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Start Free TrialFinance Act 1968 Chapter V
Title: Indirect Taxes
State: Central
Year: 1968
.....by the Central Government by notification in the Official Gazette, on all or any of the goods mentioned in the First Schedule to the Central Excises Act as amended by this Act or any subsequent Central Act, a regulatory duty of excise which shall not exceed 15 per cent. of the value of the goods as determined in accordance with the provisions of section 4 of the Central Excises Act : Provided that different dates and different rates may be specified by the Central Government for different kinds of goods. (2) Sub-section (1) shall cease to have effect after the 15th day of May, 1969, except as respects things done or omitted to be done before such cesser; and section 6 of the General Clauses Act, 1897 (10 of 1897), shall apply upon such cesser as if the said sub-section had then been repealed by a Central Act. (3) The duties of excise referred to in sub-section (1) in respect of the goods specified therein shall be in addition to the duties of excise chargeable on such goods under the Central Excises Act or any other law for the time being in force and such regulatory duties shall be levied for purposes of the Union and the proceeds thereof shall not be distributed among the.....
View Complete Act List Judgments citing this sectionBihar and Uttar Pradesh (Alteration of Boundaries) Act, 1968 Section 5
Title: Construction of Delimitation Orders
State: Central
Year: 1968
.....State of Bihar, shall be construed as including the territories transferred to that State from the State of Uttar Pradesh under clause (a) of sub-section (1) of sections, but excluding the territories transferred from the State of Bihar to the State of Uttar Pradesh under clause (b) of that sub-section ; (ii) to any district, sub-division, police station or other administrative unit in the State of Bihar, shall be construed as including that part of the territories, if any, transferred to that State, which is included in that district, sub-division, police station or other administrative unit by order made under sub-section (5) of section 3; (b) (i) to the State of Uttar Pradesh, shall be construed as including the territories transferred to that State from the State of Bihar under clause (b) of sub-section (1) of section 3, but excluding the territories transferred from the State of Uttar Pradesh to the State of Bihar under clause (a) of that sub-section; (ii) to any district, sub-division, police station or other administrative unit in the State of Uttar Pradesh, shall be construed as including that part of the territories, if any, transferred to that State, which is.....
View Complete Act List Judgments citing this sectionState Agricultural Credit Corporations Act, 1968 Section 5
Title: Share Capital and Share Holders
State: Central
Year: 1968
.....sub-section (3), the Central Government shall determine the number of shares which are to be allotted to the parties referred to in clause (d) of that sub-section; Provided that if any of the parties referred to in clause (d) of sub-section (3) fails to subscribe, by the date specified by the Central Government under sub-section (4), for any share allotted to it, such share shall be subscribed for by the Central Government, the Reserve Bank and the appropriate Government in such proportions as may be determined by the Central Government; Provided further that the shares subscribed for by the Central Government, the Reserve Bank and the appropriate Government, in pursuance of the provisions of the foregoing proviso, may be transferred to any party who is eligible under clause (d) of sub-section (3) to subscribe for such shares in the first instance, so, however, that the total number of shares held by any of the parties referred to that clause does not exceed fifteen percent, of the share capital of the Corporation ________________________ 1.Inserted by the Banking Companies (Acquisition and Transfer of Undertakings) Act 1970 (5 of 1970) w.e.f. 19-07-1969.
View Complete Act List Judgments citing this sectionInsecticides Act, 1968 Section 5
Title: Registration Committee
State: Central
Year: 1968
(1) The Central Government shall constitute a Registration Committee consisting of a Chairman, and not more than five persons who shall be members of the Board (including the Drugs Controller, India and the Plant Protection Adviser to the Government of India) -- (i) to register insecticides after scrutinising their formulae and verifying claims made by the importer or the manufacturer, as the case may be, as regards their efficacy and safety to human beings and animals; and (ii) to perform such other functions as are assigned to it by or under this Act. (2) Where the Chairman is not a member of the Board, his term of office and other conditions of service shall be such as may be determined by the Central Government. (3) Subject to the provisions of sub-section (2), a member of the Registration Committee shall hold office for so long as he is a member of the Board. (4) The Committee may also co-opt such number of experts and for such purpose or period as it may deem fit, but any expert so co-opted shall have no right to vote. (5) The Registration Committee shall regulate its own procedure and the conduct of business to be transacted by it.
