Section 518 - Bare Acts

Companies (Second Amendment) Act, 2002 Section 92

Title: Substitution of New Sections for Sections 518 and 519

State: Central

Year: 2002

.....officer of the company in relation to the company since its formation; and the Tribunal may, after considering the report, direct that that person or officer shall' attend before the Tribunal on a day appointed by it for that purpose, and be publicly examined as to the promotion or formation or the conduct of the business of the company, or as to his conduct and dealings as officer thereof. (2) The provisions of sub-sections (2) to (11) of section 478 shall apply in relation to any examination directed under sub-section (1) as they apply in relation to an examination directed under sub-section (1) of section 478 with references to the liquidator being substituted for references to the Official Liquidator in those provisions.".

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Companies Act, 1956 Section 518

Title: Power to Apply to Tribunal to Have Questions Determined or Powers Exercised

State: Central

Year: 1956

.....) or subsection ( 2 ) that the determination of the question or the required exercise of power or the order applied for will be just and beneficial, may accede wholly or partially to the application on such terms and conditions as it thinks fit, or may make such other ord er on the application as it thinks just. ( 4) A copy of an order staying the proceedings in the winding up, made by virtue of this section, shall forthwith be forwarded by the company, or otherwise as may be prescribed, to the Registrar, who shall make a minute of the ord er in hi s books relating to the company.] ____________________ 1. Substituted by Act 11 of 2003, Section 92, for section 518 (See Annexe).

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Finance Act, 1985 Section 5

Title: Amendment of Section 16

State: Central

Year: 1985

In section 16 of the Income-tax Act, in clause (i), with effect from the 1st day of April, 1986, - (a) the Explanation shall be numbered as Explanation 1; (b) after Explanation 1 as so numbered, the following Explanation shall be inserted, namely :- "Explanation 2 : For the purposes of the proviso to this clause, the use of any vehicle referred to therein for journey by the assessee from his residence to his office or other place of work, or from such office or place to his residence, shall not be regarded as the use of such vehicle otherwise than wholly and exclusively in the performance of his duties;".

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Finance Act, 1985 Section 17

Title: Omission of Section 80f

State: Central

Year: 1985

Section 80F of the Income-tax Act shall be omitted with effect from the 1st day of April, 1986.

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Finance Act, 1985 Section 21

Title: Omission of Section 80jj

State: Central

Year: 1985

Section 80JJ of the Income-tax Act shall be omitted with effect from the 1st day of April, 1986.

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Finance Act, 1985 Section 22

Title: Omission of Section 80n

State: Central

Year: 1985

Section 80N of the Income-tax Act shall be omitted with effect from the 1st day of April, 1986.

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Finance Act, 1985 Section 24

Title: Omission of Section 80v

State: Central

Year: 1985

Section 80V of the Income-tax Act shall be omitted with effect from the 1st day of April, 1986.

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Finance Act, 1985 Section 25

Title: Omission of Section 80vv

State: Central

Year: 1985

Section 80VV of the Income-tax Act shall be omitted with effect from the 1st day of April, 1986.

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Finance Act, 1985 Section 26

Title: Amendment of Section 115

State: Central

Year: 1985

In section 115 of the Income-tax Act, in clause (i), for sub-clause (a), the following sub-clause shall be substituted with effect from the 1st day of April, 1986, namely :- "(a) on so much of the amount of such long-term capital gains as relate to buildings or lands or any rights in buildings or lands, at the rate of fifty per cent.; and".

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Finance Act, 1985 Section 3

Title: Amendment of Section 2

State: Central

Year: 1985

In section 2 of the Income-tax Act, in clause (18), after sub-clause (ab), the following sub-clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1984, namely :- "(ac) if it is a mutual benefit finance company, that is to say, a company which carries on, as its principal business, the business of acceptance of deposits from its members and which is declared by the Central Government under section 620A of the Companies Act, 1956 (1 of 1956), to be a Nidhi or Mutual Benefit Society; or".

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