Bare Act Search Results

Payment of Bonus Act, 1965 Complete Act

Title: Payment of Bonus Act, 1965

State: Central

Year: 1965

.....- Special provisions with respect to certain establishments Section17 - Adjustment of customary or interim bonus against bonus payable under the Act Section18 - Deduction of certain amounts from bonus payable under the Act Section19 - Time-limit for payment of bonus Section20 - Application of Act to establishments in public sector in certain cases Section21 - Recovery of bonus due from an employer Section22 - Reference of disputes under the Act Section23 - Presumption about accuracy of balance-sheet and profit and loss account of corporations and companies Section24 - Audited accounts of banking companies not to be questioned Section25 - Audit of accounts of employers, not being corporations or companies Section26 - Maintenance of registers, records, etc Section27 - Inspectors Section28 - Penalty Section29 - Offences by companies Section30 - Cognizance of offences Section31 - Protection of action taken under the Act Section31A - Special provision with respect to payment of bonus linked with production or productivity Section32 - Act not to apply to certain classes of employees Section33 - Act to apply to certain pending disputes regarding payment of bonus.....

Payment of Bonus (Amendment) Act 2007 Complete Act

Title: Payment of Bonus (Amendment) Act 2007

State: Central

Year: 2007

Preamble1 - PAYMENT OF BONUS (AMENDMENT) ACT 2007 Section1 - Short title and commencement Section2 - Amendment of section 2 Section3 - Amendment of section 12 Section4 - Amendment of section 32 Section5 - Repeal and saving

Companies Profits Surtax Act 1964 Complete Act

Title: Companies Profits Surtax Act 1964

State: Central

Year: 1964

.....- Trnasfer of certain pending appeals Section12 - Appeals to Appellate Tribunal Section13 - Rectification of mistakes Section14 - Other amendments Section15 - Surtax deductible in computing distributable income under Income-tax Act Section16 - Revision of orders prejudicial to revenue Section17 - Revision of orders by [Chief Commissioner or Commissioner] Section18 - Application of provisions of Income-tax Act Section19 - Income-tax papers to be available for the purposes of this Act Section20 - Failure to deliver returns, etc Section21 - False statement Section22 - Abetment of false returns, etc Section23 - Institution of proceedings and composition of offences Section24 - Power to make exemption, etc., in relation to certain Union territories Section24A - Agreement with foreign countries Section24AA - Power to make exemption, etc. in relation to participation in the business of prospecting for extraction, etc., of mineral oils Section25 - Power to make rules Section26 - Saving ScheduleI - FIRST SCHEDULE ScheduleII - SECOND SCHEDULE ScheduleIII - THIRD SCHEDULE

Multi State Co-operative Societies Act, 1984 [Repealed] Chapter VI

Title: Properties and Funds of Multi-state Co-operative Societies

State: Central

Year: 1984

.....conditions as may be specified in the bye-laws: Provided that a co-operative bank shall be governed by the provisions of the Banking Regulation Act, 1949. Section 65 - Restrictions on another transactions with non-members Save as provided insections63 and 64-, the transaction of a multi-State co-operative society with any person other than a member shall be subject to such prohibitions and restrictions, if any, as may be prescribed. Section 66 - Contributory provident fund (1) A multi-State co-operative society having such number or class of employees as maybe prescribed may establish a contributory provident fund for the benefit of such employees to which shall be credited all contributions made by the employees and the society in accordance with the bye-laws of the society. (2) Monies standing to the credit of any contributory provident fund established by a multi-State co-operative society under sub-section (1) shall not- (a) Be used in the business of the society; (b) Form part of the assets of the society; (c) Be liable to attachment or be subject to any other process of any court or other authority. (3) Notwithstanding anything contained in this.....

Multi-state Co-operative Societies Act, 2002 Chapter VII

Title: Properties and Funds of Multi-state Co-operative Societies

State: Central

Year: 2002

.....Act, 1970(5 of 1970) or a corresponding new bank constituted under section 3 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1980(40 of 1980). Section 65 - Restriction on contribution No multi-State co-operative society shall make a contribution, either in money or in kind, whether directly or indirectly, to an institution which has an object of furtherance of the interest of a political party. Section 66 - Restriction on loans (1) A multi-State co-operative society, other than a co-operative bank, shall not make a loan to a member on the security of his share or on the security of a non-member. (2) Notwithstanding anything contained in sub-section (1), a multi-State co-operative society may make a loan to a depositor on the security of his deposit. Section 67 - Restrictions on borrowing (1) A multi-State co-operative society may receive deposits, raise loans and receive grams from external sources to such extent and under such conditions as may be specified in the bye-laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and.....

