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Finance Act, 2008 Complete Act

State: Central

Year: 2008

.....the meaning given by Article 2 of Council Regulation (EC) No. 1407/2002 (state aid to coal industry). (3) The production of coal includes the extraction of it. Excluded activities: producing steel 20C In paragraph 16(ic) "steel" means any of the steel products listed in Annex 1 to the Guidelines on national regional aid (2006/C 54/08), published in the Official Journal on 4 March 2006." (6) The amendments made by this section have effect in relation to options granted on or after the day on which this Act is passed. SECTION 34: Tax credits for certain foreign distributions: (1) Schedule 12 contains provision about tax credits for certain foreign distributions. (2) The amendments made by that Schedule have effect for the tax year 2008-09 and subsequent tax years. SECTION 35: Small companies relief: associated companies: (1) Section 13 of ICTA (small companies' relief) is amended as follows. (2) In the second sentence of subsection (4) (meaning of "control" for purposes of definition of "associated company"), insert at the end "except that, in the application of subsection (6) of that section in relation to the company ("the taxpayer company") and another company.....

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Information Technology (Amendment) Act 2008 Section 24

Title: Amendment of Heading of Chapter X

State: Central

Year: 2008

In Chapter X of the principal Act, in the heading, the word "Regulations" shall be omitted.

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Finance Act 2008 Section 24

Title: Amendment of Section 115-o

State: Central

Year: 2008

In section 115-O of the Income-tax Act, after sub-section (1), the following sub-section shall be inserted, namely:-- (1A) The amount referred to in sub-section (1) shall be reduced by the amount of dividend, if any, received by the domestic company during the financial year, if (a) such dividend is received from its subsidiary; (b) the subsidiary has paid tax under this section on such dividend; and (c) the domestic company is not a subsidiary of any other company: Provided that the same amount of dividend shall not be taken into account for reduction more than once. Explanation.-For the purposes of this sub-section, a company shall be a subsidiary of another company, if such other company holds more than half in nominal value of the equity share capital of the company".

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Gram Nyayalayas Act 2008 Section 24

Title: Special Procedure in Civil Disputes

State: Central

Year: 2008

..... (5) The Gram Nyayalaya shall also have the power,-- (a) to dismiss any case for default or to proceed ex parte; and (b) to set aside any such order of dismissal for default or any order passed by it for hearing the case ex parte. (6) In regard to any incidental matter that may arise during the course of the proceedings, the Gram Nyayalaya shall adopt such procedure as it may deem just and reasonable in the interest of justice. (7) The proceedings shall, as far as practicable, be consistent with the interests of justice and the hearing shall be continued on a day-to-day basis until its conclusion, unless the Gram Nyayalaya finds the adjournment of the hearing beyond the following day to be necessary for reasons to be recorded in writing. (8) The Gram Nyayalaya shall dispose of the application made under sub-section (1) within a period of six months from the date of its institution. (9) The judgment in every suit, claim or dispute shall be pronounced in open court by the Gram Nyayalaya immediately after conclusion of hearing or at any subsequent time, not exceeding fifteen days, of which notice shall be given to the parties. (10) The judgment shall contain a.....

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Collection of Statistics Act 2008 Section 24

Title: Cognizance of Offences

State: Central

Year: 2008

No court shall take cognizance of any offence under this Act except on a complaint made by the appropriate Government or an officer authorised in this behalf by such appropriate Government or, as the case may be, the statistics officer, and no court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the first class shall try any offence punishable under this Act.

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Indian Maritime University Act 2008 Section 24

Title: The Planning Board

State: Central

Year: 2008

(1) The Planning Board shall be the principal planning body of the University. (2) The Planning Board shall be responsible for monitoring the development of the University. (3) The constitution of the Planning Board, term of office of its members and its powers and functions shall be prescribed by the Statutes.

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Limited Liability Partnership Act 2008 Section 24

Title: Cessation of Partnership Interest

State: Central

Year: 2008

..... (5) Where a partner of a limited liability partnership ceases to be a partner, unless otherwise provided in the limited liability partnership agreement, the former partner or a person entitled to his share in consequence of the death or insolvency of the former partner, shall be entitled to receive from the limited liability partnership -- (a) an amount equal to the capital contribution of the former partner actually made to the limited liability partnership; and (b) his right to share in the accumulated profits of the limited liability partnership, after the deduction of accumulated losses of the limited liability partnership, determined as at the date the former partner ceased to be a partner. (6) A former partner or a person entitled to his share in consequence of the death or insolvency of the former partner shall not have any right to interfere in the management of the limited liability partnership.

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National Jute Board Act 2008 Section 24

Title: Power to Remove Difficulties

State: Central

Year: 2008

(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order, published in the Official Gazette, make such provisions not inconsistent with the provisions of this Act as may appear to be necessary for removing the difficulty: Provided that no such order shall be made after the expiry of a period of two years from the commencement of this Act. (2) Every order made under sub-section (1) shall be laid, as soon as may be after it is made, before each House of Parliament.

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Code of Criminal Procedure (Amendment) Act 2008 Section 24

Title: Amendment of Section 327

State: Central

Year: 2008

In section 327 of the principle Act,-- (a) in sub-section (2), after the proviso, the following proviso shall be inserted, namely:-- "Provided further that in camera trial shall be conducted as far as practicable by a woman Judge or Magistrate."; (b) in sub-section (3), the following proviso shall be inserted, namely:-- "Provided that the ban on printing or publication of trial proceedings in relation to an offence of rape may be lifted, subject to maintaining confidentiality of name and address of the parties.".

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National Investigation Agency Act 2008 Section 24

Title: Power to Remove Difficulties

State: Central

Year: 2008

(1) If any difficulty arises in giving effect to the provisions of this Act, the Central Government may, by order published in the Official Gazette make such provisions, not inconsistent with the provisions of this Act, as may appear to it to be necessary or expedient for removing the difficulty: Provided that no order shall be made, under this section after the expiration of two years from the commencement of this Act. (2) Every order made under this section shall be laid, as soon as may be after it is made, before each House of Parliament.

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