Bare Act Search Results

Income Tax Act, 1961 Section 269T

Title: Mode of Repayment of Certain Loans or Deposits

State: Central

Year: 1961

.....bank or co-operative bank ; (iii) any corporation established by a Central, State or Provincial Act ; (iv) any Government company as defined in section 617 of the Companies Act, 1956 (1 of 1956) ; (v) such other institution, association or body or class or institutions, associations or bodies which the Central Government may, for reasons to be recorded in writing, notify in this behalf in the Official Gazette.] Explanation : For the purposes of this section, - (i) banking company shall have the meaning assigned to it in clause (i) of the Explanation to section 269SS ; (ii) co-operative bank shall have the meaning assigned to it in Part V of the Banking Regulation Act, 1949 (10 of 1949) ; (iii) loan or deposit means any loan or deposit of money which is repayable after notice or repayable after a period and, in the case of a person other than a company, includes loan or deposit of any nature.] __________________________________ 1. Substituted by the Finance Act, 2002, with effect from 1st June, 2002. Prior to substitution, section 269T stood as under : 269T. Mode of repayment of certain deposits. (1) No company (including a banking company), co-operative.....

Compulsory Deposit Scheme (Income Tax Payers) Act, 1974, Section 8

Title: Repayment of Compulsory Deposit

State: Central

Year: 1974

.....shall carry interest for the period it is not withdrawn as if it were a compulsory deposit, and the provisions of this Act shall, so far as may be, apply in relation to such amount or interest thereon as they apply in relation to a compulsory deposit or as the case may be, interest on such deposit.] ________________________ 1. Section 8 renumbered as Sub-section(1) thereof and after Sub-section (1) so renumbered, Sub-section (2) inserted by Financial (No. 1) Act (44 of 1980),section 53(c) w.e.f. 1-4-1981. 2. Substituted for the words "provided that" and proviso inserted by the Compulsory Deposit Scheme (Income-tax Payers) Amendment Act (25 of 1985),section2 w.e.f. 30-3-1985. 3. Inserted by the Finance Act (16 of 1981),section 53(c) w.e.f. 1-6-1981. 4. Substituted for Clauses (i) and (ii) by the Finance Act (11 of 1983),section 59(d) w.e.f. 1-6-1983.

Major Port Trusts Act, 1963 Section 80

Title: Power of Board to Repay Loans Before Due Date

State: Central

Year: 1963

A Board may, with the previous sanction of the Central Government, apply any sums, out of moneys which may come into its hands under the provisions of this Act and which can be so applied without prejudicing the security of the other holders of Port Trust securities, in repaying to the Government any sum which may remain due to it in respect of the principal of any loan although the time fixed for the repayment of the same may not have arrived. Provided that no such repayment shall be made of any sum-less than ten thousand rupees; and that, if such repayment is made, the amount of interest in each succeeding instalment shall be so adjusted as to represent exactly the interest due on the outstanding principal.

Add Emoluments Compulsory Deposit Act 1974 Section 9

Title: Repayment of Deposits

State: Central

Year: 1974

.....of any amount credited to the Additional Dearness Allowance Deposit Account for any period ending on the 30th day of June, 1976; (b) in the case of any amount credited to the Additional Dearness Allowance Deposit Account for any period ending, after the 30th day of June, 1976, (i) by crediting such amount to the provident fund account of such employee, if he is the subscriber of any such account, or (ii) in cash, where such employee is not a subscriber to any provident fund. Explanation. --For the purposes of this section, "provident fund" has the meaning assigned to it in section 2(e) of the Provident Funds Act, 1925.] ____________________________ 1. Substituted, omitted & inserted by Act 74 of 1976 w.e.f. 11.06.1976.

Companies Act, 2013, Section 74

Title: Repayment of Deposits, Etc., Accepted Before Commencement of This Act

State: Central

Year: 2013

.....may on an application made by the company, after considering the financial condition of the company, the amount of deposit or part thereof and the interest payable thereon and such other matters, allow further time as considered reasonable to the company to repay the deposit. (3) If a company fails to repay the deposit or part thereof or any interest thereon within the time specified in sub-section (1) or such further time as may be allowed by the Tribunal under sub-section (2), the company shall, in addition to the payment of the amount of deposit or part thereof and the interest due, be punishable with fine which shall not be less than one crore rupees but which may extend to ten crore rupees and every officer of the company who is in default shall be punishable with imprisonment which may extend to seven years or with fine which shall not be less than twenty-five lakh rupees but which may extend to two crore rupees, or with both.

