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Start Free TrialDisaster Management Act, 2005 Section 50
Title: Emergency Procurement and Accounting
State: Central
Year: 2005
Where by reason of any threatening disaster situation or disaster, the National Authority or the State Authority or the District Authority is satisfied that immediate procurement of provisions or materials or the immediate application of resources are necessary for rescue or relief,-- (a) it may authorise the concerned department or authority to make the emergency procurement and in such case, the standard procedure requiring inviting of tenders shall be deemed to be waived; (b) a certificate about utilisation of provisions or materials by the controlling officer authorised by the National Authority, State Authority or District Authority, as the case may be, shall be deemed to be a valid document or voucher for the purpose of accounting of emergency, procurement of such provisions or materials.
View Complete Act List Judgments citing this sectionSpecial Economic Zones Act, 2005 Section 50
Title: Power of State Government to Grant Exemption
State: Central
Year: 2005
The State Government may, for the purposes of giving effect to the provisions of this Act, notify policies for Developers and Units and take suitable steps for enactment of any law-- (a) granting exemption from the State taxes, levies and duties to the Developer or the entrepreneur; (b) delegating the powers conferred upon any person or authority under any State Act to the Development Commissioner in relation to the Developer or the entrepreneur.
View Complete Act List Judgments citing this sectionFinance Act 2005 Section 50
Title: Amendment of Section 199
State: Central
Year: 2005
In section 199 of the Income-tax Act, in sub-section (3), for the figures, letters and words "1st day of April, 2005", the figures, letters and words "1st day of April, 2006" shall be substituted.
View Complete Act List Judgments citing this sectionPatents (Amendment) Act, 2005 Section 50
Title: Amendment of Section 74
State: Central
Year: 2005
In section 74 of the principal Act, for sub-section (2), the following subsection shall be substituted, namely:- "(2) The Central Government may, by notification in the Official Gazette, specify the name of the Patent Office.".
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 3
Title: Prohibition to Commence or Carry on Business of Credit Information
State: Central
Year: 2005
Save as otherwise provided in this Act, no company shall commence or carry on the business of credit information without obtaining a certificate of registration from the Reserve Bank under this Act.
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 26
Title: Application of Fines
State: Central
Year: 2005
A court imposing any fine under this Act may direct that the whole or any part thereof shall be applied in or towards payment of the costs of the proceedings, or for such purposes as may be directed by the court.
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 20
Title: Privacy Principles
State: Central
Year: 2005
Every credit information company, credit institution and specified user, shall adopt the following privacy principles in relation to collection, processing, collating, recording, preservation, secrecy, sharing and usage of credit information, namely:-- (a) the principles-- (i) which may be followed by every credit institution for collection of information from its borrowers and clients and by every credit information company, for collection of information from its member credit institutions or credit information companies, for processing, recording, protecting the data relating to credit information furnished by, or obtained from, their member credit institutions or credit information companies, as the case may be, and sharing of such data with specified users; (ii) which may be adopted by every specified user for processing, recording, preserving and protecting the data relating to credit information furnished, or received, as the case may be, by it; (iii) which may be adopted by every credit information company for allowing access to records containing credit information of borrowers and clients and alteration of such records in case of need to do so; (b) the purpose
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 19
Title: Accuracy and Security of Credit Information
State: Central
Year: 2005
A credit information company or credit institution or specified user, as the case may be, in possession or control of credit information, shall take such steps (including security safeguards) as may be prescribed, to ensure that the data relating to the credit information maintained by them is accurate, complete, duly protected against any loss or unauthorised access or use or unauthorised disclosure thereof.
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 13
Title: Powers and Duties of Auditors
State: Central
Year: 2005
.....the interest of credit system or credit institution or its borrower or client so to do, it may, at any time, by an order, direct that a special audit of the accounts of the credit information company in relation to any such transaction or class of transactions or for such period or periods, as may be mentioned in the order, shall be conducted and the Reserve Bank may by such order or by a separate order either appoint an auditor or auditors or direct the auditor of the credit information company himself to conduct such special audit and the auditor shall comply with such directions and make a report of such audit to the Reserve Bank and forward a copy thereof to the credit information company. (4) The remuneration of the auditors as may be fixed by the Reserve Bank, having regard to the nature and volume of work involved in the audit and the expenses of, or incidental to, the audit, shall be borne by the credit information company so audited.
View Complete Act List Judgments citing this sectionCredit Information Companies (Regulation) Act, 2005 Section 10
Title: Power of Reserve Bank to Determine Policy
State: Central
Year: 2005
Where the Reserve, Bank is satisfied that it is necessary or expedient in the public interest or in the interest of specified users or in the interest of credit information companies or credit institutions or clients or borrowers so to do, it may determine the policy in relation to functioning of credit information companies or credit institutions or specified users generally or in particular and when the policy has been so determined all credit information companies, credit institutions and specified users, as the case may be, shall be bound to follow the policy as so determined.
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