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Home Bare Acts Phrase: purchase money security interest Page 1 of about 16,438 results (0.034 seconds)Trusts Act, 1882 Complete Act
State: Central
Year: 1882
.....known it, or when information of the fact is given to or obtained by his agent, under the circumstances mentioned in the section 229 Indian Contract Act, 1872 (9 of 1872)-, ; and all expressions used herein and defined in the Indian Contract Act, 1872 (expressions defined in Act 9 of 1872), shall be deemed to have the meanings respectively attributed to them by that Act. SECTION 04: LAWFUL PURPOSE. A trust may be created for any lawful purpose. The purpose of a trust is lawful unless it is (a) forbidden by law, or (b) is of such a nature that, if permitted, it would defeat the provisions of any law, or (c) is fraudulent, or (d) involves or implies injury to the person or property of another, or (e) the Court regards it as immoral or opposed to public policy. Every trust of which the purpose is unlawful is void. And where a trust is created for two purposes, of which one is lawful and the other unlawful, and the two purposes, cannot be separated, the whole trust is void. SECTION 05: TRUST OF IMMOVABLE PROPERTY No trust in relation to immoveable property is valid unless declared by a non-testamentary instrument in writing signed by the author of the trust or the.....
List Judgments citing this sectionIndian Trusts Act, 1882 Chapter III
Title: Of the Duties and Liabilities of Trustees
State: Central
Year: 1882
.....the Slate Government of Bombay]; 15[(d) in debentures or other securities for money issued, under the authority of16[any Central Act or Provincial Act or State Act], by or on behalf of any municipal body, port trust or city improvement trust in any Presidency-town, or in Rangoon town, or by or on behalf of the trustees of the port of Karachi:] 17[Provided that after the 31st day of March, 1948, no money shall be invested in any securities issued by or on behalf of a municipal body, port trust or city improvement trust in Rangoon town, or by or on behalf of trustees of the port of Karachi:] (e) On a first mortgage of immovable property situate in18[any part of the territories to which this Act extends]: Provided that the property is not a leasehold for a term of years and that the value of the property exceeds by one-third, or, if consisting of buildings, exceeds by one-half, the mortgage-money; 19[* * *] 20[(ee) in units issued by the Unit Trust of India under any unit scheme made under section 21 of the Unit Trust of India Act, 1963; or] (f) on any other security expressly authorized by the instrument of trust,21[or by the Central Government by the notification in.....
View Complete Act List Judgments citing this sectionBengal Land Revenue Sales Act, 1859 Complete Act
State: West Bengal
Year: 1859
BENGAL LAND REVENUE SALES ACT, 1859 BENGAL LAND REVENUE SALES ACT, 1859 11 of 1859 4th May, 1859 An Act to improve the law relating to sales of land for arrears of revenue in the Lower Provinces under the Bengal Presidency. Preamble. Whereas it is expedient to discontinue the practice of obtaining the previous sanction of the Board of Revenue to sales of estates for arrears of revenue, or other demands of Government, in the Province of Cuttack; and whereas it is just that a person having a lien upon an estate, and paying the money necessary to protect it from sale for arrears of revenue, should be reasonably secured and whereas it is expedient to afford shares in estates, who duly pay their shares of the sadar jama of their estates, easy means of protecting their shares from sale by reason of the default of their co-sharers ; and whereas it is expedient to afford landholders, particularly absentees, facilities in guarding against the accidental sale of their estates for arrears of revenue by reason of the neglect or fraud of their agents ; and it is therefore proper, for the above and other purposes, to improve the law relating to sales of land for arrears of revenue.....
