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Home Bare Acts Phrase: section 32aState Financial Corporations Act, 1951 Section 32B
Title: Effect of Notified Order Under Section 32a
State: Central
Year: 1951
1 [32B. Effect of notified order under Section32A.-- On the issue of a notified order under Section 32A.-- (a) in any case in which the industrialconcern is a company as defined in the Companies Act, 1956 (1 of 1956) allpersons holding office as directors of the industrial concern and in any othercase, all persons holding any office having the powers of superintendence,director and control of the industrial concern, immediately before the issue ofthe notified order, shall be deemed to have vacated their offices as such; (b) any contract of management between theindustrial concern and any managing agent or any director or manager thereofholding office as such immediately before the issue of the notified order shallbe deemed to have terminated; (c) in the case of an industrial concern whichis a company as defined in the Companies Act, 1956 (1 of 1956) the managingagent, if any, appointed under Section 32A shall be deemed to have been dulyappointed in pursuance of the said Act and the memorandum and articles ofassociation of the industrial concern and the provisions of the said Act andthe memorandum and articles shall, subject to the other provisions contained inthis Act,.....
View Complete Act List Judgments citing this sectionState Financial Corporations Act, 1951 Section 41A
Title: Protection of Action Taken by Persons Appointed Under Section 27 or Section 32a
State: Central
Year: 1951
1[41A. Protection of action taken by persons appointed under Section 27 or Section 32A No suit, prosecution or other legal proceeding shall lie against any person appointed as director, administrator, managing agent or manager by the Financial Corporation in pursuance of Section 27 or Section 32A for anything which is in good faith done or intended to be done by him as such director, administrator, managing agent or manager] ______________________ 1. Inserted by Act 6 of 1962, section 21 (w.e.f. 16-4-1962).
View Complete Act List Judgments citing this sectionFinance Act, 1982 Section 8
Title: Amendment of Section 32a
State: Central
Year: 1982
In section 32A of the Income-tax Act, in sub-section (2B), for the words, figures and letters "but before the 1st day of April, 1982", the words, figures and letters "but before the 1st day of April, 1987" shall be substituted.
View Complete Act List Judgments citing this sectionFinance Act, 1981 Section 5
Title: Amendment of Section 32a
State: Central
Year: 1981
In section 32A of the Income-tax Act, in clause (2) of the Explanation below sub-section (2), for the words "the business of the undertaking does not exceed ten lakh rupees; and for this purpose the value of any machinery or plant shall be, -", the following shall be substituted, namely :- "the business of the undertaking does not exceed, - (i) in a case where the previous year ends before the 1st day of August, 1980, ten lakh rupees; and (ii) in a case where the previous year ends after the 31st day of July, 1980, twenty lakh rupees, and for this purpose the value of any machinery or plant shall be, -".
View Complete Act List Judgments citing this sectionFinance Act 2007 Section 120
Title: Amendment of Section 32a
State: Central
Year: 2007
In section 32A of the Central Excise Act, after the proviso to sub-section (6), the following proviso shall be inserted, namely:-- "Provided further that at any stage of the hearing of any such case or matter, referred to in the first proviso, the Chairman may, if he thinks that the case or matter is of such a nature that it ought to be heard by a Bench consisting of three Members, constitute such Bench and if Vice-Chairman is not one of the Members, the senior among the Members shall act as the presiding officer of such Bench.".
View Complete Act List Judgments citing this sectionFinance Act,1990 Section 7
Title: Amendment of Section 32a
State: Central
Year: 1990
In section 32A of the Income-tax Act, - (i) in sub-section (4), in clause (ii), in the opening portion, for the words "the previous year in respect of which the deduction is to be allowed", the words, brackets and figure "any previous year in respect of which the deduction is to be allowed under sub-section (3) or any earlier previous year (being a previous year not earlier than the year in which the ship or aircraft was acquired or the machinery or plant was installed or the ship, aircraft, machinery or plant was first put to use)" shall be substituted and shall be deemed to have substituted with effect from the 1st day of April, 1976; (ii) sub-section (9) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1976.
