Bare Act Search Results

Hire-purchase Act, 1972 [Repealed] Chapter III

Title: Warranties and Conditions, Limitation on Hire-purchase Charges and Passing of Property

State: Central

Year: 1972

.....was brought to the notice of the hirer and its effect made clear to him. (7) Nothing in this section shall prejudice the operation of any other enactment or rule of iaw whereby any condition or warranty is to be implied in any hire-purchase agreement. Section 7 - Limitation on hire-purchase charges (1) In this section, -- (a) "cash price instalment", in relation to a hire-purchase instalment, means an amount which bears to the net cash price the same proportion as the amount of the hire-purchase instalment bears to the total amount of hire-purchase price; (b) "deposit'" means any sum payable by the hirer under the hire-purchase agreement by way of deposit or other initial payment or credited or to be credited to him under the agreement on account of any such deposit or payment. whether that sum is to be or has been discharged by payment of money or by transfer or delivery of goods or by any other means; (c) "net cash price", in relation to goods comprised in a hire-purchase agreement, means the cash price of such goods as required to be specified in the hire-purchase agreement under clause (b) of sub-section (1) of section 4, less any deposit as defined in clause.....

Hire-purchase Act, 1972 [Repealed] Section 7

Title: Limitation on Hire-purchase Charges

State: Central

Year: 1972

.....in a hire-purchase agreement, means the cash price of such goods as required to be specified in the hire-purchase agreement under clause (b) of sub-section (1) of section 4, less any deposit as defined in clause (b); (d) "net hire- purchase charges", in relation to a hire-purchase agreement for any goods, means the difference between the net hire-purchase price and the net cash price of such goods; (e) "not hire-purchase price", in relation to goods comprised in a hire-purchase agreement, means the total amount of" hire-purchase price of such goods as required to be specified in the hire-purchase agreement under clause (a) of sub-section (I) of section 4 less, -- (i) any amount which is payable to cover the expenses of delivering the goods or any of them to or to the order of the hirer and which is specified in the agreement as included in the hire-purchase price; (ii) any amount which is payable to cover registration or other fees under any law in respect of the goods or the agreement or both and which is specified in the agreement as included in the hire-purchase price; and (iii) any amount which is payable for insurance (other than third party insurance) in respect.....

Hire-purchase Act, 1972 [Repealed] Chapter II

Title: Forms and Contents of Hire-purchase Agreements

State: Central

Year: 1972

.....and the court may, if it is satisfied that the failure to comply with any such requirement has prejudiced the hirer, rescind the agreement on such terms as it thinks just, or pass such other order as it thinks fit in the circumstances of the case. Section 5 - Two or more agreements when treated as a single hire-purchase agreement Where by virtue of two or more agreements in writing, none of which by itself constitutes a hire-purchase agreement, there is a bailment of goods and the bailee has an option to purchase the goods and the requirements of section 3 and section 4 are satisfied in relation to such agreements, the agreements shall be treated for the purposes of this Act as a single hire-purchase agreement made at the time when the last of the agreements was made.

Hire-purchase Act, 1972 [Repealed] Section 4

Title: Contents of Hire-purchase Agreements

State: Central

Year: 1972

.....mode of determining the dale, upon which it is payable, and the person to whom and the place where it is payable; and (e) the goods to which the agreement relates, in a manner sufficient to identify them. (2) Where any part of the hire-purchase price is, or is to be, paid otherwise than in cash or by cheque, the hire-purchase agreement shall contain a description of that part of the hire-purchase price. (3) Where any of the requirements specified in su b-section (1) or sub-section (2) has not been complied with, the hirer may institute a suit for getting the hire-purchase agreement rescinded; and the court may, if it is satisfied that the failure to comply with any such requirement has prejudiced the hirer, rescind the agreement on such terms as it thinks just, or pass such other order as it thinks fit in the circumstances of the case.

Hire-purchase Act, 1972 [Repealed] Section 9

Title: Right of Hirer to Purchase at Any Time with Rebate

State: Central

Year: 1972

(1) The hirer may, at any time during the continuance of the hire-purchase agreement and after giving the owner not less than fourteen days' notice in writing of his intention so to do, complete the purchase of the goods by paying or tendering to the owner the hire-purchase price or the balance thereof as reduced by the rebate calculated in the manner provided in sub-section (2). (2) The rebate for the purposes of sub-section (1) shall be equal to two-thirds of an amount which bears to the hire-purchase charges the same proportion as the balance of the hire-purchase price not yet due bears to the hire-purchase price. Explanation.--In this sub-section "hire-purchase charges" means the difference between the hire-purchase price and the cash price as stated in the hire-purchase agreement. (3) The provisions of this section shall have effect notwithstanding anything to the contrary contained in the hire-purchase agreement, but where the terms of the agreement entitle the hirer to a rebate higher than that allowed by this section, the hirer shall be entitled to the rebate provided by the agreement.