View Complete Act List Judgments citing this sectionFinance Act 1968 Section 5
Title: Insertion of New Sections 35b and 35c
State: Central
Year: 1968
.....of this Act for the same or any other assessment year. 35C. Agricultural development allowance. - (1)(a) Where any company is engaged in the manufacture or processing of any article or thing which is made from, or uses in such manufacture or precessing as raw material, any product of agriculture, animal husbandry, or dairy or poultry farming, and has incurred, after the 29th day of February, 1968, whether directly or through an association or body which has been approved for the purposes of this section by the prescribed authority, any expenditure in the provision of any goods, services or facilities specified in clause (b) to a person [not being a person referred to in clause (b) of sub-section (2) of section 40A] who is a cultivator, grower or producer of such product in India, the company shall, subject to the provisions of this section, be allowed a deduction of a sum equal to one and one-fifth times the amount of such expenditure incurred during the previous year. (b) The goods, services or facilities referred to in clause (a) are the following :- (i) fertilisers, seeds, pesticides, concentrates for cattle and poultry feed, tools or implements, for use by such.....
View Complete Act List Judgments citing this sectionEnemy Property Act 1968 Section 5
Title: Property Vested in the Custodian of Enemy Property for India Under the Defence of India Rules, 1962 to Continue to Vest in Custodian
State: Central
Year: 1968
1[(1)] Notwithstanding the expiration of the Defence of India Act, 1962 and the Defence of India Rules, 1962 (51 of 1962), all enemy property vested before such expiration in the Custodian of Enemy Property for India appointed under the said Rules and continuing to vest in him immediately before the commencement of this Act, as from such commencement, vest in the Custodian. 2[(2) Notwithstanding the expiration of the Defence of India Act, 1971 (42 of 1971) and the Defence of India Rules, 1971, all enemy property vested before such expiration in the Custodian of Enemy Property for India appointed under the said Rules and continuing to vest in him immediately before the commencement of the Enemy Property (Amendment) Act, 1977 shall, as from such commencement, vest in the custodian.] ________________________ 1. Section 5 renumbered as sub-section (1) by the Enemy Property (Amendment) Act, 1977, w.e.f. 27-09-1977. 2. Inserted by the Enemy Property (Amendment) Act, 1977, w.e.f. 27-09-1977.
View Complete Act List Judgments citing this sectionEssential Services Maintenance Act, 1968 Section 5
Title: Penalty for Instigation, Etc.
State: Central
Year: 1968
Any person who instigates, or incites other persons to take part in or otherwise acts in furtherance of, a strike which is illegal under the Act shall be punishable with imprisonment of a term which may extend to one year, or with fine which may extend to one thousand rupees, or with both.
View Complete Act List Judgments citing this sectionAgricultural Pests and Diseases Act, 1968 (1 of 1969) Section 5
Title: Duties of Occupier on the Issue of Notice Under Section 4
State: Karnataka
Year: 1968
On the issue of a notice under section 4,- (i) it shall be the duty of every occupier within the affected area to carry out the preventive or remedial measures specified in such notice; and (ii) it shall be the duty of every male person residing within the said area to render assistance in such manner as has been specified in the notice.
View Complete Act List Judgments citing this sectionCentral Laws (Extension to Jammu and Kashmir) Act, 1968 Section 5
Title: Repeals and Savings
State: Central
Year: 1968
.....continued or enforced, and any such penalty, forfeiture or punishment may be imposed, as if this Act had not been passed : Provided further that, subject to the preceding proviso, anything done or any action taken (including any appointment or delegation made, notification, instruction or direction issued, form, bye-law or scheme framed, certificate obtained, permit or licence granted or registration effected) under any such law shall be deemed to have been done or taken under the corresponding provisions of the Act now extended to that State, and shall continue to be in force accordingly unless and until superseded by anything done or any action taken under the said Act.
View Complete Act List Judgments citing this sectionState Agricultural Credit Corporations Act, 1968 Chapter 5
Title: General Meetings
State: Central
Year: 1968
(1) A general meeting (in this Act to as an annual general meeting) of the Corporation shall be held at the Head Office of the Corporation within three months from the date on which the annual accounts of the Corporation are closed, and any other general meeting may be convened by the Board at any other time; Provided that the Central Government may extend the time within which any annual general meeting shall be held, by a period not exceeding one month. (2) The shareholders present at an annual general meeting shall be entitled to discuss the balance-sheet and profit and loss account of the Corporation, the report of the Board on the working of the Corporation for the period covered by the accounts and the auditor's report on the balance-sheet and account.
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