List Judgments citing this sectionSecurity Interest (Enforcement) Rules, 2002 Complete Act
State: Central
Year: 2002
.....declares that the application is within the limitation prescribed in section 24 of the Recovery of Debts Due to Banks and Financial Institutions (Act), 1993. 5. Facts of the case ; The facts of the case are given below: -[Give- here a concise statement of facts in a chronological order, each paragraph containing as nearly as possible a separate issue, fact or otherwise], 6. Details of recoveries made by sale of securities ; [Give here security wise details of sale/s conducted and realizations, appropriations of sale proceeds towards, costs interest and principal amount and the balance amount to be recovered.] 7. Relies sought : In view of me facts mentioned in para 5 above, the applicant prays for the the following relief(s) :- [Specify below the relief(s) sought explaining the ground for relief(s) and the legal provisions (if any relief upon).] 8. Iterim order, if prayed for: Pending final decision on the application, the applicant seeks issue of the following interim order-- [Give here the nature of the interim order prayed for with reasons.] 9. Matter not pending with any other court, etc : The applicant further declares that the matter .....
List Judgments citing this sectionIndian Trusts Act, 1882 Section 23
Title: Liability for Breach of Trust
State: Central
Year: 1882
.....or undue influence having been brought to bear on him, concurred in the breach, or subsequently acquiesced therein, with full knowledge of the facts of the case and of his rights as against the trustee. A trustee commuting a breach of trust is not liable to pay interest except in the following cases:-- (a) where he has actually received interest; (b) where the breach consists in unreasonable delay in paying trust-money to the beneficiary; (c) where the trustee ought to have received interest, but has not done so; (d) where he may be fairly presumed to have received interest. He is liable, in case (a), to account for the interest actually received, and, in case (b), (c) and (d), to account for simple interest at the rate of six per cent, per annum, unless the court otherwise directs; (e) where the breach consists in failure to invest trust-money and to accumulate the interest or dividends thereon, he is liable to account for compound interest (with half-yearly rests) at the same rate; (f) where the breach consists in the employment of trust-property or the proceeds thereof in trade or business, he is liable to account, at the opinion of the beneficiary,.....
View Complete Act List Judgments citing this sectionBengal Land Revenue Sales Act, 1868 Complete Act
State: West Bengal
Year: 1868
.....and the Commissioner shall be competent, in every case of appeal so preferred, to annul any sale of an estate or share of an estate made under this Act or Act 11 of 1859, which shall appear to him not to have been conducted according to the provisions of the said Act, awarding at the same time to the purchaser a payment from the proprietor of compensation for his loss, if the sale shall have been occasioned by neglect of the proprietor, such compensation not to exceed the interest at the highest rate of the current Government securities on the amount of deposit or balance of purchase-money during the period of its being retained in the Collectors office; and the order of the Commissioner, shall in such cases be final. Section 3 Time for revenue sales extended 55.Wrods "From the date when this Act comes into operation," rep. by Act 1 of 1903. * * * * * The word "thirty" shall be substituted for the word "fifteen" in section 6 of the said Act 11 of 1859 66.Words 'and the words "or more than thirty" in the same section shall be omitted therefrom, and the said section shall be read as if the same had not been inserted therein' rep. by Act 1 of 1903. * * * *. Section 4 Time for.....
List Judgments citing this sectionInsurance Rules, 1939 Complete Act
State: Central
Year: 1939
.....ries of Pondicherry and Lakshadweep; and (vii) words used but not defined in these rules have the meanings respectively assigned to them in the Act. CHAPTER 2 Actuaries Rule 3 Qualifications of actuaries Any person signing as actuary under the Act shall be a Fellow of the Institute of Actuaries, London, or a Fellow of the Faculty of Actuaries in Scotland 33. Ins. by S.O. 961 (E), dated 24th March. 1992. [or a Fellow of Actuarial Society of India]: Provided that where application is made to the Controller of Insurance and it Is shown to his satisfaction that the employment of an Associate of such institute of actuaries or of such Faculty of Actuaries 33. Ins. by S.O. 961 (E), dated 24th March. 1992. [or of such Actuarial Society] or of any other person having actuarial knowledge for any specified purpose is expedient in order to enable an Insurer or a provident society to carry out any of his or its obligations under the Act, the Controller of Insurance may grant the application and permit such person to sign as actuary for the specified purpose, subject to such conditions and restric- tions as the Controller of Insurance thinks fit to impose. Rule 4 . . [* * * * * * * .....
