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Home Bare Acts Phrase: sec 106Companies Act, 1956 Section 106
Title: Alteration of Rights of Holders of Special Classes of Shares
State: Central
Year: 1956
1 [106. Alteration of rights of holders of special classes of shares Where the share capital of a company is divided into different classes of shares, the rights attached to the shares of any class may be varied with the consent in writing of the holders of not less than three-fourths of the issued shares of that class or with the sanction of a special resolution passed at a separate meeting of the holders of the issued shares of that class - (a) if provision with respect to such variation is contained in the memorandum or articles of the company, or (b) in the absence of any such provision in the memorandum or articles, if such variation is not prohibited by the terms of issue of the shares of that class.] ________________________ 1. Substituted by Act 65 of 1960, Section 26, for section 106 (w.e.f. 28-12-1960).
View Complete Act List Judgments citing this sectionKarnataka Land Reforms Act, 1961 Section 106
Title: Amount Payable to Religious Institutions Etc.
State: Karnataka
Year: 1961
.....vesting in the State Government under the provisions of this Act the amount payable shall be an annuity to be paid so long as the institution exists, of a sum equal to the net annual income referred to in sub-section (2) of section 72. Towards the annuity so payable, the State Government shall issue a non-transferable and non-negotiable annuity bond. (3) Where the land in respect of which the annuity payable under sub-section (2) is subject to encumbrances,- (a) if the value of the encumbrance is less than the amount of the annuity the holder of the encumbrance shall be paid in full from out of the amount of annuity and the balance shall be paid to the institution; (b) if the value of the encumbrance is more than the amount of the annuity, five per cent of such value shall be paid from out of such amount till the value of the encumbrance is fully paid and the balance shall be paid to the institution; (c) if there are more encumbrances than one, the amount under clauses (a) and (b) shall be distributed according to priority.] _______________________________ 1. Inserted by Act 3 of 1982 w.e.f. 1.1.1979.
View Complete Act List Judgments citing this sectionTransfer of Property Act, 1882 Section 106
Title: Duration of Certain Leases in Absence of Written Contract or Local Usage
State: Central
Year: 1882
.....or local usage (1)In the absence of a contract or local law or usage to the contrary, a lease ofimmovable property for agricultural or manufacturing purposes shall be deemed tobe a lease from year to year, terminable, on the part of either lessor orlessee, by six months' notice; and a lease of immovable property for any otherpurpose shall be deemed to be a lease from month to month, terminable, on thepart of either lessor or lessee, by fifteen days' notice. (2)Notwithstanding anything contained in any other law for the time being in force,the period mentioned in sub-section (1) shall commence from the date of receiptof notice. (3)A notice under sub-section (1) shall not be deemed to be invalid merely becausethe period mentioned therein falls short of the period specified under thatsub-section, where a suit or proceeding is filed after the expiry of the periodmentioned in that sub-section. (4)Every notice under sub-section (1) must be in writing, signed by or on behalf ofthe person giving it, and either be sent by post to the party who is intended tobe bound by it or be tendered or delivered personally to such party, or to oneof his family or servants at his.....
View Complete Act List Judgments citing this sectionInsurance Act, 1938 (4 of 1938) Section 106
Title: Power of Court to Order Restoration of Property of Insurer or Compensation in Certain Cases
State: Central
Year: 1938
.....purpose of that business or that he took all reasonable steps to prevent the disappearance or loss of such money or all property or otherwise satisfactorily accounts for such disappearance or loss. ( 3 ) Where the insurer is an insurance company and any of the acts referred to in clauses (a), (b) and (c) of sub-section ( 1 ) has been committed by any person, every person who was at the relevant time a director, managing agent, manager, liquidator, secretary or other officer of the insurance company shall, for the purposes of that sub-section, be deemed to be liable for that act in the same manner and to the same extent as the person who has committed the act, unless he proves that the act was committed without hi s consent or connivance and was not facilitated by any neglect or omission on hi s part. ( 4 ) Where at any stage of the proceedings against any person under this section (he reinafter referred to as the delinquent), the Court is satisfied by affidavit or otherwise-- (a) that a prima facie case has been made out against the delinquent; and (b) that it is just and proper so to do in the interests of the policy-holders of an insurer or of the me mbers of an.....
View Complete Act List Judgments citing this sectionFactories Act, 1948 Section 106
Title: Limitation of Prosecutions
State: Central
Year: 1948
.....offence continues ; (b) where for the performance of any act time is granted or extended on an application made by the occupier or manager of a factory, the period of limitation shall be computed from the date on which the t ime so granted or extended expired.] STATE AMENDMENT 2Uttar Pradesh : After section 106, insert the following section.-- "106A. Compounding in offences.--The Inspector may, subject to any general or special order of the State Government in this behalf, compound any offences punishable under this Act with fine only, and committed for the first time, either before or after the institution of the prosecution, on realisation of such amount of composition fee as he thinks fit not exceeding the maximum amount of fine fixed for the offence; and where the offence is so compounded,-- (i) before the institution of the prosecution, the offender shall not be liable to prosecution, for such offence and shall, if in custody, be set at liberty; (ii) after the institution of the prosecution the composition shall amount to acquittal of the offender." ____________________ 1. Inserted by Act 94 of 1976, section 43 (w.e.f. 26-10-1976). 2. Vide Uttar.....
View Complete Act List Judgments citing this sectionFinance Act, 1992 Section 106
Title: Amendment of Section 4
State: Central
Year: 1992
In the Expenditure-tax Act, in section 4, in clause (b), after the words, letters and figures "the 1st day of October, 1991", the words, figures and letters "but not after the 31st day of May, 1992" shall be inserted with effect from the 1st day of June, 1992.
View Complete Act List Judgments citing this sectionFinance Act 2007 Section 106
Title: Amendment of Section 127j
State: Central
Year: 2007
In section 127J of the Customs Act, for the brackets and figure "(7)", the brackets and figure "(5)" shall be substituted with effect from the 1st day of June, 2007.
View Complete Act List Judgments citing this sectionKarnataka Police Act, 1963 Section 106
Title: Penalty for Disobedience to Order Under Section 30
State: Karnataka
Year: 1963
Whoever contravenes, disobeys, opposes, or fails to conform to an order under section 30 requiring him to vacate any premises, shall, on conviction, be punished with imprisonment which may extend to three months or with fine which may extend to five hundred rupees or with both.
View Complete Act List Judgments citing this sectionTrade Marks Act, 1999 (47 of 1999) Section 106
Title: Penalty for Removing Piece Goods, Etc., Contrary to Section 81
State: Central
Year: 1999
If any person removes or attempts to remove or causes or attempts to cause to be removed for sale from any premises referred to in section 81 or sells or exposes for sale or has in his possession for sale or for any purpose of trade or manufacture piece goods or cotton yarn or cotton thread which is not marked as required by that section, every such piece and every such bundle of yarn and all such thread and everything used for the packing thereof shall be forfeited to Government and such person shall be punishable with fine which may extend to one thousand rupees.
View Complete Act List Judgments citing this sectionFinance Act 2001 Section 106
Title: Amendment of Section 61
State: Central
Year: 2001
In section 61 of the Customs Act, in sub-section (2), in clause (ii), for the words "six months", wherever they occur, the words "thirty days" shall be substituted with effect from such date as the Central Government may, by notification in the Official Gazette, appoint.
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