended the Co-operative Credit Societies Act, 1904. The Act of 1904 applies to Societies for the purpose of Co-operative Credit only and not to Co-operative Societies of other kinds. The Central Act has been repealed in its application to Assam and Nagaland by the present Assam Act 1 of 1950. The policy of the Co-operative Societies Act is to save the person concerned from protractive, expensive and sometimes ruinous litigation of the civil courts and its object is to encourage, help and bring co-operation among the persons having limited means. The object of the Co-operative Societies is also to create the quality of credit-worthiness among agriculturists, artisans and other persons with common economic needs so as to bring about a higher standard of living, better business,.....

Banking Regulation Act, 1949 Complete Act

State: Central

Year: 1949

.....on 19-9-1949. This Act now incorporates the provisions contained therein in the Banking Companies Act. 1949 as a pernabebt basis, in addition. this Act also amends the said Act for the following purposes :- (a) to incorporate special provisions for facilitating quick amalgamations between banking companies: (b) to empower the Reserve Bank to control opening of branches by Indian banks in foreign countries: (c) to provide a meaning of the terms "assets in India" for the purpose of section 25.-Gaz. of Ind.. 24-12-1949. Pt. V. p:501. Act 52 of 1953.- The Banking Companies Act. 1949 (X of 1949) was passed to ensure proper administration of the banking companies in India. The liquidation of banks, however, continued to be governed by the provisions of the Indian Companies Act, 1913. Experience of the liquidation of a large number of banks that failed during the post-war and post-partition period disclosed that the procedure for the liquidation of joint stock companies was totally inadequate for the liquidation of banking companies in a manner satisfactory to the depositors. A bank has a far larger number of debtors than a joint stock company of a comparable size, and the necessity to.....

Chartered Accountants Act, 1949 Chapter III

Title: Council of the Institute

State: Central

Year: 1949

..... (e) the recognition of foreign qualifications and training for the purposes of enrolment; (f) the granting or refusal of certificates of practice under this Act; (g) the maintenance and publication of a Register of persons qualified to practice as chartered accountants; (h) the levy and collection of fees from members, examinees and other persons; (i) subject to the orders of the appropriate authorities under the Act, the removal of names from the Register and the restoration to the Register of names which have been removed; (j) the regulation and maintenance of the status and standard of professional qualifications of members of the Institute; (k) the carrying out, by granting financial assistance to persons other than members of the Council or in any other manner, of research in accountancy; (l) the maintenance of a library and publication of books and periodicals relating to accountancy; (m) to enable functioning of the Director (Discipline), the Board of Discipline, the Disciplinary Committee and the Appellate Authority constituted under the provisions of this Act; (n) to enable functioning of the Quality Review Board; (o) consideration of the.....

Banking Regulation Act, 1949 Part 2

Title: Business of Banking Companies

State: Central

Year: 1949

.....of guarantee and indemnity business; (f) managing, selling andrealising any property which may come into the possession of the company insatisfaction or part satisfaction of any of its claims; (g) acquiring and holding andgenerally dealing with any property or any right, title or interest in any suchproperty which may form the security or part of the security for any loans or advancesor which may be connected with any such security; (h) undertaking and executingtrusts; (i) undertaking theadministration of estates as executor, trustee or otherwise; (j) establishing and supportingor aiding in the establishment and support of associations, institutions,funds, trusts and conveniences calculated to benefit employees or ex-employeesof the company or the dependents or connections of such persons; grantingpensions and allowances and making payments towards insurance; subscribing toor guaranteeing moneys for charitable or benevolent objects or for anyexhibition or for any public, general or useful object; (k) the acquisition,construction, maintenance and alteration of any building or works necessary orconvenient for the purposes of the company; (l) selling,.....

Chartered Accountants Act, 1949 Chapter II

Title: The Institute of Chartered Accountants of India

State: Central

Year: 1949

..... 1. Substituted for the words "acceding States" by A. L. O. 1950. 2. Substituted by the Chartered Accountants (Amendment) Act, 1955 (40 of 1955), Section 2 (21-10-1955). 3. Substituted by the Chartered Accountants (Amendment) Act, 2006, dated 22nd March, 2006. Prior to substitution, it read as under:- "(3) Every person belonging to any of the classes mentioned in clauses (ii), (iii), (iv), (v) and (vi) of sub-section (1) shall have his name entered in the Register on application being made and granted in the prescribed manner and on payment of the prescribed fee, which shall not exceed rupees three hundred in any case." Section 5 - Fellows and associates (1) The members of the Institute shall be divided into two classes designated respectively as associates and fellows. (2) Any person shall, on his name being entered in the Register, be deemed to have become an associate member of the Institute and be entitled to use the letters A. C. A. after his name to indicate that he is an associate member of the Institute of Chartered Accountants. 2[(3) A member, being an associate who has been in continuous practice in India for at.....

