Bare Act Search Results

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Chapter II

Title: Regulation of Securitisation and Reconstruction of Financial Assets of Banks and Financial Institutions

State: Central

Year: 2002

.....2004 2. Substituted for "such order of rejection or cancellation" by The Enforcement of Security Interest and Recovery of Debts Laws (Amendment) Act, 2004 Section 5 - Acquisition of rights or interest in financial assets (1) Notwithstanding anything contained in any agreement or any other law for the time being in force, any securitisation company or reconstruction company may acquire financial assets of any bank or financial institution-- (a) by issuing a debenture or bond or any other security in the nature of debenture, for consideration agreed upon between such company and the bank or financial institution, incorporating therein such terms and conditions as may be agreed upon between them; or (b) . by entering into an agreement with such bank or financial institution for the transfer of such financial assets to such company on such terms and conditions as may be agreed upon between them. (2) If the bank or financial institution is a lender in relation to any financial assets acquired under sub-section (1) by the securitisation company or the reconstruction company, such securitisation company or reconstruction company shall, on such acquisition, be deemed to be.....

Companies (Second Amendment) Act, 2002 Section 89

Title: Amendment of Section 513

State: Central

Year: 2002

In section 513 of the principal Act, after sub-section (3), the following proviso shall be inserted, namely;-- "Provided that, notwithstanding anything contained in any other law for the time being in force, a body corporate consisting of such professionals as may be approved by the Central Government from time to time, shall be qualified for appointment as Official Liquidator under section 448".

The Punjab Advocates Welfare Fund Act, 2002 Complete Act

State: Punjab

Year: 2002

THE PUNJAB ADVOCATES WELFARE FUND ACT, 2002 THE PUNJAB ADVOCATES WELFARE FUND ACT, 2002 [ Act No. 4 of 2002] [ 15th January, 2002] PREAMBLE An Act to provide for the constitution of a Fund and utilisation thereof for promotion of welfare of the Advocates belonging to the State of Punjab and for the matters connected therewith or incidental thereto. Be it enacted by the Legislature of the State of Punjab in the Fifty-second Year of the Republic of India as follows :- Section 1 - Short title and commencement (1) This Act may be called the Punjab Advocates Welfare Fund Act, 2002. (2) It shall come into force at once. Section 2 - Definitions In this Act, unless the context otherwise requires, - (a) "Advocate" means a person whose name has been entered in the roll of Advocates prepared and maintained by the Bar Council of Punjab and Haryana under section 17 of the Advocates Act, 1961 and who is practicing as an Advocate and is a member of Bar Association; (b) "Bar Association" means an association of Advocates, recognised by the Bar Council under section 14; (c) "Bar Council" means the Bar Council for the States of Punjab Haryana and Union.....

Maharashtra State Council for Occupational Therapy and Physiotherapy Act, 2002 Complete Act

State: Maharashtra

Year: 2002

.....(b) or (c) of sub-section (3), the electors fail to elect the requisite number of members, the State Government shall nominate such registered practitioner or practitioners as it deems fit, to fill up the vacancy or vacancies; and the practitioners so nominated shall be deemed to have been duly elected under this section. (8) Where any dispute arises regarding any election of a member or the President or the Vice-Presidents, it shall be referred to the State Government, and the decision of the State Government shall be final. SECTION 04: TERM OF OFFICE (1) The Government shall, by notification in the Official Gazette, publish the names of the members, both elected and nominated. (2) Save as otherwise provided by this Act, a member whether elected or nominated, shall hold office for a term of five years from the date of publication of the notification under sub-section (1). (3) Save as otherwise provided by this Act, the President and Vice-Presidents shall hold the office from the date of their election, till the day on which their term of office as members expires. (4) The term of office of an outgoing member shall, notwithstanding anything contained in sub-section (2), be.....

The Chhattisgarh Madhyamik Shiksha (Amendment) Adhiniyam, 2002 Complete Act

State: Chattisgarh

Year: 2002

THE CHHATTISGARH MADHYAMIK SHIKSHA (AMENDMENT) ADHINIYAM, 2002 THE CHHATTISGARH MADHYAMIK SHIKSHA (AMENDMENT) ADHINIYAM, 2002 [Act No. 34 of 2002] PREAMBLE An Act to amend the Chhattisgarh Madhyamik Shiksha Adhiniyam, 1965 (No. 23 of 1965). Be it enacted by the Chhattisgarh Legislature in the Fifty-third year of the Republic of India :-- Section 1 - Short title and Commencement (1) This ordinance may be called Chhattisgarh Madhyamik Shiksha (Amendment) Adhiniyam, 2002 (No. 34 of 2002). (2) It shall come into force from the date of its publication in the official Gazette of Chhattisgarh. Section 2 - Insertion after sub-section (b) of Section 8 After sub-section (b) of Section 8 of the Chhattisgarh Madhyamik Shiksha Adhiniyam, 1965 (No. 23 of 1965) the following sub-section shall be inserted, namely :-- "(bb) To conduct such entrance examinations for professional courses which may be entrusted by the State Government." Chhatisgarh State Acts

