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National Institute of Mental Health and Neuro-sciences, Bangalore Act, 2012, (Central) Section 21

Title: Pension and Provident Funds

State: Central

Year: 2012

(1) The Institute shall constitute for the benefit of its officers, teachers and other employees in such manner and subject to such conditions as may be specified such pension and provident funds as it may deem fit. (2) Where any such pension or provident fund has been constituted, the Central Government may declare that the provisions of the Provident Funds Act, 1925 (19 of 1925) shall apply to, such fund as if it were a Government Provident Fund.

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Copyright (Amendment) Act, 2012, (Central) Section 21

Title: Amendment of Section 34

State: Central

Year: 2012

In section 34 of the principal Act, for the words "owner of rights", wherever they occur, the words "author and other owners of right" shall be substituted.

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All-india Institute of Medical Sciences (Amendment) Act, 2012, (Central) Section 21

Title: Amendment of Section 21

State: Central

Year: 2012

In section 21 of the principal Act,-- (a) for the words "decisions of the Institute", the words "decisions of every Institute" shall be substituted; (b) for the words "officer of the Institute", the words "officer of every Institute" shall be substituted.

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Rajiv Gandhi National Institute of Youth Development Act, 2012, (Central) Section 21

Title: Officers of Institute

State: Central

Year: 2012

The Institute shall consist of the following officers, namely:- (a) the Director; (b) the Registrar; and (c) such other officers as may be declared by the Statutes to be the officers of the Institute.

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Finance Act, 2012, (Central) Section 21

Title: Amendment of Section 56

State: Central

Year: 2012

.....company or a venture capital fund; or (ii) by a company from a class or classes of persons as may be notified by the Central Government in this behalf. Explanation.--For the purposes of this clause,-- (a) the fair market value of the shares shall be the value-- (i) as may be determined in accordance with such method as may be prescribed; or (ii) as may be substantiated by the company to the satisfaction of the Assessing Officer, based on the value, on the date of issue of shares, of its assets, including intangible assets being goodwill, know-how, patents, copyrights, trademarks, licences, franchises or any other business or commercial rights of similar nature, whichever is higher; (b) "venture capital company", "venture capital fund" and "venture capital undertaking" shall have the meanings respectively assigned to them in clause (a), clause (b) and clause (c) of Explanation 1 to clause (23FB) of section 10;'.

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Prevention of Money-laundering (Amendment) Act, 2012, (Central) Section 21

Title: Amendment of Section 44

State: Central

Year: 2012

In section 44 of the principal Act, in sub-section(1),-- (i) for clause (a) the following clause shall be substituted, namely:-- "(a) an offence punishable under section 4 and any scheduled offence connected to the offence under that section shall be triable by the Special Court constituted for the area in which the offence has been committed: Provided that the Special Court, trying a scheduled offence before the commencement of this Act, shall continue to try such scheduled offence; or"; (ii) in clause (b). for the words "cognizance of the offence for which the accused is committed to it for trial", the words and figure "cognizance of offence under section 3, without the accused being committed to it for trial'" shall be substituted; (iii) after clause (b), the following clauses shall be inserted, namely:-- "'(c) if the court which has taken cognizance of the scheduled offence is other than the Special Court which has taken cognizance of the complaint of the offence of money-laundering under sub-clause (b), it shall, on an application by the authority authorised to file a complaint under this Act, commit the case relating to the scheduled offence to the Special Court.....

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Academy of Scientific and Innovative Research Act, 2011, (Central) Section 21

Title: Director of Academy

State: Central

Year: 2011

The Director shall be the principal academic and executive officer of the Academy and shall be responsible for the administration of the Academy and imparting instruction, research and maintenance of discipline.

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Factoring Regulation Act, 2011, (Central) Section 21

Title: Penalties

State: Central

Year: 2011

If a default is made in filing under section 19 the particulars of any transaction of assignment of receivables and realisation of receivables by a factor, such company and every officer of the company who is in default shall be punishable with fine which may extend to five thousand rupees for every day during which the default continues.

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Academy of Scientific and Innovative Research Act, 2011, (Central) Section 21

Title: Director of Academy

State: Central

Year: 2011

The Director shall be the principal academic and executive officer of the Academy and shall be responsible for the administration of the Academy and imparting instruction, research and maintenance of discipline.

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Finance Act, 2011, (Central) Section 21

Title: Amendment of Section 115r

State: Central

Year: 2011

In section 115R of the Income-tax Act, in sub-section (2), with effect from the 1st day of June, 2011,-- (a) in clause (i), for the words "income distributed", the words "income distributed to any person being an individual or a Hindu undivided family" shall be substituted; (b) after clause (i), the following clause shall be inserted, namely:-- "(ia) thirty per cent. on income distributed to any other person by a money market mutual fund or a liquid fund;"; (c) in clause (iii), for the words "twenty per cent.", the words "thirty per cent." shall be substituted.

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