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Patents (Amendment) Act, 2005 Section 49

Title: Substitution of New Section for Section 68

State: Central

Year: 2005

For section 68 of the principal Act, the following section shall be substituted, namely:- "68. Assignments, etc., not to be valid unless in writing and duly executed.--An assignment of a patent or of a share in a patent, a mortgage, licence or the creation of any other interest in a patent shall not be valid unless the same were in writing and the agreement between the parties concerned is reduced to the form of a document embodying all the terms and conditions governing their rights and obligations and duly executed.".

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Finance Act, 2003 Section 114

Title: Amendment of Section 68

State: Central

Year: 2003

In section 68 of the Customs Act, after clause (c), the following proviso shall be inserted, namely:-- "Provided that the owner of any warehoused goods may, at any time before an order for clearance of goods for home consumption has been made in respect of such goods, relinquish his title to the goods upon payment of rent, interest, other charges and penalties that may be payable in respect of the goods and upon such relinquishment, he shall not be liable to pay duty thereon.".

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Patents (Amendment) Act, 2002 Section 33

Title: Amendment of Section 68

State: Central

Year: 2002

In section 68 of the principal Act, for the words "the Controller within six months from the commencement of this Act or the execution of the document, whichever is later or within such further period", the words "the Controller within six months from the execution of the document or within such further period" shall be substituted.

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Finance Act, 2006 Section 59

Title: Amendment of Section 68

State: Central

Year: 2006

In section 68 of the Customs Act, after the proviso, the following proviso shall be inserted, namely:-- "Provided further that the owner of any such warehoused goods shall not be allowed to relinquish his title to such goods regarding which an offence appears to have been committed under this Act or any other law for the time being in force.".

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Bombay Police Act, 1951, (Maharashtra) Section 140

Title: Penalty for Contravening Directions Under Section 68

State: Maharashtra

Year: 1951

Whoever opposes or fails to conform to any direction given by the Police under section 68 or abets the opposition or failure to do so shall, on conviction, be punished with fine which may extend to1[five hundred rupees]. ___________________ 1. These words were substituted for the words "fifty rupees" by Mah. 40 of 2000, s. 36, (w.e.f. 9-10-2000).

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Finance Act, 2012, (Central) Section 22

Title: Amendment of Section 68

State: Central

Year: 2012

In section 68 of the Income-tax Act, the following provisos shall be inserted with effect from the 1st day of April, 2013, namely:-- "Provided that where the assessee is a company, (not being a company in which the public are substantially interested) and the sum so credited consists of share application money, share capital, share premium or any such amount by whatever name called, any explanation offered by such assessee-company shall be deemed to be not satisfactory, unless-- (a) the person, being a resident in whose name such credit is recorded in the books of such company also offers an explanation about the nature and source of such sum so credited; and (b) such explanation in the opinion of the Assessing Officer aforesaid has been found to be satisfactory: Provided further that nothing contained in the first proviso shall apply if the person, in whose name the sum referred to therein is recorded, is a venture capital fund or a venture capital company as referred to in clause (23FB) of section 10.".

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Information Technology (Amendment) Act 2008 Section 33

Title: Amendment of Section 68

State: Central

Year: 2008

In section 68 of the principal Act, for sub-section (2), the following sub-section shall be substituted, namely:-- "(2) Any person who intentionally or knowingly fails to comply with any order under sub-section (1) shall be guilty of an offence and shall be liable on conviction to imprisonment for a term not exceeding two years or a fine not exceeding one lakh rupees or with both.".

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Narcotic Drugs and Psychotropic Substances (Amdndment) Act, 2001 Section 37

Title: Amendment of Section 68-o

State: Central

Year: 2001

In section 68-O of the principal Act, in sub-section (1), for the words "Any person aggrieved by an order of the competent authority", the words, brackets, figures and letter "Any officer referred to in sub-section (1) of section 68B or any person aggrieved by an order of the competent authority" shall be substituted.

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Wakf (Amendment) Act, 2013, (Central) Section 38

Title: Amendment of Section 68

State: Central

Year: 2013

In section 68 of the principal Act,-- (i) in sub-section (2), for the words "Magistrate of the first class" and "Magistrate", the words "District Magistrate, Additional District Magistrate, Sub-Divisional Magistrate or their equivalent" shall be substituted; (ii) in sub-sections (3), (4), (5) and sub-section (6), for the words "the Magistrate" the words "any Magistrate" shall be substituted.

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Juvenile Justice (Care and Protection of Children) Amendment Act, 2006 Section 26

Title: Amendment of Section 68

State: Central

Year: 2006

.....mechanism to be resorted to in adoption under subsection (2), notification of guidelines under sub-section (3) and the manner of recognition of specialised adoption agencies under sub-section (4) of section 41;"; (c) sub-section (3) shall be re-numbered as sub-section (4) thereof, and before sub-section (4) as so re-numbered, the following sub-section shall be inserted namely:-- "(3) Every rule made by the Central Government under this Act shall be laid, as soon as may be after it is made, before each House of Parliament, while it is in session, for a total period of thirty days which may be comprised in one session or in two or more successive sessions, and if, before the expiry of the session immediately following the session or the successive sessions aforesaid, both Houses agree in making any modification in the rule or both Houses agree that the rule should not be made, the rule shall thereafter have effect only in such modified form or be of no effect, as the case may be; so, however, that any such modification or annulment shall be without prejudice to the validity of anything previously done under that rule.".

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