Section 540 - Bare Acts

Companies (Second Amendment) Act, 2002 Section 99

Title: Amendment of Section 540 and 542

State: Central

Year: 2002

In sections 540 and 542 of the principal Act, for the word "Court", wherever it occurs, the word "Tribunal" shall be substituted.

View Complete Act List Judgments citing this section

Companies Act, 1956 Section 540

Title: Penalty for Frauds by Officers

State: Central

Year: 1956

If any person, being at the time of the commission of the alleged offence an officer of a company which is subsequently ordered to be wound up by the1[Tribunal] or which subsequently passes a resolution for voluntary winding up, - (a) has, by false pretences or by means of any other fraud, induced any person to give credit to the company; or (b) with intent to defraud creditors of the company, has made or caused to be made any gift or transfer of or charge on, or has caused or connived at the levying of any execution against, the property of the company; or (c) with intent to defraud creditors of the company, has concealed or removed any part of the property of the company since the date of any unsatisfied judgment or order for payment of money obtained against the company, or within two months before that date, he shall be punishable with imprisonment for a term which may extend to two years and shall also be liable to fine. _____________________ 1. Substituted by Act 11 of 2003, Section 99, for "Court".

View Complete Act List Judgments citing this section

Patents (Amendment) Act, 1999 Section 4

Title: Omission of Section 39

State: Central

Year: 1999

Section 39 of the principal Act shall be omitted.

View Complete Act List Judgments citing this section

Representation of the People Act, 1951 Section 43

Title: Effect of Default in Appointment of Election Agent Under Section 42 [Repealed]

State: Central

Year: 1951

[Rep. by the Representation of the People (Second Amendment) Act, 1956 (27 of 1956), Section 25].

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 4

Title: Amendment of Section 10

State: Central

Year: 1987

.....substituted with effect from the 1st day of April, 1983; (B) in the proviso, for the words, brackets and figures "in item (3) in the Table below rule 3 of the Post Office Savings Banks Rules, 1965", the words and figures "in item 6 in the Table below rule 4 of the Post Office Savings Account Rules, 1981" shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1983; (ii) in sub-clause (iv), after item (g) and the Explanation thereto, the following item shall be inserted, namely :- "(h) by any public sector company in respect of such bonds or debentures and subject to such conditions, including the condition that the holder of such bonds or debentures registers his name and the holding with that company, as the Central Government may, by notification in the Official Gazette, specify in this behalf;"; (c) in clause (17), - (i) in sub-clause (i), the word "and" shall be omitted and shall be deemed to have been omitted with effect from the 1st day of April, 1986; (ii) for sub-clause (ii), the following sub-clauses shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1986,.....

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 5

Title: Amendment of Section 10a

State: Central

Year: 1987

In section 10A of the Income-tax Act, in the Explanation occurring at the end after clause (ii), the following clause shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 1981, namely :- '(iii) "manufacture" includes any - (a) process, or (b) assembling, or (c) recording of programmes on any disc, tape, perforated media or other information storage device.'.

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 14

Title: Amendment of Section 47

State: Central

Year: 1987

In section 47 of the Income-tax Act, clause (ii) shall be omitted with effect from the 1st day of April, 1988.

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 17

Title: Omission of Section 52

State: Central

Year: 1987

Section 52 of the Income-tax Act shall be omitted with effect from the 1st day of April, 1988.

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 36

Title: Amendment of Section 80-o

State: Central

Year: 1987

In section 80-O of the Income-tax Act, with effect from the 1st day of April, 1988, - (a) in the opening paragraph, - (i) the portion beginning with the words "or having been received in convertible foreign exchange outside India" and ending with the words "and dealings in foreign exchange," shall be omitted; (ii) for the words "so received in, or brought into, India", the words "so received in India" shall be substituted; (b) after the second proviso, the following proviso shall be inserted, namely :- "Provided also that such income is received in India within a period of six months from the end of the previous year, or where the Commissioner is satisfied (for reasons to be recorded in writing) that the assessee is, for reasons beyond his control, unable to do so within the said period of six months, within such further period as the Commissioner may allow in this behalf."; (c) in the Explanation, for clause (ii), the following clause shall be substituted, namely :- '(ii) "foreign enterprise" means a person who is a non-resident.'.

View Complete Act List Judgments citing this section

Finance Act, 1987 Section 38

Title: Omission of Section 80t

State: Central

Year: 1987

Section 80T of the Income-tax Act shall be omitted with effect from the 1st day of April, 1988.

View Complete Act List Judgments citing this section

Bare Act Search Results