The Chhattisgarh Lok Aayog Adhiniyam, 2002 Complete Act

State: Chattisgarh

Year: 2002

.....and proof, of the misbehaviour or incapacity of the Pramukh Lokayukt and Lokayukt under sub-section (1) shall be as provided in the Judges (Inquiry) Act, 1968 (Act No. 51 of 1968), in relation to the removal of a Judge and accordingly, the provisions of this Adhiniyam shall, subject to necessary modifications apply in relation to the removal of Pramukh Lokayukt and Lokayukt as they apply in relation to the removal of a Judge. Section 6 - Matters that may be enquired into by Lok Aayog Subject to the provisions of this Adhiniyam, upon receiving specific information of misconduct or a complaint against the Chief Minister, a Minister or any other public servant, the Lok Aayog may proceed to inquire into the matter contained therein. Section 7 - Matters not subject to inquiry (1) Except hereinafter provided, Lok Aayog shall not conduct any inquiry under this Adhiniyam in the case of complaint in respect of any action if such action relates to any matter specified in the Third Schedule. (2) Lok Aayog shall not inquire into any action,- (a) in respect of which a formal and public inquiry has been ordered under the Public Servants (Inquiries) Act, 1950 (Act No. 37 of 1950);.....

Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 Complete Act

State: Central

Year: 2002

.....of the State Bank of India (Subsidiary Banks) Act, 1959. (2) Words and expressions used and not defined in this Act but defined in the Indian Contracts Act, 1872 (9 of 1872) or the Transfer of Property Act, 1882 (4 of 1882) or the Companies Act, 1956 (1 of 1956) or the Securities and Exchange Board of India Act, 1992 (15 of 1992) shall have the same meanings respectively assigned to them in those Acts. CHAPTER 2 REGULATION OF SECURITISATION AND RECONSTRUCTION OF FINANCIAL ASSETS OF BANKS AND FINANCIAL INSTITUTIONS SECTION 03: REGISTRATION OF SECURITISATION COMPANIES OR RECONSTRUCTION COMPANIES (1) No securitisation company or reconstruction company shall commence or carry on the business of securitisation or asset reconstruction without- (a) obtaining a certificate of registration granted under this section; and (b) having the owned fund of not less than two crore rupees or such other amount not exceeding fifteen per cent of total financial assets acquired or to be acquired by the securitisation company or reconstruction company, as the Reserve Bank may, by notification, specify: Provided that the Reserve Bank may, by notification, specify different amounts of owned fund.....

Multistate Cooperative Societies Act, 2002 Complete Act

State: Central

Year: 2002

MULTI-STATE CO-OPERATIVE SOCIETIES ACT, 2002 MULTI-STATE CO-OPERATIVE SOCIETIES ACT, 2002 39 of 2002 3rd July, 2002 An Act to consolidate and amend the law relating to co-operative societies, with objects not confined to one State and serving the interests of members in more than one State, to facilitate the voluntary formation and democratic functioning of co-operatives as people's institutions based on self-help and mutual aid and to enable them to promote their economic and social betterment and to provide functional autonomy and for matters connected therewith or incidental thereto. Be it enacted by Parliament in the Fifty-third Year of the Republic of India as follows:- SECTION 01: SHORT TITLE, EXTENT AND COMMENCEMENT (1) This Act may be called the Multi-State Co-operative Societies Act, 2002. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint and different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that.....

INSURANCE REGULATORY AND DEVELOPMENT AUTHORITY (PROTECTION OF POLICY HOLDERS'INTERESTS) REGULATIONS, 2002 Complete Act

State: Central

Year: 2002

.....and Development Authority Act, 1999 (41 of 1999) or the Insurance Rules, 1939 shall have the meanings respectively assigned to them in those Acts or the rules. Regulation 3 Point of Sale (1) Notwithstanding anything mentioned in Regulation 2(e) above, a prospectus of any insurance product shall clearly state the scope of benefits, the extent of insurance cover and in an explicit manner explain the warranties, exceptions and conditions of the insurance cover and, in case of life insurance, whether the product is participating (with profits) or non-participating (without profits). The allowable rider or riders on the product shall be clearly spelt out with regard to their scope of benefits, and in no case, the premium relatable to all the riders put together shall exceed 30% of the premium of the main product. Explanation. The rider or riders attached to a life policy shall bear the nature and character of the main policy, viz. participating or non-participating and accordingly the life insurer shall make provisions, etc. in its books. (2) An insurer or its agent or other intermediary shall provide all material information in respect of a proposed cover to the prospect.....

Insurance Regulatory and Development Authority (Licensing of Corporate Agents) Regulations, 2002 Complete Act

State: Central

Year: 2002

.....insurance executive and each of the specified persons shall also not suffer from any of the disqualifications specified under Sec. 42-D of the Act. Regulation 5 Practical Training (1) Where an applicant is seeking licence for the first time to act as a corporate agent, a corporate insurance executive of such an applicant shall have completed from an approved institution, at least, one hundred hours' practical training which may be spread over three to four weeks, in either life of general insurance business, as the case may be. Provided that the corporate insurance executive of the applicant shall have completed from an approved institution, at least, one hundred fifty hours' practical training which may be spread over six to eight weeks both in life and general insurance business, where such an applicant is seeking licence for the first time to act as a composite corporate agent. (2) Where the corporate insurance executive of the applicant, referred to under sub-regulation (1), is- (a) an Associate/Fellow of the Insurance Institute of India, Mumbai; (b) an Associate/Fellow of the Institute of Chartered Accountants of India, New Delhi; (c) an Associate/Fellow of the.....