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Provincial Insolvency Act, 1920 Part III

Title: Administration of Property

State: Central

Year: 1920

.....annum computed from the declaration of a dividend to the time when the debt would have become payable, according to the terms on which it was contracted. Section 46 - Mutual dealings and setoff Where there have been mutual dealings between an insolvent and a creditor proving or claiming to prove a debt under this Act, an account shall be taken of what is due from the one party to the other in respect of such mutual dealings, and the sum due from the one party shall be set off against any sum due from the other party, and the balance of the account, and no more, shall be claimed or paid on either side respectively. Section 47 - Secured creditors (1) Where a secured creditor realises his security, he may prove for the balance due to him, after deducting the net amount realised. (2) Where a secured creditor relinquishes his security for the general benefit of the creditors, he may prove for his whole debt. (3) Where a secured creditor does not either realise or relinquish his security, he shall, before being entitled to have his debt entered in the schedule, state in his proof the particulars of his security, and the value at which he assesses it, and shall be entitled.....

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The Presidency Small Cause Courts (Bombay Amendment) Act, 1933 Complete Act

State: Central

Year: 1933

.....arc, in many particulars defective, and that though, owing to the efficient manner in which they have been worked, they have generally given satisfaction, questions have often to be discussed in them which, to use the words of a late Small Cause Court Judge, now on the Bench of the Madras High Court, are totally foreign to the people who resort to them; and some of which have only an historic interest even in England. The need of completely revising the law relating to these Courts was pointed out many years ago by Mr. Fagan and Mr. Boulnois, two of the ablest Judges who have presided in the Calcutta Small Cause Court; and in the year 1868, a Bill was drafted for this purpose by Mr. Pitt Kennedy, but further action in the matter has been, from time to Lime, postponed pending the consideration of certain proposals regarding the jurisdiction and powers of the Courts. These proposals having been fully discussed, as near an approach to unanimity regarding them as can well be hoped for has been attained, and the present Bill has accordingly been prepared to consolidate and amend the entire law. The most important change introduced by i lies in the extension of the pecuniary limit.....

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Mit Art, Design And Technology University Act, 2015 Complete Act

State: Maharashtra

Year: 2015

MIT ART, DESIGN AND TECHNOLOGY UNIVERSITY ACT, 2015 MIT ART, DESIGN AND TECHNOLOGY UNIVERSITY ACT, 2015 MAHARASHTRA ACT No. XXXIX OF 2015. (First published, after having received the assent of the Governor in the Maharashtra Government Gazette, on the 21 st August 2015). An Act to provide for establishment, incorporation and regulation of MIT Art, Design and Technology University, Pune, for the development and advancement of higher education in the State and to provide for matters connected therewith and incidental thereto. WHEREAS it is expedient to provide for establishment, incorporation and regulation of the MIT Art, Design and Technology University, Pune for the development and advancement of higher education in the State and to provide for matters connected therewith and incidental thereto, for the purposes hereinafter appearing ; it is hereby enacted in the Sixty-sixth Year of the Republic of India as follows : Short title and commencement. 1. (1) This Act may be called the MIT Art, Design and Technology University Act, 2015. (2) It shall come into force on such date as the State Government may, by notification in the Official Gazette, appoint. Definitions. 2. In.....

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The Maharashtra Universities Act, 1994 Complete Act

State: Maharashtra

Year: 1994

THE MAHARASHTRA UNIVERSITIES ACT, 1994 THE MAHARASHTRA UNIVERSITIES ACT, 1994 Act No. XXXV of 1994 July, 1994 As Amended by Maharashtra Universities Act LV of 2000 w.e.f. 12.5.2000 An Act to unify, consolidate and amend the law relating to the non-agricultural and non-technological universities in the State of Maharashtra. WHEREAS IT is expedient to provide for a unified pattern for the constitution and administration of non-agricultural and non-technological universities in the State of Maharashtra and to make better provisions thereof ; AND WHEREAS with a view to consider and recommend measures for better governance of such universities and reorganisation of higher education, the Central Government and the Government of Maharashtra had appointed various commit tees and study groups; AND WHEREAS after considering the recommendations made by these committees and groups, and the experience gained in implementing the present university Acts, it is felt necessary to make provisions to enable each university to effectively carry out with responsibility the objects of the university, to promote more equitable distribution of facilities for higher education, to provide for.....

