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Home Bare Acts Phrase: section 350Companies Act, 1956 Section 350
Title: Ascertainment of Depreciation
State: Central
Year: 1956
1[350. Ascertainment of depreciation The amount of depreciation to be deducted in pursuance of clause (k) of sub-section (4) of section 349 shall be2[the amount of depreciation on assets] as shown by the books of the company at the end of the financial year expiring at the commencement of this Act or immediately thereafter and at the end of each subsequent financial year,3[at the rate specified in Schedule XIV]: Provided that if any asset is sold, discarded, demolished or destroyed for any reason before depreciation of such asset has been provided for in full, the excess, if any, of the written-down value of such asset over its sale proceeds or, as the case may be, its scrap value, shall be written off in the financial year in which the asset is sold, discarded, demolished or destroyed.] _______________________ 1. Substituted by Act 65 of 1960, Section 128, for section 350 (w.e.f. 28-12-1960). 2. Substituted by Act 53 of 2000, Section 161, for certain words (w.e.f. 13-12-2000). 3. Substituted by Act 31 of 1988, Section 50, for certain words (15-6-1968).
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 351
Title: Appeals from Convictions Under Sections 344, 345, 349 and 350
State: Central
Year: 1973
(1) Any person sentenced by any Court other than a High Court under section 344, section 345, section 349 or section 350 may, notwithstanding anything contained in this Code appeal to the Court to which decrees or orders made in such Court are ordinarily appealable. (2) The provisions of Chapter XXIX shall, so far as they arc applicable, apply to appeals under this section, and the Appellate Court may alter or reverse the finding, or reduce or reverse the sentence appealed against. (3) An appeal from such conviction by a Court of small causes shall lie to the Court of Session for the sessions division within which such Court is situate. (4) An appeal from such conviction by any Registrar of Sub-Registrar deemed to be a civil Court by virtue of a direction issued under section 347 shall lie to the Court of Session for the sessions division within which the office of such Registrar of Sub-Registrar is situate.
View Complete Act List Judgments citing this sectionFinance Act, 1995 Section 77
Title: Amendment of Section 350
State: Central
Year: 1995
In section 35D of the Central Excises Act, sub-section (2) shall be omitted.
View Complete Act List Judgments citing this sectionPrisoners Act, 1900 Section 12
Title: Custody Pending Hearing by High Court Under Section 350 of the Code of Civil Procedure of Application for Insolvency
State: Central
Year: 1900
The High Court may, pending thehearing, under section 350of the Code of Civil Procedure (14of 1882) of any application for a declarationof insolvency, cause the judgment-debtor concerned to the delivered to be Superintendent, subject to the provisions as to releaseon security of section 349of the said Code1 ,and Superintendent shall detain the said judgment-debtor in safe custody untilhe is re-delivered to an officer of the High Court for the purpose of beingtaken before it in pursuance of its order, or until he is released in due courseof law. ________________________ 1.This reference should be construedas applying to the Provincial Insolvency Act, 1920, see, section 83(2) of thatAct.
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 205
Title: Dividend to Be Paid Only out of Profits
State: Central
Year: 1956
.....the expiry of the specified period; or (d) as regards any other depreciable asset for which no rate of depreciation has been laid down by 3 [this Act or any rules made thereunder], on such basis as may be approved by the Central Government by any general order published in the Official Gazette or by any special order in any particular case: Provided that where depreciation is provided for in the manner laid down in clause (b) or clause (c), then, in the event of the depreciable asset being sold, discarded, demolished or destroyed the written down value thereof at the end of the financial year in which the asset is sold, discarded, demolished or destroyed, shall be written off in accordance with the proviso to section 350. 4 [(2A) Notwithstanding anything contained in sub-section (1), on and from the commencement of the Companies (Amendment) Act, 1974 no dividend shall be declared or paid by a company for any financial year out of the profits of the company for that year arrived at after providing for depreciation in accordance with the provisions of sub-section (2), except after the transfer to the reserves of the company of such percentage of its profits for that year,.....