Bombay Provincial Municipal Corporation Act, 1949 Complete Act

State: Maharashtra

Year: 1949

.....Corporation is inserted. (iv) any joint stock company or any society, registered or deemed to be registered under the Bombay Co-operative Societies Act, 19251[which shall contract with or be employed by the Commissioner or the Transport Manager on behalf of the Corporation ; (v) the occasional sale to the Commissioner or Transport manager on behalf of the Corporation of any article in which he regularly trades to a value not exceeding in the aggregate in any one official year two thousand rupees; or (vi) the occasional letting out on hire to the Corporation or in the hiring from the Corporation of any article for an amount not exceeding in the aggregate in any one official year five hundred rupees ; (c) occupying as a tenant for the purpose of residence any premises belonging to the Corporation ; or (d) receiving conveyance charges as a member of the Transport Committee. SECTION 11: DISABILITIES FROM CONTINUING AS COUNCILLOR A Councillor shall cease to hold office as such if at any time during his term of office he, (a) becomes disqualified for being a Councillor by reason of the provisions of section 10 ; (b) absents himself during three successive months from the meetings of.....

Constitution of India Complete Act

State: Central

Year: 1949

.....of this Constitution if- (a) he or either of his parents or any of his grand- parents was born in India as defined in (Government of India Act, 1935) (as originally enacted); and (b) (i) in the case where such person has so migrated before the nineteenth day of July, 1948. he has been ordinarily resident in the territory of India since the date of his migration, or (ii) in the case where such person has so migrated on or after the nineteenth day of July, 1948, he has been registered as a citizen of India by an officer appointed in that behalf by the Government of the Dominion of India on an application made by him therefor to such officer before the commencement of this Constitution in the form and manner prescribed by that Government : Provided that no person shall be so registered unless he has been resident in the territory of India for at least six months immediately preceding the date of his application. ARTICLE 7: Rights of citizenship of certain migrants to Pakistan: Notwithstanding anything in (Art.5) and (Art.6), a person who has after the first day of March, 1947, migrated from the territory of India to the territory now included in Pakistan shall not be.....

Chartered Accountants Act, 1949 Chapter IV

Title: Register of Menber

State: Central

Year: 1949

.....which shall not in any case exceed rupees ten thousand.] ________________________ 1. Substituted by the Chartered Accountants (Amendment) Act (15 of 1959) Section 17 (1-7-1959). 2. Inserted, by the Chartered Accountants (Amendment) Act (15 of 1959) Section 17 (1-7-1959). 3. Inserted by the Chartered Accountants (Amendment) Act, 2006, dated 22nd March, 2006. 4. Substituted by the Chartered Accountants (Amendment) Act, 2006, dated 22nd March, 2006. Prior to substitution, it read as under:- "(4) Every member of the Institute shall, on his name being entered in the Register, pay such annual membership fee2(differing in amount according as he is an associate or a fellow of the Institute, as may be prescribed." Section 20 - Removal from the Register 1[20. Removal from the Register (1) The Council may remove from the Register the name of any member of the Institute (a) who is dead; or (b) from whom a request has been received to that effect, or (c) Who has not paid any prescribed fee required to be paid by him; or (d) Who is found to have been subject at the time when his name was entered in the Register,.....

Chartered Accountants Act, 1949 Chapter VIII

Title: Miscellaneous

State: Central

Year: 1949

.....of references.-- Any reference to a chartered accountant or a registered accountant or a certified or qualified auditor in any other law or in any document whatsoever shall be construed as a reference to a chartered accountant in practice within the meaning of this Act.] ________________________ 1. Substituted by the Chartered Accountants (Amendment) Act (15 of 1959) Section 25 (1-7-1959). Section 32 - Act not to affect right of accountants to practise as such in Part B States Nothing contained in this Act shall affect the right of any person who, at the commencement of this Act, is entitled to engage himself in the practice of accountancy in any1[Part B State] under any law in force in that State, to continue to engage himself in the practice of accountancy in that State after the commencement of this Act. ________________________ 1. Substituted for the words "Acceding State." by A.L.O., 1950. Section 33 - Amendment of Section 144, Indian Companies Act, 1913 [Repealed by the Repealing and Amending Act, 1952 (48 of 1952), S. 2 and Sch. I [2-8-1952].]

Banking Regulation Act, 1949 Section 24

Title: Maintenance of a Percentage of Assets

State: Central

Year: 1949

.....26, for certain words and figures w.e.f. 29-3-1985. 8. Substituted by Act 1 of 1984, Section 26, for clause (b) w.e.f.29-9-1985. 9. Inserted by Act 1 of 1984 Section 26 w.e.f. 29-3-1985. 10. Inserted by Act 21 of 1976, Section 33 w.e.f. 26-9-1975. 11. Certain words omitted by Act I of 1984, Section 26 w.e.f. 29-3-1985. 12. Substituted by Act 1 of 1984, Section 26, for sub-section(3) w.e.f. 29-3-1985. 13. Omitted by the Banking Regulation (Amendment) Act, 2007, w.e.f. 23rd January, 2007. Prior to omission the text read as under: "(1) After the expiry of two years from the commencement of this Act, every banking company shall maintain 1[in India] in cash, gold or unencumbered approved securities, valued at a price not exceeding the current market price, an amount which shall not at the close of business on any day be less than 20 percent of the total of its 2[demand and time liabilities] 3[in India]. 4[Explanation.--For the purposes of this section, "unencumbered approved securities" of a banking company shall include its approved securities lodged with another institution for an advance or any other credit arrangement to the extent to which such securities have.....