List Judgments citing this sectionDelhi Development Act, 1957 Complete Act
State: Delhi
Year: 1957
.....to do anything necessary or expedient for purposes of such development and for purposes incidental thereto: Provided that save as provided in this Act, nothing contained in this Act shall be construed as authorising the disregard by the Authority of any law for the time being in force. CHAPTER 3 Master Plan and Zonal Development Plans Section7 Civic survey of, and master plan for Delhi (1)The Authority shall, as soon as may be, carry out a civic survey of, and prepare a master plan for, Delhi. (2) The master plan shall (a) define the various zones into which Delhi may be divided for the purposes of development and indicate the manner in which the land in each zone is proposed to be used (whether by the carrying out thereon of development or otherwise) and the stages by which any such development shall be carried out; and (b) serve as a basic pattern of framework within which the zonal development plans of the various zones may be prepared. [(3) The master plan may provide for any other matter which is necessary for the proper development of Delhi.] Section8 Zonal developmental plans (1) Simultaneously with the preparation of the master plan or as soon as may.....
List Judgments citing this sectionBengal Municipal Act, 1932 Complete Act
State: West Bengal
Year: 1932
.....sanction of the Governor General has been obtained under sub-section (3) of section 80A of the Government of .India Act to the passing of this Act; It is hereby enacted as follows CHAPTER 1 PRELIMINARY Section 1 Short title, extent and commencement (1)This Act may be called the Bengal Municipal Act, 1932. (2) It extends to the whole of [West Bengal], except Calcutta as defined fay clause (11) of section 3 of the Calcutta Municipal Act, 1923. (3) It shall come into force on such date as the (State Government] may, by notification, appoint. (4) Notwithstanding anything contained in sub-section (2), it shall not take effect in any cantonment or part of a cantonment without the consent of the [Central Government] previously obtained. (5) Notwithstanding anything contained in sub-section (2), the provisions of this Act shall apply to the district of Darjeeling or any part thereof subject to such exceptions and modifications as the State Government may, by notification, direct. Section 2 Savings .- ********* All municipalities constituted, ****** limits defined, regulations, measurements and divisions made, licenses and notices issued, taxes, tolls, rates and fees.....
List Judgments citing this sectionThe Madurai City Municipal Corporation Act, 1971(Tamil Nadu Act Xv of 1971) Complete Act
State: Tamil Nadu
Year: 1971
THE MADURAI CITY MUNICIPAL CORPORATION ACT, 1971 (TAMIL NADU ACT XV of 1971) THE MADURAI CITY MUNICIPAL CORPORATION ACT, 1971 (TAMIL NADU ACT XV of 1971) An Act to provide for the establishment of Municipal Corporation for the City of Madurai in the State of Tamil Nadu. Be it enacted by the Legislature of the state of Tamil Nadu in the Twenty Second Year of the Republic of India as follows: CHAPTER " I PRELIMINARY 1. SHORT, TITLE, EXTENT AND COMMENCEMENT : (1) This Act may be called The Madurai City Municipal Corporation Act, 1971. NOTES The said Act and the Madras District Municipalities Act, 1920 have very many identical provisions. See 95 L.W. 324. (2) It extends to the City of Madurai (3) It shall be deemed to have come into force on the first day of May, 1971. 2. DEFINITIONS: - In this Act, unless the context otherwise requires:- (1) "Appoint" includes to appoint temporarily or in an officiating capacity; (2) "Appointment" includes temporary and officiating appointments; (3) "Budget Grant" means any sum entered on the expenditure side of the Budget estimate which has been adopted by the council; (4) "Building" includes " (a) a house, out-house, stable, latrine,.....
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