Bare Act Search Results

Promissory Notes (Stamp) Act, 1926 [Repealed] Preamble 1

Title: Promissory Notes (Stamp) Act, 1926

State: Central

Year: 1926

THE PROMISSORY NOTES (STAMP) ACT, 1926 [Act, No. 11 of 1926] [2nd March, 1926] PREAMBLE An Act to provide for the validation of certain promissory notes. WHEREAS it is expedient to provide for the validation of certain promissory notes stamped with postage stamps of the denomination of two or four annas; It is hereby enacted as follows :--

Promissory Notes (Stamp) Act, 1926 [Repealed] Section 2

Title: Validation of Certain Promissory Notes

State: Central

Year: 1926

A promissory note payable on demand for an amount exceeding two hundred and fifty rupees, executed after the 30th day of September, 1923, and before the 5th day of January, 1925, and stamped with an adhesive stamp or adhesive stamps inscribed for postage and of the value required by the law in force at the time the promissory note was executed, shall not, by reason only of the fact that the stamp or the stamps or any of them is or are of a description other than that required by such law, be deemed for any of the purposes of the Indian Stamp Act, 1899, or of the rules made there under, not to have been duly stamped.

Promissory Notes (Stamp) Act, 1926 [Repealed] Complete Act

Title: Promissory Notes (Stamp) Act, 1926 [Repealed]

State: Central

Year: 1926

Preamble1 - PROMISSORY NOTES (STAMP) ACT, 1926 Section1 - Short title and extent Section2 - Validation of certain promissory notes Repealing Act1 - FINANCE ACT, 2006

Promissory Notes (Stamp) Act, 1926 Complete Act

State: Central

Year: 1926

.....territories which, immediately before the 1st November, 1956, were comprised in Part B States].] SECTION 02: VALIDATION OF CERTAIN PROMISSORY NOTES A promissory note payable on demand for an amount exceeding two hundred and fifty rupees, executed after the 30th day of September, 1923, and before the 5th day of January, 1925, and stamped with an adhesive stamp or adhesive stamps inscribed for postage and of the value required by the law in force at the time the promissory note was executed, shall not, by reason only of the fact that the stamp or the stamps or any of them is or are of a description other than that required by such law, be deemed for any of the purposes of the Indian Stamp Act. 1899 -, or of the rules made thereunder, not to have been duly stamped. Central Bare Acts

Promissory Notes (Stamp) Act, 1926 [Repealed] Repealing Act 1

Title: Finance Act, 2006

State: Central

Year: 1926

.....the words "meant for consumption", the words"destined for consumption" shall be substituted. 63. Amendment of First Schedule In the Customs TariffAct, the First Schedule shall,-- (a) be amended in themanner specified in the Third Schedule; and (b) with effect fromthe 1st day of January, 2007, be also amended in the manner specified in theFourth Schedule. 64. Amendment of section 12C In section 12C of theCentral Excise Act, 1944(1 of 1944) (hereinafter referred to as the CentralExcise Act), in sub-section (2), after clause (c), the following clause shall beinserted, namely:-- "(d) the surplusamount referred to in sub-section (6) of section 73A of the Finance Act, 1994(32of 1994).". 65. Amendment of section 23C In section 23C of theCentral Excise Act, in sub-section (2), after clause (e), the following clauseshall be inserted, namely:-- "(f)determination of the liability to pay duties of excise on any goods under thisAct.". 66. Amendment of Third Schedule In the Central ExciseAct, the Third Schedule shall,-- (a) with effect fromthe 1st day of January, 2007, be amended in the manner specified in Part I ofthe Fifth Schedule; and (b) with effect fromsuch.....

Indian Securities Act, 1920 Section 12

Title: Renewal of Promissory Notes

State: Central

Year: 1920

.....not, may, on applying to the prescribed{Substituted By section 4 By Act 28 of 1937, for "officer ".] [authority] and on satisfying Substituted By section 4 Act 28 of 1937 for " him ".][it] of the justice of his claim and delivering the promissory note receipted in the prescribed manner, and paying the prescribe fee.if any, obtain, from such [Substituted By Act 28 of 1937, section 4 for " officer".] [authority] a renewed promissory note payable to him: Provided that, when application is made for the renewal of a Government promissory note which appears to the prescribed [Substituted By Act 28 of 1937, section 4 for " officer".] [authority] to stand in the name of a deceased member of a Hindu undivided family governed by the Mitakshara law, a renewed promissory note shall not be issued to the applicant unless he furnishes a certificate signed by such authority and after such inquiry as may be prescribed to the effect that the deceased belonged to a Hindu undivided family governed by the Mitakshara law, that the promissory note formed part of the joint property of the family, and that the applicant is the managing or sole surviving male member of the family. Explanation.--.....

