Bare Act Search Results

Companies Act, 1956 Section 77AA

Title: Transfer of Certain Sums to Capital Redemption Reserve Account

State: Central

Year: 1956

1[77AA. Transfer of certain sums to capital redemption reserve account Where a company purchases its own shares out of free reserves, then a sum equal to the nominal value of the share so purchased shall be transferred to the capital redemption reserve account referred to in clause (d) of the proviso to sub-section (1) of section 80 and details of such transfer shall be disclosed in the balance sheet.] _____________________ 1. Inserted by Act 21 of 1999, Section 4 (w.r.e.f. 31-10-1998).

The Redemption of Mortgages (Punjab) Act, 1913 Complete Act

State: Punjab

Year: 1913

.....shall mean prescribed by rules made under this Act. Application of certain sections of Punjab Tenancy Act. 3. Subject to the provisions of this Act and the rules thereunder, the provisions of sections 79, 85, 86, 87, 89, 90, 91, 92 and 101, of the Punjab Tenancy Act, 1887, shall, so far as may be, apply to all proceedings of a Collector under this Act. Petition of redemption 4. The mortgagor or other person entitled to institute a suit for redemption may, at any time after the principal money becomes payable and before a suit for redemption is barred, present a petition to the Collector applying for an order directing that his mortgage be redeemed, and where the mortgage is with possession that he be put in possession of the mortgaged property. The petition shall be duly verified in the manner prescribed by law for the verification of plaints, and shalll state the sum which the petitioner declares to the best of his belief to be due under the mortgage. The petitioner shall at the same time deposit such sum with the Collector. Particulars to be contained in petition: 5. The petitioner shall state in his petition such particulars and file therewith such documents as.....

Companies Act, 2013, Section 55

Title: Issue and Redemption of Preference Shares

State: Central

Year: 2013

.....in respect of the unredeemed preference shares, and on the issue of such further redeemable preference shares, the unredeemed preference shares shall be deemed to have been redeemed: Provided that the Tribunal shall, while giving approval under this sub-section, order the redemption forthwith of preference shares held by such persons who have not consented to the issue of further redeemable preference shares. Explanation.--For the removal of doubts, it is hereby declared that the issue of further redeemable preference shares or the redemption of preference shares under this section shall not be deemed to be an increase or, as the case may be, a reduction, in the share capital of the company. (4) The capital redemption reserve account may, notwithstanding anything in this section, be applied by the company, in paying up unissued shares of the company to be issued to members of the company as fully paid bonus shares. Explanation.--For the purposes of sub-section (2), the term "infrastructure projects" means the infrastructure projects specified in Schedule VI.

Karnataka Pawnbrokers Act, 1961 Section 11

Title: Redemption of Pledge

State: Karnataka

Year: 1961

(1) Every pledge shall be redeemable within one year from the day of pawning exclusive of that day; and there shall be added to that year of redemption fifteen days of grace within which every pledge (if not redeemed within the period of redemption) shall continue to be redeemable. (2) A pledge pawned for a sum not exceeding ten rupees, if not redeemed within the period of redemption and days of grace, shall at the end of the days of grace become the pawnbroker's absolute property. (3) A pledge pawned for a sum exceeding ten rupees shall further continue to be redeemable until it is disposed of as provided in this Act, although the period of redemption and days of grace have expired. Explanation.--Where the contract between the parties provides a longer period for redemption than one year, the provisions of sub--sections (1), (2) and (3) shall be read and construed as if references to such longer period had been substituted for the references to the period of one year therein.

Companies Act, 1956 Section 117C

Title: Liability of Company to Create Security and Debenture Redemption Reserve

State: Central

Year: 1956

.....may, on the application of any or all the holders of debentures shall, after hearing the parties concerned, direct, by order, the company to redeem the debentures forthwith by the payment of principal and interest due thereon. (5) If default is made in complying with the order of the2[Tribunal] under sub-section (4), every officer of the company who is in default, shall be punishable with imprisonment which may extend to three years and shall also be liable to a fine of not less than five hundred rupees for every day during which such default continues.] ________________________ 1. Inserted by Act 53 of 2000, section 48 (w.e.f. 13-12-2000). 2. Substituted by Act 11 of 2003, section 18, for "Company Law Board".

Companies Act, 1956 Section 80A

Title: Redemption of Irredeemable Preference Shares, Etc.

State: Central

Year: 1956

.....the Central Government to vary or modify the provisions of this section. (3) If any default is made in complying with the provisions of this section, - (a) the company making such default shall be punishable with fine which may extend to4[ten thousand rupees] for every day during which such default continues; and (b) every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years and shall also be liable to fine.] _____________________ 1. Inserted by Act 31 of 1988, Section 14 (w.e.f. 15-6-1988). 2. Substituted by Act 11 of 2003, Section 13, for "Company Law Board". 3. Substituted by Act 11 of 2003, Section 13, for "any court". 4. Substituted by Act 53 of 2000, Section 36, for "one thousand rupees" (w.e.f. 13-12-2000).

Transfer of Property Act, 1882 Section 91

Title: Persons Who May Sue for Redemption

State: Central

Year: 1882

1 [91. Persons who may sue for redemption Besides the mortgagor, any of thefollowing persons may redeem, or institute a suit for redemption of, themortgaged property, namely:- (a) any person (other than themortgagee of the interest sought to be redeemed) who has any interest in, orcharge upon, the property mortgaged or in or upon the right to redeem the same; (b) any surety for the payment ofthe mortgage-debt or any part thereof; or (c) any creditor of the mortgagor who has in asuit for the administration of his estate obtained a decree for sale of themortgaged property.] ________________________ 1 . Substituted by Act 20 of 1929 Section 46,for the original section.

Companies Act, 2013, Section 69

Title: Transfer of Certain Sums to Capital Redemption Reserve Account

State: Central

Year: 2013

(1) Where a company purchases its own shares out of free reserves or securities premium account, a sum equal to the nominal value of the shares so purchased shall be transferred to the capital redemption reserve account and details of such transfer shall be disclosed in the balance sheet. (2) The capital redemption reserve account may be applied by the company, in paying up unissued shares of the company to be issued to members of the company as fully paid bonus shares.

Companies Act, 1956 Section 80 to 80A

Title: Issue and Redemption of Preference Shares

State: Central

Year: 1956

1[Issue and redemption of preference shares] _____________________ 1. Substituted by Act 31 of 1988, Section 12, for the heading "Redeemable preference Shares" (w.e.f. 15-6-1988).

Multi-state Co-operative Societies Act, 2002 Section 35

Title: Redemption of Shares

State: Central

Year: 2002

(1) Shares held in a multi-State co-operative society by any of the authorities referred to in clauses (c) to (g) of sub-section (1) of section 25 shall be redeemable in accordance with the bye-laws of such multi-State co-operative society and in a case where the bye-laws do not contain any provision in this regard, in such manner as may be agreed upon between the multi-State co-operative society and such authority. (2) The redemption of shares referred to in sub-section (1) shall be on the face value of the shares.