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Maharashtra University of Health Sciences Act, 1998 Complete Act

State: Maharashtra

Year: 1998

.....by whatever name called, of any trust registered under the Bombay Public Trusts Act, 1950 or any society registered under the Societies Registration Act, 1860 Act, under the management of which one or more colleges or recognised institutions or other institutions are conducted and admitted to the privileges of the University Provided that, in relation to any college or institution established or maintained by' the Central Government or the State Government or a local authority such as Zilla Parishad, municipal council or n corporation, it means, respective the central Government or, the State Government or the concerned local, authority that is the Zilla Parishad, municipal council or municipal or as the case may be; (22) "non-vacation academic staff" means such staff as the Government may classify to be non-vacation academic staff and includes all such staff which is complimentary to academic staff but, shall not include the staff engaged: purely in administrative functions; (23) "Other Backward Classes" means such classes or parts of or groups within such classes as are declared, from time to time, by the State Government to be the Other Backward Classes and Vi-mukta Jatis and.....

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The Insolvency Act, 1955 Complete Act

State: Kerala

Year: 1955

THE INSOLVENCY ACT, 1955 ACT II OF 1956 THE INSOLVENCY ACT, 1955 1 An Act to consolidate and amend the law relating to insolvency. Preamble .-Whereas it is expedient to consolidate and amend the law relating to insolvency; Be it enacted in the Sixth Year of the Republic of India as follows:- 1. Short title extent and commencement .-(1) This Act may be called the 2 [********] insolvency Act, 1955. 3 [ "(2) It extends to the whole of the State of Kerala"] (2) It shall come into force on such date as the Government may, by notification in the Gazette, appoint. 4 2. Definitions .-(1) In this Act, unless the context otherwise requires, (a) "Collector" means the Chief Officer in charge of the revenue administration of the district and includes an acting or officiating Collector and also any officer appointed by the Government to exercise the functions of the Collector; (b) "creditor" includes a decree-holder, "debt" includes a judgment-debt, and "debtor" includes a judgment-debtor; (c) "District Court" means the principal Civil Court of original jurisdiction; (d) "prescribed" means prescribed by rules made under this Act; (e) .....

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Delhi Administration Act, 1966 Complete Act

State: Delhi

Year: 1966

.....of, or regulating the asking of questions on, any matter which affects the discharge of his functions in so far as he is required by or under this Act to act in his discretion, or by or under any law to exercise judicial or quasi-judicial functions and, if and in so far as any rule so made by the Administrator is inconsistent with any rule made by the Metropolitan Council, the rule made by the Administrator shall prevail. (2) Until rules are made under sub-section (1), the procedure and conduct of business of the Metropolitan Council shall be regulated by such rules as the Administrator may make in this behalf. Section25 Restriction on discussion in Metropolitan Council No discussion shall take place in the Metropolitan Council with respect to the conduct of any Judge of the Supreme Court or of a High Court in the discharge of his duties. Section26 Courts not to enquire into proceedings of Metropolitan Council (1) The validity of any proceedings in the Metropolitan Council shall not be called in question on the ground of any alleged irregularity of procedure. (2) No officer or member of the Metropolitan Council in whom powers are vested by or under this.....

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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,.....

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Railway Companies (Substitution of Parties in Civil Proceedings) Act, 1946 Complete Act

State: Central

Year: 1946

.....is hereby enacted as follows :- SECTION 01: SHORT TITLE This Act may be called The Railway Companies (Substitution of Parties in Civil Proceedings) Act, 1946. SECTION 02: INTERPRETATION In this Act, "civil proceeding" includes an appeal or execution proceeding. SECTION 03: SUBSTITUTION OF GOVERNOR GENERAL IN COUNCIL IN CERTAIN CIVIL PROCEEDINGS (1) In every civil proceeding pending at the commencement of this Act to which the Bengal-Nagpur Railway company Limited, or the Bombay, Baroda and Central India Railway Company, or the Bengal and North Western Railway Company Limited, or the Rohilkhand and Kumaon Railway Company Limited, is a party and which is founded on any right or liability assumed by the Central Government under certain arrangements made by the Central Government with the said Companies, the Governor-General in Council shall, notwithstanding anything to the contrary in the Code of Civil Procedure, 1908, be deemed to be substituted in the place and stead of the Company, and every such proceeding may be continued by or against the Governor-General in Council accordingly, and the Company shall be discharged from all liability in connection with the proceeding. (2).....

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Provincial Insolvency Act, 1920 Section 64

Title: Final Dividend

State: Central

Year: 1920

When the receiver has realised all the property of the insolvent or so much thereof as can, in the opinion of the Court, be realised without needlessly protracting the receivership, he shall declare a final dividend; but before so doing, he shall give notice in manner prescribed to the persons whose claims to be creditors have been notified but not proved, that if they do not prove their claims within the time limited by the notice, he will proceed to make a final dividend without regard to their claims.After the expiration of the time so limited, or if the Court, on application by any such claimant, grants him further time for establishing his claim, then any the expiration of such further time, the property of the insolvent shall be divided among the creditors entered in the schedule without regard to the claims of any other persons.

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