Indian Securities Act, 1920 Section 13

Title: Renewal of Promissory Notes in Case of Dispute as to Title

State: Central

Year: 1920

.....declaration, issue a renewed note in favour of such party in accordance with the provisions of section 12, unless within that period [Substituted By section 5, Act 28 of 1937, for "he".] [it] has received notice that proceedings have been instituted by any person in a Court of competent jurisdiction for the purpose of establishing a title to such note. Explanation.- For the purpose of this sub-section the expression "final decision" means a decision which is not appealable or a decision which is appealable but against which no appeal has been filed within the period of limitation allowed by law. (2) For purpose of the inquiry referred to in sub-section (1), the prescribed [Substituted by Act 28 of 1937, section 5, for "officer"] may [Subs.by section 5, Act 28 of 1937, for "himself"].[direct one of its officers to] record, or may request the District Magistrate to record or to have recorded, the whole or any part of such evidence as the parties may produce, when such request has been made to the District any Magistrate of , such Magistrate may himself record or may direct any Magistrate of the second-class subordinate to and empowered by general or special order of the.....

Negotiable Instruments Act, 1881 Section 4

Title: promissory Note

State: Central

Year: 1881

A "promissory note" is an instrument in writing (not being a bank-note or a currency-note) containing an unconditional undertaking signed by the maker, to pay a certain sum of money only to, or to the order of, a certain person, or to the bearer of the instrument. Illustrations A signs instruments in the following terms:-- (a) "I promise to pay B or order Rs. 500." (b) "I acknowledge myself to be indebted to B in Rs. 1,000, to be paid on demand, for value received." (c) "Mr. B. I.O.U. Rs. 1,000." (d) "I promise to pay B Rs. 500 and all other sums which shall be due to him." (e) "I promise to pay B Rs. 500 first deducting there out any money which he may owe me." (f) "I promise to pay B Rs. 500 seven days after my marriage with C." (g) "I promise to pay B Rs. 500 on D's death, provided D leaves me enough to pay that sum." (h) "I promise to pay B Rs. 500 and to deliver to him my black horse on 1st January next." The instruments respectively marked (a) and (b) are promissory notes. The instruments respectively marked (c), (d), (e), (f), (g) and (h) are not promissory notes.

Indian Stamp Act, 1899 Section 47

Title: Power of Payer to Stamp Bills and Promissory Notes Received by Him Unstamped

State: Central

Year: 1899

When any bill of exchange1[or promissory note] chargeable2[with a duty not exceeding ten naye paise] is presented for payment unstamped, the person to whom it is so presented may affix thereto the necessary adhesive stamp, and, upon cancelling the same in manner hereinbefore provided, may pay the sum payable upon such bill3[or note], and may charge the duty against the person who ought to have paid the same, or deduct it from the sum payable as aforesaid, and such bill4[or note], shall, so far as respects the duty, be deemed good and valid : Provided that nothing herein contained shall relieve any person from any penalty or proceeding to which he may be liable in relation to such bill5[or note]. _______________________ 1. Substituted by Act. 5 of 1927, Section 5, for "promissory note or cheque." 2. Substituted by Act 19 of 1958, Section 7, for "with the duty of one anna" w.e.f.1-10-1958. 3. Substituted by Act 5 of 1927, Section 5, for note or cheque. 4. Substituted by Act 5 of 1927, Section 5, for note or cheque. 5. Substituted by Act 5 of 1927, Section 5, for note or cheque.

Indian Securities Act, 1920 Section 16

Title: Liability in Respect of Promissory Note Renewed, Etc

State: Central

Year: 1920

(1) When a renewed Government promissory note has been issued under section 12, or a new Government promissory note has been issued upon conversion, consolidation or sub-division under section 15, in favour of any person, the note so issued shall be deemed to constitute a new contract between the Government and such person and all persons deriving title thereafter through him. (2) No such renewal, conversion, consolidation or sub-division shall affect the rights as against the Government of any other person to the security or securities so renewed, converted, consolidated or sub-divided.