View Complete Act List Judgments citing this sectionFinance Act, 1986 Section 7
Title: Amendment of Section 32a
State: Central
Year: 1986
In section 32A of the Income-tax Act, - (a) in sub-section (2), - (i) in clause (c), for the figures, letters and words "1st day of April, 1988,", the figures, letters and words "1st day of April, 1987," shall be substituted with effect from the 1st day of April, 1987; (ii) in clause (2) of the Explanation, for sub-clauses (i) and (ii), the following sub-clauses shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1985, namely :- "(i) in a case where the previous year ends before the 1st day of August, 1980, ten lakh rupees; (ii) in a case where the previous year ends after the 31st day of July, 1980 but before the 18th day of March, 1985, twenty lakh rupees; and (iii) in a case where the previous year ends after the 17th day of March, 1985, thirty-five lakh rupees,"; (b) in sub-section (8), the words ", not being earlier than three years from the date of such notification," shall be omitted; (c) after sub-section (8A), the following sub-section shall be inserted with effect from the 1st day of April, 1987, namely :- "(8B) Subject to the provisions of clause (ii) of sub-section (3), no deduction shall be.....
View Complete Act List Judgments citing this sectionFinance Act, 1983 Section 11
Title: Amendment of Section 32a
State: Central
Year: 1983
.....and the business so carried on is for the time being approved for purposes of this clause by the Central Government."; (ii) in the Explanation, for the words, brackets, figures and letter "this sub-section and sub-sections (2B) and (4)", the words, brackets, figures and letters "this sub-section and sub-sections (2B), (2C) and (4)" shall be substituted with effect from the 1st day of June, 1983; (b) after sub-section (2B), the following sub-section shall be inserted with effect from the 1st day of June, 1983 namely :- '(2C) Where any new machinery or plant, being machinery or plant which would assist in control of pollution or protection of environment and which has been notified in this behalf by the Central Government in the Official Gazette, is installed after the 31st day of May, 1983 in any industrial undertaking referred to in sub-clause (i) or sub-clause (ii) or sub-clause (iii) of clause (b) of sub-section (2), the provisions of sub-section (1) shall have effect in relation to such machinery or plant as if for the words "twenty-five per cent.", the words "thirty five per cent." had been substituted.'.
View Complete Act List Judgments citing this sectionFinance (No. 2) Act 1977 Section 9
Title: Amendment of Section 32a
State: Central
Year: 1977
.....(iii), the following sub-clauses shall be substituted, namely :- "(ii) in a small-scale industrial undertaking for the purposes of business of manufacture or production of any article or thing; or (iii) in any other industrial undertaking for the purposes of business of construction, manufacture or production of any article or thing, not being an article or thing specified in the list in the Eleventh Schedule." (ii) in the Explanation, for the words, brackets and figure "this sub-section and sub-section (4)", the words, brackets, figures and letter "this sub-section and sub-sections (2B) and (4)" shall be substituted; (b) after sub-section (2), the following sub-sections shall be inserted, namely : (2A) The deduction under sub-section (1) shall not be denied in respect of any machinery or plant installed and used mainly for the purposes of business of construction, manufacture or production of any article or thing not being an article or thing specified in the list in the Eleventh Schedule, by reason only that such machinery or plant is also used for the purposes of business of construction, manufacture or production of any article or thing specified in the said list. .....
View Complete Act List Judgments citing this sectionBombay Money-lenders Act, 1946, (Maharashtra) Section 32A
Title: Penalty for Making False Statement
State: Maharashtra
Year: 1946
1 [32A. Penalty for making falsestatement Whoever in any document required by, or for the purposes of, any of the provisions of this Act, wilfully makes a statement in any material particulars knowing it to be false, shall, on conviction, be punished with imprisonment for a term which may extend to two years or with fine which may extend to five thousand rupees or with both. _____________________ 1. Sections 32A and 32B were inserted, " byMah. 76 of 1975, s. 16.
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