Payment of Bonus Act, 1965 Section 16

Title: Special Provisions with Respect to Certain Establishments

State: Central

Year: 1965

.....( 1B ) and ( 1 C). ( 1 A) In the first five accounting year following the accounting year in which the employer sells the goods produced or manufactured by hi m or renders services, as the case may be, from such establishment, bonus shall be payable only in respect of the accounting year in which the employer derives profit from such establishment and such bonus shall be calculated in accordance with the provisions of this Act in relation to that year, but without applying the provisions of section 15 . ( 1B ) For the sixth and seventh accounting years following the accounting year in which the employer sells the goods produced or manufactured by hi m or renders services, as the case may be, from such establishment, the provisions of section 15 shall apply subject other following modifications, namely:- (i) for the sixth accounting year- set on or set off, as the case may be, shall be made in me manner illustrated in the2[Fourth Schedule] taking into account the excess or deficiency, if any, as the case may be, of the allocable surplus set on or set off in respect of the fifth and sixth accounting years; (ii) for the seventh accounting year- set on or set off, as.....

Multi-state Co-operative Societies Act, 2002 Section 62

Title: Funds Not to Be Divided by Way of Profit

State: Central

Year: 2002

.....expenses including repairs, rent, taxes and depreciation, bonus payable to employees under the law relating to payment of bonus for the time being in force, and equalisation fund for such bonus, provision for payment of income-tax and making approved donations under the Income-tax Act, 1961(43 of 1961), development rebate, provision for development fund, bad debt fund, price fluctuation fund, dividend equalisation fund, share capital redemption fund, investment fluctuation fund, provision for retirement benefits to employees, and after providing for or writing off bad debts and losses not adjusted against any fund created out of profit: Provided that such society may add to the net profits for the year interest accrued in the preceding years, but actually recovered during the year: Provided further that in the case of such multi-State co-operative societies as do not have share capital, the surplus of income over expenditure shall not be treated as net profits and such surplus shall be dealt with in accordance with the bye-laws.

Multi State Co-operative Societies Act, 1984 [Repealed] Section 60

Title: Funds Not to Be Divided by Way of Profit

State: Central

Year: 1984

.....working expenses including repairs, rent, taxes and depreciation, bonus payable to employees under the law relating to payment of bonus for the time being in force, and equalization fund for such bonus, provision for payment of income-tax and making approved donations under the Income-tax Act, 1961, development rebate, provision for development fund, bad debts fund, price fluctuation fund, dividend equalization fund, share capital redemption fund, investment fluctuation fund, provision for retirement benefits to employees, and after providing for or writing off bad debts and losses not adjusted against any fund created out of profit : Provided that such society may. add to the net profits for the year, interest accrued in the preceding years, but actually recovered during the year : Provided further that in case of such multi-State co-operative societies as do not have share capital, the surplus of income over expenditure shall not be treated as net profits and such surplus shall be dealt with in accordance with the bye-laws.

Income Tax Act, 1961 Section 36

Title: Other Deductions

State: Central

Year: 1961

.....year on the taxable banking transactions entered into by him. Explanation: For the purposes of this clause, the expressions banking cash transaction tax and taxable banking transaction shall have the same meanings respectively assigned to them under Chapter VII of the Finance Act, 2005;] 12A[(xiv) any sum paid by a public financial institution by way of contribution to such credit guarantee fund trust for small industries as the Central Government may, by notification in the Official Gazette, specify in this behalf. Explanation.--For the purposes of this clause, "public financial institution" shall have the meaning assigned to it in section 4A of the Companies Act, 1956(1 of 1956);] 30[(xv) an amount equal to the securities transaction tax paid by the assessee in respect of the taxable securities transactions entered into in the course of his business during the previous year, if the income arising from such taxable securities transactions is included in the income computed under the head Profits and gains of business or profession. Explanation: For the purposes of this clause, the expressions securities transaction tax and taxable securities transaction shall.....

The Sikkim Cooperative Societies Act, 1978 Complete Act

State: Sikkim

Year: 1978

.....Saving of existing societies.' 117. Powers to make rules. 118. Repeal. 119. Power to remove difficulties. THE SIKKIM CO-OPERATIVE SOCIETIES ACT, 1978 ACT NO. 12 OF 1978. AN ACT to consolidate and amend the law relating ta co-operative societies in the State 'Of Sikkim. (5th April, 1978) WHEREAS it is expedient to further facilitate the formation and working 'Of co-operative societies for the promotion 'Of thrift, self help and mutual aid among persons with common economic needs and to bring about improvement in agriculture and industry through better methods 'Of production, better business and better living and far that purpose to amend and consolidate the law relating to co-operative societies in the State 'Of Sikkim. Be it enacted by the State Legislature in the Twenty ninth Year 'Of the Republic 'Of India as follows ; CHAPTER I Preliminary Short title, extent and commencement. 1 (i) This Act may be called the Sikkim Co-operative societies Act, 1978. (ii) It extends to the whole 'Of the State 'Of Sikkim. (iii) It shall came into force an such date as the Government may, by notification in the Official Gazette appoint. In this act, unless the.....