View Complete Act List Judgments citing this sectionCompanies Act, 1956 Section 349
Title: Determination Ofnet Profits
State: Central
Year: 1956
.....sale proceeds or its scrap value. _______________________ 1. The words "for the purpose of section 348," omitted by Act 53 of 2000, section 160 (w.e.f. 13-12-2000). 2. Substituted by Act 65 of 1960, Section 127, for "profits from the sale" (w.e.f. 28-12-1960). 3. Inserted by Act 65 of 1960, Section 127 (w.e.f. 28-12-1960). 4. Substituted by Act 65 of 1960, Section 127, for clause (j) (w.e.f. 28-12-1960). 5. Substituted by Act 65 of 1960, Section 127, for clause (l) (w.e.f. 28-12-1960). 6. Inserted by Act 65 of 1960, Section 127 (w.e.f. 28-12-1960). 7. Inserted by Act 11 of 2000, Section 37. 8. Clause (a) omitted by Act, 2000, Section 160 (w.e.f. 13-12-2000).
View Complete Act List Judgments citing this sectionCode of Criminal Procedure, 1973 Section 350
Title: Summary Procedure for Punishment for Non-attendance by a Witness in Obedience to Summons
State: Central
Year: 1973
(1) If any witness being summoned to appear before a Criminal Court legally bound to appear at a certain place and time in obedience to the summons and without just excuse neglects or refuses to attend at that place or time or departs from the place where he has to attend before the time at which it is lawful for him to depart, and the Court before which the witness is to appear is satisfied that it is expedient in the interests of justice that such a witness should be tried summarily, the Court may take cognizance of the offence and after giving the offender an opportunity of showing cause why he should not be punished under this section, sentence him to fine not exceeding one hundred rupees. (2) In every such case the Court shall follow, as nearly as may be practicable, the procedure prescribed for summary trials.
View Complete Act List Judgments citing this sectionCollection of Statistics Act 1953 Section 5
Title: Power of Statistics Authority to Call for Information or Returns
State: Central
Year: 1953
(1) The statistics authority may serve or cause to be served on the owner of an industrial or commercial concern or on any other person a notice requiring him to furnish such information or returns as may be prescribed relating to any matter in respect of which statistics are to be collected. (2) The form in which, and the person to whom, or the authorities to which, such information or returns should be furnished, the particulars which they should contain and the intervals within which such information or returns should be furnished shall be such as may be prescribed. (3) The notice referred to in sub-section (1) may be served by post.
View Complete Act List Judgments citing this sectionCollection of Statistics Act 1953 Section 7
Title: Restriction on the Publication of Information and Returns
State: Central
Year: 1953
(1) No information, no individual return and no part of an individual return with respect to any particular industrial or commercial concern, given for the purposes of this Act shall, without the previous consent in writing of the owner for the time being of the industrial or commercial concern in relation to which the information or return was given or made or his authorized agent, be published in such manner as would enable any particulars to be identified as referring to a particular concern, (2) Except for the purposes of a prosecution under this Act or under the Indian Penal Code, no person who is not engaged in the collection of statistics under this Act shall be permitted to see any information or individual return referred to in sub-section (1).
View Complete Act List Judgments citing this sectionCollection of Statistics Act 1953 Section 8
Title: Penalties
State: Central
Year: 1953
If any person-- (a) required to furnish any information or return (i) wilfully refuses or without lawful excuse neglects to furnish such information or return as may be required under this Act; or (ii) wilfully furnishes or causes to be furnished any information or return which he knows to be false; or (iii) refuses to answer or wilfully gives a false answer to any question necessary for obtaining any information required to be furnished under this Act; or (b) impedes the right access to relevant records or documents or the right of entry conferred by section 6,he shall for each such offence be punishable with fine which may extend to five hundred rupees and in the case or a continuing offence to a further fine which may extend to two hundred rupees for each day after the first during which the offence continues.
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