Karnataka Land Reforms Act, 1961 Section 78

Title: Purchase Price of Surplus Land

State: Karnataka

Year: 1961

.....and (ii) D Class land referred to in Part A of the said Schedule be an amount equal to twenty times the net annual income referred to in sub-section (2) of section 72 plus the amount, if any, payable under sub-section (4) of that section.] (3) Where the purchase price is payable in instalments, the amount outstanding after payment of each instalment shall bear interest at the rate of4[five and a half per cent] per annum5[if the purchase price is paid by the grantee out of his own funds and no interest where the money for payment of the purchase price is advanced by the State Land Development Bank or a credit agency]. (4) All amounts due from the grantees shall be a first charge on the land granted and shall be recoverable as land revenue due on that land. 6[(5) Every grantee, who is granted surplus land shall be entitled to obtain assistance from the State Land Development Bank or from a credit agency as defined in the Karnataka Agricultural Credit operations and Miscellaneous Provisions Act, 1974 (Karnataka Act 2 of 1975) for the payment of the purchase price in accordance with such rules as may be prescribed. (6) Notwithstanding anything contained in the.....

Indian Electricity Act, 1910 [Repealed] Section 7A

Title: Determination of Purchase Price

State: Central

Year: 1910

.....be ready for immediate working and to the suitability of the same for the purpose of the undertaking, but without any addition in respect of compulsory purchase or of goodwill or of any profits which may he or might have been made from the undertaking or of any similar consideration. (3) Where an undertaking of a licensee, being a local authority, is sold under subsection (1) of section 5, the purchase price of the undertaking shall be such as the State Government, having regard to the market value of the undertaking at the date of delivery of the undertaking, may determine. (4) Where an undertaking of a licensee is purchased under section 6, the purchase price shall be the value thereof as determined in accordance with the provisions of sub-sections (1) and (2) Provided that there shall be added to such value such percentage, if any, not exceeding twenty per centum of that value as may be specified in the license on account of compulsory purchase.]

Hire-purchase Act, 1972 [Repealed] Section 24

Title: Discharge of Price Otherwise Than by Payment of Money

State: Central

Year: 1972

Where an onwer has agreed that any part of the hire-purchase price may be discharged otherwise than by the payment of money, any such discharge shall, for the purposes of section 10, section 11, section 17, section 20 and section 23, be deemed to be a payment of that part of the hire-purchase price.

Hire Purchase Act, 1972 Complete Act

State: Central

Year: 1972

.....passed by assignment or by operation of law ; (g) each of the words and expressions used and not defined in this Act but defined in the Indian Contract Act, 1872 (9 of 1872)-or the Sale of Goods Act, 1930 (3 of 1930)-shall have the meaning assigned to it in that Act. SECTION 03: HIRE--PURCHASE AGREEMENTS TO BE IN WRITING AND SIGNED BY PARTIES THERETO (1) Every hire-purchase agreement shall be- (a) in writing, and (b) signed by all the parties thereto. (2) A hire-purchase agreement shall be void if in respect thereof any of the requirements specified in sub-section (1) has not been complied with. (3) Where there is a contract of guarantee, the hire-purchase agreement shall be signed by the surety also, and if the hire-purchase agreement is not so signed, the hire-purchase agreement shall be voidable at the option of the owner. SECTION 04: CONTENTS OF HIRE--PURCHASE AGREEMENTS (1) Every hire-purchase agreement shall state- (a) the hire-purchase price of the goods to which the agreement relates ; (b) the cash price of the goods, that is to say, the price at which the goods may be purchased by the hirer for cash ; (c) the date on which the agreement shall be deemed to have commenced.....

Hire-purchase Act, 1972 [Repealed] Chapter IV

Title: Rights and Obligations of the Hirer

State: Central

Year: 1972

.....which is not sufficient to discharge the total amount then due under all the agreements to appropriate the sum so paid by him in or towards the satisfaction of the sum due under any one of the agreements, or in or towards the satisfaction of the sums due under any two or more of the agreements in such proportions as he thinks fit, and, if he fails to make any such appropriation as aforesaid, the sum so paid shall, by virtue of this section, stand appropriated towards the satisfaction of the sums due under the respective hire-purchase agreements in the order in which the agreements were entered into. Section 12 - Assignment and transmission of hirer's right or interest under hire-purchase agreement (1) The hirer may assign his right, title and interest under the hire-purchase agreement with the consent of the owner, or, if his consent is unreasonably withheld, without his consent. (2) Except as otherwise provided in this section, no payment or other consideration shall be required by an owner for his consent to an assignment under sub-section (1), and where an owner requires any such payment or other consideration for his consent, that consent shall be deemed to be.....