The Tamil Nadu Indebted Agriculturists Repayment of Debts) Act, 1955) Complete Act

State: Tamil Nadu

Year: 1955

.....entertain a suit for recovery of the debt or into the Court which passed the decree, as the case may be, and apply to the Court to record part-satisfaction of the debt. (2) Where any such application is made, the Court shall pass an order recording part-satisfaction of the debt if the amount deposited is the correct amount. (3) The Court shall dismiss the application " (a) if the applicant is not an agriculturist, or (b) if the liability is not a debt, or (c) if the amount deposited is insufficient and the applicant on being required by the Court to deposit the deficit amount within a time fixed by the Court, fails to do so. (4) Any agriculturist entitled to make such deposit may, before the date on which any installment is due, apply to the Court having jurisdiction under sub-section (I) for an extension of time for making the deposit of the whole or any portion of such installment and the Court may, after notice to the creditor, extend the time for payment of such installment or part thereof for such period as it thinks fit. (5) The procedure laid down in the Code of Civil Procedure, 1908 (Central Act V of 1908), for the trial of suits shall, as far as may.....

Reserve Bank of India Act, 1934 (2 of 1934) Section 45QA

Title: Power of Company Law Board to Offer Repayment of Deposit

State: Central

Year: 1934

1 [45QA. Power of Company Law Board to offer repayment of deposit (1) Every deposit accepted by a non-banking financial company, unless renewed, shall be repaid in accordance with the terms and condition of such deposit. (2) Where a non-banking financial company has failed to repay and deposit or part thereof in accordance with the terms and conditions of such deposit, the Company Law Board constituted under section 10E of the Companies Act, 1956 (1 of 1956), may, if it is satisfied, either on its own motion or on an application of the depositor, that it is necessary so to do to safeguard the interests of the company, the depositors or in the public interest, direct, by order, the non-banking financial company to make repayment of such deposit or part thereof forthwith or within such time and subject to such conditions as may be specified in the order: Provided that the Company Law Board may, before making any order under this sub-section, give a reasonable opportunity of being heard to the non-banking financial company and the other persons interested in the matter.] ______________________ 1. Inserted by Act 23 of 1997, section 8 (w.r.e.f. 9-1-1997).

Income Tax Act, 1961 Section 80E

Title: Deduction in Respect of Repayment of Loan Taken for Higher Education

State: Central

Year: 1961

.....charitable purposes and 3[approved by the prescribed authority] under clause (23C) of section 10 or an institution referred to in clause (a) of subsection (2) of section 80G; (b) financial institution means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in section 51 of that Act); or any other financial institution which the Central Government may, by notification in the Official Gazette, specify in this behalf; 5[(c) higher education means any course of study pursued after passing the Senior Secondary Examination or its equivalent from any school, board or university recognised by the Central Government or State Government or local authority or by any other authority authorised by the Central Government or State Government or local authority to do so;] (d) initial assessment year means the assessment year relevant to the previous year, in which the assessee starts paying the interest on the loan;] 4[(e) relative, in relation to an individual, means the spouse and children of that individual] ________________________________ 1. Substituted by the Finance Act, 2005, with effect.....

Major Port Trusts Act, 1963 Section 31

Title: Repayment of Capital with Interest

State: Central

Year: 1963

A Board shall repay, at such intervals and on such terms and conditions as the Central Government may determine, the amount of capital provided under clause (c) of sub-section (1) of section 29 with interest at such rate as may be fixed by that Government and such repayment of capital or payment of interest shall be deemed to be part of the expenditure of the Board.

Oil Industry Development Act 1974 Section 8

Title: Power to Call for Repayment Before Agreed Period

State: Central

Year: 1974

.....pledged, mortgaged, hypothecated or assigned to the Board as security is not insured and kept insured by the concern or other person to the satisfaction of the Board; or depreciates in value to such an extent that, in the opinion of the Board, further security to the satisfaction of the Board should be given and such security is not given; or (e) if, without the permission of the Board, any machinery, plant or other equipment (whether or not forming part of the security), is removed from the premises of the concern or other person without being replaced; or (f) if for any reason it is necessary to protect the interests of the Board. OIL INDUSTRY DEVELOPMENT ACT 1974 Section 8 - Power to call for repayment before agreed period Notwithstanding anything in any agreement to the contrary, the Board may, by notice in writing require any oil industrial concern or other person to which or to whom it has rendered any assistance to discharge forthwith in full its or his liabilities to the Board-- (a) if it appears to the Board that false or misleading information in any material particulars was given in the application for such assistance; or (